- 5 bed Licenced HMO
- 14% ROI
- Buy to Let Investment
- 30% NET ROCE
- Close to Amenities
- Off Market
This freehold terraced property is decorated to a high standard and has benefited from an income of £1,590 pcm when fully tenanted.
It's very rare to buy a turnkey HMO without having to pay a HMO premium. Deals like this don't come on to the market very often and this property comes ready-to-go, but with a bricks and mortar price tag.
It also has the potential for a slight refurbishment before placing new tenants in the property. This gives the new investor the opportunity to potentially increase the rent and the option to refinance and pull out their money.
No alterations needed, but if the new owner wanted higher rents, a light refurb would be required.
There is a high demand for good quality rental properties and HMOs in Crewe.
Sale fell through 28/04/20, so the current owner is looking for a quick sale.
This 5 bed ready-to-go licenced HMO is sold with vacant possession.
(Annual Cheshire East HMO licence)