Investment Opportunity – Ainslie Street, Barrow-in-Furness

6 Bedroom | 6 Bathroom | Design & Build HMO Investment

Financial Breakdown

• Purchase Price: £150,000.00
• Deposit: £43,912.50 (includes 6 months interest for bridging loan)
• Conversion / Build: £88,719.97 approx. (subject to further onsite visits)
• Set Up Costs / Design & Build Fees: £15,500.00
• Legals Estimate: £2,000.00
• Survey: £650.00
• Stamp Duty: £8,000.00
• Furniture & Flooring (optional): £13,200.00
• Total Project Cost: £284,482.47 (includes 6 months interest for bridging loan)
• Total Cash Outlay: £171,982.47 (includes 6 months interest for bridging loan)
• Projected Rental Income: £135.00 PPPW x 4 and £125.00 PPPW x 3 (net of bills) x 6 = £41,080.00 per annum
• Management Fee (10% inc. VAT, fully managed): £6,052.80
• Net Income: £35,027.20
• Net ROI After Refinance: 49.06% (Based on a refinance valuation of £300,000.00 we can release approximately £240,000.00 by re-mortgaging after 6 months. At this stage, you will have around £44,482.47 left in the deal and after deducting the new, increased mortgage interest, your net income will be around £21,827.20 per annum giving you a net return on cash invested of 49.06%)

Floor Plans

Ground Floor

First Floor

* These floor plans are tentative and subject to change based on requirements and investment commitment.

Why Invest in Barrow-in-Furness?

• BAE Systems shipyard employs ~8,500 workers plus contractors — large shortfall of shared accommodation
• Centre of the £40 billion Dreadnought nuclear deterrent submarine programme
• BAE awarded £85m for Royal Navy next generation submarine design
• Close commuting links with Ulverston and South Lakeland
• Major employers: Kimberly-Clark, Robert McBride, Rampside gas terminal, Ørsted offshore wind
• Gateway to Sellafield; home to Furness College & its Advanced Manufacturing Facility
• Teaching hospital ~5 mins drive — excellent source of professional tenants

The Finished Product

• A new Inspire Landlord thermostatic system will be fitted to control central heating usage — projected savings of up to £1,000 per year, keeping bills affordable for the landlord
• The property will be refurbished to the highest standard and will contain all everyday necessities within the furniture pack, including a washing machine, vacuum cleaner, and microwave
• All rooms will be rented at £115.00 per person per week (ensuite)
• The property will be fully regulated and compliant with the local council following inspection on completion of building work, with all necessary approvals secured
• Every room will feature interlinked smoke alarms, with emergency lighting systems, appropriate fire panels, and heat sensors installed throughout

Nearby Locations

Property Location

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