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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%

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