Another HMO in Birmingham

  • Property was bought for £250,000 and will try to get planning for 9 rooms.
  • The cost of conversion will be £10,000 per room. If planning allows 9 rooms then cost of conversion will be £90,000.
  • The rooms will fetch £500 per month and dependent upon the number of rooms planning will allow. Looking to achieve £24,000 - £34,000 net profit per year.
  • If you would like to get involved or need investment for your projects, get in contact via dav@mpinvestments.co.uk

ONE BEDROOM APARTMENT

Purchase Price

Deposit required at 30%

31,725

Mortgage required at 70%

74,025

Rental Income

8,220

Interest payments on mortgage (based on 2.49% interest)

1,843

Estimated annual running costs (service charge, ground rent etc)

1,195

Estimated net profit PA

5,182

Return On Cash Invested

16.33%

Why invest with Midland Property Investments?

Bulk Deal Discount

We are specialists in the provision of high-income producing, buy-to-let property investments in a number of major UK cities. We have many years of experience in assembling bulk deals that has provided both small and large investors with access to heavily discounted investment opportunities.

Off Market Opportunities

We maintain strong relationships with the UK’s leading housebuilders, developers, banks and receivers to ensure we provide our investors with unrivalled opportunities. Almost all of our deals are completely exclusive and not available anywhere else.

Achieve Financial Freedom

Our experienced team has successfully guided many novice investors to financial freedom through our bespoke property investment services whilst also catering for those investors with up to several million pounds to invest in completely off market investments.