Super 8 Studio Professional HMO

Mellalieu Street, Middleton, Manchester M24

REF 1286

  • INVESTMENT

    £475,000

  • GROSS YIELD

    9.57%

  • ANNUAL RENT

    £45,480

Super 8 Studio Professional HMO For Sale
Sold STC
  • INVESTMENT

    £475,000

  • GROSS YIELD

    9.57%

  • ANNUAL RENT

    £45,480

  • REF

    1286

DESCRIPTION

Well located fully let professional HMO

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Features

  • Fully Tenanted
  • Fully Refurbished
  • Great Location
  • Strong Rental Demand
  • Capital Growth Potential
  • Good Transport Links
  • Fully Managed
  • Wireless Broadband
  • HMO Compliant Fire Alarm
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FINANCIALS

  • Investment £475,000
  • Gross Annual Rent £45,480
  • Gross Monthly Rent £3,790
  • Gross Yield 9.57%
  • Net Monthly Rent £3,265
  • Net Yield 8.25%
  • Min 25% Deposit Requirement £118,750
  • Monthly Mortgage Payment* £742
  • Monthly Cashflow £2,523

*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 £475,000.

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Property

  • Property Type House
  • Double Glazing Full
  • Sub Type Mid-Terrace
  • Garage None
  • Tenure Leasehold
  • Garden None
  • Construction Brick & Tile
  • Parking On-Road
  • Condition Good
  • No Parking Spaces
  • Heating Electric
  • EPC Rating 54E
  • Size 1765 ft²
  • Listed Building No
  • Kitchens 1
  • Ensuite Bathrooms 8
  • Studio 8
  • Property Type House
  • Double Glazing Full
  • Sub Type Mid-Terrace
  • Garage None
  • Tenure Leasehold
  • Garden None
  • Construction Brick & Tile
  • Parking On-Road
  • Condition Good
  • No Parking Spaces
  • Heating Electric
  • EPC Rating 54E
  • Size 1765 ft²
  • Listed Building No
  • Kitchens 1
  • Kitchenettes 8
  • Ensuite Bathrooms 8
  • Studio 8
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Photos

Super 8 Studio Professional HMO For Sale
Super 8 Studio Professional HMO For Sale
Super 8 Studio Professional HMO For Sale
Super 8 Studio Professional HMO For Sale
Super 8 Studio Professional HMO For Sale
Super 8 Studio Professional HMO For Sale
Super 8 Studio Professional HMO For Sale
Super 8 Studio Professional HMO For Sale
Super 8 Studio Professional HMO For Sale
Super 8 Studio Professional HMO For Sale
Super 8 Studio Professional HMO For Sale
Super 8 Studio Professional HMO For Sale
Super 8 Studio Professional HMO For Sale
Super 8 Studio Professional HMO For Sale
Super 8 Studio Professional HMO For Sale
Super 8 Studio Professional HMO For Sale
Super 8 Studio Professional HMO For Sale
Super 8 Studio Professional HMO For Sale
Super 8 Studio Professional HMO For Sale
Super 8 Studio Professional HMO For Sale
Super 8 Studio Professional HMO For Sale
Super 8 Studio Professional HMO For Sale
Super 8 Studio Professional HMO For Sale
Super 8 Studio Professional HMO For Sale
Super 8 Studio Professional HMO For Sale
Super 8 Studio Professional HMO For Sale
Super 8 Studio Professional HMO For Sale
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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
  • Professional
  • 12 Month Occupancy
  • 100
  • Occupancy
  • Fully Let
  • Tenancy Type
  • Multi Tenancy
  • No. of Tenants
  • 8
  • Tenant Type
  • Professional
  • Occupancy
  • Fully Let
  • 12 Month Occupancy
  • 100
  • Tenancy Type
  • Multi Tenancy
  • No. of Tenants
  • 8
  • Unit 1
  • £495
  • Let
  • Studio
  • Unit 2
  • £400
  • Let
  • Studio
  • Unit 3
  • £450
  • Vacant
  • Studio
  • Unit 4
  • £495
  • Let
  • Studio
  • Unit 5
  • £450
  • Let
  • Studio
  • Unit 6
  • £495
  • Let
  • Studio
  • Unit 7
  • £525
  • Let
  • Studio
  • Unit 8
  • £480
  • Let
  • Studio
  • Total £3790
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Costs

  • Gas
  • Water £15
  • Wifi £50
  • Electric £100
  • Cleaner £100
  • TV Licence
  • Insurance £60
  • Council Tax £200
  • Gas
  • Water £15
  • Wifi £50
  • Electric £100
  • Cleaner £100
  • TV Licence
  • Insurance £60
  • Council Tax £200
  • Total £525
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LICENSING

  • HMO License Required Yes
  • HMO License Expiry 2023-04-17
  • HMO License in Place Yes
  • No of Persons 8
  • HMO Licensing Cost £1000
  • Units of Accomodation 8
  • Licensing Authority Rochdale Metropolitan Borough Council
  • Planning Use Class Sui Generis
  • HMO License Required Yes
  • HMO License Expiry 2023-04-17
  • HMO License in Place Yes
  • No of Persons 8
  • HMO Licensing Cost £1000
  • Units of Accomodation 8
  • Licensing Authority Rochdale Metropolitan Borough Council
  • Planning Use Class Sui Generis
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Management

  • Type Local Agent
  • Management Rate 10%
  • Monthly Management £379

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FLOOR PLAN

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LOCATION

Mellalieu Street, Middleton, Manchester, M24 5DN, United Kingdom

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BROCHURE

Download the investment brochure
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This property is now sold, subject to contract. Incase anything changes make sure you leave your details.
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