Project: Cross Lane

Newport, Isle of Wight

Acquired at auction for £152,100 all-in, this asset was sourced directly from a housing association disposal and targeted for an intensive value-add flip. The property required a comprehensive cosmetic overhaul and modern remediation, including full wallpaper and carpet stripping, mould abatement, upgraded electrical works, and complete surface preparation across every room. A brand-new contemporary kitchen was installed alongside high-durability modern flooring, while external interventions focused on removing a decayed timber hot-tub deck and restoring boundary fencing to maximise usable outdoor amenity space.

Delivered to a turnkey, move-in standard tailored specifically to first-time buyers and buy-to-let investors, the property was initially tested on the open market at £220,000. Responding decisively to early buyer feedback, the asset was repositioned with a revised pricing strategy of "offers over £210,000". This triggered immediate engagement, resulting in a vetted, proceedable buyer securing the property at an agreed £211,000. On an all-in refurbishment and holding spend of £12,100, the project concluded with a net realised profit of £46,800, generating an outstanding 28.5% return on invested capital over a 7-month key-to-key timeframe.

Purchase Price (inc. fees)
£152,100
Acquired at auction, BMV
Total Project Spend
£12,100
Full Refurb
Total Invested Capital
£164,200
Purchase + Total Spend
GDV (Gross Development value)/Realised Sale
£211,000
On market sale with guide price of £210,000
Net Realised Profit
£46,800
Realised cash return (after legal & estate agent fees)
ROI
28.5%
Net profit ÷ Total Invested Capital
Project Duration
7 Months
Key-to-key timeframe

"Procrastination

Kills Dreams"

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