We have another opportunity for investors to secure a ready made HMO opportunity from an established developer who has undertaken 20 + HMO conversations over the past 12 months.
This property will be finished to a very high standard, perfect for the local market.
Management is also in place. This experienced agent will help source and manage you tenants on your behalf from completion. Work is due for completion in mid – October 2021 so by the time you have completed the legals / mortgage (if applicable) the property will be ready and functioning as a HMO from day one. All rooms are en-suite and should achieve £110 – £115 per week.
This amounts to a yearly income of £28,860. Ideal for your first HMO due to the hands off nature but would be a great addition for any investors portfolio, especially if you’re targeting cash flow.
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Please Note: Property values can decrease as well as increase. No express or implied income claims are made herein. Historic performance should not be taken as a guarantee of future performance. Leveraged property investment with mortgage finance can increase the risk of losing money as well as increasing the possible gains.
Sherwood Estate Agency Ltd uses all reasonable efforts to ensure that the property information published on the website and in the investment packs and elsewhere are accurate, current and complete at the date of publication; no warranties or representations are made or implied as to the accuracy of such information.