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Investment Opportunity! HMO 5 Bed, Semi-detached house, For Sale
Return on Investment per annum - over 25% net based on a 75% LTV mortgage.
Return on Investment per annum 10.9% net based on a cash purchase with £19,596 possible annually.
Total package price £178,473
- Rents from £85-£110
The property is comprised of:
- 5 Bedrooms
- 5 En-suites
- Large shared kitchen
- Shared living room
All properties are comple stripped out, gutted and rebuilt to spec. as a purpose built HMO running in line with all government guidelines. Each room comes fully furnished to a high specification and a full furniture pack is included in the above sale price.
- Smoke alarms and CO2 detectors fitted and interlinked
- Fire doors and intumescent strips
- Fully re-wired
- Brand new boiler
- New floor coverings (carpets, vinyls and laminates)
- Building Control, Gas Safety, FENSA and all other licences, guarantees and certificates are provided including Lawful Development Certificates as standard.
The management of the property would begin from the last week of the refurbishment when our Lettings Team would tenant the property with working professionals.
This hands free investment would suit investors looking for a comfortable/reliable monthly income with potential for a cash in, cash out reinvestment to build a lucrative portfolio.
Property advert Ref 3843410 - Is a property advert for marketing purposes only, the information has been supplied by the owner, estate agent or property portal and The House Shop makes no warranty as to the accuracy or completeness of the information. Furthermore we have no control over the adverts content. This property advertisement does not constitute property particulars. Please contact the advertiser to obtain any information regarding The Energy Performance Certificate regarding homes in England and Wales or Home Report for residential property in Scotland.