5 Bedroom HMO

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 7% NET with scope to improve this yield further at the end of the term.

Internally the property is fully furnished and consists of entrance hallway leading to the modern fully fitted kitchen with integrated appliances and rear enclosed back yard. Each of the five double bedrooms are furnished with a double bed, chest of drawers and each containing a private ensuite complete with sink, shower cubicle and toilet.

Verney Road is located in the very popular and convenient Greater Manchester suburb of Royton. The nearest Metrolink stop is just over 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 which is perfect for working professionals. 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, such as Elk Mill retail park which is home to a wide range of popular shops and restaurants.

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.