Development Snapshot
Development Overview
We are pleased to offer this three-bedroom HMO house in Manchester, which has been selected and fully pre-approved by the local government. All bedrooms are ensuite, and there is a shared kitchen and lounge area. The property is fully renovated and includes all furniture and white goods meeting the housing provider standards. These properties are sold fully turnkey, ideal for the ´armchair` investor with a rental income of 11% NET for 25 years. This ethical investment comes with tenant damage and maintenance cover, in a full FRI lease.
Key Facts
- Price £170,181
- 3 Bedroom HMO property
- 11% NET return
- £5,000 reservation fee
- 25 Year rental assurance
- CPI linked rents
- 999 Leasehold property
- Annual rental review
- Ability to sell at any time
- Tennant damage cover
- Maintenance cover
- Housing association backed
- No void periods
- Stress free investing
25 Year Cash Flow Example
- Purchase price £170,181
- Annual income £18,720
- Monthly income £1,560
- Year 1 rent £18,720
- Year 25 rent £30,110*
- Lease period 25 years
- Total rent received £599,607*
Yield forecast
- Y1 Yield: 11%
- Y25 Yield 17.69%
*Based on an average 2% inflation per annum
Area Highlights
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Testimonials
I am very busy and do not have much spare time. I needed a company that would deal with everything for me from start to finish. I am pleased to report that 365 Invest delivered all of my expectations. I will use this company again in the future.
We as a family decided that it was the right time to invest in property. We were drawn to 365 Invest initially as their website was user friendly and easy to understand. We were not disappointed the company was also user friendly, good with communication and always there for us. We can’t thank you enough for helping us with our first of hopefully many investment purchases.
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