From Disused Outbuilding to Holiday Let
The Numbers:
New build project completed: 2015
Total cash invested:* £90,000
Net annual yield:** 10.3% pa
Return on investment:*** 100%
Forecast predicted compound growth over the next 5 years:**** 23.4%
* to include full project management, build design, planning, build, interior design and full furnishing
** from rental income after deductions for agency fees, boiler maintenance, safety certificates, insurance, sink fund, Welcome Packs, insurance, utilities and cleaning
*** amount the original cash investment increased over investment term before tax and legals
**** as per Savills data
In Brief:
An abandoned and disused stone dairy building with holes in the roof, no electric or water supply which was completely reconfigured and developed to become a successful holiday let securing a net annual yield of over 10%.
Services provided: Project Management, Property Enhancement, Property Staging, Tenant Search & Letting and Property Management