Case Studies

Client Deal – 1 Bed Flat Renovation

We have worked with Sophie since late 2021 to establish a plan for the development of her property portfolio. She had some money from inheritance that she knew she wanted to invest and based on her preferences she wanted to purchase high quality units in the center of Cardiff and obtain the best professional tenants for the long term. We helped her source and refurbish her first deal in April 2022 and we achieved amazing results:

Property: 1 bed flat in Adamsdown, Cardiff
Purchase Price: 95k
Refurb and Other Costs: 8k
Revaluation after 6 months: 130k
Refinance ( Further Advance): Leaving just 6k in the deal
Rent: 675
Return on Investment : 37.7%

Our Deal – 19a and b new street, aberdare

This deal served us well until both flats became empty in early 2023. We took that opportunity to spend a further £15k on full renovations to both flats and the garden.

We’ve since had it revalued at £140k in July 2023, and remortgaged the following month to help release a further £30k of cash. As such, we’ve now got ALL the money back from our original investments plus subsequent refurbs!

Both flats are now being leased by the asylum seeker charity Clearsprings Ready Homes for £575 pcm per flat, giving us an ROI of infinity as we have no money left in the deal, and an income cash flow of £700pcm after mortgage payments are taken out.

💷 Purchased for £81k in April 2021 using a mortgage with no Early Repayment Charge
👔 Legal, Stamp Duty and title split costs £5k
🔨 Refurb cost £4k on light works as both flats tenanted
👛 Finance Costs of mortgage during works £2k
🧮 Total Costs = 92k
🤩 Revalued at £100k in Jan 2022,
🏠 Also sold the garages at the back for £10k

Remortgaged at 75% LTV, which left just 7k in the deal.

Our Deal – Flat 2, Trevethick Street

Rented on Airbnb for approx. £2.5k pcm. After further advance on the existing mortgage only left £2k in the deal.

This was a direct to vendor purchase , which are always the best deals as often the vendor is desperate to sell quickly and does not want the hassle of estate agents.

As we were finishing off the refurb on the flat below we met the owner of the flat above who happened to be setting up a pharmacy in Dubai and was keen for a cash injection. We made him a decent offer and he accepted straight away.

We completed the transaction in just 5 weeks as promised using a mortgage from The Mortgage Works (TMW).

There was very little to do in terms of a refurb and we just had to change the kitchen and clad the bathroom. We ended up getting more or less ALL OF OUR MONEY BACK out of this 4th deal which again gave us an ROI of over 100%.

If you’re interested in getting into property investment and would like some guidance on where to start then get in touch with me for a free consultation.

Our Deal – Stacey Road, Cardiff

We love multiunit block investments as demand is often low for them, as only investors who know how to finance them can actually purchase them.

This property had fallen through 3 times with other buyers and we came in with a much lower offer but with the guarantee of completion. We delivered on our promises and purchased the property, subsequently refurbishing all of the flats and renting 2 out on Airbnb and 2 to professional tenants.

We had to leave some money in this deal but still our ROI was over 40%. The beauty of this deal is that when our fixed rate mortgage comes to an end we will title split the 4 flats and this will give us a combined value for the building of over £650k which will provide an additional cash injection to the business when we remortgage.

Interested in doing what we do? Then contact us to find out more about our property mentoring service.

Our Deal – Coed Cae Street

💷 Purchased for £227k in Apr 2023
👔 Legal and Stamp Duty cost £11k
🔨 Refurb cost £65k
Holding costs during refurb £10k
🤩 Flats revalued in November 2023 at £175k each and the garage at £25k 

The Garage will be sold for market value and the flats remortgaged at 75% LTV

Total Cash left in the deal £25k

New Mortgage payment ( 5yr fix at 5.19%) £1135 ( both flats on a multiunit product)

Insurance £50 pcm 

Rent for the 2 flats £1990

Net Cash Flow = £855 pcm

ROI = 41%

Our Deal – King Edwards Road

We purchased 3 flats for Sale as one Multi Unit Freehold Block (MUB) for £220k before our refurb, stamp duty and legal costs took the project cost up to £300,000. A local agent then valued the building at £320,000 as a MUB as the only buyers for such blocks are experienced investors who want a very high yield of 9%-11%. However, we noticed that individual flats like these were selling for £130k to £160k in the immediate area on 125-year leases.

We got an architect to do drawings of the building (professional fees of £1,000) and paid a solicitor a further £1,500 in legal costs to draw up 3 x 125 year leases and the corresponding paperwork for the title split. We agreed with the lender to do an internal remortgage with no fees and for them to take a charge over the 3 individual leasehold flats. The freehold then got transferred to a separate company (also owned by us – Legal fee £500).

When we got the valuation done by the bank, the surveyor had to value each flat individually and we prepared multiple direct comparables for him. He valued the flats as we proposed (Flat A – £130K, Flat B – £130K, Flat C – £150k). The remortgage was based on a combined value of £410k and we therefore took the borrowing up to 75% ltv = £307,500. This reimbursed us for all of our initial costs and the costs of doing the tile split

We therefore got 100% of our money back out of the deal and made a profit of over £80k just for the title split element of the deal. Note how for a 6-month refurbishment we only made £20k of value.