Key Metrics Showcase of this property
Woodley, Reading
Identifying the Need for a Porch Extension
The challenge was clear: the front entrance lacked sufficient space for hanging coats and removing shoes. This led to clutter and discomfort for the homeowner and their guests. To address this, we proposed extending the porch to create a dedicated area for these essential tasks.
Streamlined Planning and Approval Process
Navigating planning permits can often be a lengthy and complex process. However, with meticulous preparation and thorough attention to detail, we ensured all necessary information and arrangements were ready before submission. This proactive approach led to a swift approval of the planning permit, keeping the project on track.
A Functional and Welcoming Addition
The completed porch extension has become a valuable addition to the home. It now provides ample space for guests to remove their shoes, store footwear, and hang coats. The client expressed immense satisfaction with the outcome, appreciating both the functionality and the enhanced curb appeal of their home.
Bey to Let
| Purchase Price | £ 348,000 |
|---|---|
|
Expenditure numbers |
75%LTV |
|
Stamp Duty |
£ 10,440 |
|
Solicitor fee |
£ 2,000 |
|
25% Deposit |
£ 87,000 |
|
Mortgage arrangement fee |
£ 1,000 |
|
Refurbishment cost |
£ 16,500 |
|
Total Purchase Cost |
£ 116,240 |
| Cashflow number - Annual | £ 348,000 |
|---|---|
|
Rental |
£ 18,960 |
|
Mortgage |
£ 10,428 |
|
Management fee (10%) |
£ 1,896 |
|
Voids & Maintenance (5%) |
£ 948 |
|
Total Cashflow |
£ 5,688 |
|
Current Gross Yield |
5.45% |
|
ROI |
4.86% |
Buy, Refurbish, Refinance
| Purchase Price | £ 348,000 |
|---|---|
|
Expenditure numbers |
75%LTV |
|
Stamp Duty |
£ 10,440 |
|
Solicitor fee |
£ 2,000 |
|
Mortgage arrangement fee |
£ 1,000 |
|
Refurbishment |
£ 16,500 |
|
Total Purchase Cost |
£ 377,940 |
| Buy, Refurbish, Refinance | |
|---|---|
|
Gross Development Value (GDV) |
£ 425,000 |
|
Money left in the pot |
£ 47,060 |
|
Capital gain |
22.13% |
Creating Space for Everyday Comfort
This project highlights how thoughtful design and planning can solve practical challenges while adding value to a home. If you’re considering a similar upgrade, our team is here to help turn your vision into reality.
