Extensive transformation of underperforming HMO

Extensive renovation of a four bedroom HMO in Woodhouse.

4 Bedroom HMO in Woodhouse

This 4 bedroom HMO in a popular student location had been under-let for years on a room by room basis. We were given license to totally transform the property by creating a huge rear extension to provide a high quality communal open plan lounge and kitchen area, plus 4 double bedrooms and an addition of a new bathroom. We planned and project managed the entire refurbishment from start to finish.

Before the refurbishment, it was let to 3 tenants but following the refurbishment, we were able to attract 4 great tenants, significantly increasing the rental value by 126%. The sales value of the property also increased by 78%

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Increase in rental value

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Increase in sales value

Works completed

The key objective for this property was to completely open up and renovate the property to create an stunning high spec property that would generate excellent rental values.

We fully managed the extensive refurbishment process that included:

Full 4m rear extension to create large open plan lounge and living area
Relocation of Yorkshire Water sewage pipes
Dug footings
Removed chimneys all the way through the property
New roof
Installation of double glazed and Velux windows
New doors front and back
Brand new electrics, lighting, plumbing, central heating system
Changed floor layout, so that large rear bedroom became 2 bathrooms
Plastering and woodwork throughout
New décor and carpets