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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
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.
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
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
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.
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
