Terraced house for sale in Glodwick & Brompton House, 141 Brompton Street, Oldham OL4
* Calls to this number will be recorded for quality, compliance and training purposes.
Property features
- 2 Beautifully Presented Properties
- 11 Rooms In Total, Including All Ensuite/ Some Kitchenette
- Gross Income £88,080.00 pa
- Centrally Located in Oldham With High Demand For Co-Living/HMO
- Comprehensive, High-Specification Refurbishment Completed In 2023
- Fully Licensed and Compliant
- Independent RICS Valuation Report
- Income Producing From Day One
- 3 Year Fully Repairing and Insuring Company Let Available
- Yielding 7.5% Yearly Return After All Costs With No Void Periods
- Market Rents Are Also An Option On This Property On A Gross Yield Of 11%
- On Road Parking
- Buyer's Fee Applies
Property description
Introducing two fantastic investment properties – two recently refurbished HMOs offering comfortable and contemporary living. Nestled in a sought-after neighbourhood and offering lucrative returns. Consisting of 2 properties renovated from a former leisure centre, there are 11 rooms in total, each with its own kitchenette and ensuite, as well as shared living areas, the property offers both privacy and the ability to coercively share these well presented spaces. Finished to a high standard, each HMO presents a combination of modern aesthetics and practicality, offering tenants comfort and convenience. With their strategic locations and good quality renovations, these two HMO properties set a good standard for shared accommodations.
Situated in Greater Manchester, this vibrant area offers a range of facilities. With convenient access to major transport networks including the M60 motorway and Oldham's well-connected public transportation system. The local area offers a diverse range of amenities, including shopping centres, supermarkets, restaurants, and leisure facilities. The area is known for its rich history and cultural heritage, as well as beautiful parks and green spaces scattered throughout the area.
Income:
Glodwick - Room 1 £550 / Room 2 £550 / Room 3 £550 /
Room 4 £550 / Room 5 £550 / Room 6 £550 /
Total; £3,300 pcm / £39,600 pa
Brompton House - Room 1 £800 / Room 2 £800 / Room 3 £840 /
Room 4 £800 / Room 5 £800
Total; £4,040 pcm / £48,480 pa
Combined Total pcm £7,340 / pa £88,080.00
Combined Expenditure:
Electric £516.66 / Water £58.33 / Council Tax £287 / Broadband £60 / Cleaner £130 /
Total; £1,051.99 pcm / £12,623.88 pa
*Existing management can be retained for 8% of the gross rent
Buyer's Fee Applies
Property info
For more information about this property, please contact
Invest in HMOs, HD8 on +44 1484 973126 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Invest in HMOs, and do not constitute property particulars. Please contact Invest in HMOs for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.