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.