- Opportunity to invest in 2 x 4 bed HMOs +
- 4 ensuite rooms and two shared bathrooms throughout both properties, with 8 bedrooms overall +
- Peppercorn lease +
- Expected rental income of just under £50,000 +
- Recently fully refurbished +
Key Investment Highlights
* Fully Compliant 2 x 4-Bedroom HMO's next door to one another (HMO licence isn't required for both properties due to only being a 4 bed and not a 5 or above)
* Two Ensuite Bedrooms In Each Property
* Strong Rental Demand Area
* Projected Gross Yield: 12.27%
* Modern Finish with Rear Extension & Large Communal Kitchen/Diner For Both Properties
* Turnkey Opportunity - Ready for Letting
* Both Properties Will Be Sold Furnished
Properties Overview
Two beautifully refurbished 4-bedroom HMOs ideally located in the popular town of Clayton-le-Moors, along the Burnley investment corridor.
Thoughtfully designed to suit professional tenants, the features for each property below:
* Bedroom 1 (Ground Floor) - Ensuite - £525pcm
* Bedroom 2 (First Floor) - Ensuite - £550pcm
* Bedroom 3 (First Floor) - Shared Bathroom - £475pcm
* Bedroom 4 (Second Floor) - Shared Bathroom - £495pcm
* Family Bathroom (First Floor) with bath and overhead shower
* Extended Rear Kitchen-Diner - spacious and modern for shared living
* Fully updated electrics, gas safety, and fire safety compliance
* Contemporary fixtures throughout
Rental Income & Yield Calculation Per Property (identical figures)
Room Monthly Rent Annual Rent
Ground Floor (Ensuite) £525 £6,300
First Floor (Ensuite) £550 £6,600
First Floor (Shared Bath) £475 £5,700
Second Floor (Shared Bath) £495 £5,940
TOTAL £2,045 £24,540
Total Annual Rent: £49,080 (both properties)
Purchase Price: £400,000
Gross Yield: 12.27%
Expected Outgoing Cost At 25% Of Gross Income: £6,135 (£12,270 for both properties)
Net Income: £36,810 PA
Net Yield: 9.2%