6 Bed Massive Social HMO Stockton on Tees

Yesterday we conveyed on this Victorian property. In 6 weeks we are aiming to transform it into a 6 bed social HMO let on a 5 year contract with probable renewals. The contract is for £13,104 a year without any  voids… maintenance and no mangement. The only kicker it is hard to get finance. However this is a commercial deal and we have built up with the number of projects and experience. Just maybe a bit shy of all the political nonense with Brexit.

We have alot of work ahead of us as we have 7 projects going on. One was signed off yesterday and hopefully next week another two.

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