Case study
Project Honey
BRR investment and refurbishment
Our projects
Real properties. Real projects. Real results.
Every property has a story, and no two projects are the same.
From buy-to-lets and BRR investments to full property refurbishments, here's a look at some of the projects we've completed across the North West.
Project Honey | Buy, Refurbish, Refinance
We sourced this property for a London investor and managed the refurbishment through to completion.
The work included a new kitchen, internal refurbishment, improvements to the frontage and driveway, and upgrades to help improve the property's energy efficiency.
We originally worked towards a valuation of £150,000.
The completed property was valued at £160,000, which was £10,000 above the original target.
£160,000Final valuation
£10,000Above original valuation target
Actual Project Honey figures, not projected returns. Every property is different and results are not guaranteed.
Understand the numbers
The numbers need to work before the property does.
We assess each potential investment using relevant information such as:
- Purchase price and buying costs
- Refurbishment budget, where applicable
- Comparable property values
- Estimated rental income and rental demand
- Potential refinance valuation, where relevant
- Costs, risks and investment strategy
We put the information together so investors can review the opportunity and decide whether it fits their plans.
SPF deal summary
Project Honey
- Purchase price
- £95,029
- Buying costs
- £7,300
- Stamp duty
- £4,751
- Refurbishment budget
- £33,000
- Total project cost including finance, holding and refinance costs
- £144,842
- Estimated rental income
- £1,000 pcm
- Refinance valuation
- £160,000
- Money left in after refinance
- £24,842
Figures from the Project Honey deal breakdown. Each opportunity comes with its own figures for you to review before you decide.
Completed projects
More of our projects
BRR
Lytham Road
Preston, PR4- Cash in
- £31,468
- Cash left in
- £9,718
- Gross yield
- 7.63%
- Net income a year
- £9,540
- Return on cash employed
- 35.80%
- Total return on cash
- 87.25%
BRR
Carsluith Avenue
Blackpool, FY3- Cash in
- £55,296
- Gross yield
- 7.56%
- Net income a year
- £3,002
- Return on cash employed
- 29.16%
- Capital growth (4% a year)
- £5,400
- Total return on cash
- 81.61%
BRR
Crofton Avenue
Blackpool, FY2- Cash in
- £73,570
- Cash left in
- £24,842
- Gross yield
- 7.50%
- Net income a year
- £4,344
- Return on cash employed
- 17.49%
- Total return on cash
- 43.25%
Figures are from the deal breakdowns given to each investor. Capital growth is an assumed 4% a year, not a forecast. Every property is different, returns are not guaranteed and past results don't predict future ones.
Want to see the numbers behind our projects?
We have detailed case studies available on request for our completed projects.
These include purchase costs, refurbishment budgets, investment figures and final outcomes, so you can see the work involved and understand the numbers behind each project.
Ask us about our case studiesLooking for your next property investment?
Whether you're considering a buy-to-let or a BRRR opportunity, we'd be happy to discuss what you're looking for and how we could help.
Book a free 15-minute call