HMOs for Sale
Mellor Street, Rochdale
4 1
£168,000 Asking Price End of terrace for sale
Description
Introducing this 4 bed, 2 ensuite HMO currently fully occupied in Rochdale, Greater Manchester. This property has undergone an extensive refurbishment in the last 5 years. Having been taken completely back to brick by the current owner's development team, the likelihood of costly on-going maintenance and repairs has been significantly reduced. The property includes a fully fitted kitchen and dining space, a shared bathroom as well as 2 ensuite bedrooms and a garden space.
The property is conveniently located for local shops and amenities. The nearest supermarket is less than a minutes walk away. There is also a bus stop outside the property, allowing easy access to the wider area. Compared to larger cities like Manchester, housing in Rochdale is significantly more affordable, making it easier for residents to find affordable accommodation. Rochdale has good transport connections, including regular train services to Manchester, Leeds, and other major cities. The Metrolink tram system also connects Rochdale to Greater Manchester, improving commuting options. The town is also well-connected by the M62 motorway, facilitating easy travel to nearby areas.
Income;
Room 1 - £512 / Room 2 - £490 / Room 3 - £433.33 /
Room 4 - £450 /
Total; £1885.33 PCM / £22,623.96 PA
Expenditure;
Electric - £367.52 / Water - £24.34 / Council Tax - £131 / Cleaner - £60 / Broadband - £32.40 / Management - £180.99
Total; £796.25 PCM / £9,555.00 PA
Gross Yield: 13.47%
Additional Details
- Bedrooms: 4 Bedrooms
- Bathrooms: 1 Bathroom
- Ensuites: 2 Ensuites
- Kitchens: 1 Kitchen
- Buyer Fee: 2.00% + VAT
- Rights and Easements: Ask Agent
- Risks: Ask Agent
Brochures
Features
- 4 Bed 2 Ensuite HMO
- Fully Occupied With Working Tenants
- Managing Agent In Situ
- Gross Income £22,623.96 PA
- Gross Yield 13.47%
- 2% Plus Vat Buyer's Fee
Enquiry
To make an enquiry for this property, please complete the form below.
