5 En-suite HMO - Mansfield

5 En-Suite rooms HMO opportunity in Mansfield

This property offers a HMO opportunity in a high demand rental market without article 4 restrictions. The asset can be brought to full income quickly, delivering strong monthly returns and exceptional mortgage coverage. Ideal for investors seeking a high yield, low risk addition to their portfolio in a town with long term growth fundamentals.

*EPC Rating 67D
*Money left in: £54,455 with remortgage
*Monthly profit £947.50
*Total profit projection over 10 years = £262,288.37

Key property details:
- 5 Bed terraced House
- 3 Floors
- Low maintenance garden
- Close to town centre
- 103 sqm
- EPC 67D
- Council tax band A
- Vacant possession

Key Financials example -
Mortgage 2yr fixed, LTV 75%, interest 5%, No fee:
▪ Guide price: £125,000
▪ Legals: £1,500
▪ Stamp duty: £6,250
▪ Gross monthly rent: £2,750
▪ Gross annual rent: £33,000

▪ Monthly profit: £947.50
▪ Annual profit: £11,370
▪ ROCE: 21%
▪ Gross yield: 17%

▪ Profit projection in 10 years capital growth 5% PCA = £125,778.93
▪ Profit projection in 10 years net rental growth 4% PCA = £136,509.44
▪ Total profit projection over 10 years = £262,288.37

With Sourced you get the full property wealth building package in one place;
Sourced Enterprise - Full limited company SPV and accounting solution
Sourced Finance - Specialist lending not available on the high street
Sourced Living - Fully compliant lettings management service
Legal Conveyancing team available if required.
Professional and compliant renovation team ready to go!

Let me know if you are interested in this as soon as you can.