Windsor Close, Crawley

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A typical 4-bedroom terraced house with one bathroom has been renovated to a 5-bedroom with 3-bathroom HMO.

Location: Broadfield, Crawley

Purchase Price: £325,000

Purchase deposit: £81,250 (25% of purchase price)
Stamp duty: £16,000
Solicitors & Survey: £2,000
Refurbishment Cost: £45,000

Total Investment: £144,250

Rental Income Per Annum: £36,600
Gross return on income: 25.3%
Net return on income: 12.8% (This figure is after all expenses paid including mortgage interest payment)

Value of property after refurbishment as an HMO: £380,000

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