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.

Lanark Road - Under Offer

Our property at Lanark Road is located in the historic conservation village of Juniper Green, just on the outskirts of Edinburgh. The property is an old farmhouse style property, with the ground floor converted into a commercial property and the two upper floors as a maisonette. The property we purchased covers the first and second floor and is a large three-bedroom, three public room maisonette. 

Stage 1

While at first glance the property appeared relatively well maintained internally, unfortunately the previous owner had neglected many of the larger repairs required to the property. Firstly the property’s roof had been leaking for many years, causing damp and ultimately multiple areas of dry rot. The first job was to overhaul the roof to ensure the property was water tight. Following this we used a reputable rot specialist company to treat the dry rot throughout the property. 

Once these essential repairs were completed, it was time to start on the inside of the property.

Before
After

Stage 2

We involved our architect following the initial external works to see how we could maximise the usability of the space within the property. The property only had one bathroom located in the vestibule area, therefore we converted a dressing room off the master bedroom to a main bathroom. All bathrooms required replacement, as did the dated heating system. The electrics had been updated in places but to ensure the property met our standards for sale (and as a backup plan, for rent), we fully rewired the property. 

Once the bigger jobs of the property were completed, we were on to the more cosmetic renovations we all love to see the before and after pictures of! We replaced the kitchen with a modern shaker kitchen, and fully redecorated throughout in neutral tones. We also pulled out the slightly retro fireplace and replaced it with something more in line with current trends.

Before
After

Stage 3

We’re firm believers in staging properties for sale. Staging a property can turn it from a relatively blank canvas into something eye catching. We fancied trying something different for this project: virtual staging. You may, or may not, be able to tell but the property was staged virtually! We think the computer generated images of the furnishings in the property made an incredible difference to the feel of the property, and really opened our eyes to what the property could look like with the right finishing touches. The property was put on the open market but luckily didn’t stay for sale for long… we accepted a fantastic offer after one week on the market!

Before
After