By Matthew Gunn

Moving out of the property in Mount Florida I bought another refurbishment property on Forth Street, Pollokshields.  We managed to get this one £5k under the home report having missed out on a few others, it was a bizarre property with a standard two-bedroom layout out upstairs and then a staircase led to a downstairs storage area that was really wasted.

To make use of this space we removed a wall and supported it with a goalpost frame as well as created an internal en-suite and walk-in wardrobe area by moving a doorway and creating ventilation and pipework for the en-suite.
Architects drawings, Structural Engineer assessment and a Building Warrant were required for these adjustments

 

Basement / Master Bedroom at Forth St after renovation works
En-suite bedroom created from what was previously a storage cupboard

It needed a lot of work throughout but this was done over time whilst I was living there, almost everything that could possibly go wrong in a flat did at this property.

I learned a lot of valuable lessons including how to deal with mice, internal condensation, damp, cracked and damaged walls and so forth.  As of today it is currently under offer and has received an offer well in excess of the Home Report, though it was a lot of work it was ultimately a good buy, the experience of renovating this property myself was invaluable

Another two bedroom property on Victoria Road made a good profit, we bought and sold this within two years without doing any work.  It was rented for £700 pcm and made around £25k profit, the housing market helped here.

Using the profits from these sales and with some extra investment we decided to buy more buy-to-let properties.  We focused on properties that needed a bit of work but could be bought at a reasonable value.

We purchased a two bedroom on Maxwell Street which was rented for £1,000 pcm.  Having been recently valued and with minimal work this has gone up around £20k in value.

A two bedroom on Howard Street, a two bedroom on Buchanan Street and a one bedroom in Merchant City now complete our portfolio.  Every property has been renovated to some degree and all of them have appreciated significantly in value.

Click Here to see how Gallus Property can help with short-term letting properties

Wilson St prior and post refurb

 

Having been made redundant at the end of 2018 and having some of the properties in the portfolio managed by letting agents and short-term rental companies I decided to pursue a career full-time in property management.  Using the experience of purchasing, renovations, selling and letting I decided I had the required experience and knowledge to do a superior job to many of the agencies which I believe lacked the knowledge and skill in property to manage.

So Gallus Property was born, and brings the knowledge of being a property owners to Landlords.  Starting with short-term rental management we have now expanded into traditional lettings even property investments.

We believe there is a gap between Landlords and their Letting Agents which Gallus can fill.  We operate a ‘No Hidden Fees’ policy and clear pricing structures so that Landlords are safe in the knowledge that their Property and investments are safe in our hands.

Click Here to see what Gallus Property can offer to Landlords as a Letting Agent or for Investments