CASE STUDY
 BIRMINGHAM

1/5

Originally a 4 bedroom Victorian terrace in Birmingham, that had been split into 3 self-contained apartments: 

  • 1 x studio apartment

  • 1 x 1 bedroom apartment

  • 1 x duplex 2 bedroom apartment

Although the flats had been split, other than the Council Tax, the services had not. When we purchased the property, two of the flats were extremely dated and in disrepair.

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We refurbished the 2 bedroom flat first by replacing the kitchen and bathroom, repainting all walls, ceilings and woodwork, and made good the walls where required.  We also replaced all floor covers and painted the exterior of the house and repaired the woodwork.  Finally, we split the services for this flat by installing a state of the art electric boiler.

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​We then refurbished the 1 bedroom flat at a cost of £5,000. Here, we replaced the kitchen and ensuite bathroom and repainted the walls, ceilings and woodwork.

Erdington Birmingham

Purchase price

Mortgage  

Deposit

Refurbishment 

Legals

SDLT

£165,000

£123,750

£41,250

£15,000

£1,000

£5,500

Total Purchase Costs
£62,750

Annual Income

Annual Costs

£18,420

£4,800

Annual Profit
ROI
£13,620
21.7%
New value
£200,000

Email Us: info@komoproperties.com 

West-Midlands ~ 0121 5140774 : Bucks ~ 01908 822766 Northants ~ 01604 269656 

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