This 6 bedroom HMO will generate gross income of circa £43,500 per year. We’re basing this figure on actual rents our clients are already achieving.
After mortgage costs, management fees and bills we estimate a NET monthly positive cash flow of over £2,000.
The property will be marketed to working professional tenants. Previous projects have attracted nurses, doctors and teachers working within the local area.
The developer goes above and beyond the typical local spec to provide upmarket accommodation which attracts this demographic. Once you complete the transaction, there is an agent who will be able to manage these relationships for a modest 8.5% fee.
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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.