- A Beautifully Refurbished Victorian Home +
- Two Reception Rooms +
- Stylish Extended Kitchen +
- Three Bath/Shower Rooms +
- Four Excellent Sized Bedrooms +
- Cellar Chamber +
- Landscaped Rear Garden +
- Walking Distance of Navigation & Timperley Metrolink +
- Available Now - No Onward Chain +
- Freehold. Tax Band B. EPC D. +
£40,000 per year in rental income for just £345,000 !
Can you find an HMO (House of Multiple Occupation) that could generate up to £40,000 per annum in rental income for a purchase price of £345,000?
That’s a gross yield of 11.6%….. we think we may have found one for you.
Subject to carrying out a conversion to become a compliant HMO and obtaining a license from Trafford we think this house is an ideal candidate.
Obviously there will be licensing, conversion and other costs so your yield won’t be 11.5% but we think it will beat most other HMO or buy to let yields by a significant margin.
Our calculations are based on 6 letting rooms achieving £130 per week per room.
There are currently 5 rooms we feel are letting rooms but a 6th could be created in the lower ground floor basement room.
£215 per square foot for a 3 story mid terrace house in Altrincham seems pretty good value, why so cheap?
Because it’s located on the very busy A56 Manchester Road. Most owner occupiers would prefer not to have a four bed family house in that location. So we e priced it to appeal to investors.
Also there is NO off road parking and on street parking is a one minute walk away.
However we believe there is a huge demand from individuals looking for room rent and house share. Especially within walking distance of Altrincham town centre and the Metrolink station at Navigation Road.
Located on the west side of Manchester Road with a garden close to the Altrincham retail park.
This house is priced to sell.