A typical 3-bedroom terraced house with one bathroom has been extended and renovated to a 5-bedroom with 2-bathroom HMO.
Location: Tilgate, Crawley, West Sussex
Purchase Price: £300,000
Purchase deposit: £75,000 (25% of purchase price)
Stamp duty: £14,000
Solicitors & Survey: £2,000
Extension & Refurbishment Cost: £75,000
Total Investment: £166,000
Rental Income Per Annum: £33,000
Gross return on income: 19.8%
Net return on income: 12.2% (This figure is after all expenses paid including mortgage interest payment)
Value of property after refurbishment as an HMO: £385,000
We provide a full HMO property management service, taking all the stress away from you, whilst generating a much higher return on investment.
Our lettings and management service is the key to harmonious Landlord and Tenant relationships, responsible occupancy and minimal void periods.
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