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Radford Boulevard (RB1) - 2020
Nottingham, NG7
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Purchase price: £200,000
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House type: Terrace house
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Bedrooms: 5 Adding 1 more to make 6
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Refurbishment cost including fees: £96,128
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Total cost: £309,251
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Re-valuation: £400,000
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Rental: £2,756 PCM
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ROI: 29.34%
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Yield: 10.69%
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Equity creation: £90,748
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Refurbishment work involved: New kitchen/diner/communal extension, diner, new bedroom by removing living room, x3 ensuites, bathroom & upgrade fire alarm panel and emergency lighting.
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Objective: To create a property ideal for the multiple occupancy students to a high standard
Exit Strategy: Multiple Occupancy Rental
Time on Market: 0 weeks (let to Student group before completed)
Investment Summary

Bedroom 3

Bedroom 6

Bedroom 4

Kitchen
Prior to extension under PD

Bedroom 5

Bedroom 2

Downstair WC
Prior to extension being built

Kitchen
Leading to WC prior to extension

Bedroom 2
1/6

Radford Boulevard
Radford Boulevard

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x2 Article 4 HMO's
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230 RB - 6 Bed HMO Extension
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6 Bed HMO - Radford Boulevard
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DECLINED PLANNING APP
(For the larger kitchen)
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