The Big One : 5 bed HMO
Our biggest investment property refurbishment of 2018, where we stripped the property back to brick and replaced everything. Only one internal wall remained from the original layout which gave us the flexibility to reconfigure the space to create an ideal high end professional HMO layout.
This was the first HMO investment property for us where each bedroom had its own bathroom. Technically we had two off suites, positioned outside the bedrooms but for the sole use of one bedroom/tenant. En suite rooms are always in high demand and we had a waiting list of tenants waiting to view the property before we had finished the refurbishment.
This professional HMO provided a great property investment opportunity to one of our investors who benefited from a great return on this project over a 12 month period.
Purchase Price (incl. all costs): £134,620
Refurb Cost: £65,000
End Value Post Refurb: £200,000
Monthly Rental Income: £2,650
Monthly Costs: £1550
Monthly Profit: £1100
• Back To Brick
• New Central Heating System
• New Electrics
• Kitchen & Living Area Relocation
• 5x New Bathrooms
• New Flooring Throughout