Potential 4-Bed HMO, Manchester, M14 6RZ, £335,000

23 Kingswood Road, Manchester, Greater Manchester, M14 6RZ - 2 views - 3 months ago

Sold STC
HMO
ROI: 4%
71 m²
+9 photos

ValuationOvervalued











Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£83,750

Stamp Duty & Legal Fees

£15,500

Total Cash In

£99,250

 

 

Cash Out

 

Room Rate

£579

Gross Rent

£2,317

Running Costs/mo

£2,022

Cashflow/mo

£295

Cashflow/yr

£3,540

ROI

4%

Gross Yield

8%













Property History

Listed for £335,000

January 6, 2025

Sold for £125,000

2009

Floor Plans

Description

*INVESTMENT PROPERTY* A well-maintained FOUR BEDROOM HMO (House of Multiple Occupation) is an excellent investment opportunity. CURRENT RENT (net of bills for the academic year 25/26) £27,800 per annum. Positioned in a highly popular residential area on Kingswood Road here in Ladybarn. The property is positioned just a stone’s throw from Kingswood Park, close by to good transport links and all the local amenities on Wilmslow Road. The property features a period terrace design and comprises of; A vestibule, entrance hallway, bedroom four, living room and a fitted kitchen with access out into the rear enclosed courtyard completing the ground floor. Whilst to the first floor there is a landing leading to three bedrooms, a two-piece bathroom with a separate W.C. The property benefits from being warmed by gas fired central heating, an alarm system, interlinked smoke alarms and enclosed courtyard style garden. Just a short walk from Wilmslow Road, known for its vibrant selection of bars, restaurants, and amenities. Excellent Transport Links: Convenient access to bus routes providing easy travel to Manchester city centre and nearby universities. For further details, please contact David at or via email at .

Externally - To the front aspect there is a low level brick boundary wall and a footpath leading to the front door. To the rear there is an enclosed courtyard style garden with a brick boundary wall.

Financial Services - We believe that by introducing our clients to specialist advisors who provide simple, sensible, mortgage & protection advice we can help our clients make fully informed decisions giving them the confidence that they are getting the right deal from the start.

Our partners are committed to offering a tailor-made personal and professional service and aim to exceed expectations on every level, specialising in finding the best mortgage & protection products to suit your particular needs.

If you wish to take the opportunity to speak with our partner advisors at Bespoke Mortgage; Bridget and Mark can be reached on or

Aml - (Anti-Money Laundering). - We are required by law and HMRC guidelines to carry out anti-money laundering checks on all those selling or buying a property. Whilst we retain responsibility for ensuring checks and any ongoing monitoring are carried out correctly, the initial checks are carried out on our behalf by Lifetime Legal who will contact you once you have agreed to instruct us in your sale or had an offer accepted on a property you wish to buy. The cost of these checks is £60 (incl. VAT), which covers the cost of obtaining relevant data and any manual checks and monitoring which might be required. This fee will need to be paid by you in advance of us publishing your property (in the case of a vendor) or issuing a memorandum of sale (in the case of a buyer), directly to Lifetime Legal, and is non-refundable. We will receive some of the fee taken by Lifetime Legal to compensate for its role in the provision of these checks.

Agent Details

JP & Brimelow, South Manchester

0161 524 5506

Next Steps?

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