4 bedroom house of multiple occupation for sale
Key information
Property description & features
- Tenure: Freehold
- Generates £28,200 per annum
- 4 self contained apartments under one freehold
- Popular Manchester location
- 8.0% NET rental yield per annum
Pure Investor brings to the market this mid terraced property which has been converted into 4 self-contained flats with their own postal address. Each apartment pays their own bills including council tax. Each apartment comes with a kitchen, bathroom & living room. The communal areas consist of entrance hallway and stairs. To the rear is a small yard and a brick outside storage area. Property comes with a full HMO licence and is currently managed by a local letting agent.
INVESTMENT INFORMATION
- Asking price: £350,000.00
- Current rental incomes:
- £500pcm
- £550pcm
- £650pcm
- £650pcm
- Overall rental income of £2,350 pm (£28,200 per annum)
- 4 separate self-contained apartments
- Freehold property
- 8.0% net rental income
- Fantastic location for an HMO/buy-to-let investment
- HMO licence in place
- Possible need for refurbishment in some of the apartments but only minimal.
- Some of the tenants have been in situ long term and some more recent.
Places of interest
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Property reference PURMANDIC106. 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
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Energy Performance data and Internal floor area
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