6 Bed HMO with a 1 bed flat that has its own entrance. Both on the same title and freehold. Total rental income is 2400 for HMO and 425 for the Flat – ( each room in hmo around 400 some slightly more and some slightly less depending on size, only 1 is empty at present). All professionals working Land lord pays the gas and electric for the HMO approxs 200 pcm all other bills the tenants pay and the flat the tenant pays all bills.
Purchase price 305K
At £2400 + £425 = £2825 per month rent.
Over 10% net yield.
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Assets Description FOR SALE
5-bedroom HMO in Lancashire
Leased to Serco on a 6 years + 11 months contract.
Backed by the Home office not a charity that can go bust.
Lease 2023 to 2030.
Financial Breakdown:
Purchase Price (Based on a conservative 9.01% Rental Yield): £201,480.
Monthly Rental Income: £1,512.55.
These figures highlight the favourable returns and growth potential.
The asking price represents the substantial added value of the lease and the cost of conversion into a 5-bedroom HMO.
Why You Should Consider investing in Serco HMOs:
- Government Approved Rent - leases from 6-10+ years in place.
- Yields from 8% to 10% per annum.
- Never a late payment.
- Tremendous demand and limited supply of properties.
- Over 140,000 applications pending and not enough properties to place these people.
- Rental increases over time.
- No voids and no maintenance costs.
- No Management.
- Backed by the Home office not a charity that can go bust.
- Program of Asylum seekers since the early 1990s.
- Favourable Govt Policy.
- Future Capital Growth.
All investments and assets are subject to availability. Buyer’s Fee + VAT Applies. Excl. Tax Fees. E&OE.