Key Metrics Showcase of this property
Enhancing the Bathroom: From Bathtub to Modern Shower
The client’s vision for the bathroom was to replace the traditional bathtub with a sleek and practical shower tray. This upgrade not only modernized the space but also made it more functional and tailored to their daily needs.
Upgrading Heating for Comfort and Efficiency
A significant portion of the project focused on modernizing the heating system:
- Underfloor Heating on the Ground Floor: The existing radiators were removed and replaced with underfloor heating, providing even warmth and a clutter-free aesthetic.
- Combi Boiler Installation: The original boiler and water tank were replaced with a combi boiler, ensuring improved efficiency and freeing up space within the house.
These changes enhanced both comfort and energy efficiency, setting the stage for a cozy living environment.
Bey to Let
| Purchase Price | £ 385000 |
|---|---|
|
Expenditure numbers |
75%LTV |
|
Stamp Duty |
£ 14,250 |
|
Solicitor fee |
£ 2,000 |
|
25% Deposit |
£ 96,250 |
|
Mortgage arrangement fee |
£ 1,000 |
|
Refurbishment cost |
£ 21,000 |
|
Total Purchase Cost |
£ 134,500 |
| Cashflow number - Annual | 75% LTV |
|---|---|
|
Rental |
£ 19,800 |
|
Mortgage |
£ 11,544 |
|
Management fee (10%) |
£ 1,980 |
|
Voids & Maintenance (5%) |
£ 990 |
|
Total Cashflow |
£ 5,286 |
|
Current Gross Yield |
5.14% |
|
ROI |
4% |
Buy, Refurbish, Refinance
| Purchase Price | £ 385,000 |
|---|---|
|
Expenditure numbers |
75%LTV |
|
Stamp Duty |
£ 14,250 |
|
Solicitor fee |
£ 2,000 |
|
Mortgage arrangement fee |
£ 1,000 |
|
Refurbishment break down |
|
|
Underfloor heating |
£ 3,500 |
|
Décorating |
£ 1,200 |
|
Garden redesign |
£ 11,500 |
|
New carpet |
£ 1,300 |
|
Refitting bathroom |
£ 3,500 |
|
Total refurbishment cost |
£ 21,000 |
|
Total Purchase Cost |
£ 423,250 |
| Buy, Refurbish, Refinance | |
|---|---|
|
Gross Development Value (GDV) |
£ 445,000 |
|
Money left in the pot |
£ 21,750 |
|
Capital gain |
15.58% |
A Home Tailored to Modern Living
The garden was transformed to become a welcoming outdoor retreat:
- Fencing and Flooring Revamp: All the old fencing and floor tiles were removed and replaced with modern materials for a polished look.
- Artificial Grass Installation: Half of the garden was covered with low-maintenance artificial grass, providing a lush, green aesthetic all year round.
This redesign balanced functionality and visual appeal, creating an inviting space for relaxation and entertainment.
Revitalizing the Garden: A Blend of Natural and Artificial Beauty
This refurbishment project highlights how strategic updates can align a house with the unique needs and tastes of its owners. From energy-efficient heating systems to practical outdoor spaces, every aspect was designed with care and precision.
Your Vision, Our Expertise
Are you planning a refurbishment to transform your house into your dream home? Our team is ready to bring your ideas to life with tailored solutions and expert craftsmanship. Let’s build your vision together.
