- 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)