Just found this property, I know it’s a bit late, but its a good one. Will have to be quick however as the open house is coming up this Saturday.
These Victorian houses are the best properties to buy. They lend themselves very well for HMOs due to their layouts, and with very simple modification (sometimes NO modification), it can work as a perfect HMO. This is one of those!
Listed with Barnard Marcus, this 3 bed ‘terraced house’ looks to be a very simple 5 bed HMO by turning the two reception rooms into double bedrooms.
Link to Property : http://www.rightmove.co.uk/property-for-sale/property-53034739.html
So conservative figures:
Purchase Price: £375,000
Rent: £500pm x 5 (£2500)
That is quite a good yield wouldn’t you say!
Now I know this is going to be super popular, if you want to talk about it, please do feel free to give me a call! I may also be there on Saturday at the open house, so if you want to chat, do let me know and say Hi!
Speak / see you soon!