Property Snapshot
Property Overview
We are delighted to offer this 6 bedroom HMO house in Accrington Manchester, which has been selected and fully pre-approved by the local government. All bedrooms are ensuite, 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 11.5% over 25 years. This ethical investment comes with tenant damage and maintenance cover, in a full FRI lease.
Key Facts
- Price £325,565
- 6 Bedroom HMO property
- 11.5% NET return
- £1,000 reservation fee
- 25 Year rental assurance
- CPI linked rents
- Annual rental review
- Ability to sell at any time
- Tennant damage cover
- Maintenance cover
- Housing association backed
- No void periods
- Desirable location
- Stress free investin
25 Year Cash Flow Example
- Purchase price £325,565
- Annual income £37,440
- Monthly income £3,120
- Year 1 rent £37,440
- Year 25 rent £60,220*
- Lease period 25 years
- Total rent received £1,199,214*
Yield forecast
- Y1 Yield: 11.5%
- Y25 Yield 18.5%
*Based on an average 2% inflation per annum
Area Highlights
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Testimonials
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.
I was a bit nervous as this was my first investment purchase. I am happy to say that this company was very good with communication and advised me throughout the entire process. I would definitely recommend them, many thanks to 365 Invest in Manchester.
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