4 Bed HMO, Salford, M5 3SA, £250,000

68 Coronation Street, Salford - 16 views - 2 months ago

HMO

ROI: 11%

111 m²

+5 photos

ValuationUndervalued

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Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£62,500£62,500
Stamp Duty & Legal Fees	£8,700£8,700
Total Cash In	£71,200£71,200

Cash Out
Room Rate	£604£604
Gross Rent	£2,416
Running Costs/mo	£1,751£1,751
Cashflow/mo	£665£665
Cashflow/yr	£7,981£7,981
ROI	11%11%
Gross Yield	12%12%

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Property History

Listed for £250,000

January 15, 2025

Floor Plans

Description

FOUR BED HMO +
CURRENTLY TENANTED +
STUDENT ACCOMODATION +
HANDS OFF INVESTMENT +
11.23% YIELD +
£29,000 ANNUALLY +

MISTORIA ESTATE AGENTS
HANDS OFF INVESTMENT
GENERATING INCOME
11.23% Yield
Annual income £29,000

Welcome to this charming terraced house located on Coronation Street in Salford! Situated in a prime location close to universities, this property is currently set up as a 4-bed HMO (House in Multiple Occupation) with student tenants in place. This makes it an ideal investment for those looking to generate rental income in a popular student let area.

Agent Details

Mistoria, Worsley, Walkden

0161 524 3711

Next Steps?

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

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