4 Bedroom HMO

Turf Lane, 
Chadderton, 
Oldham, 
OL9 8HL
SSTC
  • Tenanted
ATTENTION INVESTORS - A FANTASTIC HMO YIELDING 10.5% NET! NEW CENTRAL HEATING SYSTEM, REWIRE & DAMP PROOF COURSE! Fully operational and tenanted four bedroom property finished to a fantastic standard.
  • Financial Performance*
Gross rent
£22,048
Net income
£22,048
Gross yield
11.19%
Net yield
11.19%
  • Key Features
  • Fantastic opportunity for investment
  • Generating a 10.5% NET yield
  • Fully tenanted
  • HMO license not required
  • Four double ensuite bedrooms
  • High quality finish throughout
  • Excellent location
  • Close to everyday amenities
  • Unrivalled transport links
  • Enquire early to avoid disappointment

If you’re looking to add a high yielding, perfectly located HMO property to your portfolio then look no further than this incredible investment which is already fully operational and yielding 10.5% NET. Turf Lane has benefited from extensive renovation to bring it up to its current standard with no expense spared on the high-quality finish throughout as well as a brand new central heating system, electric rewire and damp proof course, all of which come with warranties! The property is sold tenanted to an assisted living company for 5 years and does not require a HMO license.

Internally the property is fully furnished consists of entrance hallway leading to the modern fully fitted kitchen with integrated appliances. Each of the four double bedrooms are furnished with a double bed, wardrobe and chest of drawers. Each room also has the luxury of a private stylish ensuite containing sink, shower cubicle and toilet.

Turf Lane is located in the very popular and convenient Greater Manchester suburb of Chadderton. The nearest Metrolink stop is just 1 mile from the property which is served by the East Didsbury to Rochdale Town Centre line, providing fast and frequent services to Manchester city centre. The nearest junction of the M60 motorway is too just a mile from the property and there are an abundance of local amenities and shops within easy reach.

Greater Manchester consistently sits among the highest performing cities in Europe and its population is ever increasing meaning there is a continuous demand for good quality rental accommodation. The city attracts a high number of young professionals thanks to the lifestyle, employment opportunities and educational facilities that it has on offer. Savills predicts average property prices in the North West region will grow by 18.8% by 2026, which is well above the average five-year growth rate for the UK (13.1%) so there hasn’t ever been a better time to invest. Enquire early to avoid disappointment.

  • Financial Performance *
Gross rent
SSTC
Net income
SSTC
Gross yield
SSTC
Net yield
SSTC
*All information is provided as a guideline only, is subject to change and does not constitute a contract. As with any investment, please remember that the value of property may go up or down.
  • Location
  • EPC
Energy Performance Rating