Opportunity to purchase an income generating fully licensed HMO in a high demand town – Stockport Cheshire. Annualised rent and costs confirmed, renovated to a high standard and is being sold fully tenanted.
Property Managed by Luxury Hub, fully let with waitlist from tenants for rooms.
The house consists of five beautifully designed and spacious double rooms - 3 with high quality ensuite bathrooms all fully furnished including TVs. Each bedroom is different in its own way from the basement floor with en suite and plenty of storage to the 2nd floor spacious loft conversion. Everything has been thought of with tenant in mind. Tenants benefit from a high spec kitchen diner area and built in dishwasher/ dryer as well as plenty of storage space. The kitchen has a standard 4 top hob and convection oven as well as a large standalone fridge freezer.
At the rear, a spacious decked area with outside covered benched seating area perfect for entertaining with friends.
Stockport is based on the edge of the Peak District, perfectly located just 20 minutes on the train into central Manchester with local access links to the M6, M60 and M56.
This property is in a convenient location giving excellent access to the local transport and amenities on offer with the nearest Supermarket only 0.7 miles away
Stockport Town Centre – 1.0 miles away
Stockport train station– 0.7 miles away (13-minute walk)
Stockport hospital – 1.2 Miles away
Manchester Airport – 7.4 miles
Manchester City Centre – (20 minutes by train)
London Euston – (2 hour 42 minutes via Davenport train station)
Total forecat Income pa £34,320.00
Net Income £ 25,788.00
Gross Yield 9.15%
Net Yield 6.88%
Yield on Cash Invested after mortgage 11.84%