Inherited £2M HMO, what would you do?

You are here : Member Forums General Discussion Inherited £2M HMO, what would you do?
L
Lucky7
6 Posts
0 Thanks

Just seeing what others would do, I recently inherited a licenced HMO in central London worth around £2M - £2.2 (agent valuation). The IHT valuation a few years back was roughly £800k resulting in an IHT bill of around £170k.
HMO: 5 rooms, roughly £4500pcm total rent. Fixed monthly costs for utilities, C tax, mortgage etc around £1400.

Selling will incur a huge CGT bill, that needs to be taken into account.
£160k mortgage left roughly.
My requirement is to have an income same or better than I'm getting currently.

What would you do? Keep hold of it as capital is going up, sell and re-invest, anything else?

I'm curious what the more experienced people on here would do.

16/07/2017 21:07

Want to read more?

This is a members only forum, if you want to read more you need to login to your membership, if you are not a member, click here to join.

Landlord & Investment Show
Martin Co
Six Hills House
Landlord Broadband

Share this page