The property consisted of:
- Kitchen/ dining room
- Living room
- Two double bedrooms
- Single bedroom
- Shower room
Although the property already had three bedrooms, it did not meet the specifications to qualify for an HMO licence as the third bedroom was too small. Our client wanted to convert the property to be eligible for an HMO licence, so our in-house Architect drew up plans that included changing the living room to a bedroom, and using the single bedroom as a snug so that tenants still have a living room.
The renovation work included:
- Converting the existing living room into a bedroom.
- Converting the existing single bedroom into a snug.
- Upgrading the bathroom and shower room.
- Redecoration throughout.
- New flooring throughout.
- New furnishings.
- All requirements to meet HMO standards.
The HMO licence has now been granted for the property and this, along with upgrading the bathroom, shower room, decoration and furnishings, has generated an increased rental income of £1,500pcm for our client.
|Valuation||£350,000 (+ £20,000 renovation costs)|
Contact us if you would like to discuss maximising the potential of your Edinburgh lettings property.
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