6 Bedroom Tenanted HMO for Sale – Liverpool – Annual Profit £11,255

Posted on 14th February 201714th February 2017

I currently have access to a newly refurbished and tenanted 6 bedroom student house in Liverpool for £190,000.

The commercial value of the property is £200,000.

Current rental price is £85 per week per room – which equates to £24,480 (allowing for half rent over Summer, which is common for student houses in Liverpool).

Typically, on average, annual bills would be £3,600 and management fees £2,500.

Consequently, a profit of £18,380 before finance costs is achievable.

Assuming you borrowed 75% of the purchase cost at a rate of 5%, your annual interest would be £7,125.

This would leave you with an annual profit of £11,255.

There is a finders fee of £1,000 should you proceed with the purchase.

I am packaging and selling this on behalf of an Investor and I also own the house next door, so we could be neighbours!

If this is potentially of interest to you – please message me and I will send you the survey and arrange for a viewing.

Happy investing!

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“During the last 12 months Billy has worked with me to source, develop and tenant 2 x student multi-let houses. With Billy’s knowledge and team, I was able to purchase the properties at below market value and re-develop each one. This transformation added significant value to each property and enabled me to re-finance virtually all of my money back out and be left with an income generating asset. Billy is highly knowledgeable and experienced in property investment and development; he is a great person to work with; and I am looking forward to working with Billy in the future to expand my student multi-let portfolio.”

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