Completed Professional HMO in Birmingham

  • This is the completed HMO that was purchased 3 months ago. It is an HMO's (Multilets) in a prime location in the Birmingham. This a Joint Venture with a local developer from Birmingham.
  • .
  • We spent around £35,000 doing a major refurb, This is a 8 person HMO for young professionals.
  • We will get around £3,000 per month rent. The costs will be around £1300 per month leaving a net profit of £1700 per month.
  • If you want to know more about the project or get involved in similar projects, please drop me a line on 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.