PROTOTYPE - concept design for Bluerock Developments · illustrative content, figures & imagery are placeholders pending sign-off
Exterior
Kitchen
Bedroom
Bathroom
Communal
Bedrooms6 en-suite
StrategyProfessional let
StatusAvailable
TenantedFrom completion
Overview
A six-bedroom HMO with every room en-suite, in an established Preston rental area. Preston is a university city with a major hospital, a mainline train station and quick access to the M6 and M55, giving steady demand from young professionals and key workers. Delivered fully managed - refurbishment, furnishing, licensing and letting - so the asset performs from day one.
Financial information
| Sales price | £265,000 |
| Gross annual income | £37,440 |
| Utilities including management | £8,000 p.a. |
| Net annual income | £29,440 |
| Forecast room rates | £115 to £125 per room, per week |
| Gross yield | 14% |
| Net yield | 11% |
Cost breakdown
| Purchase price | £130,000 |
| Refurbishment | £108,000 |
| Furniture pack | £10,000 |
| Structural engineer, architect report, CLD | £5,000 |
| Sourcing and project management fee | £12,000 |
| Total cash outlay | £265,000 |
Legal fees, stamp duty and no-search indemnity insurance are additional, at variable cost. Room rates are based on current local market rents. Figures relate to this opportunity only and are not a guarantee of returns. Capital is at risk. Full details provided on enquiry.
Delivered under one roof
- Off-market sourcing and acquisition
- Recommended finance and legal partners
- Full refurbishment to professional HMO standard
- Licensing and compliance handled and evidenced
- Let and managed by recommended partners
- Commercial valuation and refinance strategy on request
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