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Student HMO Conversion

Winchester Street, Coventry, West Midlands

CASE STUDY

The Property

A Victorian terraced house over 2 storeys used as a family property. 10
minutes walk from Coventry University

The Plan

  • Converting the property into a 5 cluster bedrooms with en suite.
  • Adding a third floor through loft conversation
  • 2 bedrooms en-suite on the top floor

The Work

  • Remove internal structure, stairs and plaster
  • Tanking ground floor re damp proofing
  • Remove all chimneys
  • Create 3 bedrooms on 2 floors
  • Create 2 bedrooms in the attic aiming to achieve above the minimum requirement for HMO spec
  • Install grade A fire detection, smoke alarms etc as compliant with
    building regulations
  • Fully redecorate and furnish throughout to our interior designers specifications

The Numbers

Asking Price
£155,000
Purchase Price
£145,000
Refurb Cost
£90,000
Expected Avg. Room Rate£525
Expected Monthly Income£2625
Expected Management Fee£183.75
Estimated Monthly Bills£250
Monthly Mortgage (interest only)£450
Maintenance Allowance (5%)£122
Total Investment Amount£235,000
Expected Monthly Profits
£1,619.25
Est. Post Refurb Value
£280,000

Student Bedroom

Furnished & Decorated
Student HMO Bedroom with en-suite

Loft Conversion

Bedroom with En-Suite
HMO Loft Conversation into Student Bedroom with en-suite

Need a Quote ?

Free Initial Consultation

Serviced Accommodation Conversion
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