A 5 week refurb = a £40k higher valuation

In just over a month, we made this Bristol flat's value increase from £160k to £200,000. See how we did it.
Original Valuation
£160,000
Refurb Cost
£18,300
New Valuation
£200,000
Owner's Profit
£21,700

About this

Redland (Bristol)

project:

Aventria Property’s consultants prepared a detailed marketing report for this one-bed, ground floor flat. Included within the report were valuations of the property in its current condition as well as potential valuations in refurbished condition.

Upon request we provided a comprehensive quotation and schedule of works to restore the property to premium condition and achieve an increase in value.

Before and after photos

The following photos were taken when the property was first valued, and then again once the renovations had been completed.

How we added value

These photos show the property once we'd completed our renovation works on it.

Schedule of Works over just 5 weeks:

Properties
  • Week 1 - Removal of pre-existing kitchen, bathroom and carpets
  • Week 2 - Electrical and plumbing works
  • Week 3 – Installation of new kitchen and bathroom
  • Week 4 – Full redecoration throughout
  • Week 5 - Fitting of new carpets
Valuations
Values
Refurb

TOTAL

Uplift

TOTAL Uplift

TOTAL

Resale
Resale Value

+

£21,700

+25%

Schedule of Works over just 5 weeks:

  • Week 1 - Removal of pre-existing kitchen, bathroom and carpets
  • Week 2 - Electrical and plumbing works
  • Week 3 – Installation of new kitchen and bathroom
  • Week 4 – Full redecoration throughout
  • Week 5 - Fitting of new carpets

The Outcome

Original Valuation
=
£160,000
Cost of Works
=
£18,300
New Valuation
=
£200,000
Owner's Profit
=
+
£21,700
Increase in Value
=
+25%

On completion of the refurbishment works, the property was valued at £200,000, which is 25% more than the original valuation. The final renovation cost was £18,300.

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