Fantastic 6 Bed HMO – Ramsden Street, Barrow-in-Furness

6 Bedroom | 6 Bathroom | High Yield HMO Investment

Financial Breakdown

• Purchase Price: £130,000.00
• Deposit: £38,057.50 (includes 6 months interest for bridging loan)
• Conversion/Build: £86,104.88 approx. (subject to further onsite visits)
• Set up & Design Fees: £15,500.00
• Stamp Duty: £6,600.00
• Legals Estimate: £1,400.00
• Survey: £650.00
• Furniture & Flooring Packs: £13,200.00 (optional)
• Total Project Cost: £259,012.38 (includes 6 months interest for bridging loan)
• Total Cash Outlay: £161,512.38 (includes 6 months interest for bridging loan)
• Projected Rental Income: £36,660/year (£115PPPW x 3 + £120PPPW x 3 net of bills)
• Management Fees (10% incl. VAT): £5,335.20
• Net Income After Management: £31,324.80/year
• Post-Refinance Cash Left: £55,012.38
• ROI After Refinance: 36.54%
• Based on an estimated refinance valuation of £255,000, approx. £204,000 can be released after 6 months, leaving net income around £20,104.80/year.

Why Invest in Barrow-in-Furness?

• Strong Employment Hub: Dominated by BAE Systems with 8,500+ workers, plus other key employers like Kimberly-Clark and Robert McBride.
• High Demand for Shared Accommodation: Large shortfall of housing for contractors and workers.
• Industrial & Energy Growth: Offshore wind, Rampside gas terminal, Roosecote power station, and nuclear Dreadnought programme.
• Strategic Location: Close links to Ulverston and South Lakeland, part of the Furness peninsula travel-to-work area.
• Long-Term Growth Potential: Affordable housing, regeneration projects, and proximity to Sellafield & Furness College Advanced Manufacturing Facility.

Key Property Features

• An Inspire landlord thermostatic system will be installed to control central heating, potentially saving up to £1,000/year.
• The property will be fully refurbished to the highest standard and will include full furniture packs, including a washing machine, vacuum cleaner, and microwave.
• All rooms will be rented at market rates (ensuite) per person per week.
• The property will be fully regulated and compliant with local council requirements.
• Every room will have interlinked smoke alarms, emergency lighting, fire panels, and heat sensors installed.

Nearby Locations

Property Location

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* VAT and terms apply where applicable.

Disclaimer: All figures are estimates and subject to market conditions, lender criteria, and planning outcomes. Capital at risk. Past performance is not a guarantee of future results. Always seek independent financial advice before investing. We also refer you to our terms and conditions which supersede any previous versions.