View all
testimonials
This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.
The Property
An undervalued Victorian conversion that needed relatively little work to add significant value. The flat was arranged as a studio, but had the potential to be turned into a two-bedroom flat, with the possibility of generating a profit of £75,000 – £100,000.
Area:
Lewisham, South East London
Date:
July 2018
Price:
£277,500
The Brief
Buying for investment – wanted to buy, add value and sell within a year.
Up to £275,000 purchase price
Wanted to make a profit of between £20,000 – £50,000
The Story
The flat was on the market for £285,000 with two estate agents. After submitting a few low offers, the vendor remained adamant that they wouldn’t accept any less than the asking price. Conscious of our client’s tight budget, and keen to leave him with as much money for the renovation as possible, we advised that we should step back from the negotiation for a few days to see if our inactivity would entice a counter offer. As predicted, we soon heard back from the estate agent with a counter offer of £277,500, which our client was happy to accept.
What the client said
"Jamie has helped me on two occasions to find exactly the property I needed. Having someone with invaluable knowledge and experience manage the process, from initial research to picking up the keys, basically meant a stress-free purchase for me."