⚠️STUART’S HMO INVESTMENT WATCH!⚠️
The property is located on Charlotte Street, Morice Town, Plymouth and is for sale with Swift Estate Agents.
It’s on the market for an asking price of £130,000. The property is a 5 bedroom terrace house over 3 floors. The property could be converted to a 6 bedroom HMO with 4/5 en-suite bathrooms. Cost of the renovation would be in the region of £60,000.
Once renovated the property should produce an income per year of £35,000, based on the asking price and refurb costs this would give an investor a 17.5% return.
https://www.rightmove.co.uk/property-for-sale/property-95654312.html
If you are looking for a HMO currently please feel free to get in touch with me for any HMO related advice on 01752 710147
