7 bedroom house of multiple occupation for sale
Key information
Property description & features
- Tenure: Freehold
- 7 Bedroom HMO Property With 7 Ensuites
- Fully Tenanted
- Fantastic Location
- Finished To A High Standard
- Working Professional Tenants
- Freehold Property
One of the main benefits of this property is where it is located in Denton. It is within walking distance of Denton town centre, which is home to Crown Point retail park, which is one of the most popular retail parks of East Manchester. Tameside Wellness centre is also a short walk away which was recently developed and offers locals swimming, sauna, gym, bowling, soft play, communal spaces and educational spaces. The M60 ring road around Manchester is a 3-5-minute drive depending on traffic. Manchester city centre is reachable either by driving which would take around 15 - 30 minutes depending on traffic, or a bus from Denton town centre which will take you directly to Manchester Piccadilly.
If you would like to arrange a viewing, please reply to this email with your proof of funds, i.e. bank statement showing cash or a copy of mortgage in principle. On receipt I can arrange a viewing for you.
INVESTMENT INFORMATION
Asking price: £450,000.00
Current rental income: £4,225.00pcm (£50,700 per annum)
Current tenants' rates.
Room 1 £650.00
Room 2 £600.00
Room 3 £525.00
Room 4 £650.00
Room 5 £550.00
Room 6 £600.00
Room 7 £650.00
Overall cost of outgoing: £4,400pcm
Council tax £150.00pcm (£1,800 per annum)
Utilities £220.00pcm (£2,640 per annum)
Net income on property £46,300 per annum
Gross yield: 11.2%
Net yield (not including management costs): 10.3%
Tenure: Freehold
HMO license in place and planning for 7 beds is in place
Places of interest
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Broadband availability and predicted speed: obtained from Ofcom on December 16, 2021
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
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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 March 12, 2019 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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