15 room HMO

Nottingham HMO

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.

6 Bedroom HMO

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

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

Property in 5 self contained flats.

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.

Licensed & tenanted HMO - 10.5% gross yield

🔵 NEW DEALS THIS WEEK ðŸ”µ

🏘️ Ref:202 ðŸ˜ï¸
High demand student HMO in Leeds - an excellent hands off investment 

9 En-suite bedroom HMO

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%

Derby Project

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.

HMO - 3 Houses next to each other | 6 Rooms/House

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

10 Bed HMO

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

6 BED READY-MADE HMO 23% BMV

Readymade 6 Bed HMO 

BMV - 23%

Income Producing With Scope To Increase Income

Market Value £350 000

Purchase Price = £270,000

Finders Fee £3 000 + VAT

Current Gross Income = £27,300 per annum

Potential Gross Income = £34,320 per annum

Investment Opportunity!

For a limited time only we have managed to secure a readymade and income producing HMO close to Maidstone town centre. The property is currently fully let as a licenced 6 Bed HMO over 3 Floors. The property is currently licenced for 10 people and can be easy converted into 2 2x bed flats (in the point of sell). 

 

HMO License Info : Registered of 10 people licence vaild until : 12.07.2021

 

 

Location 

The property is situated to:

- 0.6 miles from Maidstone West (Train Station)

- 0.5 miles from High Street.       

Rental 

 

The 6 rooms are currently let out for an average of £390 pcm producing £27,300 annually. 

Room 1 – Rented at £85 pw

Room 2 – Rented at £85 pw

Room 3 – Rented at £85 pw

Room 4 – Rented at £90 pw

Room 5 – Rented at £90pw

Room 6 – Rented at £90 pw

The Vision

- To purchase the property for £270,000 and enjoy immediate cashflow 

- Spend £5,000 completing the works  (repainting & new bedroom furniture ) to increase the profit to £34,320 by putting new tenants in (Current room rates are very low for this area)

-  Refinance after 6 month to relase most of capital.

- Split into 2 x 2 Bed Flat (in the point of sell)  

 

Cashflow Forecast – 6 Bed HMO

Rental Income as 6 bed HMO:

-      6 rooms @ £433  / £520 (for couple) average £ = £2,860 

 

Costs to consider: 

 

Mortgage Cost @ 4% = £675 pcm 

New furniture & repaint - £ 5000

Bills £540 pcm 

Management @ 10% £280 pcm 

Maintenance £50 pcm 

Contingency (Voids) 5% £140 pcm

 

CASHFLOW AFTER ALL THE ABOVE COSTS £1,158 pcm = £13,905 per annum 

Cashflow Currently producing– 6 Bed HMO

Rental Income as a 6 bed HMO

-       6 rooms @ average £525 = £2,275

 

Costs to consider: 

 

-       Mortgage Cost @ 4% = £675 pcm 

-       Bills £540 pcm 

-       Management @ 10% £227 pcm 

-       Maintenance £50 pcm 

-       Contingency (Voids) 5% £113 pcm

CASHFLOW  Â£673,25 pcm = £8,079 per annum 

This cashflow figures have been calculated after management 

Capital Required To Get Involved: 

- Purchase Price = £270,000

- Deposit @ 25% = £67,500

- Stamp Duty = £11,600

- Legals = £1,000

- Sourcing Fee = £3,000 + vat 

 

Total Capital Required = £84,100 

The Return On Investment based on an investment of £84,100 = 10% (Managed)

The Return On Investment after redecorating and put new tenants £34,3200 = 17% (Managed)

If buyer is willing to manage himself the ROI will be higher

7 Bed HMO in Luton

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 discounted by £536,400

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