We gave 8 Properties a £617k uplift!

We took over the refurbishment of a landlord's portfolio valued at £870k, and it's now worth £1.8 million.
Original Valuation
£870,000
Refurb Cost
£365,000
New Valuation
£1,852,500
Owner's Profit
£617,500

About this

Pembrokeshire

project:

A local developer passed away leaving an estate including 8 properties. They were all tenanted Buy To Let investments with varying lengths of rental lease remaining. The beneficiaries lived overseas and wanted to liquidate the assets.

  • We compiled reports including valuations, rental yields, tenancy leases and renovation uplift
  • The beneficiaries instructed us to renovate the properties as and when they became vacant and to manage the subsequent sale
  • We successfully managed the portfolio, communicated with tenants and assisted with finding the tenants new homes at no extra costs as leases expired over several years

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.

The portfolio consisted of the following 8 properties:

Properties
  1. Flat 6 The Green
  2. Bridgend Terrace
  3. Dimond Terrace
  4. Milton Terrace
  5. 2 Lane Head
  6. Beach Road
  7. Hakin Point (1)
  8. Hakin Point (2)
Valuations
Values
  • £100,000
  • £65,000
  • £115,000
  • £75,000
  • £155,000
  • £80,000
  • £140,000
  • £140,000
Refurb
  • £5,000
  • £40,000
  • £45,000
  • £65,000
  • £60,000
  • £50,000
  • £30,000
  • £70,000

TOTAL

Uplift
  • £30,000
  • £20,000
  • £15,000
  • £45,000
  • £60,000
  • £40,000
  • £230,000
  • £190,000

TOTAL Uplift

TOTAL

Resale
Resale Value
  • £135,000
  • £125,000
  • £172,500
  • £175,000
  • £275,000
  • £170,000
  • £400,000
  • £400,000
  • +35%
  • +92%
  • +50%
  • +133%
  • +77%
  • +113%
  • +186%
  • +186%

+

£617,500

+112.9%

The portfolio consisted of the following 8 properties:

  1. Flat 6 The Green
  2. Bridgend Terrace
  3. Dimond Terrace
  4. Milton Terrace
  5. 2 Lane Head
  6. Beach Road
  7. Hakin Point (1)
  8. Hakin Point (2)

The Outcome

Original Valuation
=
£870,000
Cost of Works
=
£365,000
New Valuation
=
£1,852,500
Owner's Profit
=
+
£617,500
Increase in Value
=
+112.9%

Our experienced consultants prepared detailed reports, including valuations of the properties in their existing condition as well as the potential value if refurbished. We also suggested a marketing strategy, included agent recommendations, and gave renovation ideas supported by the estate agent valuations.

Once the renovations had been finished, the original valuer re-attended to carry out new valuations. The properties were then placed on the open market and sold for a staggering profit.

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