Case Study: Pembrokeshire
A local developer passed away, leaving an estate comprising eight tenanted Buy-to-Let properties, each with varying lease lengths. The beneficiaries, residing overseas, wished to liquidate the assets.
Renovate for Sale prepared comprehensive reports detailing property valuations, rental yields, tenancy agreements, and potential renovation uplifts.
Following their instructions, we oversaw renovations as properties became vacant and managed the subsequent sales.
Throughout the process, we successfully managed the portfolio, maintained clear communication with tenants, and assisted them in securing new homes—all at no additional cost—while leases naturally expired over several years.
Here’s what happened:
Original value: £870,000
Renovation cost: £365,000
(funded by Renovate for Sale)
Value after renovation: £1,852,500
Renovate for Sale fee
(20% of uplift minus renovation cost): £123,500
Final Numbers
Final funds received by owner: £1,364,00
Additional profit achieved: £494,000
Percentage increase: 57%!
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