HMOs for Sale
Redgrave Street, Oldham
4 1
£176,000 Asking Price Mid terrace for sale
Description
Introducing this 4 bed, 1 ensuite HMO in Oldham, Greater Manchester. Fully tenanted, this property offers it's next investor a sound investment opportunity. With a managing agent in situ and a well maintained property, this property offers it's tenants a clean and functional place in which to live.
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 1 ensuite bedroom.
The property is only a 4 minute walk away from a supermarket, as well as a selection of small businesses nearby. With good road connections, including the M60, the area provides easy access to surrounding regions and major cities, this offers a wider range of employment opportunities. Oldham offers an abundance of green spaces and contributes to a quieter and more relaxed living environment compared to city centres.
Income;
Room 1 - £510 / Room 2 - £460 / Room 3 - £470 /
Room 4 - £415 /
Total; £1,855 PCM / £22,260 PA
Expenditure;
Electric - £375.34 / Water - £ 25.38 / Council Tax - £137 / Cleaner - £60 / Broadband - £32.40 / Management - £178.08
Total; £808.20 PCM / £9,698.40 PA
Gross Yield: 12.65%
Additional Details
- Bedrooms: 4 Bedrooms
- Bathrooms: 1 Bathroom
- Ensuites: 1 Ensuite
- Kitchens: 1 Kitchen
- Buyer Fee: 2.00% + VAT
- Rights and Easements: Ask Agent
- Risks: Ask Agent
Brochures
Features
- 4 Bed 1 Ensuite HMO
- Fully Occupied With Working Tenants
- Managing Agent In Situ
- Gross Income £22,260 PA
- Gross Yield 12.65%
- 2% Plus Vat Buyer's Fee
Enquiry
To make an enquiry for this property, please complete the form below.
