Conversion of C3 Dwelling house into 4 x 1 Bedroom Apartments.
Hereford – 5 Minutes from City Centre
Completed January 2022
The equity was provided through a Joint Venture within an existing SPV. The remaining funds came from a bridging loan.
Purchase price: £210,000
SDLT: £1,200
Procurement Cost: £8,495
Build/Refurb Cost: £205,000
Total Investment: £424,695
Appleton Asset Management has agreed commercial Finance Post Refurb on the property of £570,000. The building will be retained and rented out, producing over £37k gross income PA.
Visit our management arm: Relo and development arms Marches Homes
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