Our friends at Property Secrets have been kind enough to disclose a few attractive opportunities for property investors looking for houses of multiple occupancy.
One example is a large four bedroom, three storey terraced house in Manchester. Valued at £145,000 features include: New kitchen, New bathrooms, Re plastered throughout, Re-wire / new CH / DPC / New plumbing, New UPVC windows Throughout / New internal / External doors, New Full decor and carpets / blinds throughout, New furniture and appliances throughout, Certification Provided Gas Electric EPC. The property is undergoing a total refurbishment from bare brick and is situated in a student letting location. It will be provided fully furnished with 6 bed spaces and meets all current HMO regulations.
Rental Income = £15,830 pa - after management
35% Deposit = £50,750
Buying costs - around £1500
Loan = £94,250
Mortgage @ 5% = £4712 pa
Net Income = £11,118 pa
% Return = 22% (based on 48 week let)
Around £900 net cash flow a month.
A high deposit, but very attractive cash on cash return, if you are currently only getting around 2-3% return from your bank, then this can offer you an excellent alternative. Property Secrets (www.propertysecrets.co.uk) have four other similar properties for those interested, two have already been snapped up in the past week.
For enquiries, contact Daniel Peacock, at service@propertysecrets.net or give Property Secrets a call on 0115 9853963.
If you’re keen to meet the team, they will be in London, Nottingham and Manchester over the next month, drop an email to service@propertysecrets.net or call 0115 9853963 to make arrangements.
If you have any questions for the team at Currency Solutions, please get in touch with us on: 0207 740 0000 or visit our website to make an enquiry: http://www.currencysolutions.co.uk/enquiries
Please note: All rates are subject to change, for the latest up-to-date rates check our Currency converter
Contact Us
Currency Converter
Today's Currency News
“Risk-on” trading sentiment has suffered after the European finance ministers stalled the second...
Currency Rates
| US Dollars | 1.5743 |
| Euros | 1.1946 |
| Swiss Francs | 1.4442 |
| Australian Dollars | 1.4766 |
| South African Rand | 12.220 |
| GBP indicative mid-market rate at 01:05. Please call for quote. | |
Currency Solutions Ltd is registered in England, Company No. 4864491.
© 2003 - 2012
Registered address is Hobbs Court, 2 Jacob Street, London SE1 2BG.
HM Revenue & Customs, No. 12162570
Regulated and authorised by the Financial Services Authority,
as a Payment Institution, No. 512130