Alfreton Road - 2021

Nottingham, NG7

  • Purchase price: £175,000

  • House type: Terrace house

  • Bedrooms: 4 Adding 2 more to make 6 

  • Refurbishment cost including fees: £84,010

  • Total cost: £270,727

  • Re-valuation: £420,000

  • Rental: £3,504 PCM

  • ROI: 55.14%

  • Yield: 14.41%

  • Equity creation: £149,273

  • Refurbishment work involved: New kitchen extension, new bedroom by splitting x2 rooms into x3 on 1st floor, x3 ensuites, bathroom & full rewire to include 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: 12 weeks

Investment Summary

Kitchen
Kitchen
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Kitchen RSJ
Kitchen RSJ
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Kitchen Extension
Kitchen Extension
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Bedroom 1
Bedroom 1
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Kitchen Extension
Kitchen Extension

Ballast upto DPM

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Kitchen Extension
Kitchen Extension

Insulation Inserted

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External Drainage
External Drainage

New Drainage for ensuite bedroom waste

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Living Room
Living Room

New TV Feature

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Bedroom 6
Bedroom 6

Ensuite

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405 Alfreton Road, Nottingham.jpg
405 Alfreton Road

405 Alfreton Road

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