Purchase Price: £295k
Stamp Duty: £19,500
Legal Fees: £2000
Refurb Cost: £1k (Allowance for cosmetics/EPC improvements)
Monthly Rent: £2,873
Monthly Net Profit: £1604.56
Vision: Turnkey 6 Bed HMO – Purchase property with vacant possession and then hand to social housing for 7 year contract, Social housing provider ready and in place.