£ 80,000
Added: 14/04/2025
Profit pa£18,225
ROCE37%
Yield20%
Property description
Strategy: HMO
This is an exciting opportunity to purchase a property and transform it into a 5-bed HMO. Located in a great area for professionals, the property offers generously sized bedrooms, making it highly attractive for tenants. There's also potential for the layout to accommodate 5 bedrooms and 6 people, maximizing rental income. A project manager and build team are already in place if required, ensuring a smooth and efficient conversion process.
The financials:
▪ Purchase price: £80,000
▪ GDV: £175,000
▪ Refurb costs: £80,000
▪ Annual profit: £18,225
▪ ROCE: 37%
▪ Gross yield: 20%
Sourced reference: 961558278818638
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.
