This property is located in Birches Head, in the city centre of Stoke-on-Trent and is ideally situated for the retail/executive employee target market. Done up to a 5 star hotel standard, this is one of the best HMOs in the whole city.
PURCHASE PRICE: £122,500
RENOVATION COST: £48,000
GROSS RENTAL PA: £30,492
NET RENTAL PA: £21,168 ( Higher than usual as no mortgage on property at the time of numbers)
ROI: 23%
Is this available for sale? or do you have other similar properties for sale with high net yield.
My budget is cash GBP 500K + available mortgage. Hence I will buy a few potential houses.
hi there this property is 1 of many that we have done in this area
are you one of our approved investors or would like to be to see deals coming through
regards
John
hi admin,
i was looking at your 6 bed ensuite hmo’s and birches head rd, had £21,168. net
retern. and the ather three had £15,101—-£14,653—and-£13,502 net retern,
can you let me k’now why there is a difference in the prices, so that i can understand. ?
thanking you, george.
HI GEORGE
hope all is well thanks for the question
thanks for letting us know i have just checked this and adjusted
this was because the client had no debt on the property at the time of sharing that deal
just used own capital
hope this helps