BMV Manchester based HMO available, refurbished & tenanted at £19,500 per annum ** 21% YIELD **

Filed under: London | For Sale house

Number of beds: 3

3 ROOMED HMO
Project costs from £90,000
** True commercial valuation £140,000 **
Many of our properties are aimed at areas of student accommodation. The reasons behind this are as follows;
Over the last 3 years university income has increased by 70% in other words the fees have gone up three times the amount they were three years ago.
Salford University, for example have increased their total tuition fees by over £90million per year.
The universities are expanding their campus facilities, lecture rooms and laboratories etc to accommodate the vast increase in student population.
All students move into private accommodation second year onwards.
The accommodation fees are around £120 per week per room inc.
Investment companies are charging in excess of £50,000 for a student pod in commercial accommodation units. This is generally a lease with a buy back clause making it un-mortgageable therefore cash purchases only .
In North West areas we can find, refurbish and create student pods within the student village area for less than £30,000 per unit. Between 3 and 5 bedroom units per property plus a communal area & shared kitchen. These are built to an extremely high standard and include, WIFI, fire doors, smoke alarms, furniture & all necessary guarantees and licenses.
These are built in large, refurbished terraced house and offer absolute title to the owner.
The yield for these pods is in excess of 20% per annum.
The growth in these areas can be year on year fairly dramatic. Initially, because the change of use from private residential to commercial student lets.
The demand in these areas is exceptionally high.
ON COMPLETION OR AT ANY TIME THEREAFTER YOU HAVE THE OPTION VIA OUR LAND REGISTRY SERVICE TO CREATE AND SELL SHORT TERM LEASES ON ONE OR MORE OF THE PODS TO CAPITALISE YOUR INVESTMENT.
Each room furnished and fitted with smoke alarms WIFI and TV points
All work carried out by qualified tradesmen
New Kitchen, Bathroom, Fire Doors and double glazed throughout
Kitchen appliances include all new oven, hob, fridge/freezer and washing machine
All floors will have suitable coverings - ti
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