6 Bed HMO, Manchester, M30 9AN, £400,000

Victoria Crescent, Eccles, M30 9AN - 2 views - 5 days ago

HMO
ROI: 8%
~186 m²
+2 photos

ValuationUndervalued











Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£100,000

Stamp Duty & Legal Fees

£28,700

Total Cash In

£128,700

 

 

Cash Out

 

Room Rate

£589

Gross Rent

£3,534

Running Costs/mo

£2,682

Cashflow/mo

£852

Cashflow/yr

£10,224

ROI

8%

Gross Yield

11%













Property History

Listed for £400,000

March 12, 2025

Floor Plans

Description

  • 6 Bedroom HMO +
  • Great Investment Opportunity +
  • In Need Ogf Cosmetic Updating +
  • Off Road Parking +
  • 2 Shared Bathrooms +
  • Gardens +

POTENTIAL INVESTMENT OPPORTUNITY – 6 Bedroom HMO Property.

Situated in a highly sought-after and convenient location, this period property spans four floors and presents a good investment opportunity. The property comprises of 6 bedrooms all with kitchenette facilities and a 2 shared bathrooms. All rooms are rented on short-term rolling contracts, providing immediate rental income.

The property requires some cosmetic updating hence the asking price. Each room is available for viewing allowing potential buyers to explore the property.

Contact us today to register your interest and receive further information.

Victoria Crescent is located close to the highly desirable Ellesmere Park area, just a short walk from Salford Royal Hospital, Eccles Town Centre, and the vibrant Monton Village, renowned for its selection of bars, restaurants, and local amenities. The property also enjoys excellent transport links.

This property represents a great investment opportunity as it stands, with the potential for further development to maximise returns.

Agent Details

Thornley Groves, Monton

0161 524 9345

Next Steps?

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

Similar Properties

Like this property? Maybe you'll like these ones close by too.