5 bedroom terraced house for sale

Pure Investor brings to the market this 5-bedroom HMO property for sale in Salford, Greater Manchester. The property has been fully converted to comply with HMO licensing and has a fully valid HMO license in place. All 5 rooms are currently tenanted by working professionals. The layout of the property consists of 1 double bedroom to the front of the property, living room and large kitchen/dining space to the back of the downstairs. To the first floor is a communal bathroom for bedrooms 2 and 3 with shower, sink and toilet. There is also a large double room to with a en-suite with shower, toilet and sink. The second floor has a double bedroom with en-suite including shower, sink and toilet. The property has been very well maintained throughout with most of the tenants confirming their happiness at renting in the property on our recent visit.

Investment Information

- Full address: 103 Seedley Park Road, Salford, Greater Manchester M6 5WU

- Asking price: £375,000.00

- Property type: Mid-terraced property

- Bedrooms: 5

- Bathrooms: 3

- HMO license in place and currently managed by HMO Lets

- Tenure: Freehold

o Total Income per month: £3,150.00pcm

o Total income per annum: £37,800.00

o Gross yield: 10.0%

o Outgoing costs per month: £428.00pcm

o Annual outgoing costs: £5,136.00

o Net yield: 8.7%

- Outgoing costs include

o Utilities: £240.00 per month (£2,880.00 per annum)

o Internet: £40.00 per month (£480.00 per annum)

o Council tax: £148.00 per month (£1,776.00 per annum)