Wolseley Close, Gateshead
Project Gallery
Project Overview
This property was purchased from a cash buying company for £68,500. It was originally configured as a 3 bedroom, 1 bathroom house with an additional downstairs WC. The property underwent a full renovation and was internally reconfigured into a 5 bedroom, 2 bathroom layout to maximise rental income and capital value. Following completion of the works, the property was revalued at £140,000. It now operates as a fully furnished 5 bedroom self-catering accommodation.
Financial Breakdown
Investment Details
- Purchase Price: £68,500
- Full Renovation & Reconfiguration: Included in project costs
- Total Investment: £68,500 + Refurbishment Costs
- Total Investment + SDLT + Legal Fees ± Auction Fees
- End Value: £140,000
Rental Performance
- Self-Catering Income: 5 bedroom fully furnished accommodation
- Strategy: High-yield serviced accommodation
Strategy Used
- Below-market acquisition
- Full renovation
- Internal reconfiguration
- Serviced accommodation strategy
Results & Outcome
Through full renovation and strategic reconfiguration, the property achieved substantial capital uplift while significantly increasing rental income potential. The conversion to a 5 bedroom layout maximised profitability and positioned the property as a high-performing self-catering asset.
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