If you want to have more, you have to become more. For things to change, you have to change. For things to get better, you have to get better. For things to improve, you have to improve. If you grow, everything grows for you.
— Jim Rohn

Glanmore Road - Llanelli

This property in Llanelli fitted beautifully into our “cookie cutter 4 bed” model. The property was so big that we were able to re-arrange the floor plan and convert it from 3 to 4 bedrooms. We also added a new shower room upstairs which added massive value.

Purchase Price: £60,000
Refurbishments: £27,000
Done Up Value: £115,000
Current rental income: £725 pcm


Station Road - Swansea

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Station Road in Swansea is a lovely 3 bedroom house located in the heart of Fforestfach Swansea. This property was secured by our clients and even received a “nil” valuation from the lender. The refurb was challenging to say the least. Severe damp, structural changes and even a few rats to deal with. Above you can see a few of our selected before and after.

Penrhiwtyn Street - Neath

This was another one of our "cookie cutter" properties in Neath. here, again, we ha plenty of floor space and with a simple stud wall we created a 4th bedroom. The house has 3 double rooms and 1 single. Very spacious and in a lovely neighbourhood. The house is now rented to a family for £625 pcm. 

New Valuation: £95,000.00
Rental Income secured pcm: £625
Cash Flow: £292 pcm
Money left in deal: £12,442
All Money out in 3 year 5 months

Purchase Price: £50,000
Refurbishments: £27000
Source Fee: £2000
Buying Costs: £3,380
3 Months Bills: £750


Morgans Road - Neath

This property is situated in a desirable area in Neath, Neath Port Talbot. The property was secured below market value, and just 2 doors down from another project by Source My Property. These we call our "cookie cutters" because we have a strategy which we repeat where a property meets the criteria. That criteria is to convert from a 3 bedroom into a 4 bedroom where the floor-plan allows.

New Valuation: £95,000.00
Rental Income secured pcm: £650
Cash Flow: £311 pcm
Money left in deal: £6,480
All Money out in 1 year 7 months

Purchase Price: £50,000
Refurbishments: £21000
Source Fee: £2000
Buying Costs: £3,3803
3 Months Bills: £750
 


Dilwyn Street - Llanelli

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Our amazing client, and good friend, Jagjeet, is in the Royal Navy and spends a great deal of time on the ships. Us at SMP, all being Ex-Military, have a great connection with Jagjeet and his family. We poured our heart and sole, as we do on every property, into the refurbishment of this lovely 2 bedroom house in Llenelli. The property is now a loveley family home for fantastic tenants. A project enjoyed all around. Our most proud accomplishment was to support Jagjeet whilst he was away. He never had a thing to worry about and returned from operations to a refurbished and tenanted house. 

New Valuation: £85,000.00
Rental Income secured pcm: £525
Cash Flow: £271 pcm
Money left in deal: £16,272
All Money out in 5 years

Purchase Price: £58,000
Refurbishments: £15000
Source Fee: £2000
Buying Costs: £4,370
3 Months Bills: £750


Crymlyn Road - Skewen

Crymlyn Road is a beautiful 3 bedroom house in Skewen, South Wales. The property was extremely dated and required a complete new look. The build team did something totally unique and found an incredible way to add value. It was to open of the kitchen and reception room by taking down a wall. The property was purchased at £120,000 and after just £15,000 in refurbishments costs has recieved an end valuation of £175,000. 


Sunset Beach Apartments - Snowdonia

Sunset Beach Apartments are based in one the beautiful coastline Snowdonia, North Wales. We managed to secure a huge 9 bedroom terraced property from a distressed seller who was unable to sell. The purchase price was £175,000. After a very long, educational and gruelling refurbishment project we delivered 4 beautiful apartments to the holiday rental market. The build costs where aproximately £370,000 and the end value of the apartments came in a combind £675,000. 


Hill Road - Neath Abbey

Source My Property Lease Option

This is a very special project for SMP because it allowed us to meet our business partners Samantha. Sammie is our tenant buyer in this 3 bedroom house in Skewen, overlooking Neath Abbey. Sammie has spent her own £10,000 on the property and completed a total transformation. She has added immense value by converting into a 4 bedroom! Sammie has secured the purchase of this property from us for £150,000 however by the time she purchases, it will be worth £180,000. 

Our relationship with Sammie has been so successful that we have joined forces and Sammie is now the Director/Owner of Source My Property lettings. She now provides homes, just like her own, to families in South Wales. 

 

Walsall Street - Newport

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We have been watching the Newport market flourish with purchases and no sign of the market slowing down. But securing a property where we could add value was the trick. This opportunity created a joint partnership with Monica Jandu and the Source My Property boys. The property was purchased for £75,000 and after a quick £21,000 refurbishment has been placed back on the market for £125,000. Have a look here!

The project was so much fun we even received a visit from The Property Box YouTube channel.

 List Price: £100,000
Purchase Price: £75000
Refurbishment: £21000
Legals and Stamp: £4130
Bills: £750
Estate Agent Sale fees: £3000
Sale Price achieved: £122,000
Pre-tax profit: £18,120