Terminus Road: 13th June Progress Update
- Matt Baker
- Jun 16
- 2 min read
Updated: Sep 24
Our Brighton-based flip at Terminus Road is nearing completion, though it has taken slightly longer than anticipated due to a few unforeseen snags.
Progress and Delays
The refurbishment works were held up by approximately two weeks due to damp-proofing issues, which have now been fully resolved. The remaining delays are relatively minor but important for achieving the high-quality finish we’re targeting. Custom shutters, ordered to elevate the property’s kerb appeal, are taking longer than expected to arrive. In addition, a small oversight with the radiators (delivered without feet) required a reorder, briefly halting final installation.
Next Steps
Despite these minor setbacks, we expect the property to be fully completed by the end of this week or early next. It will be on the market by the end of June at the latest. We’ve already instructed our chosen estate agent and are aiming for an asking price in the region of £495,000–£500,000. The sales strategy will focus on generating strong interest early, with a goal of encouraging multiple offers and competitive bidding.
Market Position
Our pricing aligns well with comparables. A similar property in the same area sold for £525,000 at the end of last year, although it did benefit from a larger garden. However, our design-led refurbishment and brand-new finishes position this home as highly desirable—arguably more so than the previous sale.
Investor Outlook
The project has been well-managed, with excellent oversight from our contractor and JV partner, Dennis Smith.
From an investment standpoint, the return potential remains strong. The exact return will depend on how quickly the property sells, as we calculate returns on an annualised basis. A quick sale within 6 weeks would yield a particularly high return for our investor. A slower sale would naturally affect the yield, though it still remains a solid outcome.
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