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Bought £250k Family Home & Converting it into 6 Bedroom HMO
2 years ago
Our NEW HMO Project which we PURCHASED For £250k
This is a 6 bedroom, 6 bathroom HMO which we are spending about £50,000 upgrading which includes:
- Legal Costs
- Stamp Duty
- Light Refurb
- New Plumbing
- New Electrics
- Decoration
- New Furniture
This property will give us a gross yield of around 15% with a gross income of around £45k per year.
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