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7 bedroom terraced house for sale
Egerton Road, Manchester
£500,000
Egerton Road, Manchester
£500,000
Our Summary
- INVESTMENT OPPORTUNITY - PRIME HMO PROPERTY IN THE HEART OF STUDENT CENTRAL, FALLOWFIELD Guide Price: £500,000ATTENTION ALL INVESTORS
- Proven Rental Income & Growth PotentialCurrent Gross Income: £38,371 per annumProjected Income Post-Refurb (7 Bed): £50,580 per annumPotential Income (9 Bed Conversion): Up to £65,032 per annum Refurbishment RequiredThe property is in need of a full refurbishment - a blank canvas for investors to unlock its full earning potential
- With ample space to reconfigure and extend (subject to planning), the opportunity to increase to a 9-bedroom HMO makes this an even more attractive proposition
- Key Features:Fully licensed HMO7 current bedrooms, potential for 9Established rental historyExcellent yield potentialStudent central location Ideal for seasoned investors or first-time buyers looking to enter the high-demand student rental market
Description
This investment opportunity presents a rare chance to acquire a fully licensed 7-bedroom HMO property in the heart of Fallowfield, Manchester's student hotspot. The property is situated in a prime location, just a stone's throw from local amenities, transport links, and major universities, ensuring consistent high rental demand year after year. The current gross income is £38,371 per annum, with potential to increase to £50,580 per annum post-refurbishment and up to £65,032 per annum with a 9-bedroom conversion. The property requires a full refurbishment, offering a blank canvas for investors to unlock its full earning potential. With its excellent yield potential, this is an attractive proposition for seasoned investors or first-time buyers looking to enter the high-demand student rental market.