Reserve

4 Bedroom HMO RESERVED

AVAILABLE
11 Rostherne Street Salford M6 5GU
Starting £280,000

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

Amenities

Risk management & compliance, when approached strategically, have the potential

  • 4 bedroom HMO
  • £280,000 asking price
  • £2,000 reservation fee
  • Balance cash or mortgage
  • £25,200 annual rent
  • £2,100 monthly rent
  • Gross Yield: 9.0%

Video Tour

Location

Schedule Meeting
Your Name
Date
Your Email
Your Phone*