5 bedroom house of multiple occupation for sale

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5 bedroom house of multiple occupation for sale

Cedric Street, Manchester, Greater Manchester, M5
£335,000

Our Summary

  • Investment Information - Full Address: 26 Cedric Street, Salford M5 5JY - Number Of Bedrooms: 5 - Rentals Information: Currently generating £2,600pcm ( £31,200 per annum) o Single Room: £500pcm o Single Room: £500pcm o Single Room: £500pcm o Double Room: £550pcm o Double Room: £550pcm - HMO planning permission approved for the property

Description

This 5-bedroom HMO property in Salford is being marketed for investment purposes. The property is located in a popular area with a population of around 300,000 people, and is close to several major industries, including the BBC, ITV, and Manchester United Football Club. The property has been generating £2,600 per month, with each room rented out at a rate of £500-£550 per month. The property has been granted HMO planning permission and is currently being managed by a local agent. The expenses for the property are £337.85 per month, which includes gas, electricity, water, TV license, internet, and insurance. The net income for the property is £27,145.80 per year, with a gross yield of 9.5%. The property is being sold as a freehold and has a tenure of 150 years.
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