£ 80,000
Added: 12/11/2024
Profit pa£7,080
ROCE77%
Yield12%
Property description
Strategy: HMO
Sourced is pleased to present a newly refurbished student HMO in Middlesborough, TS3.
This fully let HMO generates a monthly rent of £1,020, netting £589.88 per month after mortgage interest and management costs. All other monthly expenses are covered by the tenants.
Ideally located close to the University, this well-placed accommodation is maintenance-free due to its recent refurbishment. With a ROCE of 77% and a gross yield of 12%, this property represents an excellent hands-free, managed investment opportunity.
The financials:
▪ Purchase price: £80,000
▪ GDV: £105,000
▪ Annual profit: £7,080
▪ ROCE: 77%
▪ Yield: 12%
Sourced reference: 969942711996797
Location map
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.
