York House (BTL)
At time of purchase condition
This property is a studio flat in a highly sought-after location of Bristol which continues to improve over the years thanks to the overall regeneration plan of the city which keeps attracting new business ventures as well as more residents. The property is also convenient for transports into city center and for commuting out of the city through the suspension bridge. The property currently consists of an open plan day/sleeping room and a windowless bathroom as well as a separate kitchen. It has high ceiling and original features such as sash windows and shutters and cornicing.
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Refurbishment plan
As well as swapping position of bathroom and kitchen for a more convenient and salubrious layout the property is going to benefit from a contemporary mezzanine with sleeping quarters, a walk-in wardrobe, a hide away study corner, a functional kitchen, and plenty of extra storage space. Refurbishment quote is estimated to be £25,900.
CAD design
With only 29 square meter at our disposal every inch counted. The opportunity to leverage on the high ceiling had to be taken on board.
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CAD design helped visualise the space and convey Valeria's vision to the power team.
A walkable mezzanine, a walk in wardrobe, ceiling height storage space above kitchen counter, a hide away desk, under-stairs bookshelves, a moveable ladder to access height, were all ideas that Valeria needed to help other people see.
Final product - Total spent £21,093.00
Finished to very high specs, cast iron radiators with wood valves, high quality laminate flooring, butler sink, bespoke kitchen, wood worktop, bespoke bathroom unit, rain shower head to mention just a few.
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Purchase price £130,000.00
Post refurbishment valuation £179,000.00
Advised rental figure before refurbishment £625pcm
Rental agreed after refurbishment £850pcm
Void rental since first on market NONE