Context: Acquired within the same structurally supported market, with the opportunity to improve underperforming stock and stabilise income.
Metrics:
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Purchase price: £125,000
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Asset type: 16 residential units
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Initial rent: c. £15,000 p.a.
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Stabilised rent: c. £133,000 p.a.
Strategy: Targeted refurbishment and stabilisation
This asset was acquired at a low entry basis, creating strong scope for value improvement through targeted refurbishment and better operational control. The focus was on restoring under-managed units into productive, income-generating condition.
Outcome: The asset was stabilised, tenant quality improved and income performance materially strengthened relative to entry.
Combined Insight:
Combined across both assets:
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48 units
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£775,000 total acquisition cost
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c. £400,000 stabilised annual rent
Positioning Line:
These assets were acquired and improved in a market where demand is supported by long-term defence investment and workforce growth, rather than short-term economic cycles.