This is an amazing opportunity to purchase a substantial 3 bed house in a sought-after area of Peterborough. The property can be converted into a highly profitable 6 Bedroom All En-Suite (4 Kitchenettes) Luxury HMO. Due to the vast size of the property no additional extensions are required. A full turnkey service is available, and example of past projects can be provided.

Peterborough is an important regional centre, providing employment, shopping, health, education, and leisure facilities for people across a wide catchment area. It remains one of the fastest growing cities in England. Peterborough fared well during the national and global economic downturn with increased investment underpinned by the city’s ambitions and new initiatives to support economic growth. The £600m regeneration masterplan for the city includes investment across various parts of the city and with a train into London in just over an our it’s a perfect commuter location.

Location: Peterborough
Strategy: BRRR HMO

The financials:
▪ Purchase price: £220,000
▪ Refurb costs: £140,000
▪ GDV: £460,000
▪ Annual profit: £18,363
▪ ROCE: 26%
▪ Yield: 12%

▪ Money left in: £71,637
▪ Gross rent p/a: £53,340
▪ Monthly net profit: £1,614
▪ Sourcing fee: £5,000

Interested?
Please contact me for more information.

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.