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Investment Property Salford [SAL6]

BRIEF OVERVIEW

investment property Salford
This investment property in Salford is to be renovated and converted to student accommodation offering 6 bedrooms, 2 bathrooms, WC,  kitchen and a shared communal area.

It is on a quiet residential street within close proximity to the university, city centre, train station & local amenities.

MISTORIA 5* SPECIFICATION

All properties are renovated to a 5* specification through our group company Mistoria Renovations.

  • In-house team of highly experienced and qualified construction professionals and tradesmen.
  • All work is fully guaranteed, certified and quality assured.
  • Highest quality materials at competitive prices guarantees all projects are completed to the highest specifications, to budget and on time.
  • A professional finish will differentiate your investment from the rest, in addition to significantly increasing the base value of your property.
ASSET FINANCIAL INFORMATION
AQUISITION COST £175,000
Paid on legal completion.
END VALUE BASED ON A HMO £200,000
HMO = Houses in Multiple Occupancy
*Independent RICS valuation
NET RENTAL INCOME £19,656
Gross rental income less voids, management charges and all bills.
ROI (Return On Investment) 11.23%
LOCATION INFORMATION

This property is located in the Salford area of Greater Manchester. This area is well known for students and professionals and is extremely close to the University of Salford and the new Media City location.

There is an excellent tram and bus route from many areas of Salford to the City Centre.

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