Our standard investment  model is to do flips (buy for resale) in cities and focus more on rentals in the neighbouring towns where we can serve growing families who are looking for space, garden area and more competitive rents. We however decided to try a different strategy with this property which we got at a decent price, because our research showed there was a higher than average owner occupancy rate in the area. This was a signal that there was a greater demand for house purchases than rentals and we subsequently tailored our strategy accordingly, even though the property was in a small town.

 The 2 bed mid-terraced house, with views of the beach had been lying empty for some time and required refurbishment throughout. It took a while to complete the purchase due to some overhanging legal issues, and we nearly pulled out but eventually all the paperwork was completed and we commenced the makeover straight afterwards. We modernised the property with new contemporary fittings throughout, new double glazed windows and boiler, replaced the roof and renovated it completely all within five weeks from purchase.