Mr D. from North London
Mr D. from North London saved almost 7% of the asking price when he bought his three bedroom, terraced property in Stevenage for £200,450. We helped them to double capacity to six bedrooms within 7.5 weeks. The work included a garage conversion and cost just £63,000.
This HMO property achieves gross monthly income of £3,160 with a net cash flow of just under £1,200 per month. Our investor enjoys a yield of 14% on the cash he invested.
Mr G from West London
Mr G. from West London purchased a three bedroom, end of terrace property in Pin Green Stevenage for £237,200 (saving 5% of the asking price). Again, we managed to double the property’s capacity to six bedrooms, including turning the garage into a bedroom. This transformation took just 6.5 weeks and cost only £47,000.
Our conversion has enabled this property to realise gross income of £3,200 per month with a net monthly cash flow of £1,200. That’s an impressive yield of just over 15% on the cash our investor placed into HMNO property.
Mr & Mrs F from North London
Mr and Mrs F. from North London bought a three bedroom town house in Great Ashby, a highly sought after area of Stevenage. They saved just over 5% of the £315,000 asking price, securing this attractive property for just £298,127.
Converting this three bedroom house into a six bedroom HMO was completed within six weeks and involved minimal costs – just £30,000.
With our help, this HMO achieves a monthly gross income of £3,470 and a net monthly cash flow of £1,100, As well as enjoying an incredible yield of just over 15% on cash invested, the capital appreciation potential for this HMO property is exceptional.