INVESTMENT OPPORTUNITY

Harrison Street – Barrow-in-Furness

6 bed, 6 -bathroom HMO

with Net returns from 19.77%

Harrison Street - Financial Breakdown – 6 Bedroom – 6 Bathrooms

Purchase Price: £155,000.00

Deposit: £45,376.25 - Finance (75% LTV STL with interest paid for 1st 6 months)

Conversion/Build: £66,307.32* approx. (subject to further onsite visits)

Set up costs/ Design & Build Fees - £14,750.00

Legals Estimate - £1,400.00

Stamp duty - £4,650.00

Survey - £650.00

Furniture and flooring packs can be purchased at an additional cost - £11,522.01

Total Project Cost: £254,279.33

Total Cash outlay: £144,655.58

Projected Rental Income: £115.00 PPPW net of bills (water, gas, electricity) = £35,880.00 (This allows for increased energy prices and increased mortgage interest rates)

Management: £5,241.60 including VAT- (10% fully managed)

Balance of Annual mortgage cost as 1st 6 months paid: £2,034.37 approx.

TRUE NET INCOME: £28,604.03 per annum

NET RETURN ON INVESTMENT: 19.77% per annum

NET RETURN ON INVESTMENT AFTER REFINANCE 30.96%

BASED ON A REFINANCE VALUATION OF £250,000.00 WE CAN RELEASE APPROXIMATELY £200,000.00 BY RE-MORTGAGING AFTER 6 MONTHS. AT THIS STAGE, YOU WILL HAVE AROUND £60,905.58 LEFT IN THE DEAL AND AFTER DEDUCTING THE NEW, INCREASED MORTGAGE INTEREST, YOUR NET INCOME WILL BE AROUND £18,858.40 PER ANNUM GIVING YOU A NET RETURN ON CASH INVESTED OF 30.96%.