Property Investor - Wolverhampton - Ref: 26

Property Information

Ref ID: 26

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:

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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

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