Property Secrets 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](http://www.propertysecrets.net)) 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](mailto: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](http://www.currencysolutions.co.uk/enquiries)