About Property Lobe
Property Lobe is an easy-to-use calculator and log for property investors
Offering a simple and intuitive user experience, Property Lobe allows real estate investors in the UK to quickly and easily estimate the costs of flips and BTL projects.
Start with purchase price, then compare to the DUV
The chicken-and-egg situation
If you have been trying to calculate your own deals by starting with the done up value and reducing all costs to reveal your maximum offer price, you may have felt unsure about the value of those costs which depend on your offer price, such as stamp duty and interest amount. So you need these costs to calculate your offer price, but you need your offer price to calculate these costs. That's what we call the chicken-and-egg situation. To avoid it, we reverted the process...
Done up value is crucial
Just before we explain our process, let us say that we are true believers that done up value is the single most important figure when working out a deal - without it, it’s virtually impossible to assess if any deal is a go-for-it or a no-go. So, the importance of the done up value remains the same, we are just moving it around in the calculations.
We twisted the process...
In Property Lobe, all costs are calculated based on your suggested purchase price. We sum them up to reach the estimated total deal cost. This number can then be compared to your researched done up value to give you an indication of uplift/ buffer.
Play around with your purchase price
In a competitive market, your offer price can be decisive on getting or losing a deal. With Property Lobe, you can easily adjust the purchase price and estimate the impact on your deal's total cost. This way, you can have a better idea of how increments on your offer, even if small, could impact the uplift when you compare it with your researched done up value.
