Opportunities, released to a list
Live deals go to registered investors, not to search engines. What is on this page is the shape every pack arrives in — three of them, in full, with figures that are illustrative and arithmetic you can check.
Three deals, as they arrive
One available, one reserved, one completed — the three states a deal on the board can be in. Everything below the photograph is what a registered investor sees on the first screen of a pack.
SampleTwo-bed mid-terrace
- Asking
- £285,000
- Refurb
- £24,000
- GDV
- £340,000
- Gross yield
- 6.4%
Probate sale, vacant, and priced to move. The work is a kitchen, a bathroom and a rewire — nothing structural, which is what makes the refurbishment figure a number rather than a hope.
SampleThree-bed mid-terrace
- Asking
- £470,000
- Refurb
- £68,000
- GDV
- £610,000
- Gross yield
- 5.4%
A full refurbishment with a rear extension already consented. The uplift is in the extension and the loft, and the consent is the reason the end value is defensible rather than optimistic.
SampleFour-bed semi
- Asking
- £325,000
- Refurb
- £85,000
- GDV
- £470,000
- Gross yield
- 9.5%
Converted to a five-room licensed HMO. The yield is the highest of the three and so is the management — this is not a hands-off purchase, and the pack said so before it was bought.
None of the three is a live listing and none of them names a street. The numbers are illustrative, but they are not decorative: gross yield is the annual rent divided by the asking price plus the refurbishment, and the uplift is the gross development value less the same total. Both reconcile from what is printed on the card, which is the standard every real pack is held to as well.
What each figure actually means
Sourcing has a vocabulary and it is used loosely almost everywhere. Here is exactly what we mean by each word, so that when you compare our packs with somebody else's you are comparing the same things.
- AskingThe price the property is currently on the market at. Where it is an off-market introduction we say so, and give the vendor's expectation instead.
- On the card
- RefurbPriced from a schedule of works with London Mile — line by line, not a rate per square foot applied to a floor plan.
- On the card
- GDVGross development value: what the property is worth with the work done, evidenced against recent comparable sales rather than against asking prices.
- On the card
- Gross yieldAnnual rent divided by the asking price plus the refurbishment. Gross, not net — your costs are yours, and we will not guess at them.
- On the card
- UpliftGDV less the total going in, in pounds and as a percentage. The simplest number on the sheet and the one worth checking first.
- On the card
- ROCEReturn on capital employed. It depends on your loan-to-value, your rate and your fees, so a figure for it on a public card would be somebody else's assumption wearing your name. It is computed in the pack, against yours.
- In the pack
Is this for someone like you?
Most of what we source sits inside these lines. A mandate is written per investor and can sit outside any of them — this is here to answer the question you actually arrived with, not to be a price list.
- Price band
- £180k – £750k
- Strategies
- BTL · BRR · HMO
- Areas
- East London, Essex, North Kent
- Refurbishment
- Up to £90k
- Options per mandate
- Three
- Turnaround
- 10 – 14 days
Tell us the strategy, the budget and the areas. If it is not something we can find, we will say so on the call rather than in three weeks' time.