Radford Boulevard (RB2) - 2020

Nottingham, NG7

  • Purchase price: £180,000

  • House type: Terrace house

  • Bedrooms: 5 Adding 1 more to make 6 

  • Refurbishment cost including fees: £132,125

  • Total cost: £322,664

  • Re-valuation: £400,000 (SOLD in 2022 Aug £476,000)

  • Rental: £3,030 PCM

  • ROI: 23.97%

  • Yield: 11.27%

  • Equity creation: £77,335

  • (SOLD in 2022 £476,000) - Actual Profit £153,336

  • 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.

  • 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

House 1 v House 2
House 1 v House 2

230 v 232

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Foundations
Foundations

Excavated Foundations

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Foundations
Foundations

Box around main sewer pipe so no cement inserted

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Site Day @ RB2
Site Day @ RB2

Bedroom 4

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Foundations
Foundations
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Bedroom 4
Bedroom 4

Student Site Day

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Exterior
Exterior
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Main Bathroom
Main Bathroom

Split into 2: New Main Bathroom & Ensuite

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Extension
Extension
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Screenshot 2020-04-28 at 12.18.26.png

RB2

RB2

RB2
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230 RB - 6 Bed HMO Extension

230 RB - 6 Bed HMO Extension

01:34
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x2 Article 4 HMO's

x2 Article 4 HMO's

00:28
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APPROVED PLANNING APP

(For the larger kitchen) After House next door had it declined