Investment Opportunity: 4-Bed HMO Conversion in Ashton-Under-Lyne

Presenting a high-yield investment opportunity within Ashton-Under-Lyne, Greater Manchester. Originally a 3-bedroom end-terraced property, this asset can be successfully converted into a four-bedroom HMO, maximising rental income potential.

Key financials:
▪ Purchase price: £165,000
▪ Refurb costs: £55,000
▪ GDV: £250,000
▪ Annual profit: £16,087
▪ Yield: 11%
▪ ROCE: 27%

▪ Current value: £175,000
▪ Purchase costs: £10,000
▪ Sourcing fee: £2,000
▪ Refinance & rental metrics
▪ Money left in deal: £59,350
▪ Monthly revenue: £2,200
▪ Annual revenue: £26,400
▪ Monthly net profit: £1,340

This property represents an excellent opportunity for investors seeking strong cash flow and long-term capital growth in an established rental market.

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.