Complete renovation with a snazzy bathroom!
St Ives, Cambridgeshire (Myrtle Green)
Client Testimonial
The Situation
A 3-bedroom semi in St Ives had been inherited but left untouched for over 20 years. Outdated décor, an old kitchen and bathroom meant it wasn’t appealing to buyers. After 7 months on the market with little interest, the property remained unsold.
The Process
We suggested an assisted sale, but the vendor chose to stay on the market. When a buyer fell through, they returned to us ready to proceed. Under the agreement, the vendor was guaranteed £290,000, which matched the asking price. We funded and managed the refurbishments, and once sold, any uplift above £290,000 (minus costs) became our profit.
The works included a full redecoration, a brand-new kitchen and bathroom, a new heating system, and garden improvements to boost kerb appeal.
The Outcome
The property sold successfully after just one viewing, and the vendor received their guaranteed price. With their proceeds, they now plan to pay off part of their mortgage and take a much-needed holiday.
Project Results
Before
- Listing price - £325,000, reduced to £290,000
- Price achieved: Unsold
- Viewings: 22
- Competing Bidders - 0
- Time on market - 7 months
- Renovation time - N/A
- Conveyancing time - N/A
After
- Listing price - £350,000
- Price achieved £350,000
- Viewings: 1
- Competing Bidders - 0
- Time on market - 3 Days
- Renovation time - 2 months
- Conveyancing time - 3 months