KEY POINTS
- virginia water postcode
- loft conversion potential
- within catchment area for outstanding schools
- high rental demand
- family home
OVERVIEW
Originally purchased as a family home, the potential of this property became evident once the loft was converted. Recognising the high demand for 3-bedroom, 2.5-bathroom properties in the area, we quickly seized the opportunity and decided to rent it out. Since then, we have been delighted to experience a consistent and profitable rent roll, reaffirming the soundness of our decision.
gross development value:
£600,000
purchase price:
£310,000
build costs:
£70,000
professional fees:
£20,000
total project cost:
£400,000
rent roll:
£21,600 PA
profit on gdv:
£200,000
project duration:
5 months
DEVELOPMENT
As part of this development, a loft conversion was seamlessly integrated, resulting in the addition of a stunning master bedroom with its own en-suite bathroom. The thoughtfully designed layout incorporated a generous set of French doors complemented by the side panels, offering a breathtaking view of an unspoiled field at the rear. This picturesque setting adds a touch of tranquility and natural beauty to the living space, creating an inviting atmosphere for residents to relish.