This 5-bedroom multi-let property in Solihull was converted from a 3-bedroom semi-detached house by turning reception rooms into bedrooms, converting the garage into a living room, and adding an additional bathroom. The total investment of £218,000 has resulted in the property value increasing to £250,000, renting for £2,125 per month with a positive cash flow of £700, providing a high return on investment of over 20%.
1. www.property-magpie.co.uk
B92, Solihull
5 Bedroom Professional Multi-Let.
This beautiful property was bought as a three bedroom semi-detached house and the
following works undertaken;
Reception Rooms turned into double bedrooms
Garage converted to a living room
Additional bathroom added
Full programme of decoration
Bought for £198,000 with £15,000 conversion costs and a further £5,000 to furnish and
decorate.
The property is now valued at £250,000 and rents for £2,125 per month with a positive cash
flow of £700 after all costs with a ROI of over 20%
For similar opportunities please contact us on
0121 416 0216 or direct on 07557 731 855
GREAT OAK INVESTMENTS LIMITED TRADING AS PROPERTY MAGPIE
