• Purchase price: £150,000

• House type: Commercial - Apartments

• Bedrooms: 1 Bedroom x4, 2 Bedrooms x2

• Refurbishment cost including fees: £238,295 (£259,295 inc Furnishing)

• Total cost: £388,295 (£409,295 inc Furnishing)

• Revaluation: £550,000 (if unoccupied single lets) (£1.5M Valuation as an operating Serviced Accommodation with track record of income)

• Rental: £9,240 PCM

• ROI: 41.64% (based on single lets unoccupied)

• ROI: 286.30% (based on SA with track record)

• Yield: 13.91% (based on single lets unoccupied)

• Yield: 27.09% (based on SA with track record)

• Equity creation: £156,205 (based on single lets unoccupied)

• Equity creation £1,090,705 (based on SA with track record)

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• Time: 68 Weeks

• Refurbishment work involved: New structural support to existing brickwork, new lintels installed internally and externally, new windows to meet planning sound regulations, new joist throughout, new plumbing, stud walls, loft insulation 300mm, 100mm sound insulation new plaster boarding throughout, new kitchen and bathroom, new electric heating system, electrical re-wire.

• Objective: To create a modern finished apartments ideal for the rental market or serviced apartments for short term lets. Positioned for working professionals wanting to be within walking distance of the city centre.
  
   

Exit Strategy: Serviced Accommodation

Time on Market: 0 Days (Over 300 Bookings Made)