FROM 14 MONTHS VACANT TO FULLY LET IN 21 DAYS
BackgroundArun Mehta purchased a 3BHK in Hitech City before relocating to London in 2019. His management arrangement fell apart in 2022 β the agent stopped communicating, the property was left with minor damages, and attempts to re-let at βΉ50,000/month attracted zero takers for over a year.
Challenge14 months vacant. βΉ50k asking price misaligned with market. Minor renovation needed. Prior agent had left property in disrepair with no documentation.
SolutionMarket analysis revealed βΉ58β65k was achievable with an βΉ85,000 kitchen refresh. Verta project-managed the renovation, re-photographed, and ran a targeted campaign for IT sector tenants.
ResultSigned lease at βΉ62,000/month β 24% above prior rent β with a senior engineer at a Fortune 500 company. Renovation cost recovered in under 3 months.
βI was ready to sell the flat. Verta turned it into my best-performing asset in four weeks. I genuinely can't believe I waited a year before calling them.β
- βΉ62k β Monthly rent achieved
- 21 days β Days to fill vacancy
- 24% β Above prior rent
- βΉ85k β Renovation investment
- <3 months β Renovation payback