This back-to-back terraced property was purchased in a state of neglect. A refurb and redecoration put the home back into house and the property has been a successful let ever since, providing a good income for the landlord and a safe, secure home for the tenants.
Purchased for: £55,000
Value now: Around £85,000
Rental income: £495/month
This wonderful family home had been rather neglected. A light refurb, new windows and central heating gave it a new lease of life and created a beautiful light living space.
The property sold within 10 days and created a comfortable £100,000 in profit.
Purchased for: £164,000
Sold for: £265,000
Here is the sequence of how the kitchen was created in one of the two properties.
This large Lake District home had been on the market for some time. It looks like two houses but was in fact one large detached property with eight bedrooms and a higgledy-piggledy layout that didn’t work.
In a joint venture with the vendors, we split the property and garden, renovated and created two fabulous family homes, one two-storey, one three-storey.
Uplift in value: At least £200,000
How do you separate a property? Fire safety, sound insulation and security levels must all be met.
“That’s one property sold, now sniffing the air for the next property!”
Fox and Frank Ltd is headed up by partners and property geeks Izzy and Dean, entrepreneurs with several businesses and a successful property portfolio.
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