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Egerton Road, Manchester 7 bed terraced house for sale
Egerton Road, Manchester
£500,000
Egerton Road, Manchester
£500,000
Our Summary
- ðŸ�¡ INVESTMENT OPPORTUNITY - PRIME HMO PROPERTY IN THE HEART OF STUDENT CENTRAL, FALLOWFIELD ðŸ�¡Guide Price: £500,000ATTENTION ALL INVESTORS
- 📈 Proven Rental Income & Growth PotentialCurrent Gross Income: £38,371 per annumProjected Income Post-Refurb (7 Bed): £50,580 per annumPotential Income (9 Bed Conversion): Up to £65,032 per annum🛠ï¸� Refurbishment RequiredThe property is in need of a full refurbishment - a blank canvas for investors to unlock its full earning potential
- With ample space to reconfigure and extend (subject to planning), the opportunity to increase to a 9-bedroom HMO makes this an even more attractive proposition
- ✅ Key Features:Fully licensed HMO7 current bedrooms, potential for 9Established rental historyExcellent yield potentialStudent central location🔑 Ideal for seasoned investors or first-time buyers looking to enter the high-demand student rental market
Description
This investment opportunity presents a prime HMO property in the heart of Fallowfield, Manchester's student hotspot, with a guide price of £500,000. The 7-bedroom property is fully licensed and generates a current gross income of £38,371 per annum, with potential for growth to £50,580 per annum post-refurbishment and up to £65,032 per annum with a 9-bedroom conversion. The property requires a full refurbishment, offering a blank canvas for investors to unlock its full earning potential. With its excellent yield potential, student central location, and established rental history, this property is ideal for seasoned investors or first-time buyers looking to enter the high-demand student rental market.