ADDING VALUE TACTIC 🏡📈 How Victorian-era properties makes reconfiguration possible. The Victorian terrace seemed like a standard 3-bed investment. Solid location, decent condition, but nothing remarkable about it. Until I noticed something unusual in the floor plan. The bathroom was enormous – almost bedroom sized. It sat directly above the kitchen in the typical Victorian off-shot. This was wasted space in a prime location in the house. I calculated that adding a fourth bedroom would significantly increase value: the GDV. But where would the bathroom go? The landing had an awkward alcove that served no purpose. With some creative plumbing and moving partition walls, we could fit a compact bathroom there. The conversion cost £10,500 all-in. Moving the bathroom, adding stud walls, and creating a new bedroom. When we had the property revalued, it had jumped by £25,000. That's a 40% return on investment from a simple reconfiguration. The rental value increased from £850 to £1250 per month (as a single let). Moreover, with correct amenity, and safety standards, the property could now be adapted to appeal to professional sharers rather than just families (e.g. HMO) if so desired. This changed its entire investment profile. Higher yields, more robust demand, and stronger appreciation. All from recognizing that Victorian properties can be reconfigured. The layout wasn't set in stone – it could be reimagined. This taught me to see properties not as they are, but as they could be. Want to learn how to spot hidden value in ordinary properties? Join Derbyshire and Yorkshire's most exclusive property club. We SOURCE 🎯 We SUPPORT🤝 We MANAGE 🏡 We CONNECT ❤️ DM the word ✨️VIP✨️

Posted by James Lovell-Smith at 2025-04-10 10:03:06 UTC