Price and History Chart™: This feature provides an instant snapshot of a property’s past, offering valuable insights that give them an edge when negotiating with agents.
Pipeline-style CRM System: It helps them stay organised and laser-focused, ensuring they never miss an opportunity.
Nisha, who doesn’t consider herself very tech-savvy, loves the simplicity of the software:
“It’s easy to use, everything is on one page, and it’s all systemised.”
One standout deal they sourced through Property Filter was Project 101W, a prime example of their ability to find and execute highly profitable deals. The property, a three-bedroom house, had been sitting empty for some time and had gone through multiple agents due to failed sales. It was eventually purchased as a probate sale for £265,000.
Before
Jas and Nisha saw the potential and used their expertise, along with Property Filter’s tools, to convert the house into a seven-bedroom HMO, including one studio with its own kitchenette. The total project cost, including all works and fees, came to £512,000. Notably, they improved the energy efficiency of the property, achieving an EPC rating of B by installing solar panels.
After
The project faced opposition from the local community, but with persistence, they gained planning committee approval despite 16 objections. After the conversion, they secured a post-works valuation of £770,000, which has since generated a net cash flow of £21,000 annually.
Purchase Price
£265,000
Works
£200,000
Other Costs
£47,000
Total Costs
£512,000
Cash Needed (investor funded)
£312,000
Post Works Valuation
£770,000
Cash Released
£380,000 (All money out + £65k)
Net Cashflow
