The HAMLET CHALLENGE: The Smarter Way to Quickly Assess & Stack a Deal to Work Out Your MAXIMUM OFFER PRICE

One of the most common questions property investors ask is, how much should I offer for this property? The Hamlet Challenge turns that question around by starting with the end value and working backwards to find an indicative maximum offer price. In Episode 122, Gareth Morgan shares a simple framework introduced to him by his old mentor and friend Dixie Walker. Designed as a quick first-stage assessment, it can help investors filter refurbishment opportunities before spending hours on deeper due diligence. In this episode, we discuss: ·       Starting with the end value or GDV rather than the asking price. ·       Applying an expected refinance figure, using 75% LTV in Gareth's example. ·       Deducting refurbishment costs and the wider costs of the project. ·       Working backwards to an indicative maximum purchase price. ·       Using the calculation to decide whether a deal has enough potential to explore further. ·       Why the Hamlet Challenge should never replace full due diligence, valuation checks or lender criteria. Using Gareth's example, a £200,000 end value, 75% refinance, £40,000 refurbishment budget and £10,000 of other costs produces an indicative £100,000 purchase price for an all-money-out scenario. If you regularly assess refurbishment opportunities, this episode gives you a straightforward way to filter potential deals quickly, start with the end in mind and let the numbers guide your next step. If you're considering your next property investment or refurbishment project and would like to discuss the finance options available, get in touch with the team at Prime Property Finance. Contact us now if you would like to know more Home - Prime Property Finance Disclaimer This podcast is produced by Prime Property Finance, an independent mortgage brokerage. The views expressed are for general information purposes only and do not constitute personal or financial advice. Listeners should avoid taking action based solely on the content discussed and are encouraged to seek advice tailored to their individual circumstances. The information shared reflects the personal opinions of the hosts and any guest speakers and does not necessarily represent the views of Prime Property Finance as a company. Prime Property Finance is not responsible for any losses or actions taken as a result of this podcast. Privacy Policy - Prime Property Finance