6 Bed HMO, Manchester, M20 3BJ, £425,000

Bridgelea Road, Withington, M20 3BJ - 4 views - a month ago

Leasehold
HMO
ROI: 5%
~186 m²
+6 photos

ValuationUndervalued











Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (27%)

£115,000

Stamp Duty & Legal Fees

£34,700

Total Cash In

£149,700

 

 

Cash Out

 

Room Rate

£588

Gross Rent

£3,530

Running Costs/mo

£2,888

Cashflow/mo

£642

Cashflow/yr

£7,704

ROI

5%

Gross Yield

9%













Property History

Price changed to £425,000

March 28, 2025

Listed for £460,000

March 7, 2025

Floor Plans

Description

  • Six Bedroom HMO +
  • Modern Town House +
  • Approx. 1315 Sq Ft +
  • Potential Yield Of 9.2% +
  • Current Yearly Rental Income Of £42,360 +
  • Within Striking Distance Of Both Withington & Didsbury Villages +
  • Freehold Available For Purchase At Additional Cost +
  • No Onward Chain +

A FANTASTIC INVESTMENT OPPORTUNITY to acquire this MODERN SIX-BEDROOM HMO townhouse, currently generating a YEARLY RENTAL INCOME OF £42,360 resulting in a GROSS YIELD OF 9.2%, conveniently located within striking distance of both Withington & West Didsbury Villages, with their array of shops, café bars and restaurants as well as being close to the Metrolink. For Sale With No Onward Chain. Freehold available for purchase. 1315 Sq Ft

The property is currently fully let and achieves a monthly rental income of £3530.

The spacious accommodation consists of; an entrance hallway with access to the shower room utility and two bedrooms.

To the upper floors is the living room and kitchen/diner. There are four further bedrooms, with room 4 having its own private en-suite and room 6 having a shower cubicle and wash basin included in the room. All of the rooms have a space for freestanding furniture. The property is further served by a shared bathroom.

The property can be accessed from both Burton Road and Bridgelea Mews.

The Freehold is available to purchase at an additional cost.

Leasehold
999 Years From January 1994
Grund Rent/ £50 pa
Council Tax Band: D
Approx. 1315 Sq Ft

Agent Details

Philip James Kennedy, Didsbury

0161 524 4262

Next Steps?

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

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