INVESTMENT OPPORTUNITY
Gresham Road – Middlesbrough
4 bed, 4 bathroom HMO
WITH NET RETURNS FROM 17.08%
Gresham Road - Financial Breakdown – 4 Bedroom – 4 Bathrooms
Purchase Price: £75,000.00
Deposit: £21,618.75 - Finance (75% LTV STL with interest paid for 1st 6 months)
Conversion/Build: £47,194.00* approx. (subject to further onsite visits)
Set up costs/ Design & Build Fees - £14,750.00
Legals - £1,400.00
Stamp duty - £2,250.00
Survey - £550.00
Furniture and flooring packs can be purchased at an additional cost - £7,261.00
Total Project Cost: £148,765.00
Total Cash outlay: £95,383.75
Rental e: £90.00PPW/£95.00 PPPW x 4 net of bills (water, gas, electricity) = £19,760.00
Management: £2,620.80 including VAT- (10% fully managed)
Balance of Annual mortgage cost as 1st 6 months paid: £843.75 approx.
True net e: £16,295.45 per annum
NET RETURN ON INVESTMENT: 17.08% per annum
NET RETURN ON INVESTMENT AFTER REFINANCE: 35.11%
Based on a refinance valuation of £145,000 we can release approximately £116,000 by re-mortgaging after 6 months. At this stage, you will have around £35,633.75 left in the deal and after deducting the new, increased mortgage interest, your net e will be around £12,510.80 per annum giving you a NET RETURN ON CASH INVESTED OF 35.11%!
THE PROPERTY
• A sought-after area with easy access to the University, local amenities and the
town centre. Only a 6 minute walk to the University campus and the Student
Union bars. The town centre and train station are just a 10 minute walk away.

• Spacious enough to enable a 4-bedroom multi let: all with double rooms and 4
bathrooms plus a munal kitchen.

• Teesside University has over 20,000 students and has a lively student

MIDDLESBROUGH HAS BARGAIN PRICED PROPERTIES THAT PRODUCE FANTASTIC RETURNS PLUS EXCELLENT POTENTIAL GROWTH RATE:

• Has been invited to bid for the honour of applying to be the UK’s newest city as
part of the Queen’s Platinum Jubilee celebrations.
• Excellent road and rail connections to Darlington, Newcastle, York, Leeds and
Manchester – and direct connection to London.
• Almost 100% superfast broadband coverage and 5G coverage imminent.
• Recently overhauled Victoria Square and Central Gardens form the largest civic
space in Europe.
• Significant investment in the area including £160m improvements to the
Transporter Bridge and development of a digital hub/Boho Zone where globalinvestment in retail & leisure, £21m investment in new Sports Village and
Velodrome and £12m city centre hotel investment.
• Benefits from a muter area with over 24,000 people travelling in from
surrounding areas each day.
• 2 leading education institutions located in the heart of Middlesbrough, with
Teesside University investing £275m in their town centre campus, and a further
£300m planned over the next 5 years.
• Population of around 139,000 people and a further 700,000 regular visitors from
surrounding areas.
• Just over 21,000 students attend Teesside University
• There is also a large campus for the prestigious Durham University based on in
Stockton-on-Tees

THE FINISHED PRODUCT
• Will be refurbished to the highest standard and contain all the necessities for
student life within the furniture pack plus WIFI, bike storage etc.
• All rooms will be rented at £90- £95 (ensuite) per person per week.
• Will be supplied, fully regulated pliant with the local council and passed
for university modation approval pletion of the building work with
all necessary approvals.
• Will pleted including University required extras such as full fire safety
accreditation. prises of interlinked smoke alarms in all rooms,
emergency lighting systems, appropriate fire panels and heat sensors.

*Please note, VAT will be charged at the appropriate rate where applicable.