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St Albans, Hertfordshire AL4
- 1 bedroom Leasehold flat
- Minor refurbishment
- Convert into 2 bedroom rental investment
Project details
| Property: | 1 bedroom Leasehold flat |
| Requirements: | Floor plan reconfiguration, renovation, re-decoration, furnishing |
| Services used: | Property Development Management, Interior remodelling and Design, Lettings Management |
| Purchase Price: | £130,000 |
| Project cost: | £4750 |
| Total Investment: | £134,750 |
| Strategy: | Refurbish flat, create second bedroom and let to professionals within 5 weeks. Target yield of 7% p.a. gross |
| Result: | Converted into 2 room rental investment within 4 weeks. |
| Return: | 8.5% p.a. gross yield |
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