End terrace house for sale in Wilfrid Street, Swinton, Manchester M27
* Calls to this number will be recorded for quality, compliance and training purposes.
Property features
- For sale by live stream auction on Tuesday 14th may 2024 at 12PM
- Guide price £180,000+
- Perfect route into the supported living sector
- Council tax band: A
- EPC rating: D
Property description
For sale by live stream auction on Tuesday 14th may 2024 at 12PM
*guide price £180,000+
attention landlord investors!
A fantastic opportunity to purchase this recently renovated, fully let four bedroom HMO achieving an income of £1,733.33 per month, which produces an attractive yield of over 11% when based on the guide price. The property has a five-year lease (with a two-year break clause, and rent increases included) from January 2024 and is providing a much needed solution for people in need of accommodation through Ready 4 Homes cic.
Internally accommodation comprises entrance hall, ground floor bedroom, communal area and shared kitchen, to the first floor are a further three bedrooms and shared shower room. Externally there are patios to the front & rear. The property is situated in a popular area offering easy access to shops and transport links.
Please note that the implementation of Article 4 legislation in Swinton is scheduled for November 2024. Hence, this prime location presents an excellent investment opportunity as the future of HMOs will be limited. It is anticipated that this restriction will positively influence HMO valuations.
Accommodation
Entrance Hall
Communal Space/Kitchen
Room 1
Room 2
Room 3
Room 4
Shower Room
Additional Information
Tenure
Leasehold
Disclaimer
Any information in relation to the length of lease, service charge, ground rent has been confirmed by our sellers. We advise buyers to make their own enquiries through their solicitors to verify that the information provided is accurate and not been subject to any change.
Council Tax
Band A
Charges & Payments
In addition to the deposit Administration Charge: 0.9% inc VAT of the purchase price subject to a minimum of £1,500 inc VAT
Disbursements
Any additional disbursements payable by the purchaser are yet to be confirmed by the vendor's solicitor. For more details, please see the legal pack.
Guide Price
Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure
Property info
For more information about this property, please contact
Auction House Manchester, OL2 on +44 161 506 5612 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Auction House Manchester, and do not constitute property particulars. Please contact Auction House Manchester 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.