Nightclub to 12-Bed HMO Conversion - Stockport
Improving Layout While Preserving Local Heritage
200% Increase In Rental Income
86% Increase In Valuation
After Conversion
- Use Class: Large Sui Generis HMO
- Rental Income: £60,000 per year
Existing Condition
- Use Class: E
- Rental Income: £0
The Numbers
Item | Cost |
---|---|
Purchase Price | £300,000 |
Refurbishment Costs | £300,000 |
Architect (Design, Planning, Building Regulation) | £25,000 |
Furniture | £20,000 |
Done Up Value (After Conversion) | £750,000 |
Monthly Rental Income (Before Conversion) | £0 |
Monthly Rental Income (After Conversion) | 5,000 pcm |
Annual Rental Income (After Conversion, Pre Tax) | £60,000 pa |