Project Overview
Assisted Sale and Joint Venture Refurbishment in Kent
This project involved a three-bedroom residential property in New Romney, Kent, which had been severely damaged by previous tenants. The landlord was approaching retirement and no longer had the time or energy required to refurbish the property or manage further lettings.
The vendor required a fast, certain exit without the disruption of a prolonged sale process. Jaox structured a solution that addressed both the condition of the property without the landlord having to fund works
The Structured Solution
Key elements of the solution included:
1. Assisted sale structure agreed to provide certainty of price and outcome
2. Mortgage payments supported during the project period
3. Immediate access granted to undertake refurbishment works
4. Full refurbishment, including rebuilding an existing extension
5. Joint venture funding used to deliver the works
6. Dual exit strategy built in from the outset:
-Sale following refurbishment, or
-Conversion to a long-term lease option, providing the landlord with a secured rental income for three years
This approach ensured the landlord was supported throughout while maintaining flexibility around the final outcome.
Key Numbers
Returns Delivered Through Structure and Partnership
- Deposit Required: £0
- Total Capital Invested: £40,000
- Estimated Profit: £30,000 - £35,000
- Strategy: Assisted sale with JV funding and dual exit
By structuring the transaction carefully and partnering with an investor, Jaox was able to transform a distressed, unsaleable property into a high-quality family home, while delivering certainty for the landlord and strong returns for capital partners.
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