5 bedroom HMO conversion – Burnley

Purchase & refurbishment costs

Purchase price£46,500
Refurbishment cost£35,000
Solicitor's fees£900
Stamp duty £1,395
Architect and Planning permission£2,000


Property valuation£75,000
Mortgage loan @80% LTV£56,250
Mortgage payment (interest only/PCM)£164
Rent (PCM)£1,750
Lettings management - 12% (PCM)£210
Operating expenses£350

ROI & Yield

Money left in£29,545
Cashflow (PA) £12,312
Return on investment (PA)41.7%
Gross Yield24.5%

47 Bonsall Street


This spacious terraced house in a buoyant rental area of Blackburn will be fully renovated from a large 3-bedroom house to an above-standard 5 bedroom HMO. The return on investment is extremely high at more than 47% and coupled with a solid yield of 9.6%, this house is a very profitable investment.

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