5 bedroom terraced house for sale
Key information
Property description & features
- Tenure: Freehold
- HMO License In Place
- 5 Bedrooms (3 single, 2 double)
- Fully Occupied
- Popular Salford Location
- Annual Income £32,200
- Working Professional Tenants
Pure Investor brings to the market this 5-bed HMO for sale in Salford. Salford has a population of just under 300,000 people with approximately 2.8 million people living in the wider Greater Manchester Area and is home to several industries such as BBC, ITV, Manchester United Football Club, Salford Royal Hospital & the University of Salford. Nearby is Trafford Park, one of Europe's largest industrial estates and the Trafford Centre shopping centre providing 35,000 jobs which will rise due to the expansion of the site. The BBC is based in Salford Quays, Media City and provides around 3,000 jobs with a further 250 other business also being based here.
Salford has fantastic road connections such as the A6, A580, M602 & M60 allowing easy access to anywhere in both Greater Manchester & and the north-west of England. Salford has several trains and Metrolink stations such as Salford Central, Salford Crescent, Eccles & Salford Quays allowing easy access to commuters.
Investment Information
- Full Address: 26 Cedric Street, Salford M5 5JY
- Number Of Bedrooms: 5
- Rentals Information: Currently generating £2,600pcm ( £31,200 per annum)
o Single Room: £500pcm
o Single Room: £500pcm
o Single Room: £500pcm
o Double Room: £550pcm
o Double Room: £550pcm
- HMO planning permission approved for the property. This was issued on the 24/11/2023
- Expenses:
o Gas (fixed): £40pcm
o Electricity (fixed): £40pcm
o Water (fixed): £33.05pcm
o TV License: £13.25pcm
o Internet (fast speed): £39.81pcm
o Council Tax: £148pcm
o Insurance appliances: £23.74pcm
- Total: £337.85pcm (£4,054.20 per annum)
- All the contracts have a fair usage clause. Any excess of usage above £8 per fuel per person is chargeable.
- The water is charged on a fixed meter.
- Net Income: £27,145.80
- Gross Yield: 9.0%
- Net Yield: 7.8%
- Tenure: Freehold
- Tenant Information: Majority of the tenants are working professionals. Occasionally a mature postgraduate student may be in place.
- Pure Investor have a local HMO letting agent to provide a quotation for managing the property.
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Property reference 25cedric. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Pure Investor - Pure investor.
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Broadband availability and predicted speed: obtained from Ofcom on January 20, 2022
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
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Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
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Mobile phone signal availability and predicted strength: obtained from Ofcom on January 20, 2022
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area: obtained on November 20, 2014 from The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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