Deal Figures


Purchase Price:
£200,000

Renovation Costs:
£45,000

RICS Valuation Post Refurb:
£325,000

Estimated Profit*:
£70,000

*Cost of finance not factored into profits at this stage, however legal fees and stamp duty deducted before profits estimated.

Daisy Terrace

We’re delighted to show you our latest project at Daisy Terrace in the conservation area of Shandon in Edinburgh. The property its-self is a one-bedroom ground floor colony flat located in the Flower Colonies at Shandon, and it’s bursting with character. For anyone who doesn’t know about Colony properties, these rows of beautiful lower and upper apartments were built in the late 1800s for skilled workers. The Colonies were known to be bustling areas with a real sense of community, and this is still the case to this day.

The previous owners occupied the property for a long time (around 50 years). So the first job was to strip out the property – carpets, textured wallpaper, bathrooms and the kitchen. This gave us a blank canvas to start working with.

Box-room to Kitchen

We purchased the property as a one-bedroom colony flat but spotted the potential to convert it to a two-bedroom flat. The property benefitted from a large walk-in box room which was accessed from the hallway. We converted this box room into the kitchen and were delighted with the finished result (not to mention the kitchen’s functionality).

The previous kitchen was stripped out to leave a good-sized double bedroom. We thought having this property set up as a two-bedroom flat would appeal to many buyers looking in this price range in the area. The room would also be perfect for other uses depending on the buyer – a guest bedroom, a dining room or even a home office.

Before
After

Wash-room

The old WC was stripped out and modernised with a tiled floor, half-height wall tiles and an LED mirror.

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After

Master Bedroom

The master bedroom is a really good size in this property and benefits from all-day sunlight with its south-west facing windows. And what a difference with the walls skimmed, painted with a lovely Farrow and Ball colour and the original floorboards sanding and brought back to life.

Before
After

Livingroom

Part of taking on a project with as much character as this property had, was to enhance the original features. Therefore, rather than removing any original features, we thought it was best to restore them where possible.

When we pulled up the carpets in the property, we found the original fireplace hearth in the living room. While a small number of the tiles in the heart were slightly cracked, we thought it still looked great and decided to keep this original feature but with a modern twist. First, we lined the chimney and installed a wood-burning stove, which is always a huge attraction when selling a property.

We were very fortunate with the condition of the original floorboards in the property, so we sanded and lacquered the original flooring for it to be enjoyed for years to come. We think it looks
fantastic!

The cornice throughout the property and ceiling rose in the living room were also in excellent condition, so our decorator worked his magic freshening these up.

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After

Old Kitchen to Bedroom Two

Because we were able to put the kitchen into the big box-room off the hallway, this allowed us to remove the old kitchen and add a second bedroom and add significant value to the property.

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After

Shower-room

The bathrooms needed some attention but thankfully, no structural changes. We picked a modern yet timeless look for the bathrooms and maximised light in these rooms by fitting LED mirrors and replacing the old patterned glass in the doors with modern frosted glass. In addition, by replacing the glass in the door frames, we could increase natural light in both rooms while keeping the original doors in the property. Once the property went on the open market, we were amazed at how many viewers complemented the bathrooms.

Before
After

If you’d like to find out more about investing with us, check out our investor brochure by clicking the button below.

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