We bought a shell of a building in Plumstead in 2012 with the initial plan of creating 3 separate flats however, for planning reasons, we opted for a 6 bedroom HMO.
Purchase price £192k
Spent £87k on refurbishment
Received the licence and the property now currently receives £38k per annum in gross rent. Valuation after works completed was £350k
Currently valued £500k
