Property Snapshot
Property Overview
We are delighted to offer this five-bedroom HMO property in Middlesbrough. The property has been fully renovated to meet housing provider standards and includes furniture and white goods. These properties are sold fully turnkey, ideal for the ´armchair` investor with a rental income of 10% over 25 years. This ethical investment includes full tenant damage and maintenance cover (FRI).
Key Facts
- Price £380,380
- 9 Bed HMO property
- 9% NET return
- £5,000 reservation fee
- 25 Year rental assurance
- CPI linked rents
- Annual rental review
- Tennant damage cover
- Maintenance cover
- Housing association backed
- No void periods
- Stress free investing
25 Year Cash Flow Example
- Purchase price £380,380
- Annual income £34,234.20
- Monthly income £2,852.85
- Year 1 rent £34,234.20
- Year 25 rent £67,042.44*
- Lease period 25 years
- Total rent received £1,222,262.17*
Yield forecast
- Y1 Yield: 9%
- Y25 Yield 17.63%
*Based on an average 2.84% inflation per annum
Area Highlights
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Testimonials
I was a bit nervous as this was my first investment purchase. I am happy to say that this company was very good with communication and advised me throughout the entire process. I would definitely recommend them, many thanks to 365 Invest in Manchester.
Very easy to work with, informative but not pushy. Great experience all round. Thank you.
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