There are six let-able rooms in total. The property contains three reception rooms; a spacious kitchen with dining table, living room and conservatory. This is ideal because of the large number of tenants in the property.
PP (Sept’ 11): £370K
Gross income: £3k
Bills and Council tax: £700 pm
Mortgage: £1100 pm
Profit: £1200 pm
Gross yield: 10%
This is your classic high-end PROFESSIONAL HMO in Berkshire. The client bought this property as you see it. No works were required. With six let-able rooms, this property started making good money from Day one for our client.
The case study below is of a property that Manni Chopra has sourced for her Investor and converted it into a six rooms high-end Professional HMO.
This is a five bedroom, three reception room detached house in a very leafy suburb called Binfield, Bracknell. The main advantage of this property is that is 10 minutes’ walk from the Western Industrial estate in Bracknell. As a result rooms in this part of the world are always in demand from Professional tenants.