Login Not a member?Register

15 room HMO

0
Ref#: PEN-05829
Stourbridge, DY9
£695,000
1
Ref#: PEN-05829
Stourbridge, DY9
£695,000
2
Ref#: PEN-05829
Stourbridge, DY9
£695,000

Description

Comprises 2 buildings/3 dwellings

One x 5 bed HMO and two x 5 bed flats - Total of 15 rooms

One allocated parking space per room

Great location:-

5 min walk from local train station

2 minutes to bus stop

Close to local amenities

1 mile from popular Merry Hill Retail Park

Recently refurbished to a high standard, all en-suite, sprinkler system throughout, door entry system

All rooms currently let, producing a total monthly income of £6,938 or £83,256pa

Gross ROI 12%

This is a D2V, off market and fully exclusive deal

Property Videos

Property Location

Similar Properties

For Sale
£72,000

Russell Street, Bradford

Bradford, BD21 2JP
sq ft:

Investing in the North of England?, this deal is for you.

A mid Terrace property in Keighley near Bradford that has been converted into 3 flats but needs

renovating throughout to bring up to high quality standard for tenants to live. The flats have their

own electricity supply which has been split already.

Asking Price - £72,000

Refurb - £28,000

Potential to be taken on a Gauraneteed rent scheme for 5 years once purchased with a gross Yeild of 11%.

Do contact me on 07707228474.

For Sale
£125,000

4-5 Bedroom Wakefield HMO

Wakefield, WF1
sq ft:

Dear investors, I would like to share an opportunity found in Wakefield. Feel free to contact us at any time.

4-5 Bed HMO

20 min walk to train station

15 min walk to Wakefield Town Centre

Purchase price: £125,000

Refurb: £26,305

Legals, HMO licence, broker fees: £2,600

Stamp duty: £3,750

Sourcing fee: £2,500

Gross rent: £2125

MOE 12%, Management 12%, Insurance, Bills and Cleaners: £962.75

Mortgage at 4.0% and £155,000 DUV: £387.50

Cashflow before refinance: £1,162.25

Cashflow after refinance: £774.75

Video viewing and full details available

Company: Eden Sourced Ltd, www.edensourcedltd.com

For Sale
£200,000

6-7 Bed Wakefield HMO

Wakefield, WF1
sq ft:

Dear investors, Eden Sourced Ltd would like to share an opportunity found in Wakefield. Feel free to contact us at any time.

6-7 Bed HMO

7 min walk to train station

5 min walk to Wakefield Town Centre

Purchase price: £200,000

Refurb: £47,850

Legals, HMO licence, broker fees: £2,600

Stamp duty: £7,500

Sourcing fee: £2,500

Gross rent: £3,000

MOE 12%, Management 12%, Insurance, Bills and Cleaners: £1,263.58

Mortgage at 4.0% and £275,000 DUV: £687.50

Cashflow before refinance: £1,736.42

Cashflow after refinance: £1,048.92

Video viewing and full details available

Company: Eden Sourced Ltd, www.edensourcedltd.com

For Sale
£205,000

Nottingham HMO

Nottingham, Nottingham, NG7
sq ft:

v Area-  Nottingham

v 5 Bedrooms 2 bathrooms 1 kitchen

v Fully tenanted, Turn-key investment

v HMO licensed until December 2019, Full building survey done

v Purchase Price-  £205,000

v Total investment cost including all fees (stamp duty, lawyer, sourcing, HMO license) etc- £218,750

v Annual income - £22200

v 15 mins public transport/ 19 mins walk/ 5 mins drive to Nottingham Trent University

v 20 mins public transport to Nottingham Hospital

v 20 mins public transport to Nottingham City centre

v Gross Yield - 10.15%

v Potential to increase rent to 24k minimum and to attract better tenants after a full refurb (Recommended)

v If remortgaged at 75% of £250,000 (after refurb), Net Return on Investment is 16.64%

v Spoken to the valuer at a prominent Nottingham Mortgage firm, he is confident to get valuation of £270,000 if the refurb is in great quality

This will increase the ROI up to 25% after remortgage.

For Sale
£180,000

6 Bedroom HMO

Birmingham, B20
sq ft:

An opportunity for a 6 bedroom HMO in Birmingham B20. The property was previously being used as an unlicensed HMO and will require licensing. The vendor has agreed to repaint all walls, replace the carpets and install new kitchen worktops!

ROI: 20%

Potential monthly cash flow: £1200