Case Studies
4 Bed HMO in Salford
I found and invested in this property which was the usual ‘two up, two down’ The refurb transformed this unassuming terrace to a bright and delightful 4 bedroom HMO with one ensuite.
- Market Value: £85,000
- Purchase Date: January 2013
- Purchase Price: £76,500
- Refurb costs: £33,000
- Gross Rent: £1873 per month after refurb
- Yield 29%
- Value as at August 2017 £130,000
- Value Increase £53,500
Four Bed HMO in Eccles
An unusual layout of two upstairs bedrooms and three reception rooms made this property ripe for repurposing to an HMO. After refurbishment, the property is now an HMO with 4 bedrooms, 2 en-suites, and a shared lounge
- Market Value £90,000
- Purchase Date August 2015
- Purchase price £82,000
- Refurb costs £54,000
- Gross Rent £2003 per month
- Yield 29%
- Value as at August 2017 £160,000
- Value Increase £78,000
Two Bed Apartment In Salford
Purchasing this property which was in need of a little TLC turned into a great investment with a sharp rise in value. A complete refurbishment costing just over £13,000 saw the value skyrocket by £45,500
- Market Value £90,000
- Purchase Date August 2015
- Purchase price £82,000
- Refurb costs £54,000
- Gross Rent £2003 per month
- Yield 29%
- Value as at August 2017 £160,000
- Value Increase £78,000
First Time Investor with £50,000 to invest
This client was looking for an alternative to shares or savings and had £50k cash to invest. I sourced a one bed flat in an area that offered good capital growth potential and good yield.
- Market Value £65,000
- Purchase Date November 2015
- Purchase price £41,500 plus £1000 sourcing fee
- Refurb costs £5000
- Gross Rent £600 per month
- Yield 17%
- Value as at January 2016 £75,000
- Value Increase £33,500