6d (edited) • Deal Analysis Help
Advice needed 🙂
I was offered this property — 8 beds, 2 single rooms, 6 doubles, 2 bathrooms, kitchen, licensed. Close to Nottingham Uni. Landlord wants £4,000 guaranteed rent and hands it over as is.
In its current state it would achieve £110–£125pw per room maximum.
I ran the numbers against the 1.5 rule and 6 month rule and the maximum rent I can offer is £2,700/month.
Am I being too picky, are my calculations wrong, or does this deal simply not add up?
Any comments or advice appreciated.
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Advice needed 🙂
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