The re-val figures are in on our recently completed development (May 2021), on Arundel Street, Brighton. ⠀
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This project was done in two phases, in 2019 the property was converted simply from a 4 bed HMO to a 6 bed with 2 bathrooms.⠀
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In January 2021 after additional planning consent was agreed, we converted the property to an 8 bed with 3 shower rooms, separate kitchen/diner and separate living room.⠀
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This property is set in a fantastic location, moments from the seafront in Kemp Town, making it an ideal property to let to professional sharers with the Royal Sussex County Hospital being a short distance away, as well as the American Express European HQ and Brighton Marina. The property is fully let via our partner company @proletsuk.⠀
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Purchase Price £310,000⠀⠀
Build Costs £133,001⠀⠀⠀
Refinance £825,000⠀⠀⠀
Rental Income £66,900 PA⠀
ROI 53%⠀⠀⠀
Gross Yield 8.1%⠀⠀⠀
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We have a very happy investor and even happier residents!⠀
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