Memorial Road, Worsley, Manchester
- PROPERTY TYPE
Block of Apartments
- BEDROOMS
7
- BATHROOMS
7
- SIZE
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- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- TENANTED INVESTMENT PROPERTY
- Seven self contained studio apartments
- Two communal kitchens
- Freehold (Unconfirmed)
- Modern specification
- Sold furnished
- Hands off investment with experienced management company
- Short commute into Manchester City Centre
- 7.8% NET yield
- Invest today
Description
Offered to the market as a ready-made investment, this beautifully converted HMO property presents a fantastic opportunity to acquire a up and running HMO investment. The property is well located within a short commute to a variety of locations throughout Manchester. The property consists of 7 X self contained studio apartments of varying sizes as well as 2 X communal kitchens and utilities. The property is licensed via Salford council.
This style of investment is high in demand in the and provides a great opportunity for an established investor to expand their portfolio.
A look inside the property:
The property briefly comprises: To the ground floor; 3 X self contained studio apartments, 1 X communal kitchen with washer / dryer facilities.
To the first floor; 3 X mezzanine split level apartments and 1 X single level studio apartment and 1 X communal kitchen with access to further washing and drying facilities.
Externally there is a locked bin store which is shared with a neighbouring property.
Location - Location:
Memorial Road is located in Walkden, Greater Manchester and just a stones throw from the proposed £15 million redevelopment of walkden town centre recently announced by Salford Council. The town benefits from being a short commute from the thriving Manchester City Centre, whilst also offering investors significantly improved returns on their investment. It's a great time to be looking to invest in this town as prices and rents are likely to increase over the coming years as Manchester booming property market continues to develop.
As the site is just 5 minutes walk from Walkden train station, residents will benefit from direct rail links to Manchester Victoria (18 minutes) as well as Wigan (23 minutes) and various other locations. Tenants also benefit from a well linked bus stop on the doorstep of the building and all the local amenities Walkden has to offer.
Points of interest:
- Walkden train station: 5 minutes walk
- Walkden town centre: 3 minutes walk
- MediaCityUK: 21 minutes drive
- Trafford centre: 14 minutes drive
- Manchester Victoria station: 18 minutes train
Financial Breakdown - Occupancy: Tenanted
Tenure: Freehold (Please confirm with your solicitor)
Gross rent: £66,300
Gross yield: 10.2%
Wifi: £720PA
Utilities: Approx. £4200PA
Council tax: Approx. £2841
Lettings management: £6930PA
Water: £1200PA
Buildings insurance: £700
NET income: Approx. £50,429PA
NET yield: Approx. 7.8%
**Please note these figures are provided as a guide only based on the figures the current owner has provided us. These should be used as a guide only and we encourage any interested party to conduct independent research prior to committing to an offer. Please contact our office should you wish to discuss**
Brochures
Memorial Road, Worsley, ManchesterBrochure- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
- Band: E
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Ask agent
- GARDENA property has access to an outdoor space, which could be private or shared.
- Ask agent
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
Memorial Road, Worsley, Manchester
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Visit our security centre to find out moreDisclaimer - Property reference 33474891. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by The Lettings Club Limited, Bradford. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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