5 Bed HMO Project | Westbury Street, Thornaby, TS17 | 17.42 Percent to 19.35 Percent Gross Yield
Purchase Price: £85,000
Approximate Refurbishment Cost: Around £70,000 | Estimated Total Investment: £155,000
Potential Rental Revenue: £2,250 PCM to £2,500 PCM (£27,000 to £30,000 per year)
Planning Status: Approval expected within 4 weeks
Situated in Thornaby near Stockton on Tees, this substantial multi room residential property on Westbury Street represents an outstanding HMO development project. Offered at £85,000 with planning permission for a 5 bedroom HMO expected within 4, an estimated £70,000 configuration budget delivers a high specification asset with double digit returns on your total capital outlay.
Key Investment Highlights
Exceptional All in Returns: Achieving £450 PCM to £500 PCM per room across 5 letting bedrooms generates £27,000 to £30,000 per year, delivering a massive 17.42 percent to 19.35 percent gross yield on an estimated £155,000 total outlay.
Complete HMO Transformation: Currently 3 bedroom property with full scope for reconfiguration into a high yield 5 bedroom house in multiple occupation.
Imminent Planning Clearance: Planning decision anticipated within 4 weeks, giving you a clear timeline to undertake works and list rooms on the rental market.
High Demand Rental Pocket: Positioned close to local retail amenities, major bus routes, and Thornaby Railway Station for direct transit into Stockton and Middlesbrough.
A high performing asset engineered for portfolio investors seeking maximum monthly cash flow post refurb.
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