Eglesfield Road, South Shields
Project Gallery
Project Overview
This 3 bedroom, 1 bathroom maisonette was purchased at auction for £56,000. The property was internally reconfigured and converted into a 5 bedroom, 2 bathroom layout to maximise space utilisation and rental potential. The refurbishment and reconfiguration works totalled approximately £27,000, significantly increasing both the capital value and income performance of the property.
Financial Breakdown
Investment Details
- Purchase Price: £56,000
- Refurbishment Cost: £27,000
- Total Investment: £83,000
- Total Investment + SDLT + Legal Fees ± Auction Fees
- End Value: £105,000
Rental Performance
- Buy-to-Let Income: £1,000 per month
- Self-Catering Income: £2,000–£2,500 per month (Gross)
Strategy Used
- Auction purchase
- Internal reconfiguration
- Value-add refurbishment
- High-yield rental strategy
Results & Outcome
By reconfiguring the layout to increase bedroom count and upgrading the overall condition, the property achieved strong capital appreciation and significantly improved rental income potential. The project highlights the impact of strategic space optimisation in maximising returns.
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