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Seller Type: Agency, Property Type: House, Number Of Bedrooms: 4

INVESTMENT OPPORTUNITY

Altham Street – Middlesbrough
4 bed, 3-bathroom HMO
Altham street - Financial Breakdown – 4 Bedroom – 3 Bathrooms

Purchase Price: £135,000.00

Deposit: £71,250.00

Set up costs/ Design & Build Fees - £14,750.00
Legals Estimate - £1,400.00
Stamp duty - £2550.00
Survey - £650.00

Total Project Cost: £154,350.00
Total Cash Outlay : £90,600.00

Projected Rental Income: £90.00PPPW x 3 (ensuite) and £80 PPPW (non ensuite) net of bills (water, gas, electricity) = £18,200.00 (This is projected rent that allows for a increased energy and increased mortgage interest rates)
Management: £2,808.00 including VAT- (10% fully managed)

Mortgage 12 months – £3,825.00

TRUE NET INCOME: £11,567.00 per annum

TRUE NET RETURNS – 12.76%