Ash Road, Headingley Leeds (6-bedroom HMO)
6-bedroom HMO in Leeds vibrant location of Headingley (University area). The property comprises 6 bedrooms. The house was dated with tired basic facilities which do not conform with high-end tenants.
Add value by refurbishing the house to a high standards, aiming to increase the asset's equity and improve its cash flow by targeting high-end tenancy.
Before & After Photos
Know More about 'Ash Road Project'
Summary of undertaken work includes:
1. Conversion of two lower ground store rooms into a cinema room and a utility room
2. Full renovation of the kitchen and the bathrooms (x2).
3. Re-plastering, painting and flooring of the house.
The renovation work in the house allowed us to increase the HMO's gross monthly rent by 70%.
*Gross rental yield does not represent the return on investment as the costs of running the venture is subtracted from the gross yield to allow net return to be calculated.
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