High Spec HMO - Prime Location
About this property
An excellent opportunity to acquire a tenanted HMO let on a commercial agreement until February 2029.
The property is currently being run as serviced accommodation, so there is potential for the new owner to take this over and significantly increase returns from the end of the current contract.
Financials:
Purchase price = £360,000
GDV = £385,000
ROCE = 20%
Gross yield = 10%
The property is finished to a very high standard as the pictures display and all 4 rooms have en-suite facilities.
Please contact for further info.
Investment calculators
Need finance? Sourced Financial Services specialise in HMO mortgages and can secure same-day decisions in principle.
Speak to a brokerAssumes English SDLT rates and 3% additional property surcharge. Welsh LTT and Scottish LBTT differ. Always confirm with your solicitor.
Ltd company (SPV) purchases pay the same additional-property SDLT rates, but mortgage interest is fully deductible against rental profits.