Comfortable-Bedroom

Your Property Experts

Investors

Many people want to invest their money into property for lots of different reasons. From our own experiences and learning from others we make sure the deal stacks and starts making money from day one.

  • We offer a complete hands free opportunity

  • We find out what you want from the property 

  • We find you fantastic property deals

  • We can manage the refurbishment of the property

  • We can find you tenants

  • We can manage the tenants and property long term

Canva%20-%20Carton%20miniature%20house%2

Real examples

Single buy to let

 

A single buy to let is a property that is let out to up to 2 people unrelated or a family. The property can be any type but its normally a 1-3 bed semi detached or terraced house.

This case study is based on a 3 bed terraced property on the outskirts of Derby 

Purchase

Purchase price - £68,000 

Deposit - £17,000

Mortgage - £51,000 

Costs (including refurb) - £15,000

 Total money in £32,000

Refinance

Refinance - £95,000

Mortgage - £71,250 

Leaving in the deal - £11,750

Pulled out £20,250 

Yearly Costs

Mortgage after refinance £2,226.72

Insurance £170.98 

Voids & maintenance - £432

Total yearly costs £2,829.70

Profit

Rent achieved £575pcm/£6,900pa

Per year £6,900-£2,829.70=£4,070.30

Yield - Gross 10.15% - Net 5.99%

ROI - Gross 58.72% - Net 34.64%

We believe that single buy to lets are one of the safest models to us in property. They do get over looked as they don’t generate a huge profit at the end of each month but they generally have less tenants coming and going and less maintenance. 

Buy to HMO

 

A HMO (house of multiple occupation) is a property that is let out to 3 or more people that are unrelated. These typically have shared kitchen/living areas and sometimes bathrooms (some rooms may have en-suites). They are usually found close to town and city centres.

 

This case study is based on a 5 bed property on the outskirts of Derby 

Purchase

Purchase price - £73,000 

Deposit - £18250

Mortgage - £54,750 

Costs (including refurb) - £55,000

Total money in =£73,250

Refinance

Refinance - £140,000

     Mortgage - £105,000 

Leaving in - £23,000

Pulling out - £50,250

Yearly Costs

Mortgage £4,059.12

Utilities - £4,027.68

Insurance - £265.58

Voids & maintenance - £1,378.40

Total yearly costs - £9,730.78  

Profit

 Rent  £1464.3pm £17571.60pa

 Net income - £7,840.82pa

Yield Gross 24.07% - Net 10.74%

ROI Gross 79.4% - Net 34.09%

This property was bought as a 2 bed terraced property. By changing the floorplan we created a great 5 bedroom HMO.

We have shared bathroom facilities in this case as the extra spend to create en-suits would not have resulted in noticeably higher rents in this location and market. 

With HMO properties you normally include all bills with the rent. This is due to the tenants not knowing each other and the fact that tenancy's start and end at different times. This is all calculated in the rent you charge. Tenants also like this set up as it’s easy to plan their money as it’s a one off monthly payment.

If you would like more information about our services please complete the form below.

Contact Us

Thanks for submitting!