GP Purchase Power Calculator for Partners to use - Supported Housing (HMO)
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CALCULATOR FOR GP PARTNER USE TO CHECK AFFORDABILITY BEFORE SUBMITTING PROPERTY POTENTIAL FORM
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Purchase Power Calculator based on Market Level Rent @ 100% occupancy
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Supported Housing for a House of Multiple Occupancy (HMO)
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Dear Partner, please complete orange cells only. If you change other cells you will break the calculator. There are three tabs at the bottom to choose from if one person is using one. This calculator is only a guide.
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Market Level Rent PER BEDROOM pcmNo of BedroomsPartner Contribution p.a.Annual IncomeLegal fees Property Upgrades1st mths rent% YieldPurchasing Power
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£ 2302£ 0£ 5,520£ 1,000£ 1,500£460.009.00£ 58,373
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Regarding cell A4 please find the MARKET LEVEL RENT FOR A BEDROOM in a shared house please see local rental websites for a room in a shared house. This is a good website to see - https://www.spareroom.co.uk/flatshare/
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UpgradesIf a lot of additional work such as putting in stud walls this cost can exceed £3,000.
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Partner ContributionThe partner may committ to gift money annually to GP indefinitetly, this will increase the purchase power
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1st Months Rentwe need to service the debt of giving you 1 month to occupy the property. The lease payments are due from 1 month after the property completion date.
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% Return9% is the level of return that covers GP's costs (which includes interest payments to our investors via our unsecured loan stock programme).
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