Property Investor - Wolverhampton - Ref: 10

Property Information

Ref ID: 10

Date available: 25-Sep-2021

Furnishing: Not Specified

Property type: House of Multiple Occupation

 

Details

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

 

7 Year Rent to Rent HMO Opportunity

8-10 Bed HMO - Requires Minor Works

 

Rocky Lane, Liverpool, L6 4BB

 

Reduced Rent For 3 Months = £800pcm

Full Rent Thereafter To Landlord = £1,100 pcm

Finderâ--s Fee = £5,000

Potential Rental Income = £37,180 per

 

CASHFLOW AFTER ALL THE ABOVE COSTS

Managed = £821 pcm = £9,852 per annum

Cashflow over 7 years = £68,964

Self Managed = £1,153 pcm = £13,836 per annum

Cashflow over 7 years = £96,852

 

For a limited time only, we have managed to secure a ready made large 8 Bed HMO with scope to increase to 10 bed. The owner is offering a reduced rent for the 1st 3 months at £800 pcm to allow any purchaser to come in and do the required works.

The property has:

• 10 rooms along with


• 2 kitchens and


• 3 bathrooms and


• 2 separate w/c

The property is in need of modernisation, please see the pics and mainly the last 2 videos which will give you a good indication of what is required

The property was occupied until December 2018 and is HMO compliant. The property had a licence until December 2018 but wasnâ--t renewed by the owner due to their medical condition.

The owner may consider a reduced rent for a short period whilst the work is being carried out - this would all need to be negotiated.

 

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