Ref ID: 26
Date available: 25-Sep-2021
Furnishing: Not Specified
Property type: House of Multiple Occupation
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5 Year Rent to Rent Opportunity
Readymade and Licensed 4 Bedroom HMO
Ryton Street, Worksop, S80 2AY
Rent to Landlord = £400 pcm
Finder¢--s Fee = £3,000 + Vat
Purchase Price Within 5 Years = £90,000
Potential Gross Income = £1,300 pcm = £15,600 per annum
CASHFLOW AFTER ALL THE ABOVE COSTS
Managed = £484 pcm = £5,808 per annum
Cashflow over 5 Years = £29,040
Self managed = £640 pcm = £7,680 per annum
Cashflow over 5 Years = £38,400
For a limited time only, we have managed to secure a readymade and licensed four bedroom HMO very close to Worksop Town Centre.
One room is currently rented for £75 per week. Each room could achieve £325 per month which could bring great cashflow.
The property could benefit from some cosmetic works. We envisage the works to be within the region of £5,000. The rents could potentially be increased as a result of the uplift of the standard of accommodation being offered.
The property is conveniently situated within proximity of all local amenities including local shops, hospital, and regular public transport links.
If you want to see more deals like this, then please visit the Property Investor website or download the ‘Property Investor‘ app by visiting:
Apple Devices : Search for Property Investor in iOS app store
Android Devices : Search for Property Investor in Googleplay app store
If you are an agent/sourcer and have properties you would like to sell on the Property Investor app work with us get in touch by calling : 01902 773940
Disclaimer
Property reference 26. The information displayed about this property comprises a property advertisement. rentright.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rentright has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Property Investor - Wolverhampton.