Hedley Street
Results and Investment Returns
This 3-bedroom house was transformed into a spacious 6-bedroom, all-ensuite co-living HMO.
Original Purchase Price: £125,000
Monthly Rental Income: £2,747
End Valuation: £220,000
Project Overview
Located just a 12-minute bus ride from central Newcastle, this former 3-bedroom house was converted into a spacious 6-bed HMO with six large double en-suite bedrooms. With a loft conversion and a full internal reconfiguration, the property is now a thriving co-living space for young professionals.
Development Journey
The project involved:
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Loft Conversion: Adding a double en-suite bedroom.
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Internal Reconfiguration: Transforming the lounge into a large communal kitchen and creating five additional en-suite bedrooms.
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Modernization: Installing new internal walls, en-suites, and cycle storage.
Conversion Highlights
Key works included:
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New loft conversion with en-suite.
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Structural repairs and removal of deteriorated woodwork.
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New en-suites for each bedroom.
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Spacious, fully-furnished kitchen and living space.
