Projected Figures
Purchase Price:
£180,000
Renovation Costs:
£39,000
RICS Valuation Post Refurb:
£275,000
Potential profit*
£43,407
Bonnington Grove
Bonnington Grove is a beautiful quiet street located next to Victoria Path, in North Edinburgh. The property has some wonderful original features, including high ceilings and intricate cornice. The property was a large one bedroom property, containing a lounge with a box room off it and a large dining kitchen. We felt the property could be rearranged to form a good-sized two-bedroom property. With a south-facing living room and small garden to the front, the property had a lot of potential for a range of buyers.
Before
After
Stage 1
The property had been neglected for many years, with the previous owner not carrying out any maintenance work for some time. When we purchased the property it had been partially rewired and had a very dated (and dangerous-looking) heating system. A full rewire and heating system upgrade was first on the list of renovation works.
The box room off the lounge was not quite large enough to have a new kitchen fitted. Therefore we required architects and engineers input to move one of the walls (load-bearing) in the box room to create more space, by taking some space out of the previous large dining kitchen. This created a small but practical kitchen off the living room.
Before
After
Stage 2
By creating a new kitchen, we had two bedrooms to decorate. We relocated the boiler in the property from the existing kitchen into the new walk-in wardrobe in the newly formed bedroom. The property required a new bathroom, new kitchen and full redecoration throughout. We were very pleased with the end result, and hope you enjoy the before and after pictures.
Before
After
