- £45,360 income
- 9.45% NET yield
- Fully tenanted
- £35,350.80 NET income
- Very strong student demand area
CASH INVESTORS ONLY
An incredible opportunity to buy a fully tenanted 9 bed HMO before it goes into the auction, giving you a chance to avoid competition with other investors by getting in before they do.
- Current income is £45,360
- Potential to increase the income to £51,840
- Student Accommodation Investment
- Prominent position
- 9 Bedrooms, Four Bathrooms & Separate WC
- Parking to front
- EPC Rating: B
All rooms are let for this academic year and the next at £105 per week, per room.
There is the potential to increase this to £120 per week per room after the next academic year.
The current owners reduced the rent they were charging from £120 to £105 due to COVID and they wanted to ensure it was fully tenanted, however, £120 per week per room should be very achievable going forward after speaking with a local managing agent.
Purchase Price: £375,000
Stamp Duty @3%: £11,250.00
Sourcing Fee @2%: £7,500.00
Agent Fees @ 10% +VAT: £5,443.20
GROSS Yield: 12.1%
NET Yield: 9.45%
NET Income (Cash Purchase): £35,350.80
Selling office: Sourced Southport