Another great deal from Arsh Ellahi
3 Year Rent To Rent with Option To Extend
Ready Made 5 Bed HMO With Scope to Increase to 6 Rooms

Canley Road, Coventry, CV5 6AR

Rent to Landlord = £1,335 pcm
Finders Fee = £3,000

POTENTIAL CASHFLOW
Managed = £539 pcm = £6,468 per annum
Cashflow Over 3 Years = £19,404

Self Managed = £849 pcm = £10,188 per annum
Cashflow Over 3 Years = £30,564

Call Arsh on 07967 016425

For a limited time only we have managed to secure a property that is already being used as a HMO. 

The property is fully furnished and the Landlord has agreed to a rent-free period until the 22 nd of August 2018.

There are 5 bedrooms with potential to create a 6th.

Location
The property is situated to:
  • 0.1 miles to Canley Station
  • 1.9 miles to Coventry City

Rental
The property could achieve the following:

  • Room 1 - £80 pw (Single - Created from moving a stud wall between a double bedroom and a box room)
  • Room 2 - £80 pw (Single - as above)
  • Room 3 - £103 pw (Double)
  • Room 4 - £103 pw (Double)
  • Room 5 - £103 pw (Double)
  • Room 6 - £125 pw (Double Ensuite) Separated off in an annex in the garden. 

Potential Gross Income = £2,574 pcm = £30,888 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 further years, allowing you to build up a substantial cashflow.

Cashflow Forecast - 6 Bed HMO
Rental Income as a 6 bed HMO:

  • Room 1 – £80 pw (Single - Created from moving a stud wall between a double bedroom and a box room)
  • Room 2 – £80 pw (Single - as above)
  • Room 3 – £103 pw (Double)
  • Room 4 – £103 pw (Double)
  • Room 5 - £103 pw  (Double)
  • Room 6 – £125 pw (Double Ensuite) Separated off in an annex in the garden. 

Potential Gross Income = £2,574 pcm = £30,888 per annum

Costs to consider:
  • Rent To Landlord = £1,335 pcm
  • Bills @ £65 pppm = £390 pcm 
  • Management @ 10% + Vat (Optional) = £310 pcm 

POTENTIAL CASHFLOW AFTER ALL THE ABOVE COSTS
Managed = £539 pcm = £6,468 per annum
Cashflow Over 3 Years = £19,404

Self Managed = £849 pcm = £10,188 per annum
Cashflow Over 3 Years = £30,564

Capital Required To Get Involved:
  • Rent In Advance = £1,335
  • Deposit = £1,000
  • Sourcing Fee = £3,000
  • Refurb to bring up to HMO License standards = £5,000

Total Capital Required = £10,335

The Return On Investment based on an investment of £10,335

Managed = 62%
Self Managed = 99%

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