Built on assumptions. The rent is the agent's figure and the price is our target, not yet agreed. Gross yield is 13.3% at the asking price. The investor pack sets out what's evidenced and what's assumed.
Already let and working, with no works to do.
The property
A detached six-bed HMO, refurbished in 2019. Every room is en-suite, and several have kitchenettes. You buy it with tenants in place.
The income
£40,000 a year works out at £128 a room a week, below the £147 local average for a double en-suite. The tenancy schedule has been requested.
The capital
Large houses nearby point to about £330,000 as a house (range £288,000–£372,000). That's our estimate, not a valuation.
The location
About 2 miles south-east of Bolton town centre, near Farnworth station, with trains to Bolton and Manchester, and close to the M61.
Every month
If things go against it
Net a month in each case. Every case stays positive.Everything you need to decide.
Documents marked Requested are with the selling agent. They'll appear here, on this same link, as they arrive.
We check before you commit.
- 1
The real rents
We get the actual rent and bills for each room from the agent.
- 2
The licence
We check the licence and planning use on Bolton Council's register.
- 3
The lending
A broker confirms limited company HMO rates and how the lender will value it.
- 4
Your offer
We agree an offer with you. We would not go above £285,000.
- 5
Secure it
On acceptance, a £2,000 holding deposit, then survey, searches and valuation.