Corporation Oaks – Nottingham

Details:

A tired 4 bedroom family home located less than 1 mile from the city center in the heart of the main student living quarters of Nottingham. This property was acquired and was renovated into a 6 bedroom 6 en-suite student accommodation. The renovation included creating a modern open living space, multiple bathrooms, new flooring, plumbing, electrics and gas services, and furnishings and appliances up to a 5-star standard.

Purchase price:

GBP160,000

Refurbishment cost:

GBP73,000 (including furnishing)

Result:

Redeveloped value of the property increased to GBP250,000 (bank valuation used for refinancing) – 7% equity uplift.
Current gross rental income achieved is GBP36,504 annually – 80.2% gross yield on capital employed and 15.6% gross yield on investment.

 

Kimbolton Avenue – Nottingham

Details:

An existing 4 bedroom student house that was left in disrepair and in need of modernization. Located less than 1 mile from the city center in the heart of the main student living quarters of Nottingham. This property was acquired and was renovated into a high end 6 bedroom student accommodation. The renovation included creating a modern open living space, multiple bathrooms, new flooring, plumbing, electrics and gas services, and furnishings and appliances up to a 5-star standard.

Purchase price:

GBP143,000

Refurbishment cost:

GBP88,000 (including furnishing)

Result:

Redeveloped value of the property increased to GBP270,000 (bank valuation used for refinancing) – 17% equity uplift.
Current gross rental income achieved is GBP34,632 annually – 123.7% gross yield on capital employed and 15.0% gross yield on investment.

Pelham Cresent – Nottingham

Details:

Bought as a tired 3 bed house in Beeston and fully refurbished. The property was extended to the rear with a single storey extension and to the side with a 2 storey extension. The property is now a high end 6 bed and 4 bath (2 en-suite) modern student property.
Situated in Beeston perfect for the University of Nottingham, it always rents well to groups of 6 students for 52 weeks of the year.
Our student tenancies are usually secured between 6- 10 months in advance of the students moving in. This gives us guaranteed cash flow for up to 22 months in advance.

Purchase price:

GBP138,000

Refurbishment cost:

GBP90,000 (including furnishing)

Result:

Redeveloped value of the property increased to GBP275,000 (bank valuation used for refinancing) – 17% capital growth.
Current gross rental income achieved is GBP31,200 annually – 45.4% gross yield on capital employed and 13.7% gross yield on investment.