Trefoil Cresent, West Sussex
A typical 3-bedroom terraced house with one bathroom has been renovated to a 3-bedroom with 3-bathroom HMO.
Location: Broadfield, Crawley
Purchase Price: £195,000
Purchase deposit: £48,750 (25% of purchase price)
Stamp duty: £7,250
Solicitors & Survey: £2,000
Refurbishment Cost: £36,000
Total Investment: £94,000
Rental Income Per Annum: £25,200
Gross return on income: 26.8%
Net return on income: 14.5% (This figure is after all expenses paid including mortgage interest payment)
Value of property after refurbishment as an HMO: £260,000
Completed Project Before & After Photos
