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Sherbrooke Road - 2019
Nottingham, NG5
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Purchase price: £141,000
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House type: Terraced (Article 4 HMO)
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Bedrooms: 4 (Converted to 5 Bedroom)
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Refurbishment cost including fees: £51,311
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Including Furniture: £59,263
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Furniture: £7,952
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Total cost: £204,819
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Revaluation: £270,000
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Rental: £2,555 PCM
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ROI: 31.82%
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Yield: 15.00%
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Equity creation: £65,180
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Time: 20 Weeks
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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.
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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
New bedroom to be created

Bedroom 2

1st Floor Bathroom
Shower cubicle added to 1st floor bathroom with acoustic insulation

1st Floor Bathroom

1st Floor WC

Kitchen

Bedroom 3

Kitchen

Bedroom 5
Originally Bedroom 4
1/5
Sherbrooke Road
Sherbrooke Road

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New 2.2m Head height
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Nottingham HMO Project
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Sherbrooke Road, Nottingham - HMO Refurbishment
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