Conversion of a 4 bed semi detached house into a 6 bed, 6 bath quality shared house for working professionals
Project: Upper Rice
Numbers:
Purchase
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Refurb & Furnish
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Other costs
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All in
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Revaluation
£87,500โ
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£85,000
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£12,500
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£185,000
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£195,000
Monthly rental โ
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Expenses incl mortgage
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Monthly cashflow
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Gross yield
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Return on cash left in
£2,800
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£1,600
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£1,200
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17.2%
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37.2%
This property has been transformed completely. In order to maximise its value, we shifted the kitchen from ground floor to first floor and remodeled the old kitchen into a bedroom.
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We particularly like that the previous owner already converted the loft, which now serves as the biggest room in this house with plenty of space.
We've also installed 6 en-suites, 1 for every tenant, as tenants prefer their own bathroom over shared bathrooms.
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Now, it is a well performing asset for us that delivers continuous high returns for our investors for years to come.
Works carried out:
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Part roof replacement
Damp proof course
Full electrical rewire
Full interlinked fire alarm system
Full central heating system
Plaster throughout
Relocation of kitchen upstairs
6 en-suites
Decoration and furniture
See us in action.โ
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