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Contact Louise

Louise

Posting for 15+ years

0161230XXXX

Exclusive 3 Bed HMO - Staffordshire University 27.64% Return on Investment

Southampton, Hampshire

£80,000.00

Louise

Posting for 15+ years

See all ads

Contact Louise

0161230XXXX

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Posted
1 day ago
Seller Type
Agency
Property Type
House
Number Of Bedrooms
3

Description

For more information, please do not hesitate to contact us on 0161 870 0010.

INVESTMENT OPPORTUNITY

Egerton Street Stoke-on-Trent

The property is situated a short walk from the Stoke-on-Trent Campus for Staffordshire University.

3 bed, 3-bathroom HMO

Financial Breakdown – 3 Bedroom – 3 Bathrooms

Purchase Price: £80,000.00
Deposit: £20,000.00 - Finance (75% LTV)
Conversion/Build: £36,000.00* approx. (subject to further onsite visits)
Set up costs/ Design & Build Fees - £15,500.00
Legals Estimate - £1,400.00
Stamp duty - £2,400.00
Survey - £650.00
Furniture and flooring packs can be purchased at an additional cost - £7,800.00.

Total Project Cost: £143,750.00
Total Cash outlay: £83,750.00

Projected Rental Income: £110.00PPPW x 3 ( ensuite) net of bills (water, gas, electricity) = £17,160.00
Management: £2,527.20 including VAT- (10% fully managed)

NET RETURN ON INVESTMENT AFTER REFINANCE: 27.64%

BASED ON A REFINANCE VALUATION OF £145,000 WE CAN RELEASE APPROXIMATELY £116,000 BY RE-MORTGAGING AFTER 6 MONTHS. AT THIS STAGE, YOU WILL HAVE AROUND £27,750.00 LEFT IN THE DEAL AND AFTER DEDUCTING THE NEW, INCREASED MORTGAGE INTEREST, YOUR NET INCOME WILL BE AROUND £7,672.80 PER ANNUM GIVING YOU A NET RETURN ON CASH INVESTED OF 27.64%!

THE FINISHED PRODUCT

• New inspire landlord thermostatic system can be fitted to control the usage of the properties central heating which will help with the significant rise in energy prices and keep the bills affordable for the landlord. Savings can be up to £1000 a year.
• Will be refurbished to the highest standard and contain all the necessities for student life within the furniture pack plus WIFI, bike storage etc.
• All rooms will be rented at £110 (ensuite) per person per week.
• Will be supplied, fully regulated and compliant with the local council and passed for university accommodation approval on completion of the building work with all necessary approvals.
• Will be completed including University required extras such as full fire safety accreditation. This comprises of interlinked smoke alarms in all rooms, emergency lighting systems, appropriate fire panels and heat sensors.

For more information, please do not hesitate to contact us on 0161 870 0010

Ad ID: 1480312879

VAT number: 297930058

Disclaimer

This advertisement and the information related to it are provided and maintained by the advertiser. Gumtree.com is not responsible and can not guarantee the accuracy or completeness of this advertisement. Please note that every advertisement for rent or for sale should at a minimum, display the energy performance rating of the property. See our Flats and Housing Posting Rules for more information.

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