Fire-Damaged Property Acquisition and Reinstatement in Sheffield
£265,000 · 11 months · 1.05% pm. An investor acquired a fire-damaged mid-terrace in Sheffield at auction at a fraction of its reinstatement value.
The Client
Investor
The Challenge
An investor acquired a fire-damaged mid-terrace in Sheffield at auction at a fraction of its reinstatement value. The extent of damage required a structural survey before a precise schedule of works could be prepared, which ruled out most lenders.
Our Solution
Doulton underwriters reviewed the structural survey, agreed the reinstatement scope, and advanced £265,000 in tranches as works progressed. Insurance reinstatement cover was in place before completion.
The Outcome
Full structural reinstatement completed in eight months. Property tested on the open market and sold within two weeks at full market value, repaying the bridge comfortably. Key highlights: Fire-damaged property accepted post-structural survey; Insurance reinstatement cover confirmed; Sold at full market value within two weeks of marketing.