Another great deal from Arsh Ellahi
5 Year Rent To Rent - Ready Made 5 Bed HMO

Income-Producing With Scope to Increase Income

Shelford Street, Scunthorpe, DN15 6NU

Rent to Landlord = £850 pcm
Finders Fee = £3,000

POTENTIAL CASHFLOW
Self-Managed = £471 pcm = £5,652 per annum
Cashflow Over 5 Years = £28,260

Managed = £274 pcm = £3,280 per annum
Cashflow Over 7 Years = £16,440

Call Arsh on 07967 016425

Great Investment Opportunity!

For a limited time only we have managed to secure a readymade and income-producing HMO. The property has recently been refurbished and can come furnished or unfurnished. The landlord has agreed to extend the agreement to 5 years on the basis that everything goes well. 

The landlord has advised the property is up to licencing standard and will just require the licence fee in October.

Location
The property is situated to:
  • 0.8 miles to Scunthorpe general hospital
  • 1.5 miles to North Lindesy Collage
  • 0.3 miles to the town centre   
  • 0.4 miles to Scunthorpe station 

Rental
  • Room 1 – Rented at £70 pw with potential to increase in line with other rooms in the area
  • Room 2 – Rented at £70 pw with potential to increase in line with other rooms in the area
  • Room 3 – Potential to be rented at £80 pw
  • Room 4 – Potential to be rented at £80 pw
  • Room 5 – Potential to be rented at £80 pw


Potential Gross Income = £1,647 pcm = £19,764 per annum

Call ARSH on 07967 016 425

The Vision
  • To take the property on and fill the other rooms enjoying the cashflow 
  • On good behaviour, you could extend the contract for another 5 years allowing you to build up a substantial cashflow.

Cashflow Forecast - 5 Bed HMO
Rental Income as a 5 bed HMO:
  • 5 double rooms @ average £329.40 pcm each = £1647 pcm = £19,764 per annum

Potential Gross Income = £1,647 pcm = £19,764 pa
Income Over 5 Years = £98,820

Costs to consider:
  • Rent To Landlord = £850 pcm
  • Bills @ £65 pppm = £325 pcm 
  • Management @ 10% + Vat (Optional) = £197.60 pcm 

CASHFLOW AFTER ALL THE ABOVE COSTS
Managed = £274 pcm = £3,288 per annum
Cashflow Over 5 Years = £16,440

Self Managed = £471 pcm = £5,652 per annum
Cashflow Over 5 Years = £28,260

Capital Required To Get Involved:
  • Rent In Advance = £850
  • Deposit = £300
  • Sourcing Fee = £3,000
  • HMO license fee = £250

Total Capital Required = £4,400

The Return On Investment based on an investment of £4,400

Managed = 75%
Self Managed = 129%

I am in contact with a letting agent who would be able to manage the property for you and make this a hands off investment.

If this is of interest call Arsh immediately on 07967 016425 to reserve.
Disclaimer - IMPORTANT NOTE TO PURCHASERS:
We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. Any services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All measurements have been taken as a guide to prospective buyers only, and are not precise. Please be advised that some of the particulars may be awaiting vendor approval. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. Fixtures and fittings other than those mentioned are to be agreed with the seller.

The information displayed about this property comprises a property advertisement. Arsh Ellahi makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information. This property advertisement does not constitute property particulars.
The Ellahi Group
30-32 Chapel Ash, Wolverhampton, WV3 0TN
T : 01902 427143
E : arsh@arshellahi.com
W : www.arshellahi.com