Undisclosed Location, Nottingham
This is a property we purchased in January 2021. This was an ex pub that was converted into 3 x self contained flats. We stumbled upon this deal on Rightmove and was not allowed access from the agent to view due to Covid.
For this reason we had a look on the Land registry and found the owner who lived nearby. I added her on Facebook and mentioned I wanted to view and she arranged a viewing for me.
This was a huge property with bags of potential, our first thoughts was to keep it as 3 flats or convert it into a big HMO. We viewed this and agreed a sale price of 170k even though it was on the market for 190k. After our architect visited we realised we could get 8 bedrooms and 4 of these could be studios. Sui Generis planning was applied for straight away and granted within 9 months.
The refurbishment cost us 100k and is now tenanted and NETS £2250 every month.
