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

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

Shower cubicle added to 1st floor bathroom with acoustic insulation

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

Originally Bedroom 4

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