45000.00 $ High spec refurb 4 bed HMO UClan Uni/town centre location 17% immediately per annum North Lancs Alta

Published date: 22.10.2020
  • Location: Alta, Iowa, United States

IMMEDIATE VIEWINGS AVAILABLE ON THIS PROPERTY

CASH REQUIRED UNDER £85,000 WITH PROVEN RETURNS OF 16.89% ON CASH INVESTED *details on request

TOTAL PROJECT COST INCLUDING FINANCE £118,361.00


PROJECT OVERVIEW – 4 BED, 3 BATHROOM
Located within easy walking distance of the University and town centre

BURNLEY OFFERS A UNIQUE INVESTMENT OPPORTUNITY

UCLAN are investing hundreds of thousands of pounds over the next 5 years in Burnley campus. They are reporting an estimated growth in the student body of up to 4000. This will require quality accommodation that will heavily rely on the private sector to take up the increase in residential places. By the end of this year they will have less than 200 rooms available.

Our model gives our investors as much or as little involvement in the project as they require, this can be a fully arms- length project. We deliver to our clients a purpose built conversion which provides brand new 4 bedroom student/professional accommodation designed specifically to meet the needs of this market. The changing nature of today's renter demands, more luxury and privacy, we therefore have availability for up to 3 extra en suite bathrooms where required.

HMO HAVE SUCCESSFULLY SOURCED, DESIGNED AND BUILT 110 PROPERTIES OVER THE LAST 2 YEARS!!!

OUR UNIQUE MARKETING MODEL HAS TENANTED OVER 400 ROOMS WITHIN THE SAME PERIOD!!

Using our system, the investor takes the equity increase as well as the rental.

*All units are delivered to the investor, built to the specific council and university specifications.
*Room sizes all well in excess of minimum requirements.
*Supplied new luxury bathroom
*Completed with new modern kitchen and common areas.
*Fully certified and regulated for fire and safety.
*Floor coverings and furniture designed for the modern HMO market
*Full hardwired internet and Wi-Fi connections provided, centrally and in each bedroom

Rental Income: £80.00/£90.00 PPPW x 4 net of bills (water, gas, electricity) = £17,680.00 per annum net
Management: £2,371.20 including VAT- (10% fully managed)
Annual mortgage cost/interest: £1,080.00 approx. (subject to status and criteria)

TRUE NET INCOME: £14,228.80 per annum
NET RETURN ON INVESTMENT: 16.89%+ per annum

Based on a refinance valuation of £120,000.00 we can release approximately £90,000.00 by remortgaging after the works and with tenants in place. At this stage, you will have around £28,361.00 left in the deal and after deducting the new, increased mortgage interest, your net income will be around £12,428.80 per annum giving you a net return on cash invested of 43.82% per annum!

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