What is a Turnkey Property?

Turnkey Property: A Comprehensive Guide

Turnkey Property Unveiled

In the bustling UK property market, the term ‘turnkey property’ stands out. It’s a home that’s been fully refurbished and is ready for tenants the moment you get the keys. It’s the epitome of convenience in property investment.

How a Turnkey Property Works

From Purchase to Profit: The journey begins when an investor identifies a property, often undervalued due to its condition. After the acquisition, professional teams step in, transforming it to modern living standards. Once the refurbishment is complete, the investor has the choice: rent it out for a steady stream of income or sell it at a higher market value.


What is a Turnkey Strategy?

Beyond the basic buy-refurbish-rent/sell model, the turnkey strategy is about maximising returns with minimal hassle. It involves:

  • Sharp Market Research: Pinpointing properties with the most potential.
  • Smart Budgeting: Considering both purchase and refurbishment costs.
  • Collaboration: Working with trusted teams to ensure refurbishment quality.
  • Efficient Management: If renting, having a solid management strategy is key.

The Allure of Turnkey Investments

The appeal is clear:

  • Swift Returns: With the property ready to go, rental income or resale profits can be realised quicker than traditional property investments.
  • Modern Appeal: The properties, refurbished to contemporary standards, naturally attract potential tenants or buyers.
  • Transparent Costs: While the initial investment might be higher, you’re often spared unexpected renovation expenses down the line.

Pros and Cons of Turnkey Investments


  • Streamlined Process: The journey from purchase to profit is often smoother.
  • Time Savings: Bypass the lengthy renovation phase.
  • Predictable Outcomes: Fewer surprises in terms of costs and timelines.


  • Premium Pricing: You pay for the convenience.
  • Market Risks: As with any property, market values can fluctuate.
  • Quality Assurance: Ensuring the refurbishment meets your standards is crucial.

Navigating the Turnkey Terrain

Success with turnkey properties will depend on two main factors:

  1. Ensuring the quality of the refurbishment and…
  2. Staying attuned to the local property market’s pulse

In Conclusion

Turnkey properties are carving a significant niche in the UK property market. They offer a unique proposition: modern living combined with investment convenience. As always, thorough research and strategic planning are the cornerstones of success in this arena.


Picture of Bobby Turner

Bobby Turner

Market research, writer & property specilaist for Zoom Property Buyer. Over 10 years in property sector. Previously at WhatHouse?