CPS Homes

Turning a three-bed let into a four-bed let, generating an extra £300 per month

We recently met a landlord client at her rented property in the Heath. Currently let to three students, she wanted our advice on how to create a fourth bedroom without adding an extension.

As it stands, the lounge is situated at the front of the house and there's a kitchen plus utility room at the back. Our Property Advisor, Helen, suggested knocking the kitchen and utility room into one to create an open-plan kitchen/lounge, allowing the front room to be turned into a fourth bedroom.
 
We gave the landlord an estimate of £15k to carry out the work, which included making the kitchen a bit smaller as the existing one would have been too big for the new, open-plan layout.
 
Currently let for £900 (£300 x 3) per month, we’ve already secured tenants for the 2016/17 academic year at £1,200 (£300 x 4) per month.
 
If you’d like us to cast our eye over your buy-to-let investment and suggested similar improvement work, please call Rhys Owen today on 02920 668585, or e-mail him via rhys.owen@cpshomes.co.uk.

'Before' and 'After' floorplans below...

Before

floorplans

After

floorplans

04 March 2016

The information contained within this article was correct at the date of publishing and is not guaranteed to remain correct in the present day.

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