HMO in Fareham, Turnkey

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.
This deal is suitable for hands off investors, suitable for investors with limited time or for overseas investors.
This property is a fully operational, licensed HMO.
This property is currently tenanted and is able to create day 1 cashflow.
This is a turnkey property investment opportunity, meaning that the property does not require any refurbishment, allowing you to earn cashfow or sell the property efficiently.

• TURNKEY LICENSED HMO IN FAREHAM
• Five bedroom HMO
• Fully tenanted generating a yearly income of £29,220
• Three other licensed HMO properties available from same vendor, all currently tenanted achieving similar investment returns.

Financial Information
Current value: £235,000
Purchase price: £210,000
Purchase costs: £15,050
Refurb/works cost: £0
Sourcing fee: £4,000
GDV: £235,000
Monthly profit (£): £716
Annual profit: £8,594
Monthly rent: £2,435
Annual rent: £29,220
ROCE (%): 18%
Yield: 12%
Money left after refinance: £48,800
Investment required: £91,477