Property number 10 was purchased from the open market with cash for £50,000 in April 2022. The home report value was £50,000.

This property is a first-floor, attic, two-bed maisonette which was in a poor condition and in desperate need of an upgrade at sale. It was clear that flat had been previously owned by a heavy smoker with stained walls and ceilings that needed to be dealt with. This was a big overhaul with lath and plaster ceilings down and several walls stripped back. With a complete re-wire, new central heating system, new bathroom, kitchen, windows, and front door.

Refinanced at £90,000 and left a little money in the deal – Pay back in 20 months at current rent.