- 5 Bed HMO Property +
- Currently Vacant +
- Finished To a High Standard +
- Popular Rental Location +
- Estimated Gross Yield Of 12.45% +
- Potential Annual Income Of £33,000 +
Pure Investor are delighted to bring to the market this new 5 bed HMO property for sale in Ashton-Under-Lyne, Greater Manchester. The property has undergone complete refurbishment to the inside and out and is ready to place tenants in straight away. Outside the property has been rendered adding a modern feel. Inside has been carpeted in each bedroom and new flooring installed in the communal living spaces and bathroom. The communal living/kitchen space offers tenant plenty of space to cook and relax. The kitchen has been newly installed and includes integrated cooker, hob, extractor, and sink/basin. To the rear is a communal toilet, and a garden room. Outside is a flagged rear garden. The communal bathroom consists of shower, sink and toilet with half tiled walls.
The property is located on Oldham Road, which is a 15-minute walk, 5-minute drive and an 8-minute bus drive to Ashton-Under-Lyne. Ashton-Under-Lyne benefits from having a train, tram, and bus station which all take you directly into Manchester city centre. Ashton-Under-Lyne also benefits from having a number of attractions such as Ashton Moss where Cineworld, Hollywood Bowl, Nando's, Bella Italia, Five Guys, Wagamama's, Harvester and Frankie & Benny's. There is also a Tameside cycling circuit, athletics track, football stadium and swimming pool.
INVESTMENT INFORMATION
Full address: 345 Oldham Road, Ashton-Under-Lyne, Greater Manchester OL7 9NE
Asking price: £255,000.00 - £265,000.00
Tenure: Freehold
Potential Rental Income: £500pcm - £550pcm per room (these are the figures quoted from a local agency)
Potential Annual Rental Income: £30,000.00 - £33,000.00
Management Fees Based On 10%: £3,000.00 - £3,300.00
Bills: Average of £4,000.00 per annum
Overall Outgoings: £7,000.00 - £7,300.00
Gross Yields: 11.3% - 12.45%
Net Yield: 8.7% - 9.8%
Bedrooms: 5
Bathrooms: 1 full bathroom and 1 toilet
Council tax band: A