5 Bed HMO, Salford, M6 5JZ, £325,000

14 Highfield Road, Salford M6 5JZ - 1 views - 6 days ago

HMO
ROI: 10%
93 m²
+11 photos

ValuationOvervalued











Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£81,250

Stamp Duty & Legal Fees

£21,200

Total Cash In

£102,450

 

 

Cash Out

 

Room Rate

£627

Gross Rent

£3,135

Running Costs/mo

£2,252

Cashflow/mo

£883

Cashflow/yr

£10,597

ROI

10%

Gross Yield

12%













Property History

Listed for £325,000

March 13, 2025

Floor Plans

Description

  • Fully Compliant HMO Property For Sale +
  • Gross Yield of 11.6% +
  • 5 Bedroom & 5 En-suite +
  • Annual Rental Income of £37,620.00 +
  • Freehold Property +
  • EPC Rating: C +

Property Description for 14 Highfield Road, Salford M6 5JZ
Overview: A well-presented, mid-terrace HMO property located in a highly sought-after area of Salford; 14 Highfield Road offers an excellent investment opportunity. With 5 spacious bedrooms, each with its own ensuite bathroom, this property is ideal for professionals looking for modern, high-quality accommodation. The property benefits from a valid HMO license and the landlord has recently submitted a planning approval application to Salford Council to confirm Lawful Use.

Key Features:
- 5 Bedrooms / 5 Bathrooms: Each bedroom comes with its ensuite, providing convenience and privacy for each tenant.
- Freehold: The property is offered as freehold, providing stability for the buyer.
- Current Rent: The property generates a total of £3,135 per month (£37,620 per annum) in rent, with all rooms currently occupied. Tenants are on rolling contracts, and the current letting agent confirms there are no upcoming vacancies.
- Article 4 Area: Situated in an Article 4 area, ensuring that the property is compliant with local planning regulations for HMO properties.

Investment Figures:
- Asking price: £325,000.00
- Gross yield: 11.6%

Compliance: All necessary compliance documents are in place, including EICR (Electrical Installation Condition Report), gas safety certification, smoke detection, and fire safety measures.

EPC: C (valid till March 2028)

Agent Details

Pure, Manchester

0161 524 5533

Next Steps?

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