Flip — Buy, refurbish, sell

A flip is a short-hold strategy: you buy a property below market value, refurbish it to a standard the open market will pay a premium for, and sell within six to twelve months.

What makes a flip work

A purchase price low enough to absorb refurb costs, holding costs, agents' fees, conveyancing, and stamp duty while still leaving a meaningful profit. A target buyer who values the finish you're delivering. A clear understanding of local sold prices.

Costs to model

Acquisition (stamp duty + legal), refurbishment, holding costs (council tax, utilities, insurance, finance), sale (estate agent + legal), and corporation tax on the profit if structured through a company.

Common pitfalls

Refurbs running over budget or schedule. The market softening between purchase and sale. Specifications that don't match what local buyers want.

Where Elaman packs help

Flip-flagged packs include comparables for the projected sale value, refurb costs broken into line items, all holding costs assumed, and a sensitivity table at ±10% on the achieved sale price.