Exclusive 3 Bed Hmo In Burnley Returns In Excess Of 75% Pa!!

Surface size

Bedrooms

4

Bathrooms


Hampstead

08/09/2021

Details
Region: North West London
City: Hampstead
Category: Property for Sale
Seller type: Agency
Property type: House
Number of bedrooms: 4
Date: 08/09/2021

Description
SOLD FULLY TENANTED TOTAL PROJECT COSTS REQUIRED FROM CLIENT, INCLUDING PROPERTY PURCHASE, REFURBISHMENT, FURNITURE, FLOORING, TENANT MARKETING AND ALL FEES AND TAXES £113,706.20 MINIMUM CLIENT CONTRIBUTION WOULD BE £64,956.20 * 3 Bed HMO – RETURNS, NET OF ALL COSTS AND FINANCE PAYMENTS ON CASH INVESTED - 77.46% !! * PLEASE CALL OR EMAIL US FOR FURTHER INFORMATION AND OPTIONS WITH REGARDS TO THE FULL FINANCIAL BREAKDOWNS Tel 0161 870 0010 * 3 Bed HMO – Net Returns 77.46% * Please see below for full financial breakdown Design and Build project in Burnley that will enable a 3-bedroom, 2-bathroom unit with communal kitchen and living room TOTAL PROJECT COSTS REQUIRED FROM CLIENT INCLUDING REFURBISHMENT, FURNITURE, FLOORING AND TENANT MARKETING £113,706.20 * 3 Bed HMO – RETURNS, NET OF ALL COSTS AND FINANCE PAYMENTS ON BUSINESS IN EXCESS OF 75% !! * PLEASE CALL OR EMAIL US FOR FURTHER INFORMATION AND OPTIONS WITH REGARDS TO THE FULL FINANCIAL BREAKDOWNS Tel 0161 870 0010 THE PROPERTY • A sought-after area with easy access to the University, large employers, local amenities, and the town centre. Just off the M65, a short walk from the nearest train station and only a 10 minutes’ walk to the UCLan Victoria Mill Campus. • Fully approved for our guarantee professional rental scheme. • Spacious enough to enable a 3-bedroom multi let: all with double rooms and 3 bathrooms • Located in fantastic proximity to Burnley General Hospital, one of the largest teaching hospitals in the North West. This provides further professional and student demand due to the extensive medical and nursing courses offered at the University. INVESTMENT OPPORTUNITY Athol Street – Burnley 3 bed, 2 bathroom HMO Net returns in excess of 75% INVESTMENT AND PROFIT BASED ON HMO DESIGN BUSINESS MODEL • Initial purchase price Bricks and Mortar only £65,000.00 • Re-mortgage Bricks and Mortar after works value conservative estimate £100,000.00 • Total spend including property purchase all build costs furniture flooring fixtures. All fees and taxes £113,706.20 • Total cash required £64,956.20 • Real cost of business is the total spend minus the after works valuation, which in this case is £13,706.20 • Therefore the overall cost of the business is £13,706.20 • The rental income net of all overheads and mortgage payments equals £10,617.05 • Therefore the business produces a return on investment of 77.46% • Plus a further property value increase of 20% approximately after the first years rental Thereafter the bricks and mortar valuation will follow the areas normal market trends say 5% PA 5 year comparison Property value bricks and mortar £145,860.75 Annual net rent over 5 years £53,085.25 Total £198,946.00 return in cash and asset. Any future sale would include a premium for the ongoing business say 3 years net profit Should you sell the property at this 5 year mark, the suggested sale price would be £175,000.00 which would give £61,293.80 total profit on your investment. Business Returns in excess of 75% CHOOSE STOKE-ON-TRENT : GREAT VALUE FOR MONEY : EXCELLENT POTENTIAL GROWTH RATE: FANTASTIC RETURNS • Within the Burnley area we have two lucrative rental sources, firstly all our properties are built to the highly regulated specification set down by UCLan university campus. Secondly, we are contracted to provide blue collar professional HMO units to the Boohoo Group. All our sourced houses are located within agreed postcodes for both these two institutions. This year we are contracted to supply 60, 4 bedroom units to Boohoo because of the highly published workforce expansion taking in Debenhams, Dorothy Perkins, Burtons and Wallis. • UCLan (The University of Central Lancashire) has over 30,000 students, which has led to the construction of a campus in Burnley. This has created an exciting proposition for ourselves and our investors alike. The UCLAN campus does not currently have sufficient accommodation onsite, and this makes for a fantastic chance to take full advantage of early investment without any risk. Currently we have 100 plus, professional rooms which are completely over subscribed. • With years of experience and a solid track record in student accommodation we are able to recognise that there is currently a very limited number of bespoke, fully licenced, and regulated student properties available. This creates a fantastic niche opportunity and excellent opportunities for high yields. • Our success rate in Salford includes over 500 rooms fully occupied. In Burnley, the pro-rata demand for student and professional lettings is even greater due to the complete lack of units available. • There is large ongoing investment in this campus by UCLan with student numbers expected to rise year on year (4,000 by 2025) this will lead to a large shortfall of student accommodation especially houses designed for student needs and

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Exclusive 3 Bed Hmo In Burnley Returns In Excess Of 75% Pa!!

Hampstead

08/09/2021

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