We purchased this property for one of our clients and carried out a complete renovation of the property, stripping the walls back to brick, creating a larger kitchen area, rewiring throughout, new boiler and plumbing system and re-decorating.
The project was delivered on time and under budget due to the extensive trade connections that we had ready to start once the keys were handed over. The property was marketed and a tenant moved in 7 days after the works completed.
The client is achieving a Gross Yield of 8.3% and a Return on Investment of 15% Per Annum. We typically advise our clients to hold their investments for a minimum of 10 years which for this property would deliver a 337% return on the initial investment.
