Latest Valuation
£
ROCE
%
Location
Slough

Fully Managed Conversion Opportunity in Slough

Rent to rent HMO with a 5 year contract in place.
Guide Price
£1,250

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Key Features

  • R2R HMO
  • Slough
  • 5 year contract
  • Fully managed
  • Great location
  • £700 pcm profit

The Property

Sourced are fully managed conversion opportunity in Slough, in a great location.

Fully managed

3 bedroom semi-detached 10 minutes walking distance to the town centre. The ground floor has 2 living rooms and a kitchen and shower room with a separate bathroom and sink. Both living rooms can be converted to bedrooms by inserting a stud wall. The rest of the ground floor can be used as a communal area including the large back garden which contains further outbuildings currently rented out as bedrooms.

The 1st floor has two double bedrooms and a kitchenette and family bathroom. Loft space can also be used as a bedroom,

The landlord is open to a lease option.

Planning Information

N/A

The Plan

Property to be converted to a 5 bed HMO.

Required:

HMO licence - we can help £1,000
Furniture - we can help
Sourcing fee applies £2,500
Break even within the first year

The Financials:

Rent: £1,250 pcm
Sourcing fee: £2,500
Profit: £700 pcm
Average room rental £550 x 5 = £2,750 pcm
10% management fees (no VAT) = £725 pcm

The Location

Close to transport links, shops and schools.

Average estimated value for a house in SL1 3PL

£

London Heathrow Airport is 8.88 miles away.

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