Structuring a Discounted Purchase to Solve a Seller's Tax Deadline
At Bullseye Properties, we understand that sometimes sellers need more than just a buyer they need a solution that helps them meet a pressing deadline. A strong example of this is 23 Beech Grove, Carlton in Lindrick, Worksop (S81 9HP).
The property was originally marketed at £125,000, which was priced too high for the market. When it failed to attract suitable buyers, the seller reduced the asking price to £109,500. After a period of negotiation, we agreed a full cash purchase at £90,000, with the offer accepted on 14 December 2024 and completion on 23 January 2025.
The seller's motivation was clear: they were selling part of their portfolio and faced a significant tax liability if the property didn't sell before a specific date. By acting quickly, we structured the deal so the seller avoided the higher tax bill, meaning the discount we achieved was still worthwhile for them.
After completion, the property underwent refurbishment including replacement windows, new driveway, new internal doors, full redecoration, and other cosmetic upgrades. The improvements significantly increased rental potential, and the property is now let at £850 per month.
This case highlights how Bullseye aligns the needs of sellers with the goals of investors. The seller avoided an unnecessary tax burden and gained certainty of sale, while our client secured a discounted asset with strong rental returns.
We delivered by:
- Negotiating strongly over time to secure a significant discount
- Moving quickly to meet the seller's strict tax deadline
- Overseeing refurbishment to add value and maximise rental income
- Ensuring the property became a strong long-term investment with £850 per month in rent
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