High specification bespoke conversion 4, 5 & 6 bed self contained HMOs with 12% gross yields

High specification bespoke conversion 4, 5 & 6 bed self contained HMOs with 12% gross yields

8:34 AM, 22nd May 2015, About 6 years ago

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Heaton outsideThe Heaton Group is a family business that started four generations ago. They have specialised in developing multi-let property in and around the Greater Manchester area with a proven track record for maximising yields through increased quality and desirability for tenants.

Over 20 development opportunities are assessed per week in high demand areas and then the best are purchased and passed to their own in house development team for conversion. The team consists of over 120 tradesmen who have a proven track record of delivering high spec, modern living accommodation with the capacity to bring projects very quickly to completion.

Finance can be readily sourced using a 30% deposit with properties fitting Shawbrook Bank HMO criteria.

Heaton loungeHeaton BathroomHeaton V2 lounge

4 Bed Studio 5 bed Studio 6 bed Studio
Number of Rooms 4 5 6
Rent per room pw £130 £130 £130
Weekly income £520 £650 £780
Monthly income £2,253 £2,817 £3,380
Annual income £27,040 £33,800 £40,560
Purchase Price £225,000 £280,000 £330,000
Gross Yield 12.02% 12.07% 12.29%

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