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Case Study 1 – East Anglia, UK
The house began as a 3 bedroom end of terrace house, built in the 1960’s. We purchased the house with cash for 10-15% below market value, refreshed it, made it HMO compliant and suitable for 4 tenants, and then refinanced it onto a 75% LTV mortgage product.
No structural changes were made, just cosmetic and a basic stud wall in the living room. We put a new consumer unit in to future-proof it, and furnished it.
How The Numbers Stacked
Project Details
TYPE
4 Bed Mini HMO
DURATION
4 weeks
CAPITAL
£46,000 Left-in
ROI
24%
Case Study 2 – East Anglia, UK
This house was purchased back in 2016 originally. It was then managed by an agent, before we took it back and rented it out as a single let in March 2020 for just over 3 years.
Fast forward to July 2023 and we’re now refurbishing it to make it back into a HMO. This is a work in progress, so we are documenting the process from start to finish. It will give you insights into how it works, what it looks like before, how it looks after and how much it costs!
How The Numbers Stacked – TBC after refurbishment!
Project Details
TYPE
5 Bed HMO
DURATION
12 weeks
CAPITAL
TBC – Ongoing
ROI
TBC – Ongoing
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If you have any questions at all, please get in contact. We are not sales people and will never try to pressure you into working with us.