| Property: |
1 bedroom end of terrace flat |
| Requirements: |
Floor plan reconfiguration, damp proofing, new bathroom, re-decoration, flooring |
| Services used: |
Property Development Management, Construction and Interior remodelling and Design, Lettings Management |
| Purchase Price: |
£117,500 |
| Project cost: |
£10,000 |
| Total Investment: |
£127,500 |
| Strategy: |
Refurbish flat, create second bedroom and let to professionals within 2 months. Target yield of 6.5% p.a. gross |
| Result: |
Converted into 2 bed flat and rented in 6 weeks |
| Return: |
9.6% p.a. gross yield |
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