House For Sale, Huxley Street, Oldham OL4

Description

This is an investment opportunity to purchase a HMO property in Oldham with the potential to generate a gross yield of 10.9%.

Leasehold information

Length of lease: Tbc
Year lease started: Tbc
Years left on lease: 874

Property information

Property is currently undergoing full refurbishment and works are expected to complete on 15 October 2021
The schedule of works can be provided upon request
HMO licence is required by the council
Spread over 3 floors
All bedrooms come with ensuite bathrooms
Shared kitchen
EPC rating C
The property will be professionally managed

Rental information

Once fully let the following rents are expected to be achieved per room:

Room 1 - £476.67 pcm
Room 2 - £476.67 pcm
Room 3 - £498.33 pcm
Room 4 - £476.67 pcm
Room 5 - £476.67 pcm
Total monthly rental income: £2,405
Total annual rental income: £28,860

Running costs

The vendor provided us with the following expected running costs of this property:

Council tax: £1,354.78 pa
Gas bill: £600 pa
Electricity bill: £600 pa
Water bill: £500 pa
Internet: £400 pa
Total cost pa: £3,454.78
Total cost pcm: £287.90

Location information

The property is located in the St Mary's area of Oldham
Oldham city centre is just under 1.5 miles from the property and can be easily reached by public transport
There is a bus stop 2 minutes' walk from the property
Local amenities can be reached within walking distance

Note

Please note that the pictures are not of the actual property but represent a previously completed property from the same vendor. They are for illustrative purposes only and to show the level of quality this property will be finished. The floorplan does represent this property.

Please note that Vesta has not visited this property and that all material has been provided by the vendor.

Follow the link for more information:

        
zoopla.co.uk

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House For Sale £265,000 Huxley Street, Oldham OL4

House For Sale £265,000
Huxley Street, Oldham OL4