11.6%

Annual ROI

3 HMO Student Properties

Liverpool & Preston

  • 11.6% NET return
  • Prime student locations
  • Luxury, durable specifications
  • 100% occupancy rate to date
  • Fully managed

We purchased below market value properties and converted them into high yielding student HMOs.

2 properties are located in the popular student location of Wavertree and the other in Preston near the popular University of UCLan. The Preston property was already a let out HMO instantly providing income and no requirement of further investment. The 2 Liverpool properties were in extremely poor condition which was reflected in the purchase price.

We extended the properties with single story extensions providing a better living experience for the tenants whilst maximising the number of bedrooms.

Since letting our first student properties back in 2013 we have experienced 100% occupancy rates due to location, house specification and our own lettings/management.

Combined purchase price
£296,000
Rennovation costs
£132,000
Investment total
£428,000

Net annual income*
£49,700
Net yield
11.6%

* Calculated with 10% management fee

Gross rent
£63,000
Net rent
£56,000
Valuation*
£467,000

* Valuation based on 12% net rent - specialist hmo lender

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