Peach

5 Beds

5 Bath

1 W/C

AN INTRODUCTION

After the success of our first JV project the decision was made to look for a second project that we could do together.

Purchase price: £136,000 | Buying Fees and Stamp Duty: £6,500 | Renovation: £160,000 | Revaluation: £425,000 ROI: Infinite

KEY INFORMATION

Article 4 was now on the horizon in this new investment area and having worked to a stricter timeline to complete our previous project together, we felt confident that a project together in the new area could be easily accomplished.

THE PLAN

Using our repeatable model this was another back to brick residential to HMO conversion allowing the property to go from 2 up 2 down to 5 ensuite bedrooms with communal kitchen/dining/living area.

The property was completely emptied leaving the four walls and roof. The floors were then added with 2.3m ceiling heights rather than 2.7m. This along with a dormer conversion at the rear created enough room for a 2nd floor. Once we had that, it was a matter of adding the stud work to achieve the desired layout.

A kitchen / diner / communal area and bedroom 1 on the ground floor, 2 bedrooms on the 1st floor and 2 bedrooms on the 2nd floor.

Taking the leap

BECOME A MENTEE WITH PERFECT ABODE