Agent
7 days ago
358 Views

100% Hands-off HMO

Area: Doncaster
Houses in multiple occupation (HMO)
£125,000
Bedrooms: 5
Bathrooms: 5
Year Built: 1960
Market Status: OFF
Property Purchase Price: £125,000
Fair Market Value: £140,000
GDV (if applicable): 27,526,800
Price Negotiable?: no
Gross Yield: 9.78%
Renovation Costs: £150,268

Doncaster is one of the fastest growing cities in the UK. With a massive regeneration scheme underway it is already the best location for commercial growth, meaning high demand for homes as thousands of jobs are created.

This is a 100% hands-off HMO solution in Doncaster. 

The property above is an example of the properties available.

The procedure is as follows:

1.Purchase the property.

2.Pay for the refurbishment. It can either be a renovated to a 5 or 6 bed all ensuite HMO with an extension and/or a conservatory. The HMO is also fully furnished to a high standard and the HMO licence is included. The sourcing fee is also included in the renovation costs

3. Refinance if required to extract some investment

4. Tenants are found for you

5. HMO is managed for you

6. The estimated rental income is £2,903. The estimated costs for utilities and management is £660. Giving a £2,243.00 cashflow. 

You sit back and receive a monthly rental income plus the ongoing capital gains from the property value! 

 

Features

Broadband Internet
Central Heating
Close to Amenities
Fireplace
Furnished
Garden
Great location
Include white goods
Kitchen
Microwave
Near to the Train Station
Off-Street Parking
On-Street Parking
Refrigerator
Storage
WiFi
Mortgage Calculator
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Period (months)
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