• Loan amount: £189,000
• GDV: £360,000
• Term: 12 months
• Auction purchase

In December 2024, Roma provided the funds for the purchase of two terraced properties included in a Savills auction in November 2024. When it comes to auctions, speed is of the essence. Roma strives to provide FLOW products within 28 days, and in this case, the borrower received funds in an impressive 14 days.

The first property was purchased for £141,000 and the second for £121,000. Both properties required only light refurbishment, which was funded by the borrower.

Located in Leicester, a thriving student town with high rental demand, the two properties will be let to tenants. Both span two floors and have nine rooms between them, and they are only a 20-minute drive apart.

The borrower is projected to make a £100,000 profit, in addition to earning rental income from both properties, making this a very promising investment.

Senior Key Accounts Manager, Daniel Hill, who worked on the project, said, “Auction purchases can be a terrific opportunity for borrowers to make great returns. The property’s locations and conditions helped in this case. This project was smooth and showcases Roma’s speed in supporting auction purchases.”