House For Sale £280,000
Rostherne Street, Salford M6

Pure Investor brings to the market this 4-bed HMO for sale in Salford. Salford has a population of just under 300,000 people with approximately 2.8 million people living in the wider Greater Manchester Area and is home to several industries such as BBC, ITV, Manchester United Football Club, Salford Royal Hospital & the University of Salford. Nearby is Trafford Park, one of Europe's largest industrial estates and the Trafford Centre shopping centre providing 35,000 jobs which will rise due to the expansion of the site. The BBC is based in Salford Quays, Media City and provides around 3,000 jobs with a further 250 other business also being based here.

Salford has fantastic road connections such as the A6, A580, M602 & M60 allowing easy access to anywhere in both Greater Manchester & and the north-west of England. Salford has several trains and Metrolink stations such as Salford Central, Salford Crescent, Eccles & Salford Quays allowing easy access to commuters.

Investment Information

Full Address: 11 Rostherne Street, Salford M6 5GU

Asking Price: £280,000

Number Of Bedrooms: 4

Rentals Information: Currently generating £2,100pcm ( £25,200 per annum)

Single Room: £500pcm

Single Room: £500pcm

Double Room: £550pcm

Double Room: £550pcm

HMO planning permission approved for the property. This was issued on the 24/11/2023

Expenses:

Gas (fixed): £32pcm

Electricity (fixed): £32pcm

Water (fixed): £30.76pcm

TV License: £13.25pcm

Internet (fast speed): £39.81pcm

Council Tax: £111pcm

Insurance appliances: £23.74pcm

Total: £282.56pcm (£3,390.72 per annum)

All the contracts have a fair usage clause. Any excess of usage above £8 per fuel per person is chargeable.

The water is charged on a fixed meter.

All Tenants self-clean the communal areas.

Net Income: £21,809.28

Gross Yield: 9.0%

Net Yield: 7.8%

Tenure: Freehold

Tenant Information: Majority of the tenants are working professionals. Occasionally a mature postgraduate student may be in place.

Pure Investor have a local HMO letting agent to provide a quotation for managing the property.