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4 bedroom terraced house for sale
Garden Street, Macclesfield, Cheshire, SK10
£340,000
Garden Street, Macclesfield, Cheshire, SK10
£340,000
Our Summary
- HMO INVESTMENT OPPORTUNITY 36 Garden Street, Macclesfield, SK10 2QW Fully Tenanted, High-Spec 4-Bed HMO - £340,000 ________________________________________ Overview Introducing a fully operational, high-yielding HMO investment located in the heart of Macclesfield
- ________________________________________ Key Property Features * 4 spacious bedrooms * 3 modern bathrooms, including 2 en-suites * No need for a HMO licence due to being a 4 bed * Fully tenanted with long-standing occupancy * High-standard refurbishment throughout * Brand-new roof * Contemporary kitchen, upgraded safety systems, and modern utilities * Strong rental demand in the immediate area ________________________________________ Financial Performance Gross Rental Income £32,040 per annum Operating Costs * Dual energy: £1,980/year * Internet: £300/year * Council tax: £1,672/year * TV licence: £170/year * Water: £522/year Total: £4,644 These predictable and manageable outgoings support strong net yields and reliable cash flow
Description
This fully tenanted, high-spec 4-bedroom HMO investment property in Macclesfield is a genuine turnkey opportunity for investors seeking stable returns. The property has undergone an extensive refurbishment of approximately £100,000, ensuring compliance with contemporary HMO standards and reduced long-term maintenance requirements. With a brand-new roof and modern amenities, including a contemporary kitchen and upgraded safety systems, the property offers a strong and reliable income stream from day one. The property is fully tenanted with long-standing occupancy, and with a gross rental income of £32,040 per annum, it provides a gross yield of approximately 9.43%. With predictable and manageable operating costs, the net yield is approximately 8.0%, making it an attractive investment opportunity for those seeking a stable and reliable income stream.