PROPERTY TO RENOVATE

Are you on the hunt for a project? Whether you're looking to flip it for a fast return or convert it into a rental property, we can help you secure an amazing deal.

WHY INVEST IN A RENOVATION PROJECT?

Purchasing a property that needs renovation can offer a chance to acquire something that would typically fetch a much higher price if it were in good condition.

When you find the right property, this approach can be a highly profitable investment. It enables you to buy below market value, renovate, sell for a quick profit—if managed correctly—or generate a steady income by renting it out.

WHAT TYPES OF PROPERTIES DO WE OFFER?

We provide opportunities across a range of residential properties, from small apartments to large detached houses.

When we identify properties with potential for flipping, we often share these with our investor network.

That said, there are certain types of properties that tend to be particularly suitable for renovation projects, including:

  • Properties facing repossession

  • Properties with structural damage

  • Fire or water-damaged properties

  • Inherited properties

ARE THERE OTHER FACTORS TO KEEP IN MIND?

Buying off-market can be a bit different, so the process may not be what you're typically used to. When you work with us, we’ll strive to make everything as smooth and straightforward as possible, but there are a few key differences you should be aware of compared to a traditional sale:

  • Detailed photos or brochures may not always be available, as these are usually created by estate agents. However, we always aim to provide photos of the property whenever possible.

  • Off-market deals often move much faster than standard sales, so be ready to act quickly if you find the right property.

  • Sellers might prefer cash buyers, allowing for an immediate purchase without the waiting time for mortgage approval.

KIND OF PROPERTIES WE BUY FOR RENOVATION

We source properties of various sizes and types, catering to a wide range of investors. Below are just a few examples of the kinds of properties we acquire:

Interior of a fire-damaged house with exposed wood framing and burnt walls.

Properties with fire and water damage

Fire and water damaged properties can present a great investment opportunity, though they come with their challenges and require substantial renovation to restore them. These properties are often priced well below market value, offering the potential for significant returns once renovated.

Cluttered room with bookshelves, boxes, and renovation materials.

Repossessed Properties

Repossessed properties are appealing to property investors because they are available at a reduced price and typically offer quicker transaction times. Additionally, they present opportunities for adding value through various diversification options.

COMMON QUESTIONS

Got a question about investing in properties that require renovation and haven’t found an answer yet?

No problem! We’ve gathered some of the most common questions we receive and provided answers for you below:

Rustic kitchen with blue cabinetry, wooden dining table, vintage stove, and hanging plants.

Inherited Properties

Beneficiaries of inherited properties are often motivated to sell quickly, leading to faster turnaround times for property investors. As a result, these properties are typically priced Below Market Value and may be in less-than-ideal condition – making them ideal for strategies like Refurb to Flip or BRRR.

Abandoned room with peeling walls, damaged ceiling, and debris on the floor, featuring a broken window and minimal light.

Structurally Damaged Properties

Properties with structural damage represent a niche in property investing that carries significant potential rewards, as well as risks. These properties are available at steep Below Market Value prices, providing room for creative improvements and higher returns, but they also involve complex renovations and unforeseen costs.

  • It depends on whether the property is deemed habitable, meaning it has a functioning bathroom and kitchen. If that's the case, then yes, you can qualify for a traditional mortgage.

  • It’s generally considered an industry guideline that the most you should pay for a property is 70% of its value after renovation.

    For instance, if you're eyeing a house in poor condition and similar properties on the street are valued at £100K, the maximum you should offer would be £70K.

    This isn’t a hard-and-fast rule, so it's essential to conduct thorough research beyond this guideline.

  • Yes, house flipping can still be a highly profitable strategy, as long as you find the right property and have the necessary skills, patience, and knowledge to execute it successfully.

  • We handle numerous properties that require renovation and often sell them to house flippers. Our top piece of advice is to have a clear understanding of your budget and your ability to complete the renovation within the expected timeframe. Delays can be expensive and severely reduce your profit margin.