We wanted to show you, at this early stage of our property refurb project, what we’re doing to this investment HMO property. When we sourced this investment property, we were looking for great refurb opportunities. That’s exactly what we saw in this property that we purchased for just over 5% Below Market Value (BMV) for one of our investors.
Watch our video below as Pete walks you through this property refurbishment project.
If you’d like to discuss this property refurbishment project with us, please give us a call today. Alternatively, you can arrange a free property investment consultation online with Peter by clicking here.
A Property Refurb for a Luxury HMO
This property is a luxury six-bedroom investment HMO and we’ve taken it to the next level in terms of quality for our Investor and our tenants.
Our refurbishment company are transforming a downstairs cloakroom into a good-sized bathroom and are splitting the existing family bathroom into two separate shower rooms. We are transforming this property into a six-bedroom HMO, which will have a total of 4 bathroom/shower rooms.
This not only attracts the best tenants, but it instantly adds value to the property.
Knowing what people want before starting a property refurbishment
We carry out extensive research with our existing tenants and with the wider market to ensure we know what will work best for our investors. This means we’re able to configure our refurbishment projects in the best possible way to accommodate for your tenants.
This ensures we can achieve the best possible rental income and attract the best possible tenants, who will look after your property and keep maintenance costs to a minimum.
The opportunity we saw in this refurbishment project
Our sourcing team are relentless, viewing over 50 properties a week! But what are we looking for?
We look for great potential to improve and expand. In this property, we saw great outdoor space in the rear garden. As a result, we’re able to split the garden and allocate a private garden for one of the rooms. This alone will increase the rental value of that room by £100 per month!
Let’s discuss how we identify great refurbishment projects
If you’d like to discuss some of our property refurbishment projects and would like to understand what we look for when sourcing great investment properties, we’ll love to hear from you.
Our Managing Director, Peter Licourinos, believes in helping people who are serious about investing in property. This is why he personally meets, although sometimes via a private zoon call, each and every client personally.
So if you’d like to discuss the services our refurbishment company can offer, would like to know about our property sourcing techniques or would simply like to explore some of our finished refurbishment projects, please get in touch today.