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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.
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
4 Bed HMO in Barnsley with huge potential for growth. Already in good condition and well below market value. Very good area in Barnsley, a number of regeneration projects going on in the area. Very high buyer and rental market
A Freehold property converted into 5 self-contained flats.
1. Lounge, Large Kitchen, Bed 1 with en suite, Bed 2 with en suite.
2. Lounge, Kitchen, Bed 1, Bed 2, Separate shower room, separate w/c
3. Lounge/Kitchen, Bedroom with en suite
4. Lounge/Kitchen, Bedroom, separate shower room with w/c
5. Lounge, Kitchen, Bedroom with en suite.
Rental Income:
1. £115
2. £115
3. £85
4. £85
5. £85
Total £485pw
Total: £25,220pa
Electrics: Phase 3
Heating: Flat 1 Central Heating. Rest Electric wall heaters
Condition: Very Good.
· Decoration possibly required to re-let should the flats become available.
· Electric wall heaters need upgrading
Additional Information:
· Garage to rear
· Statutory Declaration and Indemnity Insurance policy will be required. Vendor owned it for 20 years.
· Been in family for approx. 40 years.
Please find below a fantastic 7 bedroom HMO purchase.
The property is a highly sought after area of Sunderland
with a high rental demand. The property is situated within walking distance of
Park Lane station for your national/regional bus and train services. The City
Centre and University campus is within 5 minutes making it ideal to rent out to
working professionals or students. There are several convenience stores within
walking distance. There will be no issues in renewing the HMO licence.
The property has just undergone a full refurbishment so the
buyer will benefit of the property being able to be let out as soon as a
furniture pack is assembled!
|
GROUND FLOOR |
FIRST FLOOR |
SECOND FLOOR |
OUTSIDE AREA |
|
Kitchen |
Bedroom 2 |
Bathroom + WC |
Rear Enclosed Yard |
|
WC |
Bedroom 3 |
Bedroom 6 |
|
|
Lounge |
Bedroom 4 |
Bedroom 7 |
|
|
Bedroom 1 |
Bedroom 5 |
|
|
|
|
Shower Room |
|
|
|
|
Bathroom + WC |
|
|
|
Address: Sunderland, SR2 7NQ |
|
|
Purchase
Price: |
£165,000.00 |
|
Mortgage
(85%): |
£140,250.00 |
|
Deposit
(15%) |
£24,750.00 |
|
Stamp
Duty: |
£4,207.50 |
|
Furniture
Pack: |
£5,995.00 |
|
Refurbishment: |
£0.00 |
|
Eternal
Fee: |
£4,995.00 |
|
Tenant
Find/Check: |
£875.00 |
|
Broker: |
£495.00 |
|
Solicitor: |
£750.00 |
|
Total
Outlay: |
£42,067.50 |
|
Gross
Rental: |
£1,581.67 |
|
Mortgage
Payment (3%) |
£350.63 |
|
Management
Fee (12.5%) |
£197.71 |
|
Net
Rental Income: |
£1,033.34 |
|
Net
ROI: |
29.48% |
|
FURNITURE PACK: (all brand
new) |
|
|
Bed Base + Mattress x7 |
|
|
Bedside Table x7 |
|
|
Drawer Pack -x7 |
|
|
Desk + Chair x7 |
|
|
Kitchen Pack (Microwave,
Kettle, Toaster) |
|
|
Cleaning Pack (Mop, Bucket,
Hoover) |
|
|
2 Seater + 3 Seater Sofa |
|
|
Coffee Table |
|
|
Dining Table + Chairs |
|
|
Fridge/Freezer |
|
|
Washing Machine |
Please find below a fantastic 7 bedroom HMO purchase.
The property is a highly sought after area of Sunderland
with a high rental demand. The property is situated within walking distance of
Park Lane station for your national/regional bus and train services. The City
Centre and University campus is within 5 minutes making it ideal to rent out to
working professionals or students. There are several convenience stores within
walking distance. There will be no issues in renewing the HMO licence.
|
GROUND FLOOR |
FIRST FLOOR |
SECOND FLOOR |
OUTSIDE AREA |
|
Kitchen |
Bedroom 2 |
Bedroom 6 |
Rear Enclosed Yard |
|
Utility Room |
Bedroom 3 |
Bedroom 7 |
|
|
Lounge |
Bedroom 4 |
|
|
|
Bedroom 1 |
Bedroom 5 |
|
|
|
Shower Room + WC |
Shower Room |
|
|
|
|
WC |
|
|
|
Address:
Sunderland, SR2 |
||||
|
Purchase Price: |
£145,000.00 |
Refinance Value: |
£170,000.00 |
|
|
Mortgage (85%): |
£123,250.00 |
New Mortgage (85%): |
£144,500.00 |
|
|
Deposit (15%) |
£21,750.00 |
Old Mortgage (85%) |
£123,250.00 |
|
|
Stamp Duty: |
£3,697.50 |
Equity Released: |
£21,250.00 |
|
|
Furniture Pack: |
£5,995.00 |
Equity in Property (15%) |
£42,500.00 |
|
|
Refurbishment: |
£10,000.00 |
% of Initial Investment
Returned |
43.76% |
|
|
Eternal Fee: |
£4,995.00 |
Gross Rental: |
£866.67 |
|
|
Tenant Find/Check: |
£875.00 |
Mortgage Payment (3%) |
£361.25 |
|
|
Broker: |
£495.00 |
Management Fee (12.5%) |
£108.33 |
|
|
Solicitor: |
£750.00 |
Net Rental Income: |
£397.09 |
|
|
Total Outlay: |
£48,557.50 |
|||
|
Gross Rental: |
£1,581.67 |
Property Type: |
House |
|
|
Mortgage Payment (3%) |
£308.13 |
Style: |
Terraced |
|
|
Management Fee (12.5%) |
£197.71 |
Bedrooms: |
7 |
|
|
Net Rental Income: |
£1,075.84 |
Garden: |
Rear Yard |
|
|
Net ROI: |
26.59% |
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REFURBISHMENT DETAILS: |
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Full Decorative Works Throughout |
ETERNAL FEE: |
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|
New Carpets / Flooring Throughout |
Sourcing of BMV |
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|
New Bathroom Suite |
Managing of Refurbishment |
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|
New Toilet x2 |
Help with Refinancing |
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|
Boiler Check and Service (CP12) |
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|
Site Clearance |
||||
|
Jet Wash and clear rear yard |
||||
|
FURNITURE PACK: (all brand new) |
||||
|
Bed Base + Mattress x7 |
||||
|
Bedside Table x7 |
||||
|
Drawer Pack -x7 |
||||
|
Desk + Chair x7 |
||||
|
Kitchen Pack (Microwave, Kettle, Toaster) |
||||
|
Cleaning Pack (Mop, Bucket, Hoover) |
||||
|
2 Seater + 3 Seater Sofa |
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|
Coffe Table |
||||
|
Dining Table + Chairs |
||||
|
Fridge/Freezer |
||||
|
Washing Machine |
🔵 NEW DEALS THIS WEEK 🔵
🏘️ Ref:202 🏘️
High demand student HMO in Leeds - an excellent hands off investment
5 bed 2 bath licensed and tenanted HMO, recently refurbished to high standard
Location: LS4
Purchase price: £240,000
SDLT: £12,000
Sourcing fee: £2000 unmanaged
Rental: £26, 140 pa
Gross yield: 10.8%
Costs: £11,110 pa
Annual profit: £15,040
Net yield: 6%
ROCE: 20%
👉 Cash required: £75,000
DM with full name, number and email for more details.
More Leeds deals coming soon!
