Katherine Street, Northumberland

Project Overview

This property was purchased at auction for £39,000 with tenants in situ. A further £5,000 was invested to improve the internal condition of the property and bring the rental income up to market value. Following the improvements, the property was revalued at £75,000. It is currently operating as a long-term buy-to-let rental for a family.

Strategy Used

• Auction purchase with tenants in situ
• Light refurbishment
• Rental uplift to market value
• Capital growth strategy

Results & Outcome

By purchasing below market value and undertaking targeted improvements, the property achieved significant capital appreciation while increasing rental income. This project demonstrates how small investments can generate substantial uplift in both value and yield.