HOW WE ANALYSE A PROPERTY INVESTMENT DEAL BEFORE BUYING IT!
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- Опубликовано: 4 авг 2024
- 🏡 Property Investment Analysis: £69,000 Auction Opportunity
In this video, we analyse a current auction opportunity in Hinkley, Leicestershire. This 3-bedroom property, listed at £69,000, has the potential to be worth £200,000 with strategic refurbishment. Join us as we assess this property, determine our maximum bid at £90,000, and provide a comprehensive breakdown of the renovation costs. Our goal is to offer you a transparent and insightful look at how this project could translate into a profitable investment.
🔑 Whether you're an experienced property investor or just starting out, this video is designed to equip you with valuable insights and strategies that can help maximize your returns.
#propertyinvestment #ukrealestate #auctionproperty
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👇ABOUT US
We are Lia and AK, and we're excited to share our journey with you as we navigate the world of property investing, business, and working together as a couple.
AK: I left my corporate job after experiencing mental and physical health issues, and we started our RUclips channel to document our journey as new property investors in 2019 with no upfront capital. Expect weekly videos where we provide project updates, share best practices, money-saving tips, and our learnings along the way.
Lia: With nearly a decade of experience building my own entertainment channel on RUclips from 0 to over 330k followers, the unpredictable nature of a content creator's monthly income took a toll on my mental health. Starting my property journey was my way of future-proofing my income and creating a stable, regular source of revenue. Ultimately, my goal is to build a secure financial foundation for our future family.
Our goal is to make property investing accessible and understandable by sharing our story. We're passionate about inspiring others to take control of their lives, no matter what challenges they may face.
Join us on our journey to achieve a better work-life balance through property investing. We're committed to sharing our experiences, tips, and insights to help you on your own journey.
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Your accumulated experience over the last couple of years really shows in your presentation. Well done!
Thank you very much!
This property is eventually sold for £145,000. 174 Tudor Road, Hinckley, Leicestershire, LE10 0EH. £50,000 more than your calculation.
At the end of the day, they have only used hypothetical numbers, which I think is a reasonable way to approach a deal. They couldn’t make the numbers work at £145k so they would move onto the next deal. My concern is more with the actual end valuation in that the video shows 3 bed comparables at approx 200k but their property will only be a 2 bed once works are completed.
This video is SO well done
Awsome jus come across you guys lovit very informative and to the point, you have done very well and rightly so such what a team your are very lucky indeed… the determination and knowing what you want are off the scale.. wish u all the best
More videos like this please.
Great video!! It's very kind of you sharing the real numbers and the process. TFS.
We enjoy it.
You’re an outstanding RUclips channel.
Great video!👍
Easy to follow your analysis of this property...so straightforward. Plus Lia in a pink jumpsuit is magic!
Proper magic
these videos are so helpful guys!
Glad you think so!
Hi guys great channel congrats enjoying the videos … when choosing locations how do you chose an outsourced building contractor or you you keep to one area and one builder thanks
This video was very informative, but I have a few questions:
1. How is ROI calculated on a flip, please? If you are gaining a profit on your money, then what money is being left in to get a return on? Surely whatever money you’ve put in has been paid back and you have made money as a result. Doesn’t that therefore make it an infinite ROI?
2. You mentioned a DUV of £200,000 but your comparables all showed a THREE bedroom house. Given your works, you’d be changing the house down to a two bedroom, so how would a surveyor be able to justify such a valuation?
great staff
Great video, thanks for sharing! Would be good to see your profit after tax estimate
Hey Lia & Ach. I'm super impressed with how far you've come with investment properties. I'm a complete novice but wondered which is more profitable, flipping and selling property, or rental properties? I would surmise flipping is more profitable. Thanks guys. 😁👍
Hey Vicki, it really depends, rental gives long term cashflow but flipping can give you lumps of capital that will vary depending on the deal :)
Another great informative video. In older homes, asbestos in older building material, mold, rot and salt in concrete foundations are concerns. Remediation of these can be very costly. Not sure if asbestos is a worry there. Contractor costs to rehab the property also seems more reasonable in the UK. Great thing about UK home is many homes there are brick vs wood construction. Good find.
Thanks for watching
Thank you very much for the knowledge.
Please is property data free?
Amazing 👏
Thanks 😄
This couple are the truth! Impressed with how they break it down and even their ideas on how you overhaul the property. Well done guys. Super informative.
Same. Very impressive
What spreadsheet thing are using in your Mac?
Informative video, thanks. Just a question, what property auction online site do you use?
Hi - great video. Very informative for someone attempting to start up. Did you manage to purchase this property?
Hi happy Christmas, and thank you for sharing such an interesting video. Looking at your spreadsheet, this looks to have been a cash purchase, rather than bridging? I am fairly new to investing, my current struggle is in making a deal stack up with bridging, have you made any videos in tackling this yourselves by any chance? I couldn’t see any, but thought I’d ask.
Hi there, rates have literally come down today and I think we will see more and more so you may want to check your numbers again. However, bridging can make a huge difference in the numbers for sure - but will all depend on your DUV on the back end as you could get it all back.
This is so well done. Am I right in assuming you decided against this property for yourselves to add to your portfolio? I just love seeing the transformations you and your teams do.
It sold way over our budget!
Excelent content. Do you also do the management of the refurb? Or have someone manage it for you? Thank you
Yes we manage the refurb however we have used project managers also.
That could be a very nice family home once refurbished. Good luck with your bid.
We didn’t get it. It went for 145k in the end!
@@PropertyCouple Wow ... good luck to whomever won the bid. Maybe they are DIY'ers and don't lose their shirts. Or hopefully someone wanting to make it their home and just work on it as they go. At any rate y'all are on to bigger and better things. ↗
Great vid, subscribes. How about taxes on selling?
One for another video!
Interesting property for its price. Hope you get it. Q: You mentioned extending the conservatory into the kitchen area. If you are going to add new structure for this extension, what about adding a second floor above and extending the bedroom/bathroom area? Would it be a cost/benefit keeping the property a 3 bedroom unit with an upstairs addition?
Hi John, it's all about the numbers really. A two story extension would very likely mean the costs rise significantly that it may be hard to make a profit. There will be a ceiling where people won't pay more than a certain amount for the area if that makes sense.
@@PropertyCouple Thanks for the reply. Yes it does make sense. I was just curious if that was possible. Hope you get it, would make an interesting series to your channel.
Any chance of getting hold of your spreadsheet?
Maybe stupid question. Concerning the roof repair on terrace houses, do you only repair just above your house or more if say there’s a problem with the roof right next to yours?
Only above your house!
Do you have to pay council tax if it’s a refurbishment I thought the council didn’t charge on a flip or a refurbishment. Great insight kind regards James 😊
Yes you do unfortunately….
The US Realtor Association charges too much here. One to two percent sounds more reasonable. While there are discount services, it’s not the norm, and I wish it would change.
I think in the future selling agents will no longer be needed.
What makes a profitable renovation is some of the smaller, poorer towns of the UK?
Would spending a lot on renovation (e.g. patio in garden, en suite bathrooms, etc.) make the property too expensive for people who would like to buy or rent in that area?
Did you get an answer for this question outside this channel? Please share your answer if you did. Thanks.
Hey lia.
Insurance for 12 months, £6000?
Can you please explain what type of insurance is this.
How did you purchase this auction deal, bridging finance or OPM?
This is just an estimate based on a recent quote we had. We also didn’t purchase this as it went over our max price.
@@PropertyCouple
So Alimonfared comment 4 months ago was spot on😂
❤ Having been a Realtor who specializes in selling bank-owned/foreclosure properties to investors who would flip them and give me the listing of the fixed homes, you could NOT have done a better 20 minute version of the process!! I give you 12 out of 10 for content with #Britishhollywoodvibes.
You will never get that deal at 90k and sorry to say that not how you analyse a deal and do a flip. Please don’t teach people this as they will definitely loose money!!!!!!!!
Show us how to do it on your channel?
@@Slynell1 he is right. This property is eventually sold for £145,000. 174 Tudor Road, Hinckley, Leicestershire, LE10 0EH.
@haha4581 if it sold for that amount how much profit have they made from the extensive refurbishment? Seems their figures were inaccurate 😂
Does buying at auction not allow you the time to get a Surveyor or did you just choose to take the risk here?
You can have your own surveyor go round at your cost before it goes to auction.
I wanted to ask about the survey too! I am sure @propertycouple are experienced enough to make this decision for themselves. However, in my personal experience, a survey should be carried out 'especially' for an auction property (more so if we are beginners). Once the offer is accepted, the fee has to be paid, even if we spot problems with the property afterwards and decide to pull out of the sale.
This property is tiny and only bathroom is a tiny one at the back of the kitchen. What were they thinking when they built this? In the US this would be a two bedroom or one with an office/den, not a three bedroom, and no closets!
The uk houses are built very different because we are a small island with limited space.
where is this cheap auction fee? - 6000 or 3000 i usually find...
👍🚀🚀
I’m curious what has become of this project. Did you buy? Stay tuned.
I’m very impressed with the cost; purchase, refurbishment etc. Here in Florida (our area) it’s near impossible to find a home under $300,000. Our neighbors just had a quote on just a fence around their small lot 10,000! Great video guys. ~Cara 😊
It was sold for 145k. Way over what we would pay. Thanks for watching 😃
@@PropertyCouplebrilliant approach. Had it sold for 90k, it would have fallen into your planned analysis. It sold way over and you move on to something else.
Nice approach 🙂.
99% of any house within 50 miles of me is going to be worth exactly what it's worth weather or not it's in bad condition the valuations are all blown out the water there's a bubble and it's going to pop
Hope you and your family and friends are ok after Bomb Cyclone Storm Ciarán hit the UK.
We barely noticed it where we are. Thanks for checking in.
First 8 seconds no they need to see the inside I have been in property for 20 years.😂