A typical 4-bedroom terraced house with one bathroom has been renovated to a 6-bedroom with 2-bathroom HMO.
Location: Bewbush, Crawley
Purchase Price: £280,000
Purchase deposit: £70,000 (25% of purchase price)
Stamp duty: £12,400
Solicitors & Survey: £2,000
Refurbishment Cost: £42,000
Total Investment: £126,400
Rental Income Per Annum: £37,200
Gross return on income: 29.4%
Net return on income: 14.7% (This figure is after all expenses paid including mortgage interest payment)
Value of property after refurbishment as an HMO: £330,000
