+ Limelight: 3 to 5-bedroom hmo

The complete refurbishment of a mid-terrace property into a high standard 5-bed HMO

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CASE STUDY: 3 TO 5-BEDROOM HMO

The complete refurbishment of a mid-terrace property into a high standard 5-bed HMO for working tenants

Pre-Refurbishment

The property started as a 3-bedroom family home located a 2-minute walk from the centre of Shotton and within easy reach of Deeside’s industrial zones, Chester and the Wirral. All upstairs bedrooms and the bathroom were of a good size, while downstairs the kitchen and room layout gave scope for a range of options

Behind the house a good-sized enclosed rear yard gave room for bike storage or a place to socialise. The property’s internal layout, capacity to make 5 good-sized bedrooms, 2 separate shared bathrooms and geographical location right in the middle of Shotton, made it a superb candidate for conversion to a functional HMO

PRE-REFURBISHMENT

The property started as a 3-bedroom family home located a 2-minute walk from the centre of Shotton and within easy reach of Deeside’s industrial zones, Chester and the Wirral. All upstairs bedrooms and the bathroom were of a good size, while downstairs the kitchen and room layout gave scope for a range of options

Behind the house a good-sized enclosed rear yard gave room for bike storage or a place to socialise. The property’s internal layout, capacity to make 5 good-sized bedrooms, 2 separate shared bathrooms and geographical location right in the middle of Shotton, made it a superb candidate for conversion to a functional HMO

The Brief

The property although lived in had been neglected and was in need of modernisation throughout. Having conducted a detailed analysis of the property, the following work was scheduled:

+ Double glazing throughout the property
+ Full electrical rewire including specifying additional sockets in all rooms
+ Fitting wired-in smoke alarm and sensors throughout the property
+ Installation of gas central heating through the property including new gas boiler and HIVE system
+ Connection of gas supply from mains outside property
+ Full damp course throughout the property
+ Refit full kitchen including all appliances, surfaces and floor
+ Fitting of modern plastic water pipes throughout the property where feasible
+ Installation of new telephone system including fibre broadband
+ Refit 2 bathrooms with modern appliances
+ Repair and re-skim interior walls and replace skirting board and all interior doors
+ Insulate roof space to the latest standards
+ Fix broken / loose floorboards and fit new carpets throughout

THE BRIEF

The property although lived in had been neglected and was in need of modernisation throughout. Having conducted a detailed analysis of the property, the following work was scheduled:

+ Double glazing throughout the property
+ Full electrical rewire including specifying additional sockets in all rooms
+ Fitting wired-in smoke alarm and sensors throughout the property
+ Installation of gas central heating through the property including new gas boiler and HIVE system
+ Connection of gas supply from mains outside property
+ Full damp course throughout the property
+ Refit full kitchen including all appliances, surfaces and floor
+ Fitting of modern plastic water pipes throughout the property where feasible
+ Installation of new telephone system including fibre broadband
+ Refit 2 bathrooms with modern appliances
+ Repair and re-skim interior walls and replace skirting board and all interior doors
+ Insulate roof space to the latest standards
+ Fix broken / loose floorboards and fit new carpets throughout

The Outcome

Refurbishment of this property was completed on schedule and budget to leave a modern, high-performing future-proof HMO. The property commands among the highest per-room rental returns in the area and since completion enjoys an 85%+ occupancy rate. As with Limelight’s other projects appliances, furniture and fittings have been carefully selected to withstand heavy and sustained use, leading to minimal property maintenance and high tenant satisfaction

THE OUTCOME

Refurbishment of this property was completed on schedule and budget to leave a modern, high-performing future-proof HMO. The property commands among the highest per-room rental returns in the area and since completion enjoys an 85%+ occupancy rate. As with Limelight’s other projects appliances, furniture and fittings have been carefully selected to withstand heavy and sustained use, leading to minimal property maintenance and high tenant satisfaction

Accommodation

5 lockable bedrooms were prepared and all included a range of functional and affordable yet long-lasting furniture, carpets and soft furnishings. A modern and neutral yet welcoming colour scheme was chosen to appeal to male and female tenants. The proliferance of electrical appliances associated with modern living can place demands on older homes, so a number of additional plug sockets were included in each room. A Freeview TV aerial socket was also specified in each bedroom

The communal room houses a 2-seater sofa and 2 modern chairs and uses the former fireplace to house the television. Communal areas are not always an option due to space but in this property it offers a distinct selling point that is proving popular with tenants

ACCOMMODATION

5 lockable bedrooms were prepared and all included a range of functional and affordable yet long-lasting furniture, carpets and soft furnishings. A modern and neutral yet welcoming colour scheme was chosen to appeal to male and female tenants

The proliferance of electrical appliances associated with modern living can place demands on older homes, so a number of additional plug sockets were included in each room. A Freeview TV aerial socket was also specified in each bedroom

The communal room houses a 2-seater sofa and 2 modern chairs and uses the former fireplace to house the television. Communal areas are not always an option due to space but in this property it offers a distinct selling point that is proving popular with tenants

Kitchen and Bathrooms

The kitchen was completely transformed into a modern and fully-functional area complete with washing machine, tumble dryer, dishwasher and electrical appliances. Sufficient storage space was installed to allow each tenant a large cupboard, while 2 large fridge freezers were discretely installed. 2 microwaves and 2 separate ovens were specified, allowing tenants to prepare separate meals at the same time. A hard-wearing and easy-to-clean tiled floor was also fitted, with the result a versatile kitchen area that tenants can easily clean and manage

The upstairs bathroom’s existing fittings were unsuitable and had to be removed. As the bath took up most of the available room, it was decided that only a shower would be fitted during refurbishment to create an impression of space. The property didn’t include a downstairs bathroom and as 2 bathrooms were required, the archway that lead to a small study / storage area was partioned off and a completely new full-sized bathroom installed in the space. The installation of a downstairs bathroom illustrates the value that can be added when experienced property experts working closely with professional tradespeople give care and thought to configurating older properties as modern HMOs

KITCHEN AND BATHROOMS

The kitchen was completely transformed into a modern and fully-functional area complete with washing machine, tumble dryer, dishwasher and electrical appliances. Sufficient storage space was installed to allow each tenant a large cupboard, while 2 large fridge freezers were discretely installed. 2 microwaves and 2 separate ovens were specified, allowing tenants to prepare separate meals at the same time. A hard-wearing and easy-to-clean tiled floor was also fitted, with the result a versatile kitchen area that tenants can easily clean and manage

The upstairs bathroom’s existing fittings were unsuitable and had to be removed. As the bath took up most of the available room, it was decided that only a shower would be fitted during refurbishment to create an impression of space. The property didn’t include a downstairs bathroom and as 2 bathrooms were required, the archway that lead to a small study / storage area was partioned off and a completely new full-sized bathroom installed in the space

The installation of a downstairs bathroom illustrates the value that can be added when experienced property experts working closely with professional tradespeople give care and thought to configurating older properties as modern HMOs

Summary

This property demonstrates the full range of services that Limelight offer investors looking to refurbish part or whole of a property or prepare rooms and communal areas for immediate let. If you require similar services or simply wish to discuss property letting, management or investing across the region then please get in touch. I look forward to speaking with you

Download a PDF of this case study below

SUMMARY

This property demonstrates the full range of services that Limelight offer investors looking to refurbish part or whole of a property or prepare rooms and communal areas for immediate let. If you require similar services or simply wish to discuss property letting, management or investing across the region then please get in touch. I look forward to speaking with you

Download a PDF of this case study below

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