FURNESS ROAD, FALLOWFIELD, MANCHESTER

£485,000
Property Type
House – End Terrace
Bedrooms
6
Bathrooms
2
Furnish type
Not Specified
Size
1551 sq. ft.
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Overview

  • SIX BEDROOM LICENSED STUDENT HMO
  • CURRENT ANNUAL RENTAL INCOME £43,679.52
  • ATTRACTIVE GROSS RENTAL YIELD OF 9.01%
  • FULLY OCCUPIED BY SIX STUDENTS
  • HMO LICENCE IN PLACE FOR SIX OCCUPANTS
  • ACCOMMODATION OVER THREE FLOORS PLUS BASEMENT
  • SPACIOUS COMMUNAL LIVING ROOM
  • SEPARATE FITTED KITCHEN WITH DINING AREA
  • BATHROOM, SHOWER FACILITIES & REAR COURTYARD
  • ESTABLISHED FALLOWFIELD STUDENT LOCATION

Description

SIX BEDROOM LICENSED STUDENT HMO | FALLOWFIELD, MANCHESTER

£43,679.52 ANNUAL RENTAL INCOME | 9.01% GROSS YIELD | FULLY OCCUPIED

A substantial six-bedroom student HMO in the heart of Fallowfield, offering an established rental income and an attractive investment opportunity within one of Manchester’s most recognised student residential locations.

Currently occupied by six students and generating £3,639.96 per calendar month (£43,679.52 per annum), the property produces a gross rental yield of approximately 9.01% based on the asking price of £485,000. An existing HMO licence is in place for six occupants.

Arranged over three floors, with an additional basement, this traditional red-brick property combines generous accommodation, period character and practical communal facilities, together with an enclosed rear courtyard.

EPC

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FURNESS ROAD, FALLOWFIELD, MANCHESTER

£485,000

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