4-Bed HMOQueen Street
A compact terrace on Queen Street converted to four rooms, with a fitted kitchen and breakfast bar and slatted feature walls in the bedrooms.
£43,000 uplift. A compact four-bed on Queen Street.
A compact terrace on Queen Street converted to four rooms, with a fitted kitchen and breakfast bar and slatted feature walls in the bedrooms.
Queen Street, Newcastle-under-Lyme · 4 letting rooms · HMO conversion
The opportunity
A smaller terrace suited to four rooms, bought at £110,000.
The work
Four double rooms with feature walls, a new shower room, a fitted kitchen with breakfast bar and new flooring and carpets throughout.
The result
A £260,000 end value against £217,000 all-in, producing £1,200 net cash flow every month.
Fixed before we start. Reported when we finish.
- Purchase
- £110,000
- Fees
- £7,000
- Renovation
- £100,000
- Total project cost
- £217,000
- Gross development value
- £260,000
- Uplift
- £43,000
- Net cash flow
- £1,200 pcm
- Profit on total cost
- 19.8%
- Net cash flow per year
- £14,400
All bars share one scale: £415k = full width.
The hatched section is the value created above everything spent: purchase, fees and the full build. That gap is what every ProSpace appraisal is built to protect.
Inside the house. 6 photographs.
Interested in Queen Street? Let's talk.
Ask us about this 4-bed HMO, investing in a project like it, or hear about the next one before it's published.
Or email hello@prospacedevelopments.co.ukCall 01270 000 000
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