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Hitchin, 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, flooring
Services used: Property Development Management, Construction and Interior remodelling and Design, Lettings Management
Purchase Price: £95000
Project cost: £6000
Total Investment: £101000
Strategy: Refurbish flat, create second bedroom and let to professionals within 4 weeks. Target yield of 8% p.a. gross
Result: Flat refurbed, 2nd bedroom created and let to professionals in 4 weeks.
Return: 13.9% p.a. gross yield

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