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.

The Numbers (as of Jan 2020)

Purchase Price: £80,000

Refurbishment: £18,000

Revaluation: £115,000

Rent achieved: £675pcm

ROI (after refinance): 27% pa