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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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