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

Entrance into Living Room
Entrance into Living Room

New bedroom to be created

Bedroom 2
Bedroom 2
1st Floor Bathroom
1st Floor Bathroom

Shower cubicle added to 1st floor bathroom with acoustic insulation

1st Floor Bathroom
1st Floor Bathroom
1st Floor WC
1st Floor WC
Kitchen
Kitchen
Bedroom 3
Bedroom 3
Kitchen
Kitchen
Bedroom 5
Bedroom 5

Originally Bedroom 4

1/5