Unmodernised and distressed property is for investors who will force value through works: a cosmetic lift, a full refurb, or a BRRR (buy, refurbish, refinance, repeat). The purchase price has to leave room for the budget, holding costs and a refinance or sale that still makes sense.
BRRR vs a simple project
BRRR only works if you buy cheap enough to fund works and still refinance at a sensible LTV. A “doer-upper” with no refinance plan is just a refurb. Read BRRR property investment and unmodernised property.
What to check before you offer
- Finished value minus realistic works — not a best-case Instagram renovation.
- Structural, damp, roof and services. Get a surveyor on anything load-bearing.
- Planning, building control and, if you will let it, licensing after the works.
- Finance: cash or bridging at purchase, then the refinance product lined up early.
We source discounted project stock and expect the listing to separate price from works. You still do the due diligence.
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