Stoneycroft, L13
This 3-bedroom house in the Stoneycroft area of Liverpool was bought in the summer of 2019 and required a full course of modernisation. As well as the usual work that goes into a refurbishment, the rear of the ground floor was also reconfigured to open up the rear reception room into the kitchen. French doors were added in place of the original rear window and the old external door (from the kitchen) was bricked up.
Before
Before
After
After
The Numbers (as of Jan 2020)
The Numbers (as of Jan 2020)
Purchase Price: £80,000
Refurbishment: £18,000
Revaluation: £115,000
Rent achieved: £675pcm
ROI (after refinance): 27% pa