Case Study

Property: North Marine Road, Scarborough.

Property Type: Freehold containing x4 one bedroom apartments.

Purchase Price: £125,000.00.

Cost of Works: £57,000.00

Estimated GDV: £280,000.00

We sourced this off market property for one of our clients, direct to vendor. This freehold was in need of refurbishing to be able to let, located in a desirable area close to the town centre and with stunning views out over the cricket pitch.

Once refurbished, the property was valued at £300,000.00! Our client then re-mortgaged the property. This meant that they had none of their own money left in the deal, and now have a healthy rental return of over £22,000.00 per annum!

Check out before and after pictures of the works below, if you like the look of this case study and would like to find out how we can help you achieve similar returns then contact us today to discuss.



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