Overview

Investment Information

• Full Address: 11 Rostherne Street, Salford M6 5GU
• Asking Price: £280,000
• Number Of Bedrooms: 4
• Rentals Information: Currently generating £2,100pcm ( £25,200 per annum)
• Single Room: £500pcm
• Single Room: £500pcm
• Double Room: £550pcm
• Double Room: £550pcm
• HMO planning permission approved for the property. This was issued on the 24/11/2023
• Expenses:
• Gas (fixed): £32pcm
• Electricity (fixed): £32pcm
• Water (fixed): £30.76pcm
• TV License: £13.25pcm
• Internet (fast speed): £39.81pcm
• Council Tax: £111pcm
• Insurance appliances: £23.74pcm
• Total: £282.56pcm (£3,390.72 per annum)
• All the contracts have a fair usage clause. Any excess of usage above £8 per fuel per person is chargeable.
• The water is charged on a fixed meter.
• All Tenants self-clean the communal areas.
• Net Income: £21,809.28
• Gross Yield: 9.0%
• Net Yield: 7.8%
• Tenure: Freeh
• Tenant Information: Majority of the tenants are working professionals. Occasionally a mature postgraduate student may be in place.

Price range:

4 Bedroom HMO £280,000

Reservation:

£2,000 reservation fee (takes the unit off the market)

Broker Fee 6%

Exchange though solicitor 

Completed project 

Mortgage or cash