Latest Valuation
£
ROCE
%
Location
Manchester

Low Maintenance Tenanted 5 Bed HMO with Great Cashflow

Purchase the property and benefit from the excellent monthly cashflow and capital appreciation in Manchester.
Guide Price
£285,000

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Key Features

  • All rooms tenanted
  • 9.5% yield
  • Great monthly cashflow
  • Great location for capital appreciation
  • 15% ROI
  • Good location in Manchester

The Property

Sourced are thrilled to present this low maintenance tenanted 5 bed HMO with great monthly cashflow.

Good purchase price
Excellent cash flow
Management available
All 5 double bedrooms tenanted
Low maintenance.

Purchase price: £285k
Deposit: £71,250
Legal fees: £2k
Sourcing fee: £5k
Stamp duty: £8,500
Total = £86,750

Monthly rent: £2,250 (£450 per room, achievable & conservative)
- voids £112.50 (5% gross rent)
- £300 bills / £445 mortgage £745

Self managed cash flow: £1,392.50
Annual rent self managed: £16,710
- £270 management 10% + VAT
Managed cash flow: £1,122.50
Annual profit: £13,470

ROI = 15%
Managed profit: £13,470
Money down: £86,750 m
Yield: 9.5%

Selling Office: Manchester Central

Planning Information

N/A

The Plan

This 5 bedroom HMO is located in a great location.

All 5 bedrooms tenanted.

Excellent cash flow with management team all ready in place.

Purchase the property and benefit from the excellent monthly cashflow and capital appreciation in Manchester.

The Financials:

Purchase price: £285,000
Sourcing fee: £5,000
Monthly rent: £2,250 pcm
Fully managed cash flow £1,122.50 pcm
ROI: 15%
Yield: 9.5%

The Location

10 minute drive from the city centre and has good access by public transport too.

Average estimated value for a house in M7 2HQ

£

Property is priced below current market value for a 5 bed in this area.

Market value: £295,000.

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