CATHERINE STREET RG30 1DG
- 3-bed, 1-bath Converted to 7-bed, 7-bath HMO
Transformation in Progress
The work is underway. Check back for the completed transformation, final photography and investment outcomes.
Purchase Price
£310,000
Stamp Duty & Legal Fees
£21,000
Date of Purchase
November 2025
Project & Build Investment:
Turn-Key Service Fees
£42,000
Professional & Statutory Fees
£12,000
Refurbishment & Build Costs
£190,000
Final Fit-Out & Furnishings
£35,000
Total Start-Up Cost
£279,000
Key Metrics
Estimated Current Value
£725,000
Estimated Gross Yield
11.68%
Estimated Cash-on-cash Return:
40.62% per annum
All Money Back in approximately
2.4 Years
Gross Monthly Rental
approx. £5,775
Monthly Profit
approx. £2,183
Summary Renovation for Preview:
Complete transformation into a 7-bedroom, 7-bathroom HMO, including a large L-shaped dormer conversion, modern communal kitchen/diner, premium en-suites and landscaped garden. The property received comprehensive electrical, plumbing, heating, fire safety and energy upgrades, including solar PV with battery storage, alongside a full internal redesign and high-quality contemporary finishes. Delivered as a fully compliant, high-spec and low-maintenance HMO designed for strong rental demand and long-term value.
Before
3 Beds | 1 Bath | 2 Receptions
Catherine Street Project began as a traditional Victorian terrace with a practical layout,
established services and plenty of scope for rethinking how the space could be used.
The ground floor comprised an entrance lobby, hallway, two reception rooms, fitted kitchen and bathroom. Upstairs were three bedrooms with limited storage and a single shared bathroom.
Outside, an enclosed rear garden with pedestrian access offered useful additional space, while the property already benefited from mains services and gas central heating.
Structurally, the property provided a solid foundation, but its traditional configuration was not suited to modern shared living.
The opportunity was to rethink the layout from the ground up and use the available space more effectively.
After
7 Beds | 7 Baths | HMO
Catherine Street now presents as a contemporary seven-bedroom HMO, combining additional accommodation with modern shared spaces and upgraded building systems.
- Seven double bedrooms, each with a private en-suite.
- Large communal kitchen/diner, with integrated appliances and dedicated tenant storage.
- L-shaped dormer conversion, creating additional accommodation within the roof space.
- Upgraded electrical, plumbing and heating systems throughout.
- Modern fire-safety provision including fire alarm, emergency lighting and FD30 fire doors.
- Contemporary finishes and bespoke joinery throughout the accommodation.
- Landscaped rear garden providing a practical, low-maintenance outdoor space.
- EPC A rating reflecting the property's energy-performance rating.
A complete reconfiguration of a traditional Victorian terrace into a modern seven-bedroom HMO, with space, functionality and specification considered throughout.
Renovations Made
RPG took the property through a full refurbishment and reconfiguration, creating a 7-bed, 7-bath HMO configuration through extensive internal works and a large L-shaped dormer conversion.
The project focused on creating additional accommodation while upgrading the property’s underlying systems and shared spaces.
Key works included:
Space creation
Full dormer loft conversion and internal reconfiguration to create seven bedrooms with private en-suites.
Structural works
New partitions, structural alterations, compliant escape routes and associated fire-safety construction.
Building services
Complete electrical rewire, new consumer unit and full plumbing upgrade.
Heating & hot water
New central heating system, radiators, towel rails and sanitaryware, supported by a 40kW boiler and 300L cylinder.
Fire & safety
Fire alarm system, emergency lighting and FD30 fire doors incorporated throughout the property.
Interior specification
New plasterwork, decoration, bespoke joinery, contemporary fittings and a new composite entrance door.
Communal living
Large kitchen/diner with integrated appliances and dedicated tenant storage.
External works
Rear garden improvements and landscaping to provide a practical outdoor amenity.
Project completion
Snagging, relevant certification and warranties completed as part of the delivery process.
The result was a substantial transformation — turning a traditional three-bedroom terrace into a purpose-designed shared-living property with modern accommodation and upgraded
infrastructure.
Before & After
Historical figures from a specific project and period. Results are not representative of all projects and are not indicative of future performance. Figures may depend on assumptions, financing arrangements, operating costs, occupancy, market conditions and other project-specific factors.