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Creating desirability and rentability as standard...
Birchfield Road East
Modernisation. remodelling and extension - to provide a desirable first rental property for an evolving portfolio
Found a property for a colleague who wanted to start his own rental portfolio
Made a direct but sensitive approach to a bereaved family. Enabled them to sell at a good price without going through an Estate Agent and co-operated with their move. Produced plans for submission to NBC for permission to build a vaulted single storey side extension together with the complete modernisation of the original house virtually unchanged from when it was built in the 1930's. End result added value based on Estate Agent's assessment on completion relative to the purchase price plus the cost of extension and modernisation. We helped our client - the new owner - find good tenants and then added a basic “dog friendly” low maintenance rear garden. We now assist with ongoing maintenance.
Significant potential was identified prior to the initial purchase and the first phase has now been fulfilled. There remains the opportunity for further value creation via a loft conversion but - as with all property investment - the owner would need to be mindful of the upper price ceiling for a semi detached property for both rental and ultimate sale in this location. We started with an original 1930’s 3 bed and one bathroom property with front and rear reception rooms and a small kitchen (c£175,000) and turned it into a modern, contemporary style property with free flowing large open plan living/entertaining room, kitchen/diner, large fully fitted downstairs shower room, toilet and cloakroom, flexible front room which can serve as bedroom 4 adjacent to the shower room or as a flexible snug or study or separate dining room with 3 refitted bedrooms on the first floor served by a modernised, fitted bath/shower room. Completely re-wired and re-plumbed with a new boiler in the new separate ground floor utility room and underfloor heating in the new extension....valued on completion was c.£285,000 (Oct. 2018).
The front garden has been transformed with a completely new lawn, new approach to the front porch and wrap around block paved driveway with off road parking for up to 3 vehicles. Please e-mail for details of the budget required and expenditure involved for the specification achieved and illustrated in the slide show.
NEWS & INSIGHTS
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