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The Kingway Project
The Kingway Project
HEADLINE FIGURES
Strategy - HMO Rental
Purchase Price - £280,000
Refurb Costs - £38,000
Annual Rental Income - £38,400
6 Bed HMO
This 5 bedroom 2 storey home was purchased as an off market deal - The property has been converted into a 6 bedroom HMO; with 4 of the rooms becoming en-suite, a luxury kitchen/ diner space, private parking and a large garden to the rear. The property is attractive to young professionals who work in the city, and was fully let 2 weeks prior to the completion of works.