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% |