8 Bed HMO In Manchester

Location: Manchester

Price: £475,000

Discount: Included

This property consists of 8 x studio rooms. Each studio comes with a mini kitchen area, personal living space and shower room.

The property is still classed as a HMO and holds a licence until 2023. One of the most appealing factors about this deal is the location. The property is in the Middleton area of Manchester, 5 miles north of the city centre.

Tenants have easy access into the city and the wide Greater Manchester area. An income of £3,790 pcm is being generated between the 8 rooms.

We project a NET income of £1,790 pcm would be available after mortgage, management fees and bills. A letting / managing agent is in place. You’re able to retain their services if you are looking for a hands off investment.

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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.

Sherwood Estate Agency Ltd uses all reasonable efforts to ensure that the property information published on the website and in the investment packs and elsewhere are accurate, current and complete at the date of publication; no warranties or representations are made or implied as to the accuracy of such information.