Part 5/7:
In terms of structural integrity, the original bedroom had aged plaster that required complete removal, allowing for the introduction of modern insulation systems under the floorboards and in the loft. This effort not only enhanced the living conditions but also ensured noise reduction between rooms, creating a comfortable living space.
Breakdown of Costs: Financial Analysis
The total investment for renovating the flat came to about £240,000, which included the purchase price, fees, and renovation costs. After completing the transformations, the property's market valuation rose significantly, with a new listing price of £375,000. The anticipated rental income for this two-bedroom property is projected between £1,800 to £2,000 monthly, offering a strong return on investment.