Case Study: Redland
After the passing of her father, a client inherited a one-bedroom, ground-floor flat. The property required attention, and the client sought guidance on its potential value and how best to maximise it.
Renovate for Sale prepared a detailed marketing report, which included valuations both in its current condition and projected valuations following refurbishment. At the client’s request, we also provided a comprehensive quotation and schedule of works to restore the flat to a premium standard, with the aim of achieving a significant increase in value.
Here’s what happened:
Original value: £160,000
Renovation cost: £18,300
(funded by Renovate for Sale)
Value after renovation: £200,000
Renovate for Sale fee
(20% of uplift minus renovation cost): £4,340
Final Numbers
Final funds received by owner: £177,360
Additional profit achieved: £17,360
Percentage increase: 11%!
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