Should you be investing in HMO properties in 2025?
13 Charles Street, Salford, M6 7DU Sold
5 1
£275,000 Asking Price House of multiple occupation for sale
Description
Introducing a fantastic opportunity to purchase this 5 bed, 3 ensuite HMO in Salford, Greater Manchester. Each room provides a functional living space with good finishes and great amenities nearby. An opportunity for investment and development awaits the prospective buyer of this well located property.
The area is well-served by bus routes, providing connectivity to various parts of Salford and Manchester. The nearest stop is just a 2 minute walk from the property. The Metrolink tram system has several stops close by, providing convenient access to other areas of Greater Manchester, including Manchester city centre. There are numerous restaurants and cafes in the local vicinity which offer various cuisines and dining experiences, including Salford Quays, with numerous waterfront restaurants and bars. Salford Royal Hospital is 6 minutes away by car, making this a convenient location for NHS staff.
Income;
Room 1 - £520 / Room 2 - £410 / Room 3 - £425 /
Room 4 - £498 / Room 5 - £650 /
Total; £2,503 PCM / £30,036 PA
Expenditure;
Gas - £296.20 / Electric - £113.95 / Water - £59.55 / Council Tax - £123 /
TV License - £14 / Cleaner - £39 / Broadband - £46.73 / Management - £300.36
Total; £992.79 PCM / £11,913.48 PA
Gross Yield: 10.92%
Additional Details
- Bedrooms: 5 Bedrooms
- Bathrooms: 1 Bathroom
- Ensuites: 3 Ensuites
- Kitchens: 1 Kitchen
- Buyer Fee: 2.00% + VAT
- Tenure: Leasehold
- Lease Duration: 998 years
- Lease Remaining: 847 years
- Council Tax: £1,403 / year
- Council Tax Band: A
- Rights and Easements: Ask Agent
- Risks: Ask Agent
Brochures
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Features
- 5 Bed, 3 Ensuite HMO
- Great Investment Opportunity
- Gross Income £30,036 PA
- Gross Yield 10.92%
- 2% Plus Vat Buyer's Fee
Enquiry
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