Terraced house for sale in Broom Street, Swinton, Manchester M27

Property located in Broom Street, Swinton, Manchester

*investors only*

We are delighted to offer for sale this fully licensed and functioning 5 bedroom House of Multiple Occupancy (HMO) just in the popular residential area of Swinton, Salford with good links to all major transport networks, major motorways and local amenities.

The property has had substantial conversion work undertaken to create a 5 bedroom HMO with all of the rooms having an en-suite shower room with hand basin, W/C and walk in shower cubicle.

Currently the property is generating a guaranteed monthly rental income of £1,635.85 through a secure contract with the local housing authority with an additional income of £95pcm per tenant which is charged to offset payment of utilities and council tax.

This is a great 'turn key' opportunity to purchase a licensed HMO which will be generating an income and delivering a return on your investments from the day the property is purchased.

Briefly, the property comprises of:

Basement: Fully converted to encompass a double bedroom with an en-suite shower room and storage facilities

Ground Floor: Entrance Hallway; 1 x double bedroom with en-suite ; communal lounge/diner; communal kitchen & Conservatory/Utility Room

First Floor: Landing; 3 x Double bedrooms with en-suites;

Externally: Small paved area to front; good sized garden to rear mostly laid to lawn enclosed by wooden fence surrounding the perimeter.

EPC Rating: C

Council Tax: Band B (£1,721.63 p/a)

Tenure: Freehold (includes a flying freehold)

*A buyer's premium of 1% + VAT, (subject to a minimum of £2,995+VAT) of the agreed sale fee applies to this property, £995 + VAT of which must be paid to secure the property and the remainder is payable upon exchange of contracts. Terms and conditions apply, please see the 'Buyer's Premium' page on our website for more information.