Super 15 Bed All Ensuite Pro HMO

Parrin Lane, Monton M30

REF 4129

  • INVESTMENT

    £1,100,000

  • GROSS YIELD

    11.05%

  • ANNUAL RENT

    £121,500

Super 15 Bed All Ensuite Pro HMO For Sale
Sold
  • INVESTMENT

    £1,100,000

  • GROSS YIELD

    11.05%

  • ANNUAL RENT

    £121,500

  • REF

    4129

DESCRIPTION

Here we present a newly refurbished (approx 1 month until completion) 15 bed all ensuite Professional HMO. Can be sold vacant or fully tenanted, with local management in place.

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Features

  • Fully Tenanted
  • Fully Refurbished
  • Great Location
  • Strong Rental Demand
  • Capital Growth Potential
  • Good Transport Links
  • Fully Managed
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FINANCIALS

  • Investment £1,100,000
  • Gross Annual Rent £121,500
  • Gross Monthly Rent £10,125
  • Gross Yield 11.05%
  • Net Monthly Rent £8,140
  • Net Yield 8.88%
  • Min 25% Deposit Requirement £275,000
  • Monthly Mortgage Payment* £3,438
  • Monthly Cashflow £4,703

*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 £1,100,000.

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Property

  • Property Type Freehold Block
  • Double Glazing Full
  • Sub Type Other
  • Garage None
  • Tenure Freehold
  • Garden Front
  • Construction Brick & Tile
  • Parking Off-Road
  • Condition Excellent
  • No Parking Spaces 8
  • Heating Electric
  • EPC Rating 75C
  • Size 3896 ft²
  • Listed Building No
  • Kitchens 3
  • Double Ensuite 15
  • Ensuite Bathrooms 15
  • 1 Bed Flat 8
  • Property Type Freehold Block
  • Double Glazing Full
  • Sub Type Other
  • Garage None
  • Tenure Freehold
  • Garden Front
  • Construction Brick & Tile
  • Parking Off-Road
  • Condition Excellent
  • No Parking Spaces 8
  • Heating Electric
  • EPC Rating 75C
  • Size 3896 ft²
  • Listed Building No
  • Kitchens 3
  • Kitchenettes 15
  • Double Ensuite 15
  • Ensuite Bathrooms 15
  • 1 Bed Flat 8
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Photos

Super 15 Bed All Ensuite Pro HMO For Sale
Super 15 Bed All Ensuite Pro HMO For Sale
Super 15 Bed All Ensuite Pro HMO For Sale
Super 15 Bed All Ensuite Pro HMO For Sale
Super 15 Bed All Ensuite Pro HMO For Sale
Super 15 Bed All Ensuite Pro HMO For Sale
Super 15 Bed All Ensuite Pro HMO For Sale
Super 15 Bed All Ensuite Pro HMO For Sale
Super 15 Bed All Ensuite Pro HMO For Sale
Super 15 Bed All Ensuite Pro HMO For Sale
Super 15 Bed All Ensuite Pro HMO For Sale
Super 15 Bed All Ensuite Pro HMO For Sale
Super 15 Bed All Ensuite Pro HMO For Sale
Super 15 Bed All Ensuite Pro HMO For Sale
Super 15 Bed All Ensuite Pro HMO For Sale
Super 15 Bed All Ensuite Pro HMO For Sale
Super 15 Bed All Ensuite Pro HMO For Sale
Super 15 Bed All Ensuite Pro HMO For Sale
Super 15 Bed All Ensuite Pro HMO For Sale
Super 15 Bed All Ensuite Pro HMO For Sale
Super 15 Bed All Ensuite Pro HMO For Sale
Super 15 Bed All Ensuite Pro HMO For Sale
Super 15 Bed All Ensuite Pro HMO For Sale
Super 15 Bed All Ensuite Pro HMO For Sale
Super 15 Bed All Ensuite Pro HMO For Sale
Super 15 Bed All Ensuite Pro HMO For Sale
Super 15 Bed All Ensuite Pro HMO For Sale
Super 15 Bed All Ensuite Pro HMO For Sale
Super 15 Bed All Ensuite Pro HMO For Sale
Super 15 Bed All Ensuite Pro HMO For Sale
Super 15 Bed All Ensuite Pro HMO For Sale
Super 15 Bed All Ensuite Pro HMO For Sale
Super 15 Bed All Ensuite Pro 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
  • Occupancy
  • Vacant
  • Tenancy Type
  • Multi Tenancy (AST)
  • No. of Tenants
  • 15
  • Tenant Type
  • Professional
  • Occupancy
  • Vacant
  • 12 Month Occupancy
  • Tenancy Type
  • Multi Tenancy (AST)
  • No. of Tenants
  • 15
  • Unit 1
  • £675
  • Vacant
  • Double Room / Ensuite
  • Unit 2
  • £675
  • Vacant
  • Double Room / Ensuite
  • Unit 3
  • £675
  • Vacant
  • Double Room / Ensuite
  • Unit 4
  • £675
  • Vacant
  • Double Room / Ensuite
  • Unit 5
  • £675
  • Vacant
  • Double Room / Ensuite
  • Unit 6
  • £675
  • Vacant
  • Double Room / Ensuite
  • Unit 7
  • £675
  • Vacant
  • Double Room / Ensuite
  • Unit 8
  • £675
  • Vacant
  • Double Room / Ensuite
  • Unit 9
  • £675
  • Vacant
  • Double Room / Ensuite
  • Unit 10
  • £675
  • Vacant
  • Double Room / Ensuite
  • Unit 11
  • £675
  • Vacant
  • Double Room / Ensuite
  • Unit 12
  • £675
  • Vacant
  • Double Room / Ensuite
  • Unit 13
  • £675
  • Vacant
  • Double Room / Ensuite
  • Unit 14
  • £675
  • Vacant
  • Double Room / Ensuite
  • Unit 15
  • £675
  • Vacant
  • Double Room / Ensuite
  • Total £10125
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Costs

  • Gas £450
  • Water £200
  • Wifi £150
  • Electric £450
  • Cleaner £100
  • TV Licence £45
  • Insurance £220
  • Council Tax £370
  • Gas £450
  • Water £200
  • Wifi £150
  • Electric £450
  • Cleaner £100
  • TV Licence £45
  • Insurance £220
  • Council Tax £370
  • Total £1,985
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LICENSING

  • HMO License Required Yes
  • HMO License in Place Pending
  • No of Persons 15
  • Units of Accomodation 15
  • Licensing Authority Salford
  • Planning Use Class Sui Generis
  • HMO License Required Yes
  • HMO License in Place Pending
  • No of Persons 15
  • Units of Accomodation 15
  • Licensing Authority Salford
  • Planning Use Class Sui Generis
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Management

  • Type Local Agent
  • Management Rate 11%
  • Monthly Management £1,114

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FLOOR PLAN

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LOCATION

Parrin Lane, Eccles, Manchester, M30 8BD, United Kingdom

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BROCHURE

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This property is now Sold. For more like it you can leave your details and we will be in touch to discuss.
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