"4-Bed Social Housing HMO in Ely"

Sourced are proud to present a 4-bedroom social housing HMO in Carlisle, 30K refurbishment required generating £11,711 pa hands off.

No Voids, No Management Fees, No Maintenance, Guaranteed Rent – This property comes with a social housing long term, making this a fully managed, hassle-free, guaranteed rent investment. Project management is included in the sourcing fee.

The Financials:
▪ Purchase price: £200,000
▪ Annual profit: £11,711
▪ Refurb: £30,000
▪ ROCE: 18%
▪ Gross yield: 10%

▪ Sourcing fee: £6,000
▪ Annual rent: £25,219

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.