Fantatic 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 six 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 2nd floor large bedroom with en suite, to the basement floor bedroom with plenty of storage. 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 perfect for 6 working tenants. The kitchen has a standard 4 top hob and convection oven as well as 2 large
standalone fridge freezers.
At the rear, a spacious decked area with outside covered benched seating area perfect for entertaining w
At the rear, a spacious decked area with outside covered benched seating area perfect for entertaining with friends with outside plug, water tap.
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 fantastic location for working professionals giving excellent access to the local transport and amenities on offer with Stepping Hill Hosptial a 2 minute walk from the property.
Stockport Town Centre – 2 miles away
Amenities including largest serving supermarket – 0.4 miles away
Hazel grove train station– 0.8 miles away
Stepping Hill hospital – less than 200 metres away
Manchester Airport – 7.7 miles away
Manchester City Centre – 8.5 miles away
London Euston – (2 hour 46 minutes by Hazel Grove train station
Total forecat Income pa £44,520.00
Net Income £ 33,948.00
Gross Yield 9.96%
Net Yield 7.59%
Yield on Cash Invested after mortgage 18.21%