Wilson, Reading RG30
- A Refurbished HMO With Further Value-Add Potential
The Opportunity:
Fully refurbished and furnished, this five-bedroom HMO is currently income-producing and offers an existing rental setup with potential for further development. Currently operating as a 5-bed / 4-bath HMO, the property generates £45,600 in annual rental income. Approved drawings are in place for a potential 6-bed / 6-bath conversion, subject to the relevant permissions and requirements.
The proposed conversion could increase rental income and potentially enhance the property’s value, subject to project costs, market conditions and the final outcome.
Purchase Price: £450,000
Exclusive investor package: sourcing and design services included at no additional charge.
Day 1 Costs: Approx. £149,500
25% deposit, legal costs and Stamp Duty
Estimated Refurbishment Cost:
£65,000
Current Annual Rental Income
£45,600
Current Gross Yield:
Approx. 10.13%
Potential Annual Rental Income
£61,200
Indicative Rent
Up to £850 per room
Potential Gross Yield
Approx. 9.79% based on the estimated end value of £625,000
Estimated End Value
£625,000
Figures are based on current information and/or project assumptions and are provided for illustrative purposes. Rental income, costs, property values, planning outcomes and investment performance may vary. The proposed conversion and estimated end value are not guaranteed.
