So, if we go in through the hall and then turn right we come to what is probably the master bedroom, and it’s all very dated, there’s a couple of heaters there, looks like one’s a gas and one’s an electric. They need to be replaced with proper central heating, and there’s some damp staining on the wall there which I think is from the steps to the front door of the flat next door which is probably easily sorted.
Across here is the living room with some furniture which the previous owners have left, gas fire, again storage heater, it’s a major job getting the central heating in although it shouldn’t be too expensive.
And then across here it’s quite interesting because we’ve got wc and a bathroom, missing bath panel, but what I’d like to do is put a door across this lobby here and then knock that wall down to make the wc and the bathroom all one, and just redo it all. I think it’ll make it very attractive.
Then over here we’ve got the second bedroom which, again, is a good size, storage heater, all just dated really.
And then here is the kitchen which is quite an interesting layout which I hate because there’s a lot of space down this side here out towards the back door, and then we’ve got a couple of floor units here and space for the washing machine down there and some eye level units over. There’s the sink unit and then there’s this little lobby where the cookers been tucked away.
So, what I think I’ll probably do is, you can’t see it, but behind that paneling, there is a window so I could possibly put a sink in or at least maybe just take that out and put the fridge and the freezer in and then move the back door to where the window is, and then brick up where the door is, and then that means I could then put units all the way down this side here, down to where the door is, and have the cooker on that side and maybe the sink unit just at the end there and then have the door going out through there and clear away the units on this side so there’s a good passageway through, and I think that makes a lot more sense.
But I’m very pleased with this property, it’s going to make a very nice project, and it’s going to be worth quite a bit of money when I finish with it, hopefully, if I do it properly.
I hope you found this video useful and informative, and if you did then please come over to my website thepropertyteacher.co.uk where you’ll find loads more great property-related resources including free special reports to download and my best-selling series of e-books which includes The Successful Property Renovators Workshop, 63 Common Defects In Investment Property And How To Spot Them, and if you’re just starting out in property or you want to grow your portfolio you may be particularly interested in The Successful Property Investors Strategy Workshop in which I’ll take you through exactly how I started and built my property portfolio starting literally with none of my own money, and how I built a portfolio of £2 million worth of property in just four years, that was starting from scratch.
I’ll take you through everything that I did right so that you can copy me and do the same, and I’ll also show you everything that I did wrong so that you can avoid the mistakes that I made and so that you can progress in property and be far more successful, far more quickly than I ever was.
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And until next time.
Here’s to Successful Property Investing.
Peter
Peter Jones
(ex) Chartered Surveyor, author and property investor
https://thepropertyteacher.co.uk
PS. By the way, I’ve rewritten and updated my best-selling e-book, The Successful Property Investor’s Strategy Workshop, which is an account of how I put together my multi-property portfolio, starting from scratch and with no money of my own, and how you can do the same.
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