Trefoil Crescent, West Sussex

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

Location: Broadfield, Crawley

Purchase Price: £195,000

Purchase deposit: £48,750 (25% of purchase price)
Stamp duty: £7,250
Solicitors & Survey: £2,000
Refurbishment Cost: £36,000

Total Investment: £94,000

Rental Income Per Annum: £25,200
Gross return on income: 26.8%
Net return on income: 14.5% (This figure is after all expenses paid including mortgage interest payment)

Value of property after refurbishment as an HMO: £260,000

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