* 3 Bed HMO – Net Returns from 10.36% *
Edinburgh City Centre, Edinburgh
£130,000
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- Posted
- 6 hours ago
- Seller Type
- Agency
- Property Type
- House
- Number Of Bedrooms
- 3
Description
An exciting Design and Build investment opportunity in Ashley Street, Salford, offering a fully refurbished 3-bedroom HMO with strong rental demand and attractive returns.
INVESTMENT OPPORTUNITY
3 Bed HMO
with Net Returns from 10.36% per annum
Financial Breakdown – 3 Bedroom HMO
Purchase Price: £130,000.00
Deposit: £32,500.00 – Finance (75% LTV)
Mortgage: £97,500.00
Conversion/Refurbishment Costs: £40,000.00* (includes VAT)
Set Up Costs / Design & Build Fees: £16,762.50 (includes VAT)
Legals: £3,000.00
Stamp Duty: £6,500.00
Mortgage Broker Fees: £1,000.00
Furniture Pack (Flooring and Blinds): £0.00
Total Project Cost: £197,236.00
Total Cash Outlay: £99,763.00
Rental Income:
3 Rooms at £140 PPPW
Monthly Rental Income: £1,820.00
Annual Rental Income: £21,840.00
Annual Costs:
Mortgage Interest (5.5% Interest Only): £5,362.50
Utilities: £3,000.00
TRUE NET INCOME: £13,477.50 per annum
GROSS RENTAL YIELD: 16.80% per annum
NET RETURN ON INVESTMENT: 10.36% per annum
Ad ID: 1800915171
VAT number: 297930058Move with AnyVan
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