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House
·
for sale
£ 85,000
3 bedroom terraced house for sale
Westbury Street TS17 Stockton-On-Tees
· 3 Bedrooms · 1 Bath · House
Westbury Street TS17 Stockton-On-Tees · 3 Bedrooms · 1 Bath · House
5 Bed HMO Project | Westbury Street, Thornaby, TS17 | 17.42 Percent to 19.35 Percent Gross YieldPurchase Price: £85,000Approximate Refurbishment Cost: Around £70,000 | Estimated Total Investment: £155,000Potential Rental Revenue: £2,250 PCM to £2,500 PCM (£27,000 to £30,000 per year)Planning Status: Approval expected within 4 weeksSituated in Thornaby near Stockton on Tees, this substantial multi room residential property on Westbury Street represents an outstanding HMO development project. Offered at £85,000 with planning permission for a 5 bedroom HMO expected within 4, an estimated £70,000 configuration budget delivers a high specification asset with double digit returns on your total capital outlay.Key Investment HighlightsExceptional All in Returns: Achieving £450 PCM to £500 PCM per room across 5 letting bedrooms generates £27,000 to £30,000 per year, delivering a massive 17.42 percent to 19.35 percent gross yield on an estimated £155,000 total outlay.Complete HMO Transformation:
5 Bed HMO Project | Westbury Street, Thornaby, TS17 | 17.42 Percent to 19.35 Percent Gross YieldPurchase Price: £85,000Approximate Refurbishment Cost: Around £70,000 | Estimated Total Investment: £155,000Potential Rental Revenue: £2,250 PCM to £2,500 PCM (£27,000 to £30,000 per year)Planning Status: Approval expected within 4 weeksSituated in Thornaby near Stockton on Tees, this substantial multi room residential property on Westbury Street represents an outstanding HMO development project. Offered at £85,000 with planning permission for a 5 bedroom HMO expected within 4, an estimated £70,000 configuration budget delivers a high specification asset with double digit returns on your total capital outlay.Key Investment HighlightsExceptional All in Returns: Achieving £450 PCM to £500 PCM per room across 5 letting bedrooms generates £27,000 to £30,000 per year, delivering a massive 17.42 percent to 19.35 percent gross yield on an estimated £155,000 total outlay.Complete HMO Transformation:
£ 85,000