Mini-HMO Merthyr Tydfil
Mini-HMO
Secured at £130,000
4 Double Bedroom 3 storey terrace property, court yard garden and garage, central Merthyr Tydfil, close to all amenities and 3 minute walk to the college.
14% yield
The property is in a really good condition, only minor refurbishment would be required.
| Asking Price | The property has been secured at £130,000.
The property is 8 years old, as the area is seeing capital growth and are set to rise further over the next 3-5 years – the revaluation of the property in 12-18 months would be in the region of £145,000. |
| Rental Income | £380 per room per month
£1,520 PCM Gross income £18,240 Per Annum 14% yield. |
| Running Costs | With regards to running the property as a mini-mo – you will be responsible for bills such as:
Gas & Electric, council tax, water rates, internet, insurance, TV licence, Estimated at £350 PCM |
| Refurbishment Required | Only Minor refurbishment, decorate and furnish required |
| Refurbishment Costs | • Adding door way in hallway and moving radiator = £600
• Furnishing = £3400 |
| Sourcing Fee
Deposit |
£4,000
£2,000 to secure the deal, identification and proof of funds required. |
| Overseeing of Refurbishment | To over-see the refurbishment on the property, the fee is £1,000. |
