Public House to 12 Bed HMO Conversion, West Yorkshire
Project Brief
The site was a former public house. The property was converted to 2x 6 bedroom Houses of Multiple Occupancy and one commercial unit which was let as a sandwich shop.
Normanton is a popular location for HMO applicants especially blue collar workers.
The property was refinanced on completion to release the added value.
Financials
| Purchase Price | £105,000 |
| Conversion Costs | £156,000 |
| Gross rent client receives | £66,240 p.a. |
| Time | 7 Months |
Fivenines