Parrin Lane 1, Monton

Parrin Lane 1 is the first of 3 properties to be completed and transformed into a 5 bedroom all ensuite HMO. This was an exciting project for both us and our client. They wanted a specific theme and colour scheme to be applied throughout the property so we worked together to turn this 3 bed family home into an amazing 5 bedroom HMO. Each room has its own unique feel and unique design giving perspective tenants a selection of rooms to chose one as oppose to using the same design throughout.

The Numbers.

Purchase PriceConstruction CostGross Rent
£165,000 £115,000 £37,500

As prices continue to rise on a national level, this property was purchased for a mere £165,000. If you are a local investor then you know that this is a great price considering the location and the potential of the property. The current market price for a similar property prior to our refurbishment is now touching £200,000.

The Before.

Before 3D Tour

Redefining space.

This was an excellent example of what adding a dormer to your property can do to the space (and the price) of your investment. The client decided to go all the way on this boutique property by adding a 26 sqm dormer. Of course, an en-suite comes as standard which makes this room a great place for independent students to get work done one the weekends.

Existing Floor Plans

This property was previously a standard Salford Council house with 3 bedrooms and 2 living/dining rooms. This ensures that there is ample space to reconfigure the properties purpose into a 5 bedroom HMO for students.

It was evident that this property has been neglected over the years. We were excited to start this project and give it the long overdue TLC that it deserved.

 

Proposed Floor Plan

Thanks to the size of the property, we managed to create 5 rooms within the original building with minor structural changes. The only structural changes that were completed are removal of all 3 chimney breasts throughout the property swell as 2 new door openings throughout 2 masonry walls.

With the loft space in this property, we could have easily produced 2 extra rooms on the Second Floor by creating a dormer on the back of the building. This would however require a planning application.

Being outside of article 4, the client decided to go ahead with a simple 5 bedroom HMO scheme instead however the option of adding two more rooms is always there.

Scope Of Works

The After.

The Completed 3D Tour

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Seedley Park Road, Salford