|Mortgage loan @80% LTV||£127,500|
|Mortgage payment (interest only/PCM)||£425|
|Lettings management - 12% (PCM)||£358|
|Money left in||£40,350|
|Return on investment (PA)||42%|
40-42 Nuttall Street
This property was fully renovated 2-3 years ago, converted from a large house into this HMO. Renovations included; full re-wire, mains water increased with a wider pipe, new central heating and hot water unvented system installed. this property was purchased with a business partner as an already performing asset. Not our normal strategy but the return on investment met our investment criteria. It is a 7 bedroom (3 ensuite) HMO, close to Accrington town centre with a variety of priced room options for varying budgets.