Albion Street — a block of three, reworked into a £1.1m asset

A block of three large three/four-bed flats in New Brighton, purchased for £290k. Rather than hold it as it stood, we reworked the whole block: the two upper floors are now luxury short-lets, while the ground floor is held as a private rental.

The short-lets have since been rated in the top 5% in the UK, and were recently shortlisted to feature in an Airbnb advert — a mark of just how well the spaces perform and present.

We've since spent around £180k on the block itself, lifting the quality across all three units. At the rear, we've secured planning for a further development — a bungalow — with roughly £150k earmarked for the build and a GDV of £350k on that unit alone once complete.

Taken together, the block and the rear development bring the total GDV to £1.1m, all in.

Deal: £290k purchase · £180k spent on the block · £150k rear development · £350k GDV on the bungalow · £1.1m total GDV, all in