Turning Tides at New Rowley Road: A Dudley Social Housing Success Story

Before

In the heart of Dudley, our venture began with the acquisition of New Rowley Road in 2022, a property brimming with untapped potential. This 6-bedroom end-of-terrace house, featuring 4 shower rooms (including 2 ensuites), was partially occupied and showing signs of wear. Our vision was to breathe new life into this space, transforming it into a desirable residence. Purchased for £180,000, the project represents our expertise in revitalising properties to meet market demands.

Project Details:

• Location: New Rowley Road, Dudley

• Property Type: 6-bedroom end-of-terrace house with 4 shower rooms (2 ensuite)

• Purchase Price: £180,000

• Refurbishment Cost: £7,000

• Purchase Date : May 2022

• Completion Date : September 2022

Transformation Highlights:

The property underwent a light refurbishment, including a change in carpets and removal of old furniture, revitalising its appeal. The area's tenant demographics suggested a rental potential of £350 - £400 per room. Capitalising on this, we secured a 5-year lease with a social housing provider, guaranteeing stable rent and a fully insured repair & lease contract.

Financial Success and Valuation:

Today, New Rowley Road stands as a beacon of strategic property investment. Generating a monthly rental income of £1,260, the property brings in an annual profit of £10,800. Its financial performance is impressive, with an ROI of 18% and a net yield of 8.4%. In 2023, the property was valued at £251,000, showcasing the success of our investment and refurbishment strategy.

Conclusion:

The transformation of New Rowley Road is more than a financial triumph; it's a narrative of insightful planning and effective property development. This project highlights our ability to identify and capitalise on opportunities, transforming them into valuable and profitable assets. It's a testament to our dedication to enhancing property values and achieving remarkable results for us as investors, marking yet another success in our journey of property transformation.