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)