Deerswood Road, West Sussex

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A typical 3-bedroom terraced house with one bathroom has been renovated to a 5-bedroom with 2-bathroom HMO.

Location: West Green, Crawley

Purchase Price: £310,000

Purchase deposit: £77,500 (25% of purchase price)
Stamp duty: £14,800
Solicitors & Survey: £2,000
Extension & Refurbishment Cost: £40,000

Total Investment: £134,000

Rental Income Per Annum: £37,200
Gross return on income: 27.7%
Net return on income: 14.6% (This figure is after all expenses paid including mortgage interest payment)

Value of property after refurbishment as an HMO: £365,000

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