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4 Bed Manchester — after renovation
AirUs · Renovation

4 Bed Manchester.
Full Renovation.

Acquired, converted and set up for short-term letting.

A full gut renovation on a Manchester property — stripped to brick, extended from three to four bedrooms, and redesigned from the ground up to perform as a short-term let.

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Project Breakdown

Financial Summary.

A full breakdown of capital deployed and the return generated.

Purchase Price (incl. legal & sourcing)
£285,000
Renovation Costs
£150,000
Total Capital Deployed
£435,000
Long-Term Rent Alternative
£20,000
Annual NET Income
£38,932
NET Yield on Capital
9%
This was a cash acquisition and full gut renovation — the property was stripped to brick and rebuilt to a short-let specification before going live.
The renovation budget reflects the scale of work carried out, including a dormer loft conversion and full reconfiguration across all floors.
Against a long-term rent alternative of £20,000 per year, the short-let approach generates nearly double the NET income.
Renovation Scope

Full Property Renovation.

A complete gut renovation carried out before the property went live — every room reworked, extended or rebuilt to a short-let specification.

1
Scope Of Works

What Was Done

  • Stripped back to brick
  • Dormer loft conversion — 3 beds to 4
  • Third-floor master suite, en-suite
  • Two bathrooms added — one per floor
  • Ground floor opened into one space
  • Full re-wire and new plumbing
  • Walls and ceilings skimmed and painted
  • New internal doors and skirtings
  • New kitchen for the open-plan layout
  • Fully furnished and staged for guests

A true gut job — the house came back a floor bigger and a bedroom richer.

2
Project Breakdown

Financial Summary

What went in, and what it now returns:

Capital Deployed
  • Purchase priceincl. legal & sourcing£285,000
  • Renovation costsfull refurbishment£150,000
  • Total capital deployedall-in investment£435,000
Annual net income
£38,932
Net yield on capital
9%
A cash acquisition and full gut renovation — stripped to brick and rebuilt to a short-let specification before going live.
The budget reflects the scale of work, including a dormer loft conversion and a full rework across every floor.

Against a long-term rent alternative of £20,000 a year, the short-let approach generates nearly double the NET income.

3
Part Of Full Management

Ongoing Management

Acquisition, renovation and setup are delivered as part of a planned short-term letting approach. Once live, performance is supported through:

Included In Management
  • Revenue management and demand-led pricing
  • Guest communication and vetting controls
  • Cleaning, inspection and maintenance coordination
  • Owner reporting and performance visibility

This keeps the asset performing well beyond the initial renovation and setup.

Portfolio Preview

Follow the Renovation Journey

Before & After

Full Photographic Record.

Browse the complete before and after images from this renovation project.

AirSource
From £3,000 + VAT

Sourcing fees for similar projects start from £3,000 + VAT. Each project is assessed individually based on acquisition strategy, condition and capital requirements.

Part Of Full Management

Supported By Ongoing Management.

Acquisition, renovation and setup are delivered as part of a planned short-term letting approach. Once live, ongoing performance is supported through:

Revenue management and demand-led pricing
Guest communication and vetting controls
Cleaning, inspection and maintenance coordination
Owner reporting and performance visibility

This ensures the asset continues to perform well beyond the initial renovation and setup.

Learn More

View The Full Case Study.

For a full breakdown of what was done and the results achieved.

View Case Study

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If you are considering acquisition and full renovation as part of a short-term letting plan, apply below and we will review your project individually.

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