Eastbourne Gardens, Cramlington

Project Overview

This 3 bedroom, 1.5 bathroom, 120sqm property was purchased at auction for £60,500. The client who purchased this property chose to undertake the refurbishment works themselves. The estimated refurbishment cost would be approximately £5,000 to achieve a buy-to-let standard, or approximately £15,000 to achieve a serviced accommodation standard. At a buy-to-let standard, the property is expected to be revalued between £110,000–£120,000.

Strategy Used

• Auction purchase
• Value-add refurbishment
• Buy-to-let strategy
• Capital growth uplift

Results & Outcome

This project demonstrates how purchasing below market value at auction, combined with light refurbishment works, can significantly increase both rental yield and capital value. The property now represents a strong buy-to-let investment opportunity with solid appreciation potential.