5 bedroom house of multiple occupation for sale

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5 bedroom house of multiple occupation for sale

Verney Road, Royton, OL2 6AZ
£240,000

Our Summary

  • If you’re looking to add a high yielding, perfectly located HMO property to your portfolio then look no further than this incredible investment which is already fully operational and yielding 7% NET with scope to improve this yield further at the end of the term
  • Tenanted Investment Opportunity

Description

This property is a fantastic investment opportunity, already generating a 7% NET yield and offering scope to improve this yield further. The fully furnished HMO property in Royton, Greater Manchester, consists of five double bedrooms, each with a private ensuite, and a modern kitchen with integrated appliances. The property is located just over a mile from the Metrolink stop, providing easy access to Manchester city centre, and is close to local amenities and shops. Greater Manchester is a high-performing city with a growing population, attracting young professionals and predicting strong property price growth. The property yields a gross rent of £19,800 and a net income of £17,424, making it an attractive investment opportunity. With Savills predicting average property prices in the North West region will grow by 18.8% by 2026, this is a great time to invest.