REF 770
INVESTMENT
£1,600,000
GROSS YIELD
4.8%
ANNUAL RENT
£76,824
Potential opportunities charge room rate in line with market as follow
Average room rate for a Double bedroom £600 x 11 = £6600pm
6 studio current rent = 6 x 800 = £5400pm
Opportunity for triple extension to the rear creating 6 x £600pm= £3600Pm
Potential = £15600pm x 12=£187200Pa …41% rental growth opportunity on today’s market rate.
*Based on 75% LTV 2.5% APR. Note. Always speak to a qualified HMO mortgage broker for an accurate quote. These rates are an example of the potential % APR rates only. Visit theHMOmortgagebroker.co.uk to find out the latest HMO mortgage rates.
The fee charged to the buyer in addition to the purchase price.
The deposit amount to secure the HMO opportunity. This is fully refundable in accordance with the terms & conditions (see FAQs) and is deducted from the purchasre price upon completion. In the case of this property, the reservation deposit is -- then the balance due on completion is £1,600,000.
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