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Wellington Road South, Stockport, Greater Manchester, SK2

PROPERTY TYPE

Detached

BEDROOMS

8

BATHROOMS

8

SIZE

2,013 sq ft

187 sq m

TENURE
Describes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.

Freehold

Floorplan 1
1

Key features

  • 8 Bed 8 En-suite HMO
  • Fully let to Professional Tenants
  • £72,060 Gross Annual Rent
  • HMO License and Planning Permission in place
  • Turn-Key Investment
  • High-Spec Finish

Description

This detached HMO property comprises of 8 Bedrooms and 8 En-Suites (in each room) and is set over 3 floors having been extended both to the rear and in the loft to create a GIA of 187m2.

The property currently generates £72,060 gross annual rental income at an average of £750pcm per room, a strong rent showing the quality of the refurbishment and the demand for large rooms with en-suites in the area.

The property is currently fully let to 8 professional tenants, all on AST Contracts. The property has been fully let since its initial conversion and has always had strong tenant demand.

This generates a 10.67% gross yield in what is a highly desirable area for both tenants and homeowners alike.

The property was previously a dental practice but had sat vacant for years before the current owners got full planning permission to convert from commercial to an 8 unit House of Multiple Occupancy (planning reference DC/086361), which included a rear extension and loft extension.

The result is a brand new, high-spec HMO that will provide a completely turn-key investment for a new investor who will be able to rest easy in the fact the property has been taken completely back to brick & renewed.

Brochures

Brochure 1
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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Wellington Road South, Stockport, Greater Manchester, SK2

Approximate location
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Extension potential
Recently sold & under offer
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About StudentHive, Cheadle

Eden Point Three Acres Lane, Cheadle Hulme, Cheadle, SK8 6RL

StudentHive believe in doing one thing exceptionally well & for us that's selling student investment property. We specialise solely in the student sector which has made us experts in the field, helping our clients maximise their returns when it comes to selling their student property.

So whether you're a landlord looking to sell or an investor looking to buy we're the agent to trust when it comes to student property.

We are based in Manchester but sell property throughout the UK - with a particular focus on Russel Group University Cities.

Your mortgage

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Years
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Monthly repayments
£3,140
We think you can borrow up to
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Disclaimer - Property reference WELLINGTONRDS. 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 StudentHive, Cheadle. 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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