I have 7 refurbishments of social housing HMOs going on at the moment. This is another one we have in St. Helens outside of Manchester and Liverpool. Highly desirable location with our buyers from Hong Kong. St. Helens is value priced and one can easily assume there will be price appreciation. We are completely redoing this property. Even though it is almost a 100 years old, it is being born again with new electrics, plumbing, boiler, basically brought back to the brick. This property will generate net a year without any voids, management or maintenance unless structural £19,500. I sell most of these at around a net 9% price. This is really 11% gross which is unheard of in today’s market and even better the counterparty is the UK govt who has underwritten the contract for 10 years. Contact me to learn more.

 

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