BTL in Cheshire

BTL in Bowdon, 2-to-3 Bed Apartment Conversion

This value-add opportunity in Bowdon, Altrincham offers the potential to reconfigure a spacious 908 sq ft ground floor apartment from a two-bedroom, two-bathroom layout into a more desirable three-bedroom home.

The strategy focuses on relocating the kitchen to create an open-plan kitchen, living and dining space while making better use of the existing footprint. The property benefits from high ceilings, character features, its own private entrance, allocated parking, patio access and communal gardens. Located within walking distance of Altrincham, Hale and the Metrolink, it offers strong resale and rental appeal.

**FINANCIALS**

* Purchase Price: £370,000
* Purchase Costs: £127,400
* Sourcing Fee: £4,000
* Refurbishment Cost: £27,000
* GDV: £485,000
* Potential Profit on Sale: Approx. £53,000

**KEY SELLING POINTS**

* Prime Bowdon location
* 908 sq ft ground floor apartment
* Potential to convert from 2 to 3 bedrooms
* Open-plan kitchen/living/dining layout
* Character Victorian mansion conversion
* Private entrance
* Allocated parking
* Patio access and communal gardens
* Walking distance to Altrincham, Hale and the Metrolink
* Strong resale and rental demand
* Lower-complexity value-add opportunity