5 Bed HMO, Manchester, M14 5PQ, £500,000

11 Langdale Road, Manchester, Greater Manchester, M14 5PQ - 5 views - 3 months ago

HMO
146 m²
+16 photos

ValuationOvervalued











Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£125,000

Stamp Duty & Legal Fees

£28,700

Total Cash In

£153,700

 

 

Cash Out

 

Room Rate

£568

Gross Rent

£2,840

Running Costs/mo

£2,789

Cashflow/mo

£51

Cashflow/yr

£617

ROI

0%

Gross Yield

7%













Property History

Listed for £500,000

December 26, 2024

Sold for £185,000

2006

Floor Plans

Description

  • HMO Investment +
  • Five Ensuite Bedroom +
  • Scope for Further Development +
  • Full Renovated +
  • Corner Plot +
  • Virtual Tour Available +
  • No Chain +

Fantastic opportunity to purchase this fully renovated HMO, with 5 Ensuite Double bedrooms, immaculately presented for a turn-key investment situated on a corner plot with scope for further development.

To the ground floor, the entrance halls provides access to a large kitchen/reception to the rear, with a recently fitted kitchen comprising; selection of wall and base units, sink with drainer, oven with hob and ample space for appliances and dining.
There are two further double bedrooms to this floor, each with fitted wardrobes and comfortable proportions.

To the first floor, three further double rooms benefit from the same quality finish, with ensuite shower rooms to each and fitted storage maximising the generous space on offer.

Having been thoughtfully renovated by the current owner, including details such as a new heating system, this property is a future-proof investment now requiring minimal maintenance, with excellent rental income.

Ideally situated within this popular residential area, with a wealth of local amenities and transport links, this property must be viewed to appreciate the size and quality of the accommodation on offer.

See our Virtual Tour online and get in touch to arrange a viewing!

Key Details:

Tenure: Freehold
EPC - D
Council Tax Band -C
No Chain

Agent Details

Leaders Sales, Fallowfield

0161 524 9116

Next Steps?

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

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