Latest Valuation
£
ROCE
16.54%
Location
Preston

9 Bed Licenced Professional HMO | Fully Managed | 13.09% Yield

The plan is to buy this 9 Bed HMO and let to professionals and benefit from the excellent cash-flow, 8 out of the 9 rooms are currently let.
Guide Price
£330,000

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Key Features

  • £42,000pa income
  • 13.09% Yield
  • Central location
  • Let to professionals
  • Fully managed

The Property

This pre-market property is located in Preston PR1 and is only a 5-minute walk to Preston City center and a 15-minute walk to Preston train station.

The property will soon be going on the market so you have the opportunity to beat the competition before it hits the full market.

Purchase Price: £330,000
Gross Income: £42,300 (tbc)
Gross Yield: 13.09%
Net Yield: 8.04%
ROCE if financed: 16.54%

8 of the 9 rooms are currently let with the 9th having viewings taking place. The property already has a managing agent in place so it can be a hands-free investment.

There is a small yard to the rear with a bike storage area, a good-sized communal kitchen/living area and some rooms have had en-suites added where possible making them more attractive to tenants.

Selling office: Sourced Southport

Planning Information

N/A

The Plan

Buy and hold and benefit from the excellent cash-flow.

The financials:
▪ Purchase Price: £330,000
▪ Gross income: £42,300 (tbc)
▪ Gross yield:13.09%
▪ ROCE if financed: 16.54%

The Location

Preston is a city in Lancashire, northern England, and is home to UCLAN University.

The University of Central Lancashire is a public university based in the city of Preston, Lancashire, England. It has its roots in The Institution For The Diffusion Of Useful Knowledge, founded in 1828.

Average estimated value for a house in PR1 5AR

£

Average price paid: £203,006

Value change: +£19,673 (11.29%)

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