5 bedroom hmo

Springfield Avenue, Crumpsall, Manchester, M8 5QD

Size: 110 sqm

Purchase price

£199,950

Size: 110 sqm

Tenanted

Tenanted
Finance breakdown
Financial performance*
Gross rent £24,390
Service charge £2,345
Lettings fees £2,927
Net income £19,118
Gross yield 12.2%
Net yield 9.56%

EARN INSTANT INCOME ON THIS FULLY TENANTED INVESTMENT OPPORTUNITY - NOT SUITABLE FOR OWNER OCCUPIERS! This excellent 5 bedroom HMO is located just a stones throw away from Manchester city centre.


This wonderful 5 bedroom HMO comprises of; 1 bedroom on the ground floor; with a three piece shower room; 2 generous sized bedrooms on the first floor; one with en-suite shower room; a further 2 double bedrooms on the 2nd floor; and a three piece family bathroom with shower over bath; there is a communal fully fitted kitchen and dining area; double doors leading to a spacious rear garden. The property comes with 2 parking spaces which are gated, with a garage to the rear of the property.

Chorley Road is ideally located close to Manchester City Centre where there are many shops, bars and restaurants. There is never a shortage of things to do in Manchester with many live music venues, theaters and museums.

Manchester’s high rental yields, growing demand and capital growth are just a few reasons why it has been named one of the UK’s best buy-to-let hotspots. Between July 2017 and July 2018, Manchester’s property prices rose by 5.6% and are expected to rise a further 18.1% by 2022. Manchester’s growing population ensures that there will always be high demand for rental properties. Now is the perfect time to invest in this vibrant and exciting city.

Manchester is a very vibrant city and is renowned for its rich history and culture. There is a growing demand for properties there as a result of many students deciding to stay in the city after graduation and also because of the increasing number of businesses deciding to settle there.

This is an investment opportunity not to be missed.

Interested in this property? Enquire today for more information

Key features

Key features

Earn instant income

Key features

Five bedroom HMO

Key features

2 parking spaces

Key features

Garage

Key features

Front & rear gardens

Key features

En-suite shower room

Key features

Communal fully fitted kitchen

Key features

Excellent location

Key features

Great transport links

Key features

Shops and amenities nearby

Key features

Freehold

EARN INSTANT INCOME ON THIS FULLY TENANTED INVESTMENT OPPORTUNITY - NOT SUITABLE FOR OWNER OCCUPIERS! This excellent 5 bedroom HMO is located just a stones throw away from Manchester city centre. More info...

This wonderful 5 bedroom HMO comprises of; 1 bedroom on the ground floor; with a three piece shower room; 2 generous sized bedrooms on the first floor; one with en-suite shower room; a further 2 double bedrooms on the 2nd floor; and a three piece family bathroom with shower over bath; there is a communal fully fitted kitchen and dining area; double doors leading to a spacious rear garden. The property comes with 2 parking spaces which are gated, with a garage to the rear of the property.

Chorley Road is ideally located close to Manchester City Centre where there are many shops, bars and restaurants. There is never a shortage of things to do in Manchester with many live music venues, theaters and museums.

Manchester’s high rental yields, growing demand and capital growth are just a few reasons why it has been named one of the UK’s best buy-to-let hotspots. Between July 2017 and July 2018, Manchester’s property prices rose by 5.6% and are expected to rise a further 18.1% by 2022. Manchester’s growing population ensures that there will always be high demand for rental properties. Now is the perfect time to invest in this vibrant and exciting city.

Manchester is a very vibrant city and is renowned for its rich history and culture. There is a growing demand for properties there as a result of many students deciding to stay in the city after graduation and also because of the increasing number of businesses deciding to settle there.

This is an investment opportunity not to be missed.

  • Key features
    Tick Desktop Earn instant income
    Tick Desktop Five bedroom HMO
    Tick Desktop 2 parking spaces
    Tick Desktop Garage
    Tick Desktop Front & rear gardens
    Tick Desktop En-suite shower room
    Tick Desktop Communal fully fitted kitchen
    Tick Desktop Excellent location
    Tick Desktop Great transport links
    Tick Desktop Shops and amenities nearby
    Key features

    Freehold

  • LocationLocation
  • EPCEPC

*All information is provided as a guideline only, is subject to change and does not constitute a contract. As with any investment, please remember that the value of property may go up or down.

Breakdown
Financial performance*
Gross rent £24,390
Service charge £2,345
Lettings fees £2,927
Net income £19,118
Gross yield 12.2%
Net yield 9.56%

*All information is provided as a guideline only, is subject to change and does not constitute a contract. As with any investment, please remember that the value of property may go up or down.