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Codicote, Hertfordshire SG4
- 1 bedroom flat
- Minor refurbishment
- Convert into 2 bedroom rental investment
Project details
| Property: | 1 bedroom Leasehold flat |
| Requirements: | Floor plan reconfiguration,re-decoration, furnishing |
| Services used: | Property Development Management, Interior remodelling and Design, Lettings Management |
| Purchase Price: | 94000 |
| Project cost: | 8575 |
| Total Investment: | 102575 |
| Strategy: | Refurbish flat, create second bedroom and let to professionals within 7 weeks. Target yield of 10% p.a. gross |
| Result: | Flat refurbed, 2nd bedroom created and whole flat let to professionals in 4 weeks. |
| Return: | 12% |
