31 new road, chippenham
Grade II listed 15-bed HMO | Full renovation | GDV £1.25M
A full back-to-brick renovation of a Grade II listed building into a 15-bed HMO. Modernised to meet all compliance and comfort standards while preserving its character.
Location
Chippenham
Scope
Full refurbishment of a listed building
Type
HMO
Outcome
High-value, high-yield rental asset
financial breakdown
| Purchase Price | £600,000 |
| Build Costs | £400,000 |
| Professional Fees | ~£60,000 (estimated at 10% of build) |
| Finance Costs | ~£80,000 (estimated at 10% of purchase + build) |
| Total Cost | £1,140,000 |
| Gross Development Value (GDV) | £1,250,000 |
| Yield | ~13.2% (assuming £165,000 annual gross rent) |
| ROI | ~9.65% |
| Profit | ~£110,000 |
