6 Bed Professional HMO Rainton Road, Doncaster
We chose Doncaster as an area due to its motorway links and recent investment from Amazon to create 5,000 jobs and huge warehouses to service the needs of the e-commerce world. In addition, it offered great potential for capital growth due to the the implementation of article 4 coming in June 2019 across the city. We converted a lovely 4-bed Victorian three-story house into a licensed 6 Bed HMO with two ensuites. Project completed in 3 months and within budget. £80,000 PP, £40,000 cost including refurb, furniture, legals, license and fees. £27,300 gross annual income with a 75% loan taken out against a £130,000 revaluation giving a 84% return on investment.