Sea Front Westgate

A seafront block of six flats with additional land to the rear, offering both immediate income and future development upside. The project focused on light refurbishment and refinancing to recycle capital efficiently.

Investment Thesis

• Strong coastal rental demand with lifestyle and commuter appeal

• Low refurbishment requirements relative to uplift achieved

• Additional land providing future planning optionality

Key Facts

• Units: 6 flats

• Purchase Price: £975,000

• Bridging Loan: £750,000

• Refurbishment Cost: £30,000

• Total Project Cost: £780,000

• GDV: £1.35m

Value-Add Strategy

• Light refurbishment to enhance presentation and rental demand

• Professional management to stabilise income

• Retention of rear land for future development potential

Risk Management

• Minimal refurbishment reduced cost and timeline risk

• Conservative refinance valuation assumptions

• Multiple exits: hold, partial disposal, or future development

Following refurbishment, the property was refinanced, releasing capital in excess of total project costs and enabling reinvestment into further blocks.

Ongoing Performance

• Net Rental Income: £1,800 per month (£22,000 p.a.)

• Long-Term Upside: Rear land development potential