3 bed detached house in Grays, Essex
Reason for sale: The owner was emigrating and wanted a quick guaranteed sale so he could leave on time. Market value: £250,000
Instant equity: £50,000
Purchase price: £200,000
Sold in 6 months at: £235,000
Profit pre-tax in 4 months: £35,000
All within 4 months, we made £35,000 and the owner was able to emigrate (we sold at slightly lower than market value to get a quick sale).
Case study 1
Case study 2
3 bed mid-terraced house in Chafford Hundred, Essex
Reason for sale: Financial difficulties, facing repossession
Market value: £180,000
Purchase price: £145,000
Instant equity: £35,000
Monthly rental profit: £300pcm
The owner avoided repossession and we received a lump sum plus we kept this property and benefited in 2 ways: A massive £35,000 equity in the property and a surplus income of £300 after all costs.
Case study 3
3 bed townhouse in Grays, Essex
Reason for sale: Financial difficulties, needed to pay debts fast
Market value: £200,000
Purchase price: £150,000
Instant equity: £50,000
Monthly rental profit: £250pcm
The owner avoided repossession and received a lump sum plus I kept this property and benefited in 2 ways: A massive £45,000 equity in the property and a surplus income of £600 after all costs.
Case study 4
4 bed terraced house in Southend- On-Sea, Essex
Reason for sale: Tired Landlord, wanted to retire
Market value: £215,000
Purchase price: £195,000
Instant equity: £20,000
Refurbishment Cost: £25,000
Sold in 3 months at: £265,000
Profit pre-tax in 3 months: £45,000
All within 3 months, we made £45,000 and the owner was able to retire and move on.
Case study 5
4 bed detached house in Canvey Island, Essex >
Reason for sale: Repossession
Market value: £200,000
Purchase price: £185,000
Instant equity: £15,000
Refurbishment Cost: £8,000
Sold in same month at: £230,000
Profit pre-tax in 3 months: £37,000
This was a repossession property which needed minor works and was sold in the same month we bought the property.
Case study 6
2 bed end of terraced house Basildon, Essex
Reason for sale: Probate
Market value: £120,000
Purchase price: £110,000
Instant equity: £10,000
Refurbishment Cost: £16,000
Sold in 3 months at: £150,000
Profit pre-tax in 3 months: £24,000
The property was a probate property that hadn’t been lived in for over 7 years. We installed new GCH, new kitchen, new bathrooms, new plastering, new double glazing, rewiring etc.
Case study 7
3 bed mid-terraced house in Grays, Essex
Reason for sale: Tired landlord, problem tenants
Market value: £150,000
Purchase price: £135,000
Instant equity: £15,000
Refurbishment Cost: £10,000
Sold in 3 months at: £170,000
Profit pre-tax in 3 months: £25,000
The owner had a couple of properties, but was tired of problem tenants. In the end we ended up buying two more off him recently.
Case study 8
3 bed semi-detached in Benfleet, Essex
Reason for sale: Divorce
Market value: £250,000
Purchase price: £210,000
Instant equity: £40,000
Sold in 3 months at: £242,000
Profit pre-tax in 3 months: £32,000
All within 3 months, we made £32,000 and the owners were able to move on with their new lives.
Case study 9
3 bed semi-detached in Grays, Essex
Reason for sale: Repossession
Market value: £210,000
Purchase price: £185,000
Instant equity: £25,000
Refurbishment Cost: £12,000
Sold in 3 months at: £230,000
Profit pre-tax in 3 months: £33,000
This was a repossession property through an estate agent. Needed updating.
Case study 10
3 bed mid-terraced house in Grays, Essex
Reason for sale: Financial difficulties
Market value: £150,000
Purchase price: £135,000
Instant equity: £45,000
Refurbishment Cost: £14,000
Sold in 6 months at: £175,000
Profit pre-tax in 6 months: £26,000
This was a run down property that had the same tenant for over 10 years who had kept the house in a very poor condition. Needed full renovation.
Case study 11
Case study 11
Office building with planning for 4 flats
Reason for sale: Auction – Probate
Market value: £270,000+
Purchase price: £260,000
Refurbishment Cost: £80,000
Projected to be Sold in 2015 at £125,000-£130,000 each: £500,000 plus Profit pre-tax in 9 months: £160,000 plus