FOR SALE 4 BED HMO IN SALFORD CLOSE TO UNIVERSITY POPULAR LOCATION
York, North Yorkshire
HMO Property Designs
Posting for 13+ yearsSee all ads
- 16 mins ago
- Seller Type
- Property Type
- Number Of Bedrooms
• This property is in a popular area of Salford with the University of Salford just a 16 minute walk away.
• In the heart of the student district, close to the student union, shops and all amenities.
CHOOSE SALFORD : GREAT VALUE FOR MONEY : EXCELLENT POTENTIAL GROWTH RATE: FANTASTIC RETURNS
• The University of Salford has over 21,000 students and the demand for shared houses in the area is high.
• With years of experience and a solid track record in student accommodation we are able to recognise that there is currently a very limited number of bespoke, fully licenced, and regulated student properties available. This creates a fantastic niche opportunity and excellent opportunities for high yields.
• Our success rate in Salford includes over 500 rooms fully occupied.
THE FINISHED PRODUCT
• All rooms will be rented at £105.00 per person per week.
• Fully regulated and compliant with the local council and passed for university accommodation approval.
• Completed including University required extras such as full fire safety accreditation. This comprises of interlinked smoke alarms in all rooms, emergency lighting systems, appropriate fire panels and heat sensors.
Gerald Road - Salford
4 bed, 2 bathroom HMO
with Net returns from 15.07%
Gerald Road - Financial Breakdown – 4 Bedroom – 2 Bathrooms
Purchase Price: £195,000
Deposit: £42,000 - Finance (85% LTV based on 180k bricks and mortar Valuation)
Set up costs inc VAT - £13,615.50
Legals - £1,400.00
Stamp duty - £6,500.00
Survey - £750.00
Total Project Cost: £219,265.50
Total Cash outlay required from investor : £66,265.00
Rental Income: £105.00 PPPW (Ensuite) x 4 net of bills (water, gas, electricity) = £21,840.00 per annum net (based on 4 bedroom – 4 bathroom)
Management: £2,870.40 approx. - 10% + VAT fully managed
Annual mortgage cost/: £8,982 approx.
TRUE NET INCOME: £9,987.60 per annum
NET RETURN ON INVESTMENT: 15.07% per annum
Do not hesitate in contacting us on 0161 230 3367 if you require any further information.
Ad ID: 1419553307VAT number: 297930058
This advertisement and the information related to it are provided and maintained by the advertiser. Gumtree.com is not responsible and can not guarantee the accuracy or completeness of this advertisement. Please note that every advertisement for rent or for sale should at a minimum, display the energy performance rating of the property. See our Flats and Housing Posting Rules for more information.
"Be wary of buyers asking to use 'Gumtree delivery' or 'Payments on Gumtree' for anything other than private cars"
"Gumtree does not offer delivery or payments for anything other than private cars; requests from Whatsapp or SMS could be scams"
1 of 8