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High End Student HMO Conversion

Terry Rd, Coventry, West Midlands

CASE STUDY

The Property

Victorian terraced house used as a family house within 10 mins of the
University.

The Plan

  • Convert the property into a 5 bedroom en-suite
  • 3 meter extension on ground floor
  • Design & Build Open plan kitchen/lounge
  • Add a 3rd floor loft conversion
  • 2 additional bedrooms with en-suite in loft conversion

The Work

  • Removal of all internal walls and floors
  • Redesign & Build new stairs and floors
  • Removal of chimney
  • Create 5 bedrooms with en-suites
  • Fully redecorate and furnish throughout to interior design and spec

The Numbers

Purchase Price
£150,000
Refurb Cost
£90,000
Expected Avg Room Rate£520
Expected Monthly Income£2600
Expected Monthly Maintenance£182
Expected Monthly Bills£150-250
Estimated Maintenance Allowance (5%)£90
Expected Monthly Mortgage£500-650
Expected Monthly Profits
£1200-1428
Est. Post Refurb Value
£275,000

En-Suite Bedroom

Loft Conversions
ensuite bedroom in loft conversion

Kitchen

Fully Fitted with Designer Finishing & Touches
fitted designer kitchen

Lounge

Furnished & Decorated
designer furnished lounge

Need a Quote ?

Free Initial Consultation

Complete Student HMO Conversion
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