I Purchased a mixed-use building in Stevenage, Hertfordshire in October 2021 for £600,000. Our plan is to convert the property into four individual apartments. At that stage, the flats will be refinanced and rented out to generate monthly cashflow & also benefit from any future capital appreciation. This project is currently on-going.
The Work
In order to convert the mixed-use building into four apartments, we will first need to carry out a small double-storey side extension. This should create sufficient space on the ground and first floor, which could be create two apartments per floor.
Before
After
No items found.
The Results
£
Value Added (Profit)
%
Return on Investment Per Annum (ROI)
£
Annual Net Cashflow
Financials
Acquisition
Purchase
£
Price Stamp Duty
£
Refurbishment
£
Furniture (& Others)
£
Lease Extension
£
Legal Fees
£
Financing
£
Re-finance
GDV
£
Mortgage
£
Cash Left In
£
Market Rent
£
Mortgage Interest
£
Management
£
Monthly Cashflow
£
