250 WRS
Results and Investment Returns
Our work on 250 Wellington Road South showcases Aura Ventures' commitment to elevating living spaces:
Original Purchase Price: £370,000
Monthly Rental Income: £13,965
Final Valuation: £1.465 million
Project Overview
Purchased in 2018, this office building offered permitted development for up to nine flats. Collaborating with our planning team and architects, we envisioned a layout that would best serve the co-living market, ultimately creating seven high-spec flats with a total of 20 bedrooms. Our aim was to maximize space while enhancing the building’s original character, appealing to Manchester's professional crowd interested in upscale co-living.
Development Journey
The project spanned 18 months, focusing on structural upgrades and reconfigurations to meet our vision. Key changes included:
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Basement Transformation: We undertook part-tanking and constructed new light wells to make the basement habitable.
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Upper Floors & Loft Conversion: The ground and first floors received a comprehensive refurbishment. In the loft, we reconfigured the roof and added skylights to create an additional apartment.
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External & Heritage Enhancements: Situated near a conservation area, the property required thoughtful design. We installed conservation-style sash windows and maintained structural integrity to respect the area’s heritage while creating a modern living experience.
Throughout the project, our interior designer ensured each unit embodied a high-end aesthetic tailored for young professionals, combining functionality with style.
Conversion Highlights
Our extensive work included:
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Full damp-proofing and ground-floor DPC installation.
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Structural enhancements with RSJs, allowing us to redesign internal layouts.
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New internal walls and 3-phase mains electric installation.
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Soundproofed conservation-style windows to complement the building’s heritage.
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En-suites across all 20 bedrooms and the creation of seven kitchen/dining/living spaces in line with HMO standards.
