A fully refurbished well modernised high-quality 861 sq ft 3 bedrooms Mid-terrace house converted to 4 bedrooms, 2 bathrooms quality shared house for working professionals in a prime location close to town centre in Lincolnshire
These costs include the purchase price, stamp duty, refurbishment costs and relevant adjustments, including the property market value after refurbishment. Station underwent a full refurbishment project lasting 14 weeks. The highlights of the refurbishment include a new modern kitchen, bathroom, conversion of downstairs toilet to modern bathroom, conversion of upstairs bathroom without a toilet to en-suite bathroom, Installation of insulation wall to the external walls and DPC. Improvement of EPC of the property from energy rating F to C.
◾ Purchase price: £67,500
◾ Cost of Purchase + Refurb + Set up: £55,200
◾ Market Value after Refurb: £120,000
◾ Monthly Rent: £1,840
◾ Monthly Cash Flow: £1,012
◾ Strategy: Passive Income (HMO)
◾ Return on Investment (ROI): 37%
