Case Studies: Real-World Solutions for Short Lease Properties

The vision behind Short Lease Property Sales wasn't just theoretical. Our founder, Josh, drew upon his decade plus experience as an estate agent and property investor, recognising solutions that traditional estate agents often overlook. These case studies from his personal journey highlight the significantly better outcomes sellers could have achieved with Short Lease Property Sales.

Case Study 1: Brettenham Road, London - Turning a Setback into a £105,000 Gain

Imagine a tired landlord with an investment flat, hindered by a 71-year lease. Initially, they secured a sale just under £350,000 to a first-time buyer. Sounds promising, right?

The Problem: The buyer pulled out due to the "short lease," leaving the seller months behind and financially worse off.

The Second Attempt: Relisting with the same agent yielded new offers, mostly from first-time buyers, but one from a seasoned investor. Wary of further complications, the landlord accepted the investor's offer of £325,000, despite higher offers on the table. They were relieved when the sale finally went through.

But was this the best they could do?

The Investor's Advantage: That investor was Josh. He then later sold the same flat for £430,000 after extending the lease.

The Short Lease Property Sales Solution: Unlock £105,000 More

If this seller had partnered with us, we would have guided them to market the property with an extended lease from the outset (without requiring them to front the estimated £37,650 extension premium). This would have meant:

• Higher Selling Price: Marketing at Offers Over £425,000, potentially achieving a sale price £105,000 higher.
• Faster, Smoother Sale: Retaining the original buyer and avoiding lost legal fees and delays.

Case Study 2: Fyfield Road, London - Maximising Value Through Strategic Marketing

This beautiful Edwardian conversion flat was eventually sold using a part of the Short Lease Property Sales method. However, the initial agent's lack of expertise meant the seller only realised a fraction of the potential gain.

After languishing on the market with price reductions, the flat was finally marketed to "Cash buyers only" at Offers Over £310,000 with a 58-year lease.

A Buyer Emerges (Josh Again): Drawn to the period features and the large garden, Josh wanted to buy the flat to live in. The catch? He wasn't a cash buyer.

The Innovative Solution: Josh offered to buy the flat and extend the lease simultaneously to secure a mortgage. A price of £308,000 was agreed, with the lease extension costs added. While the seller was happy to finally have a buyer, could they have achieved more?

The Outcome for Josh: He moved in (dog included!) and, with the extended lease, the property was re-valued at over £400,000.

The Short Lease Property Sales Solution: Realise an Extra £90,000+

Had this seller been our client from the start, we would have advised them to market the property with an extended lease. This would have resulted in:

• Significantly Higher Sale Price: Marketing at £400,000, potentially selling for £90,000+ more.
• Quicker Sale, Less Hassle: Finding a buyer much faster, avoiding prolonged time on the market and price reductions while searching for elusive cash buyers.

Is Short Lease Property Sales the Right Path for You?

Do any of these challenges sound familiar?

• Struggling to sell your property?
• Your property is sitting on the market for an extended period?
• You've had to repeatedly reduce the asking price?
• You're stuck advertising to 'cash buyers only'?
• Sales falling through?
• You're losing buyers with them withdrawing offers?
• Your buyers are being turned down for mortgages?

If so, as experts in selling flats with short leases, we can help! Give us a call today to find out how.