This is an incredible opportunity to purchase a ready made, refurbed 5 double bed all ensuite HMO.
This property has been refurbished to a very high standard throughout and is currently fully tenanted. The property benefits from a shared kitchen dining area and a back garden. The property was originally going to be a 6 bed HMO but as one bedroom is under the minimum HMO room size it is rented as a 5 bed. There may be a potential to make a use of 6th bedroom with a slight amendment to the floorplan.
This property offers high returns of 9% yield and £23k per year.
*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 £2000 then the balance due on completion is £248,000.
Brown Road, Wednesbury, WS10 8PP, United Kingdom