Investment
opportunity

investments in the UK

House in multiple occupation with refurbishment

Throughout refurbishment with space optimization and conversion for HMO rental model

Invest
Boat in a river

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Location

Warrington – UK

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Buying price

146’850£

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Refurbishment

44’000£

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Total investment

190’850£

Building icon

End value

210’000£

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Net rental income

16’638£

Strategy

This project consists in the purchase of a 3 bed semi-detached house with the objective of turning it into a 6 bed HMO. The property needs to undergo a complete refurbishment to a high, modern standard. The garage will be converted in an en-suite bedroom and the second floor can be extended in order to accomodate an extra bathwoom.
The property will feature 3 double bedrooms with private bathroom, 3 double bedrooms with shared facilities and a communal kitchen area. Once completed the property can be refinanced up to 75% LTV or sold on the market in order to cash in the value uplift.

Refurbishment
BUYING PRICE 141’000£
TRANSACTION COSTS 5’850£
REFURBISHMENT 44’000£
TOTAL INVESTMENT 190’850£
END VALUE 210’000£
Rental income
GROSS RENT 31’200£
MANAGEMENT COSTS 3’744£
BILLS AND TAXES 8’592£
MAINTENANCE 2’496£
NET INCOME 16’638£

Refurbishment

BUYING PRICE: 141’000£
TRANSACTION COSTS: 5’850£
REFURBISHMENT: 44’000£
TOTAL INVESTMENT: 190’850£
END VALUE: 210’000£

Rental income
GROSS RENT 31’200£
MANAGEMENT COSTS 3’744£
BILLS AND TAXES 8’592£
MAINTENANCE 2’496£
NET INCOME 16’638£

Location

Warrington is a large town in the North West of England in between Liverpool and Manchester, with excellent motorway and rail links to both. With a population of 210 000 Warrington is the largest town in the county of Cheshire. There is a large Unilever factory in Warrington where detergents are made. IKEA chose Warrington as the location for their first store when they came to the UK. The Omega Development Site close to the M62 on the northern edge of Warrington is a major business park to be developed in stages over the next 30 years. Warrington has also set out its plans to become a “New City” by looking to build up to 24,000 new homes and around 381 hectars of land over the next 20 years. Once the new homes and employment areas are built it is hoped that it will take the population of Warrington to around 350,000.
Warrington has strengths in the chemicals and plastics industry with key manufacturers, which include Perstorp, Solvay, PQ Silicas, Unilever, Colas and Perrite. Automotive related suppliers include: Clarcor (Baldwin Filters), Camcoat Performance Coatings, Krauss Maffei and K&N Filters. Engineering is notably strong, particularly in nuclear engineering. Key employers in this sector include Sellafield Ltd, Rolls- Royce, Nuvia, and AMEC. Due to its central location in the motorway network there is significant logistics and warehousing sector, including DHL. Warrington has the fourth highest jobs growth in the UK (at 4.5% – only bettered by Edinburgh, Brighton and London).

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