Strode Road, Dollis Hill, NW10

Property Background:

A two bedroom first floor flat located near to Dollis Hill tube station in Willesden.

Current Market Rent:

If rented as a two bedroom flat the market rent is between £1300 – £1400 PCM Gross

HMO Room Rent Achieved for the property:

£2100 PCM

How we maximised on this property for our client:

Conducted a full internal refurbishment using Regal Property Services to carry out and manage the work, the refurb was carried out to Brent Council additional licencing standards creating three lettable rooms including one with en-suite facilities. After managing the building work we let the three rooms to professional tenants, ranging from a trainee architect, a service staff member working at a five star hotel in Central London and an office worker for £750 PCM for the en-suite room and the other rooms at £700 PCM and £650 PCM giving a gross total of £2100 per calendar month. How this benefits our client: The refurb in itself added to the property valuation. The achieved rent was taken from £1400 PCM to £2100 PCM (an increase of £700 PCM) other benefits include limiting void periods in the property when a tenant vacates, the creation of a highly demanded product at the moment, neutral internal design means the property can be let as rooms or a two bedroom flat allowing flexibility and in conclusion providing a professionally managed property room let model maximising on yield.