Property Refurbishment Case Study – Marlborough Road
Case study example of sourcing, price negotiations, project managing and complete refurbishment to full HMO licensing standards.
Marlborough Road, Coventry CV2 4ES
Advertised Price: £235,000
Original Offer: £220,000
This offer was declined by the vendor
Three Months Later…
Offered (subject to survey): £215,000
Survey Highlighted Issues
Final Agreed Price: £199,000
Refurbishment Cost & Furnishing: £44,000
Total Investment: £243,000
Rental Valuation: £2,985
Post Works Valuation: £305,000 to £310,000
“I first met Homemaker Properties through a networking event in 2014, since then the Homemaker Properties team have worked with me on a number of property sourcing and refurbishment projects in Coventry.
The team worked tirelessly on a project at Marlborough Road. They were able to offer their services at all stages from sourcing the property, negotiating a great price through to project managing the conversion and full refurbishment of the property to full HMO licensing standards. The end result is completed to a high standard and the Lettings team are now managing the property.
I would not hesitate to work with the Homemaker Properties team on future projects and thoroughly recommend them to anyone looking to invest in the Coventry and Warwickshire area.”
Coventry Property Investor from London