WOLLATON - 2018

Wollaton, Nottingham, NG8

  • Purchase price: £223,560

  • House type: Detached

  • Bedrooms: 3

  • Refurbishment cost including fees: £83,498

  • Total cost: £307,058

  • Revaluation: £335,000

  • Rental: £1,000 PCM

  • ROI: 9.10%

  • Yield: 4.46%

  • Equity creation: £27,941

  • Time: 22 Weeks

  • Refurbishment work involved: New structural support to existing brickwork, new lintels installed internally and externally, new patio door created, new windows in places, new joist and sub floor, sub floor ventilation, damp proofing, stud walls, loft insulation, new plaster boarding throughout, new kitchen and bathroom including underfloor heating, new staircase, new central heating system, electrical re-wire.

  • Objective: To create a structurally sound property approved by the council as habitable.

Exit Strategy: Rental

Time on Market: 2 Weeks

Week 22
Week 22

Front

Week 1 - Kitchen
Week 1 - Kitchen
Week 13
Week 13
Week 12
Week 12
Week 1 - Bedroom 1
Week 1 - Bedroom 1
Week 22
Week 22

Staircase & Doors

Week 1 - Bedroom 2
Week 1 - Bedroom 2
Week 22
Week 22

Kitchen / Diner

Week 7 - Living Room
Week 7 - Living Room
1/4

Investment Summary

"Our own bespoke online portal ensured I was always kept updated. I continue to work with Brighter Investments as they fully manage the property now that it is rented out."

John Hughes - Nottingham 

Watch the end of project review here