After the insane attention that came from my previous post showing a property in Croydon for 11.00%+ Yield, I decided to shift through some more listings to see if I could top it. I can’t top it for now, but this one is pretty close!
Listed with Hyde and Rowe: http://www.zoopla.co.uk/for-sale/details/38354907?
It’s not in the BEST of areas, but do you care? It will rent, day in day out as a HMO.
How this will work (you should have the hang of this by now!):
Turn the Family Room and Lounge into Bedrooms
Well that was easy!
Rooms around Thornton Heath demand £600pm, so this is what we are looking at
Property Investment Deal in Thornton Heath:
Rent: (5x £600pm + 1x £500): £3500
Property Price: £450,000