Description : 11 Apr, 2023
THE PROPERTY
• 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 modation 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 pliant with the local council and passed for university modation approval.
• Completed including University required extras such as full fire safety accreditation. prises of interlinked smoke alarms in all rooms, emergency lighting systems, appropriate fire panels and heat sensors.
INVESTMENT OPPORTUNITY
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)
Refurbishment: £2,000.00
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 e: £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.
Related Articles
THE PROPERTY • 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
THE PROPERTY • 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
THE PROPERTY • 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
THE PROPERTY • 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
THE PROPERTY • 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
THE PROPERTY • 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
THE PROPERTY • 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
THE PROPERTY • 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
THE PROPERTY • 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
Will go off route if needed too, can carry cars, small vans, estates, 4x4, quads, car parts, machinery, materials etc any more info needed call or msg
26x 2.25 has wide tyre and good tread on it sold as seen NO HOLDING FIRST TO COME HAS IT NO OFFERS AND COLLECTION IS CHELMSFORD CM1-3DA AREA
'Lights On' Reminder warning buzzer, Digital clock, E-call, Electric speed sensitive power steering, Full Link Smartphone Integration with Mirror Link
Gucci Guilty 200 ml shower gel (brand new boxed). Ideal birthday/Christmas gift.