If you want a Standard BTL, you will will need have approximately £30,000 to £50,000 for buying costs, deposit, and basic refurb and on average you should depending on interest rate, achieve an average 8 to 12% Yield.
If you want a HMO will need 150K – 200K for buying costs, deposit, and full refurb and on average you should depending on interest rate, achieve an average 15 to 20% Yield. This also involves a high cost of refurb.
For a Commercial to Residential strategy you will also need 150K – 200K plus for buying costs, deposit, and full refurb and on average depending on how you structure the project should return a higher yield.
An alternative is to TITLE SPLIT a block of flats or any property where any freehold titles can be split and turned into leasehold. Sometimes this can be done with little or no deposit and simply do the paperwork to convert the leases. For this you will need approximately will need £30, 000 to £50, 000 plus any refurb costs. This should ensure an 25% to 40% uplift and increased rentals and yields.
Want to know more - call Dennis on 01332981666 or email: dennis@mauinvestments.co.uk