Property Investment Opening Brief

We have secured the opportunity to purchase a property at a highly favourable price, presenting an excellent prospect for a profitable flip. Our confidence in this project is supported by several strong indicators of success.

Firstly, one of the key comparable properties sits just a few doors down—this is a house we personally purchased, renovated, and successfully sold. Because of this, we know the street exceptionally well, understand the desirability of the location, and, crucially, have proven evidence of the price per square metre we can achieve.

The subject property is located in a very sought‑after residential area. Architecturally, it is a beautiful home with significant potential to restore it to its former character while incorporating a high‑quality, modern renovation. The existing layout is strong, and there are multiple clear opportunities to add value throughout the project.

We are aiming to purchase the property for £120,000, with an anticipated refurbishment budget of £55,000–£60,000. Based on our previous sale on the same street—which achieved £252,000 and had only a marginally larger floor plan—we expect an end value of £230,000+ upon completion.

Overall, this represents a rare opportunity to acquire a rundown property in an excellent location, with strong comparable sales, familiar market conditions, and outstanding flip potential.

Number of Bedrooms (current): 3

Is there potential to add a bedroom?: No

Reception Rooms: 2

Bathrooms/shower-rooms: 1

Property Asking Price: £130,000

Target Purchase Price: Under £120,000

Fair Market Value (DUV): £230,000

Comparable 1: This is our very own bought, renovated and sold property!
Sold 252,000: https://www.rightmove.co.uk/properties/161746748#/?channel=RES_BUY

Comparable 2: Sold £230,000: https://www.rightmove.co.uk/house-prices/details/c6a09074-54d4-48a9-a0af-1e462a1a0f18

Comparable 3: Sold £215,000: https://www.rightmove.co.uk/house-prices/details/fed8522f-bcc2-47c5-bdcb-55090f050e52

Comparable 4: STC £210,000: https://www.rightmove.co.uk/properties/162611033#/?channel=RES_BUY

Comparable 5: STC £255,000: https://www.rightmove.co.uk/properties/163686113#/?channel=RES_BUY

Comparable 6: STC £210,000: https://www.rightmove.co.uk/properties/170609708#/?channel=RES_BUY

Comparable 7: Sold STC £225,000: https://www.rightmove.co.uk/properties/168046337#/?channel=RES_BUY

Market Status: Corporate Sale, Open Market

Why is the property being sold?: Distressed Seller

Is the property in a lettable condition? No

Is the sale price negotiable?: No

Property Type: House detached

Freehold or Leasehold: Freehold

Is the property part of portfolio?: Unknown

Exit Strategy 1: Flip

Exit Strategy 2: BTL

Exit Strategy 3: Capital Growth

Potential Target Demographic: Families and young professionals and is within 1st time buyer price range.

Flip Figures:

Purchase Price: £120,000

Refurb Costs: £60,000

Entry Legal Costs: £1600

Exit Legal Costs: £1000

Stamp Duty: £6000

Survey Costs: £450

Tiger Burrows Consultation Fee: £2997

Estimated 6 months bills costs: £750

Estate Agent Selling Fees: £3500

Total Costs for investor: £196,297

Re-sale price (DUV): £230,000

Potential Profit: £33,703

Rewritten Renovation Schedule & Estimated Costs

The renovation works have been broken down into key phases to ensure a structured and efficient refurbishment process. Below is the revised schedule, with estimated costs allocated to each stage of the project:

• Initial Strip-Out & Clearance
  The first stage involves a full internal rip out followed by removal of all waste materials.
  Estimated cost: £2,000 for rip out + £2,000 for waste removal

• Structural & Core Building Works
  Minor structural alterations and essential building adjustments will be carried out to prepare the property for refurbishment.
  Estimated cost: £2,000

• Insulation & Internal Framework
  Installation of insulation followed by stud work and boarding to create a solid internal framework.
  Estimated cost: £2,000 for insulation + £2,000 for boarding and stud work

• Windows, Doors & Roofing
  Replacement of windows and doors, along with necessary roof works to ensure the property is watertight.
  Estimated cost: £4,000 for windows/doors + £2,500 for roof works

• Kitchen & Bathroom Installation
  A full new kitchen and bathroom suite will be fitted, bringing the property up to modern standards.
  Estimated cost: £6,000 for kitchen + £5,000 for bathrooms

• Electrical, Gas & Heating Upgrades
  Updated electrical systems and new gas/central heating works to ensure full compliance and efficiency.
  Estimated cost: £3,500 for electrical + £3,000 for heating

• External Improvements
  Landscaping and garden works will be completed, followed by exterior painting and finishing touches to enhance curb appeal.
  Estimated cost: £4,000 for garden works + £2,000 for external painting + £1,000 for curb appeal

• Internal Finishes
  Internal decoration, plastering, woodwork finishing, and new flooring throughout to complete the internal transformation.
  Estimated cost: £2,500 for internal painting + £5,000 for plastering + £3,000 for woodwork + £3,700 for flooring

• Project Management
  Full coordination and oversight of the renovation, ensuring timelines, quality standards, and budgets are met.
  Estimated cost: £5,000

• Total Renovation Estimated at £58,200