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Sales HOP Property Refurbishment Case Studies
Refurbs
Recent property refurbishment examples.
2 Bed Through In Pudsey
Two bedroom end terraced property, one bathroom, kitchen and small rear garden.
Issue: Had remained unsold for a long time due to awkward kitchen and bathroom that were located in a triangular extension, second bedrooms also small and not separated with a door, external condition in need of attention and generally a compromised property unappealing to buyers.
Now: High specification, modern two bedroom home, ideal for its target market of first time buyers.
Works: Included removing of internal chimney through the house and roof, removal of structural walls and replacement with structural steels to open up the living area and enlarge the bathroom, part rewire, new kitchen, bathroom, new flat roof to extension, plastered throughout, new woodwork, carpets, some new windows, landscape rear garden and install fence.
2 Bed Duplex Apartment in Headingley
Standard two bedroom duplex apartment, previous student tenants, rental of around £650 PCM.
Issue: Student market changing with less students, also property had deteriorated and was not appealing, landlord wanted stable property that would attract good quality tenants at a premium rent.
Now: high spec professional duplex flat, rental of £750 to £850 PCM.
Works: included design and install new kitchen, bathroom, electrics, boiler, complete redecoration, carpet and furnish.
3 Bed Back to Back in Burley
Three bedroom terraced back to back property, renting out on single room basis, low occupancy, high voids, average rental after bills £500 PCM.
Issue: Property had deteriorated, less students renting in Burley, market has changed to more professionals, Increased number of 3 beds been brought to market, so choice has increased.
Now: high spec professional property, rental of £995 PCM.
Works: included new kitchen, new bathroom, partial plaster, walls relined, new electric heating, new carpet and furnishings, external garden works.
4 Bed Through Terrace in Meanwood
Three four bedroom through terrace, previous student tenants, rental of £550.
Issue: student market moved away from this area, specification did not meet professional requirements, rental was decreasing and two options were to rent out at lower rent, or improve the property for current market.
Works: New kitchen, redecorated throughout, updated bathroom tiles and decor, new flooring and beds. Now: Well specified professional property, rental of between £750 to £900 PCM.
4 Bed End of Terrace in Roundhay
5 bedroom end terrace house, small garden, bedrooms with sinks in, small kitchen, had previously been rented out room by room.
Issue: High void rates and then a deterioration in the condition of the property mean than a refocus was required, the market was stronger for higher quality 4 bedroom properties, aimed at the professional market.
Now: Well Specified 4 bedroom, two bathrooms, additional downstairs rest room, open plan kitchen within dining room and large living room, rented at around £950 Per Month.
Works: Opening up wall between bedroom and kitchen to create open plan space converting bedroom to a dining room, build partition to install new downstairs toilet, install new kitchen, redecorate throughout, new carpets and new furniture throughout.
2 Bed Semi Detached in Crossgates
2 bedroom semi detached house in a nice residential area with front and rear gardens and garage, was empty for 6 years.
Issue: The house had been empty for 6 years and required full refurbishment to bring it up to an appealing standard for renting to generate income and also have the potential to sell in the future.
Now: Appealing family/professional home for long term tenants with long term tenants secured.
Works: Stripped fixtures and fittings, partly replastered, new central heating, new electrics, mains wired interlinked fire detection system, new kitchen, new bathroom, works to roof, insulation to loft space, walls made good lined and decorated, new doors skirtings and architrave, new carpets, garden re-turfed and new gravelled area.
2 Bed Semi Detached Property in Otley
Two bedroom semi-detached house in need of full refurbishment.
Issue: Had little update for many years, had single glazing dated kitchen and bathroom and in need updating to offer an appealing home as the client intended to sell.
Outcome: Appealing first time buyer home.
Works: Included design and install new kitchen, bathroom, update electrics, new radiators, new double glazing and porch, new carpets, decorated throughout.
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