Mansfield, Nottinghamshire
Great HMO Opportunity: A 2 bedroom property to be converted to a 3 bedroom HMO with licensing.
Purchase Figures:
Deal Price £37,194 (includes full deposit, refurbishment fee, stamp duty, HMO Licence & sourcing fee)
Purchase Price £80,000
Open Market Value £105,000
BMV Discount 30%
Mortgage at 75% LTV £60,000
Monthly Mortgage Payment at 3% £150
Deposit (25%) £20,000
Gross Rent (based on 3 rooms at £400 pcm) £1,200
Stamp Duty (depending on each client) £0
Refurbishment Cost (inc VAT) £10,000
Full Project Management Fee £7,194 (sourcing, finance application management, building project management, tenant implementation & overseeing re-finance)
View full details of this property here>
We have all the knowledge and skills required to assist you in making a career out of investing in HMO Properties.
We can do as little or as much as you want us to.
From sourcing properties through to overseeing the conversion into an HMO and even finding tenants for you.
For more information about what an HMO is or if you’re considering investing in a property an turning it into an HMO contact us today.
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