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Terraced house for sale

Hamilton Road Portfolio, Longsight, Manchester

£650,000

Property Description

Full description

Tenure: Freehold

Lock & Parker have a portfolio of properties on the market generating an instant return. In the past all three terraced properties were rented on an HMO basis. This rental return generated over £89,424 per annum, delivering well over a 13% yield! Currently all three properties are rented on AST contracts giving any new buyer an immediate income from day one!

Should a turn key investment suit you a managing agent can be left in place looking after the properties, inspections and tenants.

1 x 8 bedroom – Mid terrace, currently rented on an AST contract at £950pm. (previously rented at £2,600 as an HMO with 7 bedrooms and 2 kitchens. Current income PA - £11,400 - Previous Income on an HMO PA £31,200

1 x 7 bedroom with three reception rooms plus basement conversion to include an extra room. Mid terrace, currently rented on an AST contract at £950PM. (previously rented at £2,600PM as an HMO) Current income PA - £11,400 - Previous income on an HMO PA £29,112

1 x 7 bedroom with three reception rooms plus basement conversion to include an extra room. Mid terrace, currently rented on an AST contract at £950PM. (previously rented at £2,600PM as an HMO) Current income PA - £11,400 - Previous income on an HMO PA £29,112

All three properties have fire doors throughout and one of the properties has a hard wired fire alarm fitted. The other two properties has mains fire alarms. These properties are all up to HMO specification for ease of returning these back to this form of income and tenancy.






Directions
From the University of Manchester it takes 7 minutes to reach Hamilton Road. Head south-east on Upper Brook St/A34 towards Brunswick St, Continue to follow A34, Turn left onto Thoresway Rd, Continue onto Stamford Rd, Turn right onto Beresford Rd, Turn left onto Farrer Rd, Turn right onto Hamilton Rd.



Property ref: 121_2508_4234554


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Listing History

Added on Rightmove:
06 September 2016

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Disclaimer - Property reference 4234554. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Lock & Parker Ltd, Alderley Edge. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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