Case Studies

Pelham Road, Norwich

2-bed refurbishment to the north of the city

This property at Pelham Road in Norwich was sourced through an Estate Agent. We completed the purchase within 28 days of being shown around! The property was vacant and we put together a refurbishment schedule.

The plan was to strip it back and start again, with a new kitchen, bathroom and complete refurbishment.

The works took 5 weeks, which was slightly longer than planned, but the plasterer had hurt his back, so we had to get someone else in to finish the plastering.

Financial Summary:

  • Purchase Price: £126,000
  • Refurbishment/Renovation: £21,400
  • Legals and Other Costs: £8,000
  • Sold Price: £180,000
  • Profit: £24,600

We put the property back on the market with the same Estate Agent that we bought it from, and sold it quickly, with vacant possession to a Buy-To-Let investor.