Burradon Road, Newcastle

Project Overview

This 2 bedroom flat was purchased at auction for £57,000 after going unsold multiple times at previous auctions due to an inflated guide price. As the sellers became increasingly motivated to sell quickly, we secured the property at a significant discount. The flat underwent approximately £5,000 of refurbishment works to resolve a minor rising damp issue, alongside internal redecoration and a kitchen upgrade. The property now operates successfully as a fully furnished self-catering accommodation.

Strategy Used

• Auction purchase below market value
• Light refurbishment
• Serviced accommodation setup
• Capital appreciation focus

Results & Outcome

By securing the property at a discounted price and completing targeted refurbishment works, we significantly increased both the capital value and rental performance. The property now generates strong monthly income as a fully furnished self-catering accommodation while benefiting from substantial capital uplift.