Birches Head Road Case Study - 6 Bedroom H.M.O. - Pegasus Property Group

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%