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Sherbrooke Road - 2019

Nottingham, NG5

  • Purchase price: £141,000

  • House type: Terraced (Article 4 HMO)

  • Bedrooms: 4 (Converted to 5 Bedroom)

  • Refurbishment cost including fees: £51,311 

  • Including Furniture: £59,263

  • Furniture: £7,952

  • Total cost: £204,819

  • Revaluation: £270,000

  • Rental: £2,555 PCM

  • ROI: 31.82%

  • Yield: 15.00%

  • Equity creation: £65,180

  • Time: 20 Weeks

  • Refurbishment work involved: New bedroom created, New windows & doors, new plastering, new stud wall, new kitchen, x2 ensuites created, brand new radiators, electrical re-wire.

  • Objective: To create a property ideal for the single occupancy to a high standard

Exit Strategy: Rental

Time on Market: 2 Weeks

Investment Summary

Sherbrooke Road

Sherbrooke Road

Sherbrooke Road
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New 2.2m Head height

New 2.2m Head height

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Nottingham HMO Project

Nottingham HMO Project

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Sherbrooke Road, Nottingham - HMO Refurbishment

Sherbrooke Road, Nottingham - HMO Refurbishment

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