Superb 5 Bed Professional HMO

Littleton Road Salford

REF 712

  • INVESTMENT

    £250,000

  • GROSS YIELD

    12.98%

  • ANNUAL RENT

    £32,460

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Coming Soon
  • INVESTMENT

    £250,000

  • GROSS YIELD

    12.98%

  • ANNUAL RENT

    £32,460

  • REF

    712

DESCRIPTION

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Features

  • Fully Tenanted
  • Great Location
  • Strong Rental Demand
  • Capital Growth Potential
  • Good Transport Links
  • Wireless Broadband
  • Shared Kitchen Dining Area
  • HMO Compliant Fire Alarm
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FINANCIALS

  • Investment £250,000
  • Gross Annual Rent £32,460
  • Gross Monthly Rent £2,705
  • Gross Yield 12.98%
  • Net Monthly Rent £2,208
  • Net Yield 10.6%
  • Min 25% Deposit Requirement £62,500
  • Monthly Mortgage Payment* £391
  • Monthly Cashflow £1,817

*Based on 75% LTV 2.5% APR. Note. Always speak to a qualified HMO mortgage broker for an accurate quote. These rates are an example of the potential % APR rates only. Visit theHMOmortgagebroker.co.uk to find out the latest HMO mortgage rates.

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Fees

  • Buyers Fee £0

The fee charged to the buyer in addition to the purchase price.

  • Reservation Deposit --

The deposit amount to secure the HMO opportunity. This is fully refundable in accordance with the terms & conditions (see FAQs) and is deducted from the purchasre price upon completion. In the case of this property, the reservation deposit is -- then the balance due on completion is £250,000.

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Property

  • Property Type House
  • Double Glazing
  • Sub Type Mid-Terrace
  • Garage
  • Tenure Freehold
  • Garden Rear
  • Construction
  • Parking
  • Condition
  • No Parking Spaces
  • Heating
  • EPC Rating 75C
  • Size 1248 ft²
  • Listed Building
  • Kitchens 1
  • Double 6
  • Reception Rooms 1
  • Shared Bathrooms 4
  • Property Type House
  • Double Glazing
  • Sub Type Mid-Terrace
  • Garage
  • Tenure Freehold
  • Garden Rear
  • Construction
  • Parking
  • Condition
  • No Parking Spaces
  • Heating
  • EPC Rating 75C
  • Size 1248 ft²
  • Listed Building
  • Kitchens 1
  • Double 6
  • Reception Rooms 1
  • Shared Bathrooms 4
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Photos

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VIRTUAL TOUR

Use the most immersive way to experience a property online. Take a virtual tour.

Use the most immersive way to experience a property online. Take a virtual tour.

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Rental

  • Tenant Type
  • Student
  • 12 Month Occupancy
  • Occupancy
  • Fully Let
  • Tenancy Type
  • No. of Tenants
  • 5
  • Tenant Type
  • Student
  • Occupancy
  • Fully Let
  • 12 Month Occupancy
  • Tenancy Type
  • No. of Tenants
  • 5
  • Unit 1
  • £541
  • Let
  • Double Room
  • Unit 2
  • £541
  • Let
  • Double Room
  • Unit 3
  • £541
  • Let
  • Double Room
  • Unit 4
  • £541
  • Let
  • Double Room
  • Unit 5
  • £541
  • Let
  • Double Room
  • Total £2705
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Costs

  • Gas £100
  • Water £30
  • Wifi £54
  • Electric £100
  • Cleaner £60
  • TV Licence £13
  • Insurance £40
  • Council Tax £100
  • Gas £100
  • Water £30
  • Wifi £54
  • Electric £100
  • Cleaner £60
  • TV Licence £13
  • Insurance £40
  • Council Tax £100
  • Total £497
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LICENSING

  • HMO License Required Yes
  • HMO License Expiry 2024-12-19
  • HMO License in Place Yes
  • No of Persons 5
  • Units of Accomodation 5
  • Licensing Authority Salford City Council
  • HMO License Required Yes
  • HMO License Expiry 2024-12-19
  • HMO License in Place Yes
  • No of Persons 5
  • Units of Accomodation 5
  • Licensing Authority Salford City Council
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Management

  • Type Local Agent
  • Management Rate 12%
  • Monthly Management £325

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FLOOR PLAN

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LOCATION

Littleton Road, Salford, M6 6ED, United Kingdom

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BROCHURE

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Coming Soon. We are currently in the process of on boarding this HMO opportunity. See Ts & Cs.
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