Milburn Road, Northumberland
Project Gallery
Project Overview
This property was purchased at auction for £57,000 as a 2 bedroom, 1 bathroom house. The layout was internally reconfigured and converted into a 4 bedroom, 2 bathroom property to maximise rental yield and capital value. The property is currently let on a 12-month agreement to a construction company, generating strong monthly income.
Financial Breakdown
Investment Details
- Purchase Price: £57,000
- Refurbishment & Reconfiguration: Included in project costs
- Total Investment: £57,000 + Refurbishment Costs
- Total Investment + SDLT + Legal Fees ± Auction Fees
- End Value: £130,000
Rental Performance
- Current Let (Corporate Rental): £2,800 per month
- Buy-to-Let Income: £800 per month
- Self-Catering Income: £2,500–£3,000 per month (Gross)
Strategy Used
- Auction purchase
- Internal reconfiguration
- Bedroom uplift strategy
- Corporate rental strategy
Results & Outcome
By increasing the bedroom count and repositioning the property for higher-yield rental strategies, the project achieved significant capital appreciation and strong income performance. The corporate rental model has delivered exceptional monthly cash flow while maintaining long-term flexibility.
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