Property Refurbishment at Beverley Road
At Beverley Road, a noteworthy property refurbishment project was undertaken, showcasing the transformation of two underutilized properties into a prominent residential development. The entire project not only rejuvenated the appearance and utility of the buildings but also provided significant value to the area.
Property Details Before Refurbishment:
Location: Beverley Road.
State: Two large, empty properties.
Potential: Spacious plots with the feasibility of accommodating multiple residential units.
Refurbishment Overview:
Conversion: The two empty properties were intricately redesigned and renovated, resulting in the creation of 9 modern flats, perfectly tailored to meet contemporary living standards.
Land Utilization: Beyond the core properties, the refurbishment plan encompassed the extensive land situated at the rear. Detailed planning was initiated for the potential development of another 9 flats, maximizing the usage of the available space.
Investment:
Purchase Cost: The initial acquisition of the properties amounted to £380,000. This investment was directed towards securing the two sizeable properties at Beverley Road.
Refurbishment Cost: The renovation and conversion procedures amounted to £550,000. This sum was systematically allocated to various stages of the refurbishment, ensuring high-quality materials, advanced amenities, and proficient craftsmanship.
Valuation: Upon completion of the refurbishment, the properties underwent a valuation process, reflecting the enhancements made. The combined valuation post-refurbishment astonishingly stood at £1.1 million, emphasizing the significant value added through the renovation.
Key Highlights of the Refurbishment:
Modern Design: The newly transformed flats were given a contemporary design, which aligns with the latest trends in urban living.
Space Utilization: Ingenious architectural planning ensured optimal usage of the available space within each flat, providing residents with a spacious and comfortable living environment.
Quality Materials: Only top-tier materials were selected for the refurbishment, ensuring longevity and an elegant appearance.
Landscaping: To complement the buildings, the surrounding outdoor areas were landscaped, giving a refreshing and aesthetically pleasing ambiance.
The Beverley Road refurbishment project serves as a testament to how strategic planning, combined with quality execution, can transform dormant properties into valuable real estate assets. Through careful investment and design, this project not only enriched the look and feel of the area but also provided a valuable return on investment, ultimately benefitting the community, residents, and investors alike.
