Earl Street, Warrington
We purchased the property in July 2018 and used a hyrbid planning strategy to achieve our desired outcome. Using permitted development rights, we gained permission for a number of flats on the ground floor utilising a dilapidated garage. We were then able to use to gain permission for a shop & HMO.
The property was originally rented to a hairdresser downstairs and a tenant on housing benefit above. They were in situ as we went through the planning process and moved out and were re-homed straight away as we started works.
We demolished the rear garage and rebuilt it and with the planning, were able to attach it to the main building creating a large kitchen/living space for 4 occupants. The retail unit was reduced in size to make way for a bedroom for the HMO, and then was re-decorated as a shell for a new commercial occupier.
The build went to schedule and we were able to fully let the rooms to young professionals within a couple of months. The retail unit is now also let to a convenience store on a 15 year lease.
- DPC on ground floor
- New internal walls throughout
- New ground floor extension to form kitchen and dining/living space to suit HMO license specifications.
- New en-suites throughout to 4no. bedroom
- Creation of a small 30m2 retail unit to house a convenience store
VALUATION: Originally a commercial unit and 2-bedroom flat, we bought for £91,000, we received an end valuation of £230,000