3 bedroom flat – Montrose Court, South Kensington, SW7
MANAGED BY was retained to update and furnish their client’s investment within 12 weeks of purchase in time for the lucrative back to school rental market. (near French Lycee and museums)
|Property Purchase Price||£1,650,000|
|Cost of Refurbishment||£120,000|
|Total Capital Investment||£1,785,000|
|Valuation After Works||£1,950,000|
|Annual Rent prior to works (ROI 1.6%)||£26,000|
|Annual rent after the works (ROI 4%)||£72,800|
Project length 12 weeks. Completed Sept 2012.
By spending £135,000 on improving the property, the client realised a rent increase of £46,800. (ROI 35%) and increased the capital value by £165,000 which more than covered the £135.000 cost of the works.
2 bedroom flat – Onslow Square, London SW7
Our international client was looking to increase his London property portfolio in prime central locations with the highest rental return in mind.
MANAGED BY advised and project managed the refurbishment and furnished and dressed the flat before securing a tenant.
|Property Purchase Price||£2,000,000|
|Cost of Refurbishment||£145,000|
|Total Capital Investment||£2,145,000|
|Annual rent (ROI 4%)||£85,800|
Project length 12 weeks. Completed May 2014.