Property Refurbishment Case Study – Spencer Avenue
Case study example of sourcing, project managing and complete property refurbishment.
Spencer Avenue, Coventry CV5 6NP
The property started out as with three bedroom, three reception room, a small kitchen and one bathroom. The end result was a five bedroom property, one bedroom with ensuite, a family bathroom and shower room as well as a newly fitted kitchen.
Advertised Price: £248,000
Final Agreed Price: £204,000
Refurbishment Cost & Furnishing: £34,800
Total Investment: £238,800
Rental Valuation: £2,100 PCM
Post Works Valuation: £300,000+
The property is located a short walk from Coventry Rail Station and City Centre Shops. The sought after area of Earlsdon is also a short distance away.