£ 70,000
Added: 14/04/2025
Profit pa£13,050
ROCE30%
Yield18%
Property description
Strategy: HMO
This is a great opportunity for those who are just starting in HMOs or prefer managing smaller HMOs. The property can be converted into a 4-bedroom HMO, with no license required, making the process simpler and more accessible. A build team and project manager are also available if needed, providing added convenience and support for your investment journey.
The financials:
▪ Purchase price: £70,000
▪ GDV: £150,000
▪ Refurb costs: £70,000
▪ Annual profit: £13,050
▪ ROCE: 30%
▪ Gross yield: 18%
Sourced reference: 827172328231458
Disclaimer
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.
Due diligence
No information supplied.
