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2019 - HMO 5, Luton
Garage Conversion for 5th Room
Garage conversion into a habitable room, adding income and asset value.
Still fitted with a double bed and all amenities.
Divided up to become Bedroom 4 & Kitchen.
Project Details
Purchase Method: Open Market
Purchase Price: £232,000
Value 2022: £375,000
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Freehold
Bedrooms: 5
Receptions: 1
Bathrooms: 1+4 Showers
Parking: 2
Garden: 40 ft
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A joint venture project between Loop and one private individual. This property was purchased in January 2019. A very run down property was converted to a 5 room HMO with a little adaption and garage conversion.
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The 5 rooms have been fully occupied just prior to the final snagging.
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80% of the investment money has since been released following the refinance in 2019.
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Note:
Further financial information on all of our previous developments is available to investors upon receipt of a signed NDA.