ROI = 8% BMV = 10.04%
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Description
A SUBSTANTIAL SEVEN BEDROOM VICTORIAN MANSION TERRACE HMO, generating a yearly rental income of £40,040.00 resulting in a GROSS YIELD of 7.2%. The property is CENTRALLY LOCATED within FALLOWFIELD VILLAGE, wit easy access to Manchester city centre and the universities. Offered for sale with NO ONWARD CHAIN. 1858 sq ft. The property is tenanted from July 31st 2024 until June 30th 2025 achieving a rental income of £3,640 pcm. The accommodation consists of an entrance hallway with stairs rising to the first floor. The spacious living kitchen with an ample selection of modern units and perfect area for socialising, with a door leading out to the garden. There is also an additional reception room, double bedroom and bathroom. To the upper floors you will find six double bedrooms, all with ample room for stand-alone bedroom furniture. The property is served by two bathrooms. The property is approached via a hard landscaped frontage with steps leading up to the front door. To the rear is a village garden. Freehold Approx. 1885 Sq Ft Council Tax Band: D
Find out MoreProperty Details
- Property ID: 149855774
- Added On: 2024-07-05
- Deal Type: For Sale
- Property Price: £560,000
- Bedrooms: 7
- Bathrooms: 1.00
Amenities
- STUDENT PROPERTY AVAILABLE AUGUST 2024
- **£120.00 PER PERSON PER WEEK**
- Seven double bedrooms
- Large modern kitchen diner
- Separate lounge
- Great location
- Deposit 5 weeks rent
- EPC (E) 54
- NO ADMIN FEES!!
