HMO with en suite flat
48 Clarence Place
Reconfigured to a seven bed en suite HMO with a separate two bed flat.
Purchase price
£220,000
Cost of works
£190,000
GDV
£625,000
Profit
£215,000
Key features
- 7 bed HMO with en suites
- 2 bed en suite flat
- Rents £75k
- Full refurbishment
What the property was
An underused property in a strong rental location.
What changed
Reconfigured to a seven bed en suite HMO with a separate two bed flat.
What value was created
A higher yielding asset with clear operational structure and durable specification.
Before and after
Before
After
Profit figures shown reflect GDV minus core project costs. Additional acquisition costs, finance costs, professional fees, tax and investor specific costs may vary and are not included in these high level illustrations.