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Swinton, Manchester HMO House

Swinton M27

Location

8.7%

NET Yield

£240,000

Priced at

HMO Houses Swinton Manchester

Fresh Invest is delighted to release a superb high spec, fully furnished HMO House located in Swinton, Manchester.

  • 5 Bed HMO House
  • Annual NET Yield of 8.7%
  • Full Furniture Pack Included
  • Just over 5 miles into Central Manchester
  • Opportunity to Invest in a “Northern Powerhouse”
  • Priced at just £240,000

THE INVESTMENT

An opportunity to purchase a full “turn key” investment property where the refurbishment, tenancy and management is all taken care of.

Sourcing, Purchasing, Converting and Managing an HMO is a laborious project and one which should only be undertaken by professionals. By working with our investors we have structured an investment in high yielding HMO houses in significant growth areas.

This property will be sold fully refurbished and tenanted with a full furniture pack included.

THE AREA

Swinton is situated approximately five miles north west of Manchester city centre.

Swinton is the city of Salford’s administrative centre, both Salford City Council and the police have their headquarters based there.

The town centre is currently undergoing a period of significant change with recent investment in the Swinton Gateway building and a new ASDA store within Swinton Square Shopping Centre. Improvements have also been made to the Chorley Road frontage.

The new Gateway Centre is a state-of-the-art hub for the local Community. It brings together council and health services under one roof in the heart of Swinton.

THE FINANCIALS

  • Purchase Price – 240,000
  • Average Monthly Rent/Room – £477
  • Total Average Monthly Rent – £2,385
  • Gross Income – £28,620
  • Costs Per Annum – £7,809
  • NET Income – £20,811
  • Gross Yield – £11.9%
  • NET Yield – 8.7%

COST BREAKDOWN

  • Letting Fee’s (7%) – £2,047
  • Voids (5%) – £1,431
  • TV & Internet – £615
  • Utilities – £2,421
  • Council Tax – £1,235
  • Gas Servicing – £60

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