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St Albans, Hertfordshire AL1

  • 1 bedroom end of terrace flat
  • Major refurbishment
  • Convert into 2 bedroom rental investment

Project details

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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