Dragon Property

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šŸ” Professional property investment business
✨ Elevating local living with high-quality rentals and sales
šŸ¤šŸ» Working with private investors
šŸ” Love creating quality builds & stunning homes
šŸ™‹ā€ā™€ļøA passionate team helping to create improved rental stock

FEATURE PROPERTY | Jubilee St šŸ”Transformation Tuesday felt like the perfect time to bring this one back up.Jubilee St wa...
12/05/2026

FEATURE PROPERTY | Jubilee St šŸ”

Transformation Tuesday felt like the perfect time to bring this one back up.

Jubilee St was another dated stone-clad property that needed a serious amount of work, vision, and patience to turn it into something worthwhile. From the outside, it looked fairly modest, but the footprint and layout gave us plenty to work with.

The project included:
• Dormer loft conversion
• 3m rear extension
• Full internal reconfiguration
• Removal of the old stone cladding
• Rendered exterior finish
• Creation of 5 studios and 1 ensuite bedroom

By the end of the project, the property was completely unrecognisable from where it started.

Project Numbers:
Purchase Price: £155,000
Fees: £8,000
Funded via bridging lender: £221,000
Build Costs: £139,000
Current Valuation: £415,000
Monthly Income: £3,800

These are the sorts of projects we enjoy most. The tired properties that need proper hands-on development and a clear vision to bring them back to life.

Some projects just make sense from day one.Molyneux Square in Peterborough started as a tight 3-bed townhouse with a gar...
05/05/2026

Some projects just make sense from day one.

Molyneux Square in Peterborough started as a tight 3-bed townhouse with a garage and a lot of wasted space. Great location though, right opposite the park, plenty of parking, and a proper open outlook. The kind of asset you know has more in it.

So we leaned into it.

Full reconfiguration, knocked rooms through, garage conversion, and a 6m extension to unlock the footprint properly. End result came out as a 6-bed HMO with 5 studios and 1 ensuite room, all designed to maximise both space and rental performance.

Simple strategy, executed well.

16-week turnaround, no overcomplication, just making the most of what was already there.

Margins feel very different this year.We’ve been going through a few of our recent deals and, honestly, the biggest shif...
05/05/2026

Margins feel very different this year.

We’ve been going through a few of our recent deals and, honestly, the biggest shift hasn’t really been the market. It’s how little room for error there is now.

A year or two ago, you could get away with being a bit optimistic on the purchase or letting a refurb run over. The market would usually bail you out.

Not anymore.

We’ve had a couple of deals recently where the numbers looked solid on paper, but tighter lending and slower buyers changed the exit completely. Nothing dramatic, just tighter than expected, but enough to make you pay attention.

It’s a good reminder. This market doesn’t forgive sloppy assumptions.

One thing that’s really clicked for us this year is simple

The deal is everything.

We’re spending more time upfront now. Properly digging into deals, looking harder for motivated sellers, being stricter on what we’re willing to pay, and a lot quicker to walk away when it doesn’t stack.

We’re also leaning a bit more into rentals.

We’ve held onto a couple of units we originally planned to sell because the rental demand just made more sense than forcing an exit. It’s not as exciting as a flip, but it’s steady and that counts for a lot right now.

On the build side, we’ve had to tighten things up as well.

Costs creeping up, timelines slipping, that’s where margin disappears these days. Not in big obvious hits, just small leaks that add up before you realise.

Biggest takeaway for us this year

Profit isn’t coming from the market anymore. It’s coming from discipline.

Buying right
Keeping costs in check
And staying flexible on the exit

It’s a different game now, but not a bad one.

If anything, it’s separating the people who are actually operating properly from those who were relying on the market to do the heavy lifting.

It’s always the little jobs people overlook šŸ‘€This front door had built up a fair bit of grime over time, nothing major b...
22/04/2026

It’s always the little jobs people overlook šŸ‘€

This front door had built up a fair bit of grime over time, nothing major but enough to drag down the whole entrance. Quick bit of hands-on maintenance, proper clean, and it’s back to looking how it should.

We’re big on this.

This front door had built up a fair bit of grime over time, nothing major, but enough to drag down the whole entrance. Quick bit of hands-on maintenance, proper cleaning, and it’s back to looking how it should..

We like to keep a close eye on our properties, even if that means getting our hands a bit dirty now and then.

Simple job. Big difference.

Another day in paradise...A small leak, undetected or undisclosed, becomes a big leak and an even bigger problem. Tenant...
17/04/2026

Another day in paradise...

A small leak, undetected or undisclosed, becomes a big leak and an even bigger problem. Tenants don't always realise how important it is to report a leak - no matter how big or small.

This leak was reported just yesterday as water had been coming through the kitchen spotlights.
It was repaired the same day (caused by some missing grout and silicone in the upstairs shower, which could have easily been fixed).
All made safe.

However, today the ceiling cracked.

The builder was called immediately - part of the unsafe ceiling had to be removed. Plus the saturated insulation.

And now we wait for it to dry out fully, get it reinsulated, reboarded, replastered and redecorated.

No doubt, at a cost of approx £1,000, which could have been sorted for £50 if the leak had been reported earlier.

We're just grateful no one got injured and we acted promptly.

As we say, another day in paradise ;)

It’s easy to think once the bed’s in and the walls are painted, job done.But it’s the little bits that actually make a r...
16/04/2026

It’s easy to think once the bed’s in and the walls are painted, job done.
But it’s the little bits that actually make a room feel right. šŸ˜‰šŸ™Œ

Been a while since we’ve posted one of these.This was once a student letting. Pretty standard. Bit tired, bit dark, did ...
07/04/2026

Been a while since we’ve posted one of these.

This was once a student letting. Pretty standard. Bit tired, bit dark, did the job but nothing more.

Now it’s bright, simple, and just feels better to be in.

We didn’t overthink it. Opened the space up slightly, added a small kitchenette, kept everything light, and softened it with a few finishes.

Same room, same size… just treated properly.

It’s always these kinds of rooms that make the biggest difference day to day.

Happy Friday! šŸ™ŒToday was a proper mix of spreadsheets and getting our hands a bit grubby.Started off going through the r...
27/03/2026

Happy Friday! šŸ™Œ

Today was a proper mix of spreadsheets and getting our hands a bit grubby.

Started off going through the rental portfolio P&L. Rents in, maintenance out, utilities creeping where they fancy… the usual. It’s something we do every month without fail, and it’s probably one of the most underrated parts of the job.

Not the most glamorous, but this is where you actually see what’s going on. Spotting where costs are sneaking up, where things are running well, and where you might need to step in before it becomes a bigger issue. šŸ¤“

Then swapped the laptop for a bit of fresh air and got stuck into some of the gardens. Nothing major, just a tidy up ahead of summer, but it makes a difference. Tenants notice it, and so do we.

It’s easy to think property is all hands-off once it’s let, but the reality is that the best results usually come when you stay involved. šŸ˜‰

Enjoy the weekend when it comes šŸ‘Š

One of our early Portsmouth projects and definitely one we won’t forget anytime soon.Extend, reconfigure, and turn it in...
25/03/2026

One of our early Portsmouth projects and definitely one we won’t forget anytime soon.

Extend, reconfigure, and turn it into a 7-bed ensuite HMO.own in March 2020. It already had C4 planning as a 5-bed HMO, but to be honest… it was tired, rundown, and in serious need of a full rethink. 🄲

The plan was simple (on paper):
Extend, reconfigure, and take it up to a 7-bed ensuite HMO.

Reality? A completely different story.

Planning delays dragged on, build teams came and went, materials were hard to get hold of, deliveries were unreliable, and sickness during Covid slowed everything down. One of those projects where every stage tested your patience. šŸ˜¶ā€šŸŒ«ļø

But we stuck with it.

25 weeks later, after a full reconfiguration, a 3m extension, and plenty of problem-solving along the way, it’s now home to 7 working professionals. 🤩

Projects like this are a good reminder:
It’s not just about buying well, it’s about pushing through when things don’t go to plan. šŸ’–

Refinancing used to be the easy win.Lock in a low rate, pull some money out, watch the numbers work themselves out over ...
23/03/2026

Refinancing used to be the easy win.

Lock in a low rate, pull some money out, watch the numbers work themselves out over time.

That’s not really the case anymore. 😬

A lot of investors are now coming off 1–2% deals and stepping into 5%+ rates, and it’s properly changing how deals perform. Same property, same rent… completely different outcome.

And with around 1.8 million mortgages due to refinance this year, it’s not just a one-off situation. It’s happening across the board.

At the same time, rents are still holding up.

Demand hasn’t dropped off, supply is still tight, and rental income is doing more of the heavy lifting than it has in years. But it’s not a safety net for everything - especially not for deals that were already a bit thin.

That’s really what this market is doing.

It’s not crashing.
It’s not booming either.

It’s just exposing what was solid… and what wasn’t. 🧐

Those who focused on strong fundamentals, buying well, adding value, and making sure the numbers worked beyond just cheap finance, are still in a good position.

The ones who relied too heavily on low rates are now having to adjust, quickly. 🄲

It’s a different game now.

Less about leverage.
More about quality.

And if a deal stacks in this market, it’s probably a proper one. 🤩

—

Sources: Bank of England, UK Finance, ONS, Zoopla (2026)

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Peterborough

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