5 bed HMO Conversion
Three-bedroom terraced property located near the city centre and mainline station
TO BE CONVERTED into a 5 bedroom 5 bathroom professional HMO
Purchase Price: £125,000
Refurbishment Costs: £86,000
End Commercial Valuation: £281,250*
Total investment required: £50,000
Minimum Investment: £20,000
Duration: 6 months
Interest rolled up and paid on refinance
Interest Rate: 10% for 6 months
Based on property valuations in the area and having discussed commercial rate with a values.
