Conversion of a 4 bed semi detached house into a 6 bed, 5 bath quality shared house for working professionals

Project: Glover

Numbers:

Purchase

Refurb & Furnish

Other costs

All in

Revaluation

£100,000

£77,000

£12,000

£189,000

£200,000

Monthly rental 

Expenses incl mortgage

Monthly cashflow

Gross yield

Return on cash left in

£2,800

£1,600

£1,200

17.2%

37.1%

This property used to be a large family house that had been slightly extended on the front and back which made it just a bit bigger than all other houses on the street.

This small difference to other houses meant a lot for us, as it just made it big enough and ideal for a shared house for 6 people!

We have largely kept the original layout of the house to keep our conversion costs down​.

In this area comparable rents for a similar 

Current progress:

Works carried out:

Damp proof course

Full electrical rewire

Relocation of gas and electric meter

Full interlinked fire alarm system

Full central heating system

Plaster throughout

Relocation of kitchen upstairs

4 en-suites

1 shared bathroom

Replacement of windows and french doors

Decoration and furniture

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