High Yielding Investment in Bradford

  • £85,000
Featured For Sale
Paley Road, Bradford,BD4
Featured For Sale

High Yielding Investment in Bradford

Paley Road, Bradford,BD4
  • £85,000

Overview

  • HMO
  • Property Type
  • 3
  • Bedrooms

Description

An investment property consisting of a 3-bed terraced house in Bradford where value can be added by converting it into a 4 bed HMO compliant property.

This will massively increase the rent to £800pcm with a local housing association who will take the property with a 5 years lease.

Carry out some light refurbishments and convert it into a 4 bed HMO compliant property, with costs expected to be around £8,000 to £10,000.

Handover to a Housing Association with a 5 years lease. By doing this it will add value to the property. 
Thereafter enjoy the monthly cash flow and if required, the property can be refinanced to take out majority of cash equity.

  • Sourcing fees: £3,500
  • Estimated Conversion Costs: £8,000- £10,000
  • Potential Annual Rental Income: £9,600
  • Net Yields: Approx 10% 
  • City Bradford

Details

Updated on October 18, 2021 at 5:37 pm
  • Price: £85,000
  • Bedrooms: 3
  • Property Type: HMO
  • Property Status: For Sale

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What's Nearby?

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