Vienna Road was acquired as a cash purchase with the objective of creating a high-quality family rental property, increasing the value through refurbishment, and recycling capital through refinancing while retaining the asset long term.

The project involved a full structural and layout reconfiguration and was delivered over a six-month refurbishment period, followed by approximately one month to complete the refinance process with lenders and solicitors.

The Numbers

• Purchase price (cash): £166,000

• Refurbishment cost: £40,000

• Total investment: £206,000

• Post-refurbishment valuation: £235,000

• Refinance at 75% Loan to Value: £176,250

• Monthly rent achieved: £1,300

• Mortgage rate: 5.2% (interest-only Buy-to-Let)

• Monthly mortgage payment: approximately £764

• Net monthly cash flow: approximately £536

• ROI: 16.68%

The Refurbishment

This was a substantial refurbishment, approaching a near back-to-brick rework. The refurb included the removal of two chimney breasts and the removal of a structural wall, which required the involvement of a structural engineer and full building control inspection and sign-off.

The internal layout was redesigned to better suit modern living requirements. The former dining room was converted into a large kitchen-diner, while the original small kitchen was repurposed into a utility room. These changes significantly improved the functionality and rental appeal of the property.

The refurbishment works took approximately six months to complete, with a further period of around one month required to finalise the refinance process.

Investor Structure

This project was completed with the support of one private investor who provided £60,000 in capital. The investor was repaid in full on refinance, together with an agreed fixed return of 8 percent.

The property has been retained within the portfolio and now produces ongoing monthly cash flow.

Investment Rationale

Vienna Road was acquired as a cash purchase with a clear strategy to create a high-quality family rental, force appreciation through a comprehensive refurbishment, and recycle capital via refinancing while retaining the asset long term. The property was selected for its strong owner-occupier appeal and long-term fundamentals, ensuring both rental stability and capital growth rather than relying purely on yield.

The project involved a full structural and layout reconfiguration to modernise the home and materially improve its usability and market positioning, delivered over a six-month refurbishment period followed by approximately one month to complete the refinance. The investment was structured to repay the private investor in full on refinance while retaining the property within the portfolio, resulting in a high-quality, cash-flowing asset that combines sustainable income with long-term growth potential.