Location: Preston, Lancashire
We’re pleased to offer another excellent HMO opportunity for you today. This newly converted 9 bed HMO is offering a huge 13% gross yield. It’s in a great location close to Preston town centre roughly 200 yards from the train station.
Access into Manchester is easy and should take roughly 30 mins. Generating a huge £69,240 rental income p.a.
We estimate that you’ll be walking away with a NET income of roughly £3,045 pcm after mortgage, management costs and bills.
It goes without saying that large HMOs of this kind are an easy way to add a significant passive income to your investment portfolio.
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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.