Commercial to 7-Bed Residential HMO
Requires planning permission; however, a positive viability report from our planning consultant strongly supports the application success. ✅
Purchase Price: £140,000 (negotiable downwards 👇)
Associated Costs (Tax, Legals, Planning, Professional Fees): £7,400
Refurbishment/Construction costs: £87,000
Total Estimated Project Cost: £234,400
Gross Development Value (GDV): £345,000 🎯
Estimated Net Profit: £108,000 💸
Funding: A bridging loan quote is in place, with an indicative cash requirement of £58,000
Timeline: Efficient project management aims for planning approval and build completion within 4 months. 🗓️