5 Bedroom HMO Property For Sale In Stockport, Manchester.

Pure Investor is delighted to bring to the market this 5-bedroom, mid terraced property in Edgley, Stockport, Greater Manchester. Stockport has benefited from a huge 1-billion-pound investment with its main aim for the town centre to be a multi-purpose hive of activity where people can live, work, shop, and enjoy community services.

The property consists of 5 bedrooms each with en-suites. The property has been finished to a very high standard throughout with communal kitchen and living space that would be the envy of most homeowners and renters. The property comes fully furnished throughout and has a full HMO licence.

Edgeley is conveniently located a 5-minute walk from Stockport Train Station, Bus Station, and the M60 Ring-road. Presenting excellent transport links across South Manchester and into the city centre. Therefore, you have an abundance of tenants living in the area that will commute into the city centre.

Aside from the close proximity to transport links, Edgeley is also conveniently located close to lots of green spaces, such as Alexandra Park. You are also a short walk into Stockport Centre with the new wave of bars, restaurants, and independent shops opening.

In terms of the types of properties in Edgeley, there are rows upon rows of large, period terrace houses. These are perfect homes for young working professional couples and those looking to start a family. With high ceilings, generally two large reception rooms, and outside space to the rear, it ticks a lot of boxes for tenants looking to rent in Stockport.

Investment Information
Property Address: 83 Fox Street, Stockport SK3 9JY
Asking Price: £335,000
Number of bedrooms: 5
Number of bathrooms: 5
Communal living room and kitchen
The property spans over 3 floors
Full HMO licence

Current rental income: £3,030pcm (£36,360 per annum)
4 rooms paying £595pcm
1 room paying £650pcm
Gross yield: 10.8%
Expenses (pcm)
Broadband: £58.80
Council tax band B: £152.00
Water: £41.44
Gas & Electric: £300 - £500 (season depending)
Cleaning £87
Total: £739.24pcm (£8,870.88 per annum)
Net Income: £27,489.12
Net yield: 8.2%

Mortgage Finance For HMO Properties
We partner with a mortgage broker who offers a specialist service for HMO mortgages and related finance. Experienced investors will understand that mortgages for HMO are based on different criteria than your standard residential buy-to-let. In particular, the ability to secure an investment valuation for the HMO (as against a bricks-and-mortar valuation) can often be the deciding factor on whether or not you are able to proceed with the purchase.

If you are looking to invest in an HMO property, and are currently considering your options for finance, please let us know and we would be delighted to make an introduction on your behalf.