4 bedroom/6 person HMO conversion – Accrington

Purchase & refurbishment costs

Purchase price£50,000
Refurbishment cost£35,000
Solicitor's fees & broker£1,150
Bridging cost £2,752


Property valuation£100,000
Mortgage loan @80% LTV£75,000
Mortgage payment (interest only/PCM)£241
Rent (PCM)£1,755
Lettings management - 15% (PCM)£263
Operating expenses£438

ROI & Yield

Money left in£13,902
Cashflow (PA) £8,780
Return on investment (PA)63%
Gross Yield21%

56 Manchester Road

This terraced house has been converted into a stylish and modern 4 bedroomed HMO suitable for up to 6 residents in an area with a strong rental demand. The property has a return on investment calculated at 63% and a yield of 21% and is therefore a very stable investment property.

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