This is an excellent opportunity to convert a property into a 4-bed Mini Mo in a great area for professionals. A build team and project manager are already in place if required, making the process smoother. With a return on capital employed (ROCE) of 54% and a gross yield of 16%, the investment potential is strong. Best of all, no HMO license is required for a 4-bed, adding to the appeal of this deal.

The financials:
▪ Purchase price: £62,000
▪ GDV: £165,000
▪ Refurb costs: £6,200
▪ Annual profit: £12,375
▪ ROCE: 54%
▪ Yield: 16%

Sourced endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and are not to be relied as statements of representation or fact. The selling agent may or may not be the sole agent and will provide confirmation upon request. Any services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency given. All measurements have been taken as a guide and are not precise, please be aware some of the details may be waiting vendor approval. If you require confirmation or further information, please contact the selling agent. Fixtures and fittings are to be confirmed with the seller and not relied upon when listed. Sourced are not responsible for any loss of monies due to the purchase or purchase process with any property listed.