HMO CONVERSION, NORTH LONDON

Converted 3 bedroom house into 5 bedsits with their own private shower facilities.

Purchase Price £360,000
Deposit 25% LTV £90,000
Stamp duty £18,800
Renovation costs £50,000
Total investment £158,800

Rental income £4,375 per month
£52,500 per annum
End valuation £450,000
Yield 11.66%