Projects

Broad Lane

First Project. The Broad Lane Project was a standard conversion of a three bed terrace house into a four bed HMO; with one room having an en-suite bathroom. The lower living room was converted into a bed room while the Kitchen and back lounge were combined to create a kitchen and dinning room living space.

This property required a complete refurbishment to include a new kitchen, bathroom, the removal of two wall in order to increase the size of one bedroom and the kitchen, an en-suite, as well as new carpets and floor coverings.

Even with a few minor weather delays, this property was completely renovated in just under two months to high standards. The design is modern and in demand; resulting in all four bedrooms being rented out in less than two weeks. Fully let out, this property will produce an annual income of £17,680 and cash flow of at least £4,667 per annum.

Financial Overview
Purchase Price	£91,500
Purchase Costs	£11,109
Cost of Refurbishment	£34,725
Total Capital	£137,334

Monthly Rental Income	£1473.33
Monthly Costs	£626.43
Monthly Cash Flow	£846.90
Generated ROI	7.4% (before refinancing)

Fitzwilliam Street

Joint Venture Project. The Fitzwilliam Street Project was a unique project in that it was two houses on one title. The main house is a five room (4 large and 1 small) home that will be converted into a 4 bed HMO with three ensuites and one out-suite bathroom. The second house was a Single room that required minimal renovation and was put on the market as a Single Let with in 1 month of work beginning.

The renovations on this property will be straight forward with the major works being the inclusion of 3 ensuite bathrooms.

When completed, this property is expected to generate an annual rental income of £24,700 with an annual cash flow of £11,079

Financial Overview
Purchase Price	£150,000
Purchase Costs
Cost of Refurbishments
Total Costs

Monthly Rental Income
Monthly Costs
Monthly Cash Flow
Generated ROI