Offerton Lane, Hazel Grove, Stockport, SK2 7 Bedroom Semi-detached House For Sale

£325,000 Hmo investment

  • 7 Bedrooms
  • 4 Bathrooms
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Monthly repayments £0
Total cost of mortgage £0
LTV 85%
  • Large HMO Property For Sale
  • 7 HMO Rooms
  • Great Yield With The Potential To Achieve Around 8% P.A.
  • Meter System For Heating & Electricity In Every Flat
  • Parking Facility
  • 5 Bedsits & 2 Self-Contained Flats
  • uPVC Double Glazing & Gas Central Heating
  • Potential Rental Of £21,000 - £25,000 P.A.

Property Description

• Large HMO Property For Sale in Offerton, Stockport

• 7 HMO Rooms consisting of 5 Bedsits & 2 Bathrooms and 2 Self-contained flats With Bathrooms

• Potential Rental Potential of £21,000 -£25,000 Per Annum

• Great Yield With Easy Potential To Increase The Yield To Around 8%, Currently Achieving 6.49%

• Metered System for Heating & Electric In Each Flat

• Two Bathrooms Situated On Both Floors With Meter System

• Within A Short Walk For The Local Amenities. Ideally Placed For Stockport Town Centre

• Parking Facility

Property description

**INVESTMENT OPPORTUNITY** **YIELD POTENTIAL EXCEEDING 6.49%** Ian Tonge Property Services are proud to bring to market, this 7 Bedroom HMO property arranged over three floors within close proximity of Offerton village and Stockport Town Centre. This vastly extended semi-detached property provides a great yield potential for any investment purchaser. The Accommodation comprises of SEVEN rooms in total, of which there is a valid HMO license.

The Ground Floor Compromises of one self-contained flat with kitchen and bathroom, three bedsits all with kitchen facilities, uPVC double glazing and gas central heating. Communal shower Room and access to the basement.

To the first floor and second floor of the property it compromises of a Self-contained flat with staircase to bathroom, two bedsits with kitchen facilities and bathroom.

The outside of the property has parking facilities.

The property is currently producing an Annual Rental Income of £21,096 (approx.) based on 7 room lets. As some rooms have been occupied for a long time there is potential to increase the yield and exceed 6.49 % to around 8% realistically.

The property resides close to Offerton village and is within easy reach of Stockport Town Centre. Local amenities are on the doorstep and for the motorist the M60 is within a 5 minute drive, providing easy links.

Viewings are highly recommended, Please call Ian Tonge Property Services. As the flats are occupied we will only show serious investors around the building, as we don’t want to disturb the current residents.

Contact the agent

Property Reference: HAG-GJ810582LX

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Fee Information

The advertised rental figure does not include fees.