Secured off-market for £115,000 through a direct-to-vendor campaign. Positioned in Darlington town centre, perfect for professional tenants.
8 Bed HMO
Darlington
Property Breakdown
Property Information
Refurbishment
Fully reconfigured into an 8-bed high-spec HMO with en-suites in every room. The £157,000 refurbishment also included all professional fees and compliance. The full property was taken back to brick and everything brand new installed.
Result
Fully let to professional workers, generating £48,000 annually, with £17,900 net profit. The client on this project used our end to end service to grow their portfolio with high cash flowing assets their favoured strategy.
Financial Breakdown
£115000
Purchase Price
£157500
Refurbishment
£19500
Additional Fees
£115000
Total Cash Investment
£365000
GDV (End Value)
£48000
Rent PA
£17900
Cashflow PA
£18000
Money Left in Deal
99%
Return On Investment
Project Portfolio
Take a look at some of our other completed projects.
