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Property Details: • Type: Terraced • Tenure: Leasehold • Floor Area: N/A
Key Features: • HMO property investment • Four bedrooms with two ensuites and one shared bathroom between two rooms • Below the 5 bedroom threshold for needing a HMO licence • Expected annual rental income of £24,540 • Expected gross yield of 12.27% • Property is in the process of being furnished
Location: • Nearest Station: N/A • Distance to Station: N/A
Agent Information: • Address: The Lightwell, 61-63 Brown Street Manchester M2 2JG
Full Description: Key Investment Highlights * Fully Compliant 4-Bedroom HMO (HMO licence isn't required due to only being a four-bed and not a five or above) * Two Ensuite Bedrooms * Strong Rental Demand Area * Projected Gross Yield: 12.27% * Modern Finish with Rear Extension & Large Communal Kitchen/Diner * Turnkey Opportunity - Ready for Letting * Property Will Be Sold Furnished ________________________________________ Property Overview This beautifully refurbished 4-bedroom HMO is ideally located in the popular town of Clayton-le-Moors, along the Burnley investment corridor. Thoughtfully designed to suit professional tenants, the property features: * Bedroom 1 (Ground Floor) - Ensuite - £525pcm * Bedroom 2 (First Floor) - Ensuite - £550pcm * Bedroom 3 (First Floor) - Shared Bathroom - £475pcm * Bedroom 4 (Second Floor) - Shared Bathroom - £495pcm * Family Bathroom (First Floor) with bath and overhead shower * Extended Rear Kitchen-Diner - spacious and modern for shared living * Fully updated electrics, gas safety, and fire safety compliance * Contemporary fixtures throughout ________________________________________ Rental Income & Yield Calculation Room Monthly Rent Annual Rent Ground Floor (Ensuite) £525 £6,300 First Floor (Ensuite) £550 £6,600 First Floor (Shared Bath) £475 £5,700 Second Floor (Shared Bath) £495 £5,940 TOTAL £2,045 £24,540 Total Annual Rent: £24,540 Purchase Price: £199,950 Gross Yield: 12.27% Expected Outgoing Cost At 25% Of Gross Income: £6,135 Net Income: £18,405 Net Yield: 9.2%
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