4 Bed HMO, Salford, M5 3SA, £250,000

68 Coronation Street, Salford - 15 views - 2 months ago

HMO
ROI: 11%
111 m²
+5 photos

ValuationUndervalued











Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£62,500

Stamp Duty & Legal Fees

£8,700

Total Cash In

£71,200

 

 

Cash Out

 

Room Rate

£604

Gross Rent

£2,416

Running Costs/mo

£1,751

Cashflow/mo

£665

Cashflow/yr

£7,981

ROI

11%

Gross Yield

12%













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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