The figures are in on our most recent development, Bayford Road, Littlehampton.
We started our Bayford Road project in February and completed at the end of June and is now fully let!
The period terraced property was originally 5 bed, spread over 3 floors, which needed to be totally gutted. In doing so we were lucky enough to uncover exposed brickwork to all chimney breasts and brickwork to the hallway, incorporating this into the design theme for feature walls.
We have created an 8 bed HMO with 7 bathrooms, designed for professional sharers.
Purchase Price £220,000
Build Costs £150,000
Refinance £555,000
Rental Income £56,640
ROI 35.6%
Gross Yield 10.2%
We have very happy investors and even happier residents!