Super 5 Bed Professional HMO

Cecil Street, Walkden, M28

REF 651

  • INVESTMENT

    £130,000

  • GROSS YIELD

    14.57%

  • ANNUAL RENT

    £18,936

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Sold

  • INVESTMENT

    £130,000

  • GROSS YIELD

    14.57%

  • ANNUAL RENT

    £18,936

  • REF

    651

SOLD DETAILS

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 £130,000
  • Gross Annual Rent £18,936
  • Gross Monthly Rent £1,578
  • Gross Yield 14.57%
  • Net Monthly Rent £1,122
  • Net Yield 10.36%
  • Min 25% Deposit Requirement £32,500
  • Monthly Mortgage Payment* £203
  • Monthly Cashflow £919

*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 £130,000.

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Property

  • Property Type House
  • Double Glazing Full
  • Sub Type Mid-Terrace
  • Garage None
  • Tenure Leasehold
  • Garden Rear
  • Construction Brick & Tile
  • Parking None
  • Condition Good
  • No Parking Spaces
  • Heating Gas Central Heating
  • EPC Rating 69C
  • Size
  • Listed Building No
  • Kitchens 1
  • Double 5
  • Shared Bathrooms 2
  • Property Type House
  • Double Glazing Full
  • Sub Type Mid-Terrace
  • Garage None
  • Tenure Leasehold
  • Garden Rear
  • Construction Brick & Tile
  • Parking None
  • Condition Good
  • No Parking Spaces
  • Heating Gas Central Heating
  • EPC Rating 69C
  • Size
  • Listed Building No
  • Kitchens 1
  • Double 5
  • Shared Bathrooms 2
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Photos

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VIRTUAL TOUR

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VIRTUAL TOUR NOT AVAILABLE

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VIRTUAL TOUR NOT AVAILABLE
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Rental

  • Tenant Type
  • Professional
  • 12 Month Occupancy
  • Occupancy
  • Part Let
  • Tenancy Type
  • No. of Tenants
  • 5
  • Tenant Type
  • Professional
  • Occupancy
  • Part Let
  • 12 Month Occupancy
  • Tenancy Type
  • No. of Tenants
  • 5
  • Unit 1
  • £324
  • Let
  • Double Room
  • Unit 2
  • £303
  • Let
  • Double Room
  • Unit 3
  • £303
  • Let
  • Double Room
  • Unit 4
  • £324
  • Vacant
  • Double Room
  • Unit 5
  • £324
  • Vacant
  • Double Room
  • Total £1578
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Costs

  • Gas £60
  • Water £24
  • Wifi £54
  • Electric £60
  • Cleaner £100
  • TV Licence £13
  • Insurance £25
  • Council Tax £120
  • Gas £60
  • Water £24
  • Wifi £54
  • Electric £60
  • Cleaner £100
  • TV Licence £13
  • Insurance £25
  • Council Tax £120
  • Total £456
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LICENSING

  • HMO License Required Yes
  • HMO License Expiry 2024-12-01
  • HMO License in Place Yes
  • No of Persons 5
  • Units of Accomodation 5
  • HMO License Required Yes
  • HMO License Expiry 2024-12-01
  • HMO License in Place Yes
  • No of Persons 5
  • Units of Accomodation 5
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Management

  • Type Local Agent
  • Management Rate 12%
  • Monthly Management £189

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FLOOR PLAN

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LOCATION

Cecil Street, Worsley, Manchester, M28 3LE, 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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SOLD DETAILS