Case Study  ·  Residential Refurbishment

Wishaw TenementFull Refurb.

LocationWishaw, North Lanarkshire
ClientProperty Investor
Duration12 Weeks
Budget£30,000
£85k
Purchase Price
£30k
Refurb Budget
£165k
End Valuation
+£50k uplift on total spend
£1,200
Monthly Rent
All capital recycled out
The Brief

A Tired Flat,Transformed.

A property investor acquired this traditional tenement flat in Wishaw for £85,000 — a dated, tired property with decades of layered décor, outdated finishes, an aged kitchen, and bathrooms that hadn't been touched in years.

The brief was clear: full refurbishment to a high specification, within a £30,000 budget, delivered in 12 weeks. Murphy PM managed the project end-to-end — contractor coordination, programme management, specification, and quality control throughout.

The result was a completely transformed flat valued at £165,000, tenanted immediately at £1,200 per month, with the investor's full capital recycled back out of the deal.

Scope of Works

Everything,Done Right.

✦Full strip-out — carpets, wallpaper and old fittings throughout
✦New central heating — full system, boiler and all radiators
✦Complete plaster skim and ceiling works throughout
✦Full electrical rewire and new consumer unit
✦New kitchen — full design, supply and fit with island
✦New bathroom — freestanding bath, double vanity, walk-in shower
✦Full marble-effect tiling — bathroom floor to ceiling
✦New flooring throughout — LVT to hallway, carpet to rooms
✦Hallway panelling, recessed LED downlights and barn door
✦Internal doors and black ironmongery throughout
✦Feature lighting — wall sconces, pendants, under-cabinet LEDs
✦Full redecoration — walls, ceilings and all woodwork
Before — Condition on Arrival
Dated, Tired, Layered Over Decades.
Original patterned carpets, multiple layers of wallpaper, dated kitchen — the flat needed everything doing.
Property hallway before refurbishment — stripped wallpaper and old flooring, Wishaw flat renovation by Murphy Project Management
Living room before renovation — dated décor and worn carpet, full property refurbishment Wishaw, North Lanarkshire
Kitchen before renovation — old appliances and dark walls, investor property refurbishment managed by Murphy Project Management Glasgow
After — Kitchen
Gloss White Units, Stone Island, Brass Hardware.
Full replacement kitchen — handleless gloss units, black glass splashback, brass handles and tap, dark stone-effect island with smoked glass pendant lights.
New kitchen after renovation — gloss white units, stone island and pendant lights, property refurbishment Wishaw Scotland
Kitchen island with dark stone worktop and brass hardware — investor refurbishment project managed by Murphy PM Glasgow
Gloss white kitchen cabinets with brass handles — high specification property refurbishment, North Lanarkshire
Kitchen worktop, induction hob and black glass splashback — full refurbishment managed by Murphy Project Management Scotland
Open plan kitchen with island — investor property refurbishment Wishaw, project managed by Murphy PM Glasgow
Kitchen side view showing gold hardware and under-cabinet lighting — property refurbishment North Lanarkshire Scotland
After — Bathroom
Full Marble Tiles, Freestanding Bath, Double Vanity.
Floor-to-ceiling marble-effect tiles, freestanding bath with black floor-standing tap, floating double basin vanity, walk-in shower with black framed enclosure.
Luxury bathroom renovation — double vanity unit and freestanding bath, full property refurbishment Wishaw by Murphy Project Management
Freestanding bath with black floor-standing tap — high specification bathroom renovation, investor refurbishment Scotland
Walk-in shower with black framed glass enclosure — bathroom renovation as part of full flat refurbishment, Wishaw North Lanarkshire
Full length bathroom with floor-to-ceiling marble effect tiles — luxury investor refurbishment managed by Murphy PM Glasgow
After — Rooms & Hallway
Clean, Neutral, Move-In Ready.
New carpet, warm-neutral decoration, new doors with black ironmongery, LVT flooring, tongue-and-groove wainscoting, recessed LED downlights and sliding barn door.
Bedroom after refurbishment with feature LED wall sconces — full property renovation Wishaw, Murphy Project Management Scotland
Hallway after renovation — LVT flooring, tongue and groove wainscoting and sliding barn door, property refurbishment Wishaw
Renovated hallway with original Victorian arch, recessed LED lighting and new LVT flooring — Murphy Project Management Glasgow
01 — Programme
12 Weeks, On Time
Full refurbishment from strip-out to final snagging in 12 weeks — programme managed tightly so the investor could refinance and move straight to the next deal.
02 — Budget
£30k, On Budget
Every pound tracked and managed. Specification decisions made with the exit strategy in mind — maximum value, minimum waste, no overruns.
03 — Outcome
All Money Out
£165k end valuation on a £115k total spend. Full capital recycled through refinance — a cash-flowing asset with zero equity locked in.
The Numbers

All Money Out.Zero Equity Locked.

Purchase price£85,000
Refurbishment cost£30,000
Total invested£115,000
End valuation£165,000
Equity created£50,000
Monthly rental income£1,200

What Every InvestorIs Looking For.

This project delivered a full capital recycle. The £165,000 end valuation allowed the investor to refinance and pull their full £115,000 investment back out of the deal — leaving a cash-flowing rental asset with no equity tied up.

Murphy PM managed every element of the refurbishment — from the initial strip-out through to the final snagging walk — keeping the project within budget and on programme so the investor could refinance and move on to the next deal without delay.

The result: bought for £85k, refurbished for £30k, valued at £165k, rented at £1,200 a month — all capital out.

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