Luxury Refurbishment Case Study 📈
A tired two-bedroom ground floor apartment, taken back to shell and rebuilt to a standard that competes at the top of the local market.
The scope was comprehensive rather than cosmetic: new kitchen, new bathroom, full replacement of services, and a completely landscaped garden that turned unused outside space into a genuine selling point. Ground floor flats live or die on their outdoor space, and getting that right did as much for the rent as anything inside.
Rental Growth & Capital Uplift 🏠
The refurbishment resulted in a significant rental uplift and strong return on investment, demonstrating the commercial impact of well-executed refurbishments and layout optimisation in high-demand residential markets.
Project Performance Summary 💷
Refurbishment Cost: £65,000 |
Previous Rent: £1,800 pcm |
New Rent: £2,750 pcm
Rental Uplift: £950 pcm (17.5% ROI)
Previous Valuation: £550,000 |
Current Valuation: £675,000