17/09/2026
🏚️ From Overlooked Auction Property to £1.69M Asset
Solways sat at auction and was largely overlooked.
We saw something different: a substantial property in a high-value area of East Devon, sitting on a fantastic plot with large front and rear gardens.
We bought it for £508,000, with just 28 days to complete.
Within those 28 days, we:
🏢 Created two new companies
📐 Produced plans for five leasehold titles
🏡 Completed the lender valuation
📋 Completed the lender's independent monitoring survey
✂️ Title split the property into five flats
All completed in time for auction completion day.
Not for the faint-hearted but the work paid off. Our Day 1 valuation was £1.2m having done NO work.
Over the next 12 months, we fully refurbished the building.
Buy. Refurbish, Rent Out & Refinance.
The final numbers:
🏡 Purchase: £508,000
🔨 Total project cost: £1,018,167
📈 Final value: £1,690,000
♻️ Investor capital returned: 100%
💰 Profit released (WITHOUT SELLING): £98,952
🏠 Annual rental income: £112,800
📊 Net annual cash flow: £40,381
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