
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.










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