6 Bed HMO, Leeds, LS6 1LD, £399,995

62 Harold Terrace, Leeds, West Yorkshire, LS6 1LD - 81 views - 9 months ago

HMO
Refurb/BRRR
ROI: 9%
115 m²
+4 photos

ValuationOvervalued











Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£99,999

Stamp Duty & Legal Fees

£20,700

Refurb Costs

£45,450

Bridging Loan Interest

£10,500

Total Cash In

£178,398

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£261,340

Mortgage (After Refinance)

£196,005

Mortgage LTV

75%

Cash Left In

£178,398

Equity

£65,335

Room Rate

£581

Gross Rent

£3,486

Running Costs/mo

£2,195

Cashflow/mo

£1,291

Cashflow/yr

£15,489

ROI

9%

Gross Yield

10%













Property History

Price changed to £399,995

September 25, 2024

Listed for £450,000

July 30, 2024

Sold for £249,950

2008

Sold for £169,950

2006

Sold for £143,000

2003

Sold for £55,000

2000

Description

  • Newley Refurbished +
  • HMO Investment property +
  • 6 Bedrooms +
  • 3 bathrooms +

!!!!! BRAND NEW !!!!!! A 6 bedroom, 3 bathroom HMO investment property. Having had a 'back to brick' renovation, this is one of the best student houses in the area. Currently advertised for rent at £37440 pa

Agent Details

Diamond Properties, Leeds

0113 519 3789

Next Steps?

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

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