KEY POINTS
- close to farnborough international airport
- great commuter links for contractors
- aldershot regeneration master plan
- auction purchase
- loft conversion potential
OVERVIEW
Acquired through auction in January 2021, this 2-bedroom flat underwent a stunning transformation into a contemporary 3-bedroom, 2-bathroom short-term apartment. At the pinnacle of the property, we designed a spacious living and kitchen area, offering a captivating view.
With the expertise of a local interior designer, we curated a distinct ambiance, infusing the property with unique touches and soft furnishings. Notably, artistic photos showcasing local landmarks were tastefully incorporated throughout the space, adding a touch of artistic charm. This meticulous attention to detail creates a truly exceptional and inviting atmosphere for guests to enjoy during their stay.
gross development value:
£275,000
purchase price:
£141,000
build costs:
£95,000
professional fees:
£12,000
total project cost:
£248,000
rent roll:
£36,000 PA
profit on gdv:
£27,000
project duration:
3 months
DEVELOPMENT
This development showcased a transformative design featuring a new hip-to-gable and rear dormer loft conversion. By utilising this additional space, we successfully relocated the living room and kitchen, creating a spacious and contemporary layout. Furthermore, the first floor was reconfigured to accommodate three separate bedrooms and two bathrooms, offering versatility for various occupancy preferences. Whether utilised for short-term lettings, buy-to-let investments, or potentially converted into a small three-bedroom HMO, this property offers flexible income potential to adapt to changing market demands in the future.