Hestia Home Development
Marischal Road
Development Management: Magdalena Skinner
Interior Design: Hestia Home Development
Lettings & Management: Hestia Estates Ltd
Gross Area: 863 sqft
The first floor one bedroom flat cost £120 000; it was converted to a two bedroom flat and the value rose to £240 000 in only three months. The flat had been let at £650per calendar month which post refurbishment was doubled to £1300 per calendar month.
The second floor one bedroom flat was purchased for £115 000 and lightly refurbished for £15 000 in just 4 weeks. After the refurbishment the value of the flat rose to £180 000.
Pre-refurbishment the flat was let at £650per calendar month; now the tenants are paying £1,079 per month.