I’ve just been studying this property in Oakham and its potential for investment having just found out it has two self contained flats attached.
Putting a few thoughts and sums together, this property offers great potential for a professional HMO and with the two flats could see a fantastic potential return of 9.6% on an estimated £312,000 investment.
Purchase: £284,950 (asking price)
Stamp Duty, Legals & Survey: £12,250
Estimated Works: £15,000
Potential monthly income based upon 2 self contained flats and 4 en suite rooms: £2500
Potential yield on full occupancy 9.61%
My views are based on my knowledge of the area and what I can see on the public websites. I have not viewed the property internally so I recommend that you view the property before deciding if this is a right investment for you. If you’ve viewed this property and would like some advice in regards to its rental potential, why not give me a call on 01536 519908 or email me email@example.com
The property is up for sale with Gilbert & Thomas Estate Agents in Oakham (link below)