19-Bed HMO in Sunderland

The proposed strategy is to acquire and operate the property as a house in multiple occupation, subject to licensing, planning and local authority requirements. The aim is to create strong rental demand and diversified monthly income across several rooms.

Financial Information
Current value: £600,000
Purchase price: £600,000
Purchase costs: £217,000
Refurb/works cost: £31,250
Sourcing fee: £12,000
GDV: £600,000
Monthly rent: £9,056
Annual rent: £108,672
Investment required: £248,250