Fully Let 6 Bed Student HMO

Littleton Road Salford M6

REF 713

  • INVESTMENT

    £300,000

  • GROSS YIELD

    12.98%

  • ANNUAL RENT

    £38,952

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  • INVESTMENT

    £300,000

  • GROSS YIELD

    12.98%

  • ANNUAL RENT

    £38,952

  • REF

    713

DESCRIPTION

*Let agreed for 2021/2022 academic year*

A spacious six-bedroom home modernly designed with three lovely bathrooms and an appealing location.

Just a small commute to Peel Park Campus. Aldi, Tesco and Salford shopping centre are also located nearby.

The bedrooms each come with a TV, desk, wardrobe and drawer storage included as standard. The landlord provides the best spaces possible for students to relax, study or engage with friends.

The lounge has seating for 6, a large TV and dining table so you can be social and sneak off to your own space for a touch to relax and get those assignments nailed.

The fully functional kitchen will leave you wanting for nothing. We equip our kitchens with a large American fridge-freezer, dishwasher, washing machine, tumble dryer and all the other essentials like a toaster, kettle & microwave.

The backyard garden is decked, so don’t expect a 90 minute football game, but do look forward to a cheeky BBQ on the weekend. There’s three quality bathrooms, CCTV feeds of the exterior and a burglar alarm fitted for extra security.

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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 £300,000
  • Gross Annual Rent £38,952
  • Gross Monthly Rent £3,246
  • Gross Yield 12.98%
  • Net Monthly Rent £2,746
  • Net Yield 10.98%
  • Min 25% Deposit Requirement £75,000
  • Monthly Mortgage Payment* £469
  • Monthly Cashflow £2,277

*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 £300,000.

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Property

  • Property Type House
  • Double Glazing Full
  • Sub Type Mid-Terrace
  • Garage None
  • Tenure Freehold
  • Garden Rear
  • Construction Brick & Tile
  • Parking On-Road
  • Condition Excellent
  • No Parking Spaces
  • Heating Gas Central Heating
  • EPC Rating 62D
  • Size 1033 ft²
  • Listed Building No
  • Kitchens 1
  • Double 6
  • Reception Rooms 1
  • Shared Bathrooms 3
  • Property Type House
  • Double Glazing Full
  • Sub Type Mid-Terrace
  • Garage None
  • Tenure Freehold
  • Garden Rear
  • Construction Brick & Tile
  • Parking On-Road
  • Condition Excellent
  • No Parking Spaces
  • Heating Gas Central Heating
  • EPC Rating 62D
  • Size 1033 ft²
  • Listed Building No
  • Kitchens 1
  • Double 6
  • Reception Rooms 1
  • Shared Bathrooms 3
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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
  • 100
  • Occupancy
  • Fully Let
  • Tenancy Type
  • Joint Tenancy
  • No. of Tenants
  • 6
  • Tenant Type
  • Student
  • Occupancy
  • Fully Let
  • 12 Month Occupancy
  • 100
  • Tenancy Type
  • Joint Tenancy
  • No. of Tenants
  • 6
  • 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
  • Unit 6
  • £541
  • Let
  • Double Room
  • Total £3246
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Costs

  • Gas £100
  • Water £36
  • Wifi £54
  • Electric £100
  • Cleaner £60
  • TV Licence £13
  • Insurance £37
  • Council Tax £100
  • Gas £100
  • Water £36
  • Wifi £54
  • Electric £100
  • Cleaner £60
  • TV Licence £13
  • Insurance £37
  • Council Tax £100
  • Total £500
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LICENSING

  • HMO License Required Yes
  • HMO License Expiry 2024-07-15
  • HMO License in Place Yes
  • No of Persons 6
  • HMO Licensing Cost £1000
  • Units of Accomodation 6
  • Licensing Authority Salford City Council
  • HMO License Required Yes
  • HMO License Expiry 2024-07-15
  • HMO License in Place Yes
  • No of Persons 6
  • HMO Licensing Cost £1000
  • Units of Accomodation 6
  • Licensing Authority Salford City Council
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Management

  • Type Local Agent
  • Management Rate 12%
  • Monthly Management £390

Fully managed by the best local agent, focused on student & coliving properties.

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FLOOR PLAN

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LOCATION

Littleton Road, Salford, M6 6ED, United Kingdom

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BROCHURE

Download the investment 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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