Property type House
Number of bedrooms 4
PROJECT OVERVIEW – 4 BED & 3 BATHROOMS INCLUDING ENSUITES
Located close to the city centre and the university provided student transport links.
Lancaster has two universities, the University of Cumbria and the famous Lancaster City University, consistently in the Times top ten, places in this University are much sought after throughout the world. The facilities are constantly being updated and are second to none. There is a total student body within the city of around 20,000.
For professional lets there is a good market based around the Lancaster Royal Hospital, the universities teaching staff and the atomic power station at Heysham plus the new Eden project.
Our model gives our investors as much or as little involvement in the project as they require, this can be a fully arms- length project. We deliver to our clients a purpose built conversion which provides brand new 4 bedroom student/professional accommodation designed specifically to meet the needs of this market. The changing nature of todays renter demands, more luxury and privacy. We include within our properties the maximum number of en suite bathrooms that space will allow.
HMO HAVE SUCCESSFULLY SOURCED, DESIGNED AND BUILT 110 PROPERTIES OVER THE LAST 2 YEARS!!!
OUR UNIQUE MARKETING MODEL HAS TENANTED OVER 400 ROOMS WITHIN THE SAME PERIOD!!
Using our system, the investor takes the equity increase as well as the rental.
All units are delivered to the investor, built to the specific council and university specifications.
Room sizes all well in excess of minimum requirements.
Supplied with a minimum 2 En Suite bathrooms plus a communal.
Completed with new modern kitchen and common areas
Fully certified and regulated for fire and safety.
Floor coverings and furniture designed for the modern HMO market
Full hardwired internet and Wi-Fi connections provided, centrally and in each bedroom
*** FINANCIAL BREAKDOWN – 4 BEDROOM – 3 BATHROOM HMO ***
Minimum total cash required £60,000 (subject to status and security)
Rental Income net of water, gas, electricity: £19,760 per annum
INITIAL NET RETURN ON INVESTMENT: 15.12% per annum
ULTIMATE NET RETURN ON INVESTMENT AFTER REFINANCE: 21.80%
For further information contact Yvette on 0161 230 3367
Mention https://ukbuyandsell.com/ when calling seller to get a good deal