King’s Lynn 5 Bed Licensed HMO, Fully Tenanted with Minimal Refurb, Strong ROI
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Property: Fully licensed and fully tenanted 5 bed HMO requiring only light refurbishment, ideal turnkey investment
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Location: King’s Lynn area with strong rental demand from local employers, hospital staff and contractors
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Purchase Price: £215,000
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Stamp and Legals: £12,750
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Refurb: £1,400 (including HMO licence)
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Total Money In: £67,900
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Income per Month: £3,174.17
- Monthly Profit: £1,165
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Profit Annually: £13,988.23
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ROI: 20.60%
A ready made, income producing HMO in a strong rental market with minimal work required and healthy ongoing returns.