Furness Road, Fallowfield, Manchester

SIX BEDROOM LICENSED STUDENT HMO | FALLOWFIELD, MANCHESTER

£43,679.52 ANNUAL RENTAL INCOME | 9.01% GROSS YIELD | FULLY OCCUPIED

A substantial six-bedroom student HMO in the heart of Fallowfield, offering an established rental income and an attractive investment opportunity within one of Manchester's most recognised student residential locations.

Currently occupied by six students and generating £3,639.96 per calendar month (£43,679.52 per annum), the property produces a gross rental yield of approximately 9.01% based on the asking price of £485,000. An existing HMO licence is in place for six occupants.

Arranged over three floors, with an additional basement, this traditional red-brick property combines generous accommodation, period character and practical communal facilities, together with an enclosed rear courtyard.

THE PROPERTY

The accommodation is arranged across three floors and comprises six bedrooms, a spacious communal living room, separate fitted kitchen with dining area, bathroom and shower facilities, together with a basement and enclosed rear courtyard.

The property retains attractive period characteristics, including high ceilings, bay windows and architectural detailing, contributing to its character and appeal.

Communal Living Room

The generously proportioned communal living room benefits from a large bay window, providing natural light and ample space for comfortable seating and entertainment. This dedicated shared space offers residents somewhere to relax and socialise away from their bedrooms.

Kitchen & Dining Area

The separate kitchen is fitted with a range of wall and base units, worktop surfaces, cooking facilities and space for appliances, together with room for a dining table, providing a practical setting for everyday shared living.

Six Bedrooms

The six bedrooms are distributed across three floors, offering a variety of sizes and layouts with space for essential bedroom furnishings, storage and study areas.

Several rooms retain attractive period characteristics, while the upper floor includes a spacious attic bedroom with a roof window and sloping ceilings.

Bathroom Facilities

The property benefits from a bathroom incorporating a panelled bath with overhead shower, wash basin and WC, together with separate shower facilities.

All bedrooms also benefit from individual wash basins, providing additional convenience for residents.

Basement

The property also includes a basement, providing additional ancillary space beneath the main accommodation.

Currently in an unfinished condition and requiring attention, the basement is not presented as habitable accommodation. Any proposals for improvement or alternative use would be subject to the space's condition, suitability and any necessary consents.

Prospective purchasers should undertake their own investigations into its condition, including any damp or moisture-related issues.

Outside Space

To the rear is an enclosed courtyard, providing private outdoor space for residents.

LOCATION & LIFESTYLE

Fallowfield is one of Manchester's most established student residential neighbourhoods, particularly popular with students attending the University of Manchester and Manchester Metropolitan University.

The area offers a wide selection of amenities, including supermarkets, independent cafés, restaurants, bars, convenience stores and leisure facilities, contributing to its vibrant atmosphere and longstanding appeal among Manchester's student population.

Wilmslow Road provides frequent public transport connections towards Rusholme, the university campuses and Manchester city centre, making everyday travel convenient for residents.

Nearby Platt Fields Park offers extensive green space, walking routes and recreational facilities.

The combination of established student demand, convenient transport connections, local amenities and proximity to Manchester's universities continues to support Fallowfield's appeal as a student rental location.

INVESTMENT OPPORTUNITY

This established six-bedroom student HMO represents an attractive opportunity for investors seeking an income-producing property within Manchester's student rental market.

The property is currently occupied by six students, with an existing HMO licence in place for six occupants.

Current Investment Details

Asking Price: £485,000

Monthly Rental Income: £3,639.96

Annual Rental Income: £43,679.52

Gross Rental Yield: 9.01%

Current Occupancy: Six Students

HMO Licence: Six Occupants

With an annual rental income of £43,679.52, the property offers a gross yield of approximately 9.01% based on the asking price, before operating expenses.

Its established student letting use, six-bedroom configuration, dedicated communal accommodation and location within one of Manchester's principal student residential areas are important features supporting its investment appeal.

There is also potential for future cosmetic improvement and modernisation of the existing accommodation, subject to any necessary consents. The basement provides additional ancillary space, although its condition and suitability for any proposed use would require further assessment.

Further information regarding the current tenancy arrangements, rental schedule and HMO licensing documentation is available upon request.

ARRANGE A VIEWING

For further information about this investment opportunity, including tenancy details, rental income and HMO licensing documentation, or to arrange a viewing, contact The GEA – Your Trusted Property Partner.

CONSIDERING SELLING A PROPERTY?

Every property deserves considered marketing.

If you're thinking of selling a property in Manchester or the surrounding area, The GEA can provide a complimentary, no-obligation market appraisal and discuss how best to position your property for sale.

With extensive experience in residential sales, investment properties and student HMOs, we combine market knowledge, professional presentation and a tailored marketing approach to help our clients achieve the best possible outcome.

Whether you're selling your home, reviewing an investment portfolio or considering the disposal of a tenanted property, our team can provide informed, practical advice tailored to your circumstances.

Contact The GEA to arrange your free property valuation.

IMPORTANT INFORMATION

These particulars are intended as a general guide and do not constitute any part of an offer or contract. All descriptions, measurements, photographs and other information are provided in good faith but should not be relied upon as statements of fact. Prospective purchasers should independently verify all information material to their purchase, including the property's condition, accommodation, tenancy arrangements, rental income, HMO licensing, planning permissions and regulatory compliance.

The quoted gross rental yield is calculated using the current annual rental income and asking price, before deductions for management fees, maintenance, insurance, void periods, finance costs, taxation and other operating expenses. Future rental income and investment returns are not guaranteed.

The basement is ancillary space and is not represented as habitable accommodation. Its condition and suitability for any proposed use should be independently assessed.

The existence of an HMO licence should not be taken as confirmation of any separate planning consent. Prospective purchasers should verify the licence conditions, expiry date and any applicable planning requirements with the relevant authorities.

Some photographs may have been digitally enhanced or virtually staged for marketing purposes. Such images are illustrative and may include furnishings or decorative items not included in the sale. Purchasers should rely on their own inspection to establish the property's actual condition and specification.