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
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.
🔵 NEW DEALS THIS WEEK 🔵
ðŸ˜ï¸ Ref:202 ðŸ˜ï¸
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!
Hayes (Close to Heathrow Airport): 9 En suites rooms.
It has planning permission to split the HMO into two houses price £700K.
- 7 rooms currently being rented out at 4,230 pcm, (4230 * 12) = £50760
- If fully occupied (9 rooms), rental return would be £65,262 pa
- Annual yield is just over 9%
Unlicensed 4 Bed HMO to be converted into fully licensed 7 beds en suite HMO, in a strategic location in Derby targeting Students and Professional market.
Final Floor Plan attached, Investor Pack on request only.
Get in touch for more details about this project and exciting new deals you can get involved in.
Uxbridge: HMO - 3
individual houses next to each other with 6 rooms per house;
- Income per house £
50K. (£150K per annum).
- Price is £1.6 Million for all three houses
- Yield just over 9% per annum
FOR SALE:
£295,000 + Broker Fee
LARGE HMO OFF MARKET INVESTMENT DEAL, HULL
We have an excellent 10 / 11 Bed HMO For sale in Hull
Located off Princes Avenue, HU5
Fully Furnished, currently vacant
Details: Steve Goodhand
investments@peregrine-property.co.uk
Certificate of lawful use
Beautifully refurbished fully licensed 7 bed HMO just a 5 minute walk from the town centre.
The property will more than likely be fully tenanted in the next couple of weeks.
Rooms are rented out between £400-£450 pcm, bringing in £3,000 pcm.
Huge garden with great potential.
2 shower rooms & 2 toilets with a good size kitchen/diner for communal space.
Any more info please contact me on 07876222472.
BMV portfolio for sale in Leicester, discounted by £536,400
Market value £2,886,400
Available to buy for £2,350,000.
14 flats. A combination of 1,2 and 3 beds. Only bulk purchase.
For more information, feel free to call Jack on 07886962647
Ref - IGB