Kershaw Road, Manchester, Greater Manchester, M35
- PROPERTY TYPE
Terraced
- BEDROOMS
6
- BATHROOMS
6
- SIZE
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Key features
- Fully Licensed HMO
- Annual Rental Income of £42,624
- Gross Yield of 12.18%
- Currently Fully Let
- Split Across 3 Well-Configured Floors
- Prime Location in Failsworth - Excellent Transport Links to Manchester City Centre
Description
* HMO License is currently under the 5 year renewal process having expired in November.
* 6 Spacious Double Bedrooms - All with Private Ensuites
* Communal Kitchen & Dining Area
* Split Across 3 Well-Configured Floors
* Broadband Included
* Prime Location in Failsworth - Excellent Transport Links to Manchester City Centre
* Professionally Managed and Fully Tenanted - Ready-to-go Investment
Tenancy Details - Strong & Consistent Rental Income
Each of the 6 rooms is currently tenanted, generating reliable income:
Room 6 £585Total Monthly Rental Income: £3,552
Total Annual Rental Income: £42,624
Outgoings (Approximate Monthly Running Costs)
Expense Monthly Cost
Broadband £30
Gas, Electric, Water £450
Council Tax £150
Cleaning £60
Total Monthly Outgoings: £690
Total Annual Outgoings: £8,280
Yield Calculations
Net Income (after outgoings):
£3,552 - £690 = £2,862/month
Net Annual Income: £2,862 × 12 = £34,344
Gross Yield: 12.18%
**The owner currently self manages - if you wanted full manage of the property the costs are approx 10% plus vat of gross rental income eg £5114.48 (10%plus vat) per annum
Net Yield: 8.4%
Location & Connectivity
Situated in the heart of Failsworth, 4 Kershaw Road benefits from:
* Excellent local amenities
* Easy access to tram and bus links into Manchester city centre
* Nearby shops, supermarkets, and leisure facilities
* Popular with professionals and students alike
Summary
This is a high-yielding, turnkey HMO investment in a well-connected part of Greater Manchester. With full occupancy, a valid HMO licence, and minimal ongoing management required, this property presents a fantastic opportunity for new or seasoned investors alike.
- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
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- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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- GARDENA property has access to an outdoor space, which could be private or shared.
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- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Energy performance certificate - ask agent
Kershaw Road, Manchester, Greater Manchester, M35
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Visit our security centre to find out moreDisclaimer - Property reference Kershaw-Road-Manchester. 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 Pure, Manchester. 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.
*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited. **This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.
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