5 bedroom house of multiple occupation for sale

>

5 bedroom house of multiple occupation for sale

Verney Road, Royton, OL2 6AZ
£260,000

Our Summary

  • 14% NET with scope to improve this yield further at the end of the term

Description

This HMO property in Royton, Greater Manchester, is a fantastic investment opportunity, already generating a 7.14% NET yield with scope to improve it further. The property is fully furnished and features five double bedrooms, each with a private ensuite, a modern kitchen, and a rear enclosed back yard. Located just over a mile from the Metrolink stop and with easy access to local amenities and the M60 motorway, this property is perfectly situated for working professionals. Greater Manchester is a high-performing city with a growing population, making it an attractive location for rental properties. The property's gross yield is 10.58% and net income is £18,563.96, making it an excellent addition to any portfolio. With Savills predicting a 18.8% growth in property prices in the North West region by 2026, now is a great time to invest. Enquire early to avoid disappointment.
Finance This Property