6 Bed HMO, Stockport, SK3 9LA, £350,000

15 Bloom Street, Stockport, Cheshire, SK3 9LA - 18 views - 5 months ago

Leasehold
Auction
HMO
ROI: 13%
150 m²
+2 photos

ValuationUndervalued











Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£87,500

Stamp Duty & Legal Fees

£16,700

Total Cash In

£104,200

 

 

Cash Out

 

Room Rate

£620

Gross Rent

£3,720

Running Costs/mo

£2,552

Cashflow/mo

£1,168

Cashflow/yr

£14,022

ROI

13%

Gross Yield

13%













Property History

Listed for £350,000

October 28, 2024

Description

  • Residential HMO +
  • Six Bedrooms +
  • Freehold +

CAN BE SOLD INDIVIDUALLY OR AS PART OF A PORTFOLIO
*NORTH WEST PORTFOLIO*

For Sale by Public Online Auction on 15/01/2025 13:00

Location
The subject property is located in Edgeley, a suburb of Stockport, directly west of Stockport Town Centre. Stockport lies approximately 5.80 miles southeast of Manchester city centre.

Edgeley is a primarily residential area, featuring Victorian terraced housing and some mid-rise tower blocks. The local high street offers a range of amenities, including discount retailers, hot food takeaways, cafes, a Boots Pharmacy, and a Co-op Food store. Additional amenities, such as Morrisons and Aldi supermarkets, are located around 0.70 miles west of the property. The main amenities of Stockport Town Centre and nearby retail parks are also easily accessible.

Edgeley is located near Stockport Train Station, approximately 0.6 miles east of the property (around a 9-minute walk). Stockport Station provides key transport links to Manchester, Birmingham, and London, with frequent direct services to Manchester Piccadilly (11 minutes), Birmingham New Street (1 hour 21 minutes), and London Euston (2 hours 10 minutes).

Junction 1 of the M60 Manchester Outer Ring Road is located approximately 0.30 miles north of the property, offering convenient access to the Greater Manchester area.

Description
The property comprises a three-storey mid-terrace building constructed in the late 19th century providing a six bedroom HMO.

The property features six double bedrooms, four with en-suites and two without, along with one additional shared bathroom.

The ground floor consists of an entrance hall, a front double bedroom with an en-suite, a kitchen/dining room, and a small living room at the rear. On the first floor, there are two double bedrooms with en-suites, one standard double bedroom, and a shared bathroom. The second floor includes one double bedroom with an en-suite and one standard double bedroom.

The accommodation totals approximately 127 sq m (1,365 sq ft) GIA.

Tenure
We understand that the property is held Leasehold under Title Number GM186046. The term of the lease is for 999 years from March 1886.

Planning Authority
Stockport Metropolitan Borough Council -

D:61

Refer to the legal documentation

Note
We have not inspected internally and the measurements and photographs have been provided to us by third party sources.

For further information please go to

Agent Details

Lambert Smith Hampton, Auctions

020 3834 8766

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪

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