ROI: 27% (ROI based on Net Rent @ 0.70% of gross / 25%PP + Refurb)
This property is located within Derby, it’s a stones throw away from the City Centre and is actually on one of the main arterial routes into the city.
The property was built circa 1900. It has 10 let able rooms over 3 stories and is a end terrace, the property has been used as a HMO for over ten years and currently has a HMO license.
This deal was sourced privately through a landlord letter, the vendor was looking to retire.