Case Studies

6 Bedroom HMO, Stoke, Stoke-on-Trent

COMPLETED

This is a mid terraced property located in Stoke, Stoke-on-Trent. it is ideally situated for local employers. This property was purchased below market value and will be renovated to our usual high standards.

– Purchase Price: £115,000
– Renovation: £60,000
– Gross annual income: £32,000

6 Bedroom HMO, Stoke, Stoke-on-Trent

COMPLETED

This Property is Situated in the city centre of Stoke-on-Trent. All rooms are done to a high spec and attract top rents for this area. This was purchased for 122k, with a renovation of 48k. This project was completed start to finish in 12 weeks.

– Purchase Price: £122,000
– Renovation: £48,000.
– Gross annual income: £32,000
– Valuation post refurb: £175,000 (estimate)

5 Bedroom HMO, Stoke Town, Stoke-on-Trent

COMPLETED

This Property is Situated in Stoke Town of Stoke-on-Trent,. All rooms are done to a high spec and attract top rents for this area.

– Purchase Price: £100,000
– Renovation: £38,000 + £7,000 for furnishings.
– Gross annual income: £25,020
– Net annual income: £19,500

4 Bedroom HMO, Stoke, Stoke-on-Trent

COMPLETED

This Property is Situated in Stoke town centre of Stoke-on-Trent. All rooms are done to a high spec and attract top rents for this area.

– Purchase Price: £90,000
– Renovation: £30,000.
– Gross annual income: £24,360
– Net annual income: £14,724

4 Bedroom HMO, Basford, Stoke-on-Trent

COMPLETED

This Property is Situated in Hartshill, Stoke-on-Trent. This property had really bad damp and required a full DPC throughout, and was renovated to the usual high Pegasus Property standard. It has 4 double bedrooms, and 2 shared bathrooms.

– Purchase Price: £100,000
– Renovation: £30,000.
– Gross annual income: £18,000

13 bed HMO, Glebe Street, Stoke-on-Trent

UNDER RENOVATION

13 bed HMO approved for our clients. Right in the heart of Stoke town centre, 5-minute walk from the train station/Staffs University and next door to a 20 million pound shopping centre/bars and restaurants/apartments development.

Purchase Price: £181,000
Renovation: £229,000
Gross annual income: £62,00
Net annual income: £41,000
Valuation post refurb: £520,000

7 Bedroom HMO, Hanley, Stoke-on-Trent.

COMPLETED

This is currently going through planning. We are taking an existing 4 bedroom, end terraced Victorian property, and converting it into a 7 bedroom, all ensuite HMO. This will be a change of use from C3 Dwelling to Sui Genesis HMO. This will include a loft conversion, and a single storey extension to the rear to expand the lounge / kitchen space.

Purchase price: £127,000
Renovation: £85,000
Gross Rental Income: £37,800
Net Rental Income: £30,600
Estimated End Value: £230,000.

4 Bedroom HMO, Stoke, Stoke-on-Trent

COMPLETED

This is a mid terraced property located in Stoke, Stoke-on-Trent. it is ideally situated for local employers. This property was purchased below market value, and will renovated to our usual high standards.

– Purchase Price: £55,000
– Renovation: £17,500
– Gross annual income: £16,800
– Net annual income: £8,500
– Valuation post refurb: £85,000

4 Bedroom HMO, Stoke, Stoke-on-Trent

COMPLETED

Located in Stoke Town, Stoke-on-Trent.

– Purchase Price: £100,000
– Renovation: £35,ppp
– Gross annual income: £18,600
– Net annual income: £12,060

4 Bedroom HMO, Stoke, Stoke-on-Trent

COMPLETED

This is a mid terraced property located in Stoke, Stoke-on-Trent. it is ideally situated for local employers. This property was purchased below market value, and will renovated to our usual high standards.

– Purchase Price: £65,000
– Renovation: £14,000
– Net annual income: £8,500
– Valuation post refurb: £85,000
– Money left in: £27,000
– ROI 30%

6 Bedroom HMO with 7 bathrooms, Crewe, East Cheshire.

COMPLETED

Located in Stoke Town, Stoke-on-Trent.

This was purchased by our clients at auction. They engaged a local builder, who misquoted the job and walked off the site because he could not deliver the project to his originally agreed price. After the project had no progress made on it for nearly 12 months, Pegasus Property was commissioned to deliver this project. We found that the project was a building regulations nightmare, with the extension being built incorrectly, resulting in a new roof, underpinning the foundations, sorting out steel RSJs which were fitted incorrectly, and fitting external cladding for insulation due to the cavity being built incorrectly. This project was a real challenge, but after a lot of hard work, we finally delivered the project, fully compliant with building regulations to our clients.

4 Bedroom HMO, Shelton, Stoke-on-Trent

COMPLETED

This is a mid terraced property located in Shelton, Stoke-on-Trent. it is ideally situated for local employers and the university. This property was purchased below market value, and will renovated to our usual high standards.

– Renovation: £19,000
– Net annual income: £8,500

2 Bedroom converted into a 3 bedroom Mini-HMO, Stoke, Stoke-on-Trent.

COMPLETED

Located in Stoke Town, Stoke-on-Trent.

– Purchase Price: £50,000
– Renovation: £21,000
– Net annual income: £5,600
– Reval: £95,000
– ALL MONEY OUT

3 bedroom into a 6 bedroom all ensuite HMO, Basford, Stoke-on-Trent.

UNDER RENOVATION

A mid terraced property that is very large inside, allowing us to convert this 3 bedroom house into a 6 bedroom all ensuite HMO. This property is situated in the middle of the University Hospital of North Staffordshire, Newcastle town centre, and Festival Retail/Business park making it ideal for young working professionals.

Purchase price: £93,000
Renovation: £81,000
Gross Rental Income: £30,120
Net Rental Income: £21,970
Estimated end value: Bricks and mortar: £190,000
ROI: 38.4%

Cheshire Cheese pub conversion into 9 self contained flats.

UNDER RENOVATION

Located in Tunstall, Stoke-on-Trent.

We obtained planning permission on this pub to convert into 9 flats.
Purchase Price – 125k
Total square meters 395m2
Conversion cost 247k
Gives a conversion cost of £625 per m2 9 flats into 395m2 = 44m2 per flat (including communal spaces)
GDV 550k
36k a year net profit.

3 bedroom into a 6 bedroom all ensuite HMO, Birches Head, Stoke-on-Trent.

COMPLETED

We are taking an existing 3 bedroom, mid terraced Victorian property, and converting it into a 6 bedroom, all ensuite HMO.

Purchase price: £120,000
Renovation: £68,500
Gross Rental Income: £29,292
Net Rental Income: £22,210
Estimated end value: Bricks and mortar: £180,000 Commercial: £220,000

2 bed house into a 3 bedroom Mini-HMO

UNDER RENOVATION

Located in Basford, Stoke-on-Trent.

We are taking an existing 2 bedroom, terraced property, and converting it into a 3 bedroom, mini HMO.

Purchase price: £58,000 R
enovation: £22,000
Gross Rental Income: £13,500
ROI: 48% (after refinancing)