|Solicitor's fees & broker||£900|
|Mortgage loan @80% LTV||£48,750|
|Mortgage payment (interest only/PCM)||£109|
|Lettings management - 15% (PCM)||£215|
|Money left in||£17,500|
|Return on investment (PA)||50.6%|
Coal Clough Lane – Burnley
This property is a secure investment as needed only minimal changes to the internal layout’. It could function as both a buy-to-let and a small HMO. The additional cost of renovation to HMO standard is £3,000 but should the HMO market become saturated, it could also be easily let as a 3 bedroomed property. The property would only need to exist as an HMO for 5 months in order to repay the additional cost of refurbishment.