21 Eden Street

Elgie Group Project Management

The project

This was a property that we delivered through our turnkey project management service. It was a mid-terrace, 3-bedroom house which we converted into a 6-bedroom HMO. Two of the rooms also had their own kitchenette facilities, giving it that studio feel and more exclusivity to the prospective tenants.

We collected the keys from the owners upon their completion of purchase and handled everything: the build, the interior design, the furnishing, the licenses and regulations, the refinance, professional photographs and finally getting it listed for let.

Once it was converted and fully let we handed the keys to this cash-flowing beauty back to the owners. The project was finished a huge 5 weeks early and fully let out within 48 hours of going live!

£140,000

Purchase price

£119,000

Refurbishment cost

£380,000

Current Valuation

£43,200

Rental Per Annum