Commercial to 8-Bed Residential HMO all en suite in Greater Manchester
Requires planning permission; however, a positive viability report from our planning consultant strongly supports the application success. ✅
Purchase Price: £199,500
Associated Costs (Stamp Duty, Legals, Planning & Professional Fees): £14,39
Refurbishment/Construction costs: £165,000 estimated
Furnishing: £12,500
Estimated Gross Development Costs: £391,394
Gross Development Value (GDV): £540,000 Plan is to refinance at 75% LTV and pull out all your money + £13k
Estimated month profit: £1,265
Estimated Net Profit on sale: £148,606
Funding: A bridging loan quote is in place, with an indicative cash requirement of around £90,153
Project Management Available for additional fee