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Another great deal from Arsh Ellahi
19% Below Market Value

Readymade and Part-Tenanted 6 Bed Licensed HMO

Peveril Street, Nottingham, NG7 4AH

Market Value = £270,000 
Purchase Price = £220,000
Finders Fee £5,000  

POTENTIAL CASHFLOW
Managed = £1,356 pcm = £16,274 per annum
  Self Managed = £1,625 pcm = £19,500 pa

Great Investment Opportunity!

For a limited time only we have sourced a ready made and licensed 6 Bedroom HMO in a fabulous location and in excellent condition. This HMO is in a prime location to attract high-end professional working tenants and mature students. 

The property comprises of :
  • 6 Bedrooms
  • Large Reception Room
  • Kitchen/Diner
  • 2 x Bathrooms

Location
  • 2 miles from Nottingham City Centre
  • Close Proximity to the City Centre Shopping, bars, restaurants
  • Excellent train and bus transport links
  • Short commute to Nottingham City Centre
  • Local access to M1, M6 & M6 Toll

Rental
Rooms are currently rented at :
  • 4 x Rooms x £350 pcm
  • 2 Rooms x £420 pcm

Tenants are a mixture of working professionals and Mature Students the property is fully managed

4 out of 6 rooms are let and Current Income = £1,406 pcm = £16,880 per annum

Call ARSH On 07967 016 425

The Vision
  • Purchase the property Below Market Value for £220,000 and retain for cashflow
  • Purchase and refinance to pull out some of your initial capital

Cashflow Forecast
Rental Income as 6 bed HMO:

  • 4 x Rooms x £350 pcm
  • 2 Rooms x £420 pcm

Potential Gross Income = £2,240 pcm = £26,880 per annum

Costs to consider:
  • Mortgage Cost (Based on 75% Lending at 4%) = £550 pcm
  • Utilities @ £65 per person = £390 pcm
  • Management @ 10% + VAT = £269 pcm

CASHFLOW AFTER ALL THE ABOVE COSTS
Managed = £1,031 pcm = £12,372 per annum
 Self Managed = £1,300 pcm = £15,600 per annum

Capital Required To Get Involved:
  • Purchase Price = £220,000
  • Deposit @ 25% = £55,000
  • Stamp Duty = £8,500
  • Legals = £1,000
  • Sourcing Fee = £5,000

Total Capital Required = £69,500

The Return On Investment based on an investment of £69,500

Managed = 18%
Self Managed = 23%

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