We made an additional £90k for the vendors

This home had been empty for several years. We funded the renovation works and achieved a considerable uplift for the vendors.
Original Valuation
£120,000
Refurb Cost
£52,480
New Valuation
£262,500
Owner's Profit
£90,020

About this

Boverton, South Wales

project:

The property was introduced by a senior associate at a nation-wide law firm. This family home had stood empty for a number of years. Using our Renovate For Sale scheme the property was valued, refurbished, and then sold for £262,500 which is £32,500 more than our original estimated value.

An offer was accepted within 9 days of the property going on the market, and the sale was completed within a further 70 days.

Before and after photos

The following photos were taken when the property was first valued, and then again once the renovations had been completed.

How we added value

These photos show the property once we'd completed our renovation works on it.

Schedule of Works:

Properties

Stage 1:

  • House clearance
  • Strip out works including removal of kitchen and bathroom
  • Remodelling of ground floor
  • Roof repairs
  • First fix mechanical and electrical

Stage 2:

  • Plastering
  • Installation of new windows and doors  

Stage 3:

  • Fitting of kitchen and bathrooms
  • Flooring installation
  • Decorations

Stage 4:

  • Front and rear garden works
  • External decorations
  • Installation of new garage door
Valuations
Values
Refurb

TOTAL

Uplift

TOTAL Uplift

TOTAL

Resale
Resale Value

+

£90,020

+118.75%

Schedule of Works:

Stage 1:

  • House clearance
  • Strip out works including removal of kitchen and bathroom
  • Remodelling of ground floor
  • Roof repairs
  • First fix mechanical and electrical

Stage 2:

  • Plastering
  • Installation of new windows and doors  

Stage 3:

  • Fitting of kitchen and bathrooms
  • Flooring installation
  • Decorations

Stage 4:

  • Front and rear garden works
  • External decorations
  • Installation of new garage door

The Outcome

Original Valuation
=
£120,000
Cost of Works
=
£52,480
New Valuation
=
£262,500
Owner's Profit
=
+
£90,020
Increase in Value
=
+118.75%

On completion of the refurbishment works, the property sold for £262,500, which is 118.75% more than the original valuation. We made the owner a very healthy £90,020 profit, which was an incredible outcome for a property that had been empty for a number of years beforehand.

It was on the market for £250k, already a significant uplift in value and profit, and it then sold for £12,500 more than asking price. The owner was absolutely thrilled!

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