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Unmodernised properties haven't been updated for years – they usually have very dated kitchens, bathrooms and overall decorative scheme and are in a poor condition.
On our Unmodernised sourcing list we look for on-market opportunities that match this description, and also properties with the potential to extend, convert outbuildings or otherwise add value.
Buying unmodernised property in order to renovate / extend it, and then resell it or let it is a popular property investment strategy.
To find repossessed properties with PropertyData, first click the 'Unmodernised' option in the Sourcing menu at the top of the site.
The easiest way to search is with your home postcode, and enter the maximum distance you would travel to view or manage an investment property – particularly bearing in mind that you may be managing a building project!
Note how the result counter just below the input box changes to show the number of results found as you adjust the radius.
Another way of searching is to create a saved local area and then search for opportunities within that area.
Once you click 'Search', you will be presented with the results grid:
Using our de-duplication algorithm, each property should appear only once, even if it is listed with multiple agents or on more than one portal.
Clicking on an individual opportunity will show you our fact sheet with all the information we have for about that property.
Options at the top allow you to Filter the results, adjust the radius, sort the results, or view in different formats such as table or on a map.
You can also enable email alerts, so that you can be notified daily of new properties in this category.
In the top right you'll find two of the most advanced functions.
The 'Intersect from list' button allows you to find properties which are on more than one of our lists. Consider, for example, looking for Unmodernised properties near a good school – a good way of ensuring reliable tenant demand – or Unmodernised properties with Planning granted.
'Exclude from list', on the other hand, allows you to eliminate properties from another list. You might want to look for Unmodernised properties that are not for sale by auction, for example.