Overview
We are pleased to present this amazing opportunity. A fully converted 6-bedroom end terrace property in Chorley, which offers investors an instant income for either a 5-year or 10-year period with a local respected housing association.
The property includes 6 bedrooms spanning over two floors, 1 full bathroom, 1 shower room, and a downstairs toilet, downstairs is an open plan living/dining/kitchen space with a newly installed kitchen. Access to the property is available to the front and side of the property.
Please note this property is very nearly complete. It has undergone a full refurbishment to be converted to a fully compliant HMO property. The purchase would be on the condition that the HMO license would be in place before exchange of contracts.
INVESTMENT INFORMATION
- Address: 87 Brooke St, Chorley
- Asking price: £225,000
- HMO property investment opportunity. Rental agreements with local housing associations who are ready to take full tenancy for either 5-year or 10-year contracts.
- Tenancies will generate £28,080 net rental income per year (12.5% net yield return)
- Number of bedrooms: 6
- Number of bathrooms: 1 full bathroom, 1 shower room and 1 toilet.
- The property has been developed and designed to be compliant with local HMO regulations. Key to the appeal will be the opportunity for a pre-agreed tenancy with an established local housing association, which would deliver a net annual rental income of £28,080.00 to the new owner.
- Tenure: Freehold
Investment Type: HMO AND CO-LIVING
Est. Completion: AVAILABLE
- 6 Bedroom HMO compliant property
- End terrace
- 2 Bathrooms
- Open plan living/kitchen space
- £28,080 annual income
- 12.5% Net yield return
Amenities
Risk management & compliance, when approached strategically, have the potential
- 6 bedroom HMO
- End terrace
- Open plan living/kitchen space
- Asking price £225,000
- £28,080 annual income
- £2,340 net income monthly
- 12.5% Net yield return
- Chorley Preston location
- Greater Manchester
- Freehold