Potential 4-Bed HMO, Stockton-on-Tees, TS19 0DG, £120,000

82 Durham Road, Stockton-on-tees, Stockton-on-tees, TS19 0DG - 5 views - 6 months ago

HMO
Cash
ROI: 6%
150 m²
+3 photos

ValuationFair Value











Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£30,000

Stamp Duty & Legal Fees

£4,800

Refurb Costs

£59,310

Bridging Loan Interest

£3,150

Total Cash In

£99,010

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£152,647

Mortgage (After Refinance)

£114,485

Mortgage LTV

75%

Cash Released

£24,485

Cash Left In

£74,525

Equity

£38,162

Room Rate

£451

Gross Rent

£1,804

Running Costs/mo

£1,282

Cashflow/mo

£522

Cashflow/yr

£6,264

ROI

6%

Gross Yield

18%













Property History

Listed for £120,000

July 30, 2024

Sold for £79,950

2004

Sold for £31,000

1998

Description

  • CASH PURCHASE ONLY +
  • No Onward Chain +
  • Three Bedrooms +
  • Spacious Throughout +
  • On Street Parking +
  • Amazing Conversion and BRRR Potential +
  • Opportunity to Transform to 7 Bed HMO +
  • Projected HMO Income: £2,800PCM +
  • Projected HMO Yield: 14% +
  • Buyers Premium Fees Applicable - £5,000+VAT +

CASH PURCHASE ONLY A fantastic opportunity to renovate this terraced home, which is available with no onward chain! It is ideally suited for an investor/developer looking to purchase in the TS19 postcode.

Durham Road is located in a convenient area, close to local amenities, shops and restaurants.

Agent Details

Horizon Sales & Lettings, Middlesbrough

01642 668030

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪

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