This was a dilapidated weed factory when we took it over as an off market deal. We took it back to brick and started over, maximising it’s potential to be 2 x 2 beds and 1×1 bed. This multi-unit block is popular with working professionals and rents for well above the market rate.

Purchase Price (incl all costs): £55k

Conversion: £55k

Total cost: £110k

End value post conversion (bricks & mortar): £120k

Yearly rental income: £19k

Yearly cash flow: £10.8k

ROCE post valuation: 36%