Purchase Price: £58,000
Renovation Cost: £95,000
Gross Development Value: £315,000
75 Thornton Street was originally a dated 3-bedroom property with significant potential to be transformed into a high-performing rental asset.
After sourcing the property, we identified the opportunity to convert it into a premium 6-bedroom all ensuite HMO. The goal was to create a modern, high-quality living space that would appeal to professional tenants while maximising both rental income and long-term capital growth.
The project involved a full internal refurbishment, reconfiguration of the existing layout, installation of six ensuite bedrooms, upgraded communal areas, and a finish designed to stand out in the local rental market.
Once complete, the property achieved a Gross Development Value of £315,000 and now generates our client £3,750 per month in cash flow.
Through the right sourcing, development planning, refurbishment management, and refinance strategy, the client achieved a full 100% return on investment, allowing them to recycle their capital and continue growing their property portfolio.
What We Delivered
- Bespoke property sourcing
- Specialist mortgage brokerage
- Full refurbishment and development management
- Refinance support and lender connections
- Tenant sourcing and ongoing rental management
This project is a strong example of how a well-planned HMO conversion can turn an underperforming property into a high-yield, income-producing asset.
