The Project
A town center-adjacent property underwent extensive renovation as part of a strategic property investment. Through our efforts, the once deteriorated structure transformed into a 4-bedroom residence, each with its own ensuite. This redevelopment not only revitalized the property but also generated substantial rental income, ultimately yielding an impressive 16.63% return on investment. The successful transformation of this HMO not only enhanced the property’s value but also demonstrated the potential for lucrative returns in the real estate market.
Before
Total Acquisition Cost – £136,000
Refurbishment Cost – £95,500
Total Initial Investment – £232,100
After
End Value – £220,000
Money pulled out after refinance – £165,000
Total Money Investment – £79,612
The Results
Annual Gross Rent – £31,260
Rental Net Profit – £9,208
Annual ROI – 16.63%