ATTENTION LANDLORD INVESTORS! A fantastic opportunity to purchase this recently renovated, fully let four bedroom HMO achieving an income of £1,733.33 per month, which produces an attractive yield of over 11% when based on the guide price. The property has a five-year lease (with a two-year break clause, and rent increases included) from January 2024 and is providing a much needed solution for people in need of accommodation through Ready 4 Homes CIC. Internally accommodation comprises entrance hall, ground floor bedroom, communal area and shared kitchen, to the first floor are a further three bedrooms and shared shower room. Externally there are patios to the front & rear. The property is situated in a popular area offering easy access to shops and transport links. Please note that the implementation of Article 4 legislation in Swinton is scheduled for November 2024. Hence, this prime location presents an excellent investment opportunity as the future of HMOs will be limited. It is anticipated that this restriction will positively influence HMO valuations.

Tenure

Leasehold

Ground Floor

Entrance Hall Communal Space/Kitchen Room 1

First Floor

Room 2 Room 3 Room 4 Shower room

Energy Efficiency Rating (EPC)

Current Rating D

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Local Authority

Salford City Council. Band A.

Additional Fees

Administration Charge - Purchasers will be required to pay an administration fee of 0.9% inc VAT, subject to a minimum of £1500 inc VAT.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.