NS-001 · Manage

Harrow Road Terrace

Birmingham, West Midlands·Residential·Family letting

Overview

A tired three-bedroom terrace returned to full residential use and let to a long-term family household.

Harrow Road Terrace was acquired at auction in poor condition, with damp to the rear elevation and an unusable kitchen and bathroom.

The transformation programme addressed structural damp, rewiring, heating and a full internal refit, with the layout reconfigured to give a usable ground-floor living and dining space.

The property is now let and managed in-house, with scheduled inspections and a maintenance plan in place.

Property information

Strategy: Auction
Intended use: Family letting
Bedrooms: 3
Bathrooms: 1
Tenure: Freehold
Works duration: 14 weeks

Any figures shown are estimates based on current assumptions. They are not forecasts, offers or guarantees of any return.

The figures

What this project costs and earns.

Shown for transparency about how the project is run.

Recorded figures

Acquisition cost: £148,000
Refurbishment budget: £41,000
Professional fees: £3,200
Legal costs: £1,900
Total cost: £194,100
Rental income (annual): £13,800
Operating costs (annual): £3,100
Exit value: £215,000

[Demo] Figures are illustrative.

Figures are recorded costs, estimates or targets based on current assumptions. They are not a forecast, an offer or an invitation to invest, and no return is promised or implied. NexStone is not authorised by the Financial Conduct Authority.

Project journey