- Fully Tenanted
- Multiple Units
- Yield 10.7%
- Refurbishment Project
- ROCE 25%
- HMO Licence
A fully licenced, tenanted property, generating £4,100 with a huge potential to add value. It's an 11 bed property, consisting of 4 self contained flats, and a cottage in the backyard.
The flats have long established tenants making this a perfect hands-off investment, with tenants in situ. The cottage is on the ground floor with 1 bedroom and is attached to the building.
A property of this type with long established tenants and a refurbishment project is a rare find.
The overall condition of the property would benefit from a refurbishment, this will not only add value but increase your return.
This freehold property generates a great return and has so much potential to reconfigure, potentially split title and improve over a period of time.
Purchase price: £400,000
Income generated: £4,100 pcm
Deposit required: £100,000
Sourcing fee: 2%
ROCE: 100000/ 4100 = 25%
A cash investment of £100,000 for this property could be paid back within 3 years.