Mortimer Road – London:
Company is currently on site for the repair and refurbishment of the Victorian property, which includes fill decoration, new heating system, new bathrooms and toilets throughout. Repairs will include damp removal and mold to walls within the property, before intended sale in late summer 2024.

Property provides access to the shops, cafes, restaurants and bars on Chamberlayne Road and College Road with green open spaces of Queen’s Park close by. Transport links include Kensal Green (Bakerloo & Overground) and Kensal Rise (Overground).

Property in Scotland:
45- High Street – Hawick.
Photographs of refurbished unit consequence sold on open market.

https://tribeckagroup.co.uk/wp-content/uploads/2022/08/45-High-St-Hawick.pdf

We are committed to developing one off situations for single residential improvements, and we will buy your properties for cash.

The following developments are some of our smaller refurbishments where we acquired properties – refurbed or converting them into a habitable state:

Edinburgh Property:
Acquired Edinburgh property for refreshment and eventual ABNB occupancy. 5/2 Fishmarket Close, High Street, Old Town, Edinburgh, EH1 1RW.

https://tribeckagroup.co.uk/wp-content/uploads/2022/05/Fishmarket-Edinburgh.pdf

5/2 Old Fishmarket Close. Highstreet, Old Town, Edinburgh EH1 1RW

Property Locality:

Initially the property was not easy to find, as the numbering of the properties in Old Fishmarket Street are not in order.

Old Fishmarket Close is a steep cobbled alley. Opposite to the property they have scaffolding in place. Looking out to the left is a quaint little Bar/Restaurant, which sits alone but looks popular. To the right is the walkway to the main Edinburgh High Street leading to the historical ‘Royal Mile’.

Property description -Two bedrooms.

It has been suggested the property is an 1830’s Listed Building, which means it will no doubt come under the supervision of the Old Town Conservation Area/ World Heritage Centre.

The property is situated on the first floor of the building, there is a communal flight of stairs to reach the front door of the property. The communal area could do with a clean and some fresh paint work. There are three floors to the entire property.

The entrance to the property compromises of a long walkway through the flat, and the hallway is somewhat large in comparison to the actual sizes of the rooms, with large windows and window sills.

The first room you approach is a living room area. The living-room space is big enough to be cosy, and there is a very small kitchen area without a doorway.

The next room on the left is the bathroom, bath/ shower unit toilet and sink, small but accessible. The bathroom has no window. The bathroom could do with updating.

The next door was an electrics cupboard. We could not see a water meter at the property and the property did not have central heating. It had convection heaters/ electric heating in each room. We did not locate a water meter, gas or electricity. The electricity to the property had been switched off. There is gas within the common stairway to suggest gas could be installed in the property.

The room next to the electric’s cupboard is a small single bedroom, followed by a separate double bedroom with a mirrored wardrobe. The last door in the hallway is another storage cupboard.

VHM Solicitors suggestions

• Flat is in a ‘tired’ order but there is no real benefit in refurbishment —
• The property is in a fantastic location
• This property would sell at circa £200,00 and offers over £185,000.
• The market, at present, is very buoyant with demand outstripping supply.
• There is no leasehold or freehold in Scotland – the property is owned outright
• Not worried about the effect of Brexit as there is not enough supply for demand
• Maintenance charges will be established once we move forward with the instructions of the property
• They would expect the property to sell quickly and the interest to be high
• After speaking with the surveyor, they have advised the home report value to come back at £250,000- £255,000.
• Rental Yields -The property would be approximately £1350 per month
• They would suggest an attractive starting price, lower than the home buyer valuation to encourage competition.
• Before the property is marketed, they have the ability to contact a large number of buyers looking for properties like this.
• 92.5% of the properties listed in 2019 have achieved or succeed the home report valuation with an average selling time of 13.5 days.
• They are not worried about the effects of Brexit as the property sales rates have trebled this year in comparison to last year this, at least, is the position now.
• This property would be bought by an investor or a couple who could raise the mortgage.

Suffield Road, London

Due to start refurbishment and repair of property in summer 2024, to bring up to modern property standards including rewiring and installation of central heating system.

Anticipated works will take 3 months and property will be available for sale in early Autumn 2024.

We anticipate a sale price in excess of £350,000.

West End Avenue, London

Anticipated start date Summer 2024.

The property has been damaged owing to flooding and damage is shown in respect of the photos below.

It is anticipated that a comprehensive repair will be carried out, and then the property will be put on the market for sale.

It is anticipated that the sale price will be just under £1 million.

Completion of this should take place subject to the repairs, which are also subject to an insurance claim, and loss adjusters assessment.

The property should be up for sale late 2024.

Thistlewaite Road, London

Property requires major improvements to bring it up to modern standards, including new bathrooms and new kitchen. Also confirmation of new central heating system.

Work on property anticipated late Autumn 2024, and will take approximately 4 months.

It is anticipated the property will be for sale early 2025, with an approximate sale price of £1.25 million.

Ravenswood Road, Balham, London SW12 9PJ

Currently onsite for improvements and repairs to property.

It is anticipated that the property will be put up for sale in the early part of 2024, with an anticipated sale price of £1.1 million.

Noyna Road, London SW17

Refurbishment of the property which we anticipate to conclude by the end of March. This will allow us to go onto the property sometime in mid-spring to complete the repairs, with a view to a sale sometime towards the end of the summer.