8 Bed HMO Generating £52k p.a
Location: Greater Manchester
Prime Property Agents are pleased to release this luxury 8 bedroom HMO opportunity to those who are seeking a property which will generate a massive £4,400 income on a monthly basis. Each of the 8 bedrooms are finished to an excellent standard and each features an en-suite bathroom.
The property has recently undergone an extensive renovation, with the developer taking it back to brick before completely redesigning the interior and also adding a new roof. The result is spectacular and there is no doubt that this property will be a massive hit on the local rental market.
Royal Oldham Hospital, which is currently undergoing a £28m expansion, is within 0.2 miles of the property and NHS workers are the target tenants. The property is currently tenanted with working professionals (including trainee doctors) at an average of £550 pcm per room.
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Please Note: Property values can decrease as well as increase. No express or implied income claims are made herein. Historic performance should not be taken as a guarantee of future performance. Leveraged property investment with mortgage finance can increase the risk of losing money as well as increasing the possible gains.
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