House in Multiple Occupation (HMO) in Plumstead

WhatsApp Image 2020-01-23 at 15.55.15

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