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Portfolio8 are delighted to bring to the market this 2 bedroom mid terraced property. The property has been a very popular rental property for the current landlord and has throughout the past couple of years seen a large increase in the gross rental income. Swinton is one of the most saught after areas for property investors currently in the Manchester region.


Price:

£160,000.00

Gross Rent:

£9,600.00

Gross Yield:

6.0%

Tenancy Status: Vacant

Tenure: Freehold

Furnishings: Unfurnished

The Property

Bedrooms
Bedrooms: 2
Bathrooms
Bathrooms: 1
Public Rooms
Public Rooms: 2
Furnishings
Unfurnished

View Floorplan

The property consists of: Entrance hallway leading the dining room where double interior doors open out to allow access to the living room, these doors can be left open to offer a fantastic social space. To the rear of the ground floor is the kitchen which has part tiled walls, a built-in cooker with hob and a sink and drainer. There is also storage space under the stairs. To the first floor there is a good-sized family bathroom consisting of bath/shower, toilet, and sink. There are also two double bedrooms with the master bedrooms overlooking the front of the property being particularly large as well as having built in wardrobes. 

Outside consist of a small well maintained yard area which is not overlooked. 

Broomhall Rd - Investment Highlights
Asking price £170,000
Market rental figure - £800.00 pcm
Annual service charge and ground rent - n/a
Management/lettings cost per annum - £960
Freehold
Yield return of 5.6%

Lettings and Management
The property has been managed by a local agency for the past 12 months. Charges include a lettings fee of 10% plus VAT and a tenant find fee of £500 + VAT. 

Current Tenancy Status
The property is currently vacant due to the previous tenant moving out due to her purchasing her own property. The landlord will be looking to rent the property out soon for £800.00pcm

Broomhall Road - Local Amenities and Information
Located in a popular residential area
Near all local transport links
Near local amenities

Broomhall Road - Purchase Process
1. Complete a reservation from to secure the unit and provide AML documents
2. Pay £1,250.00 plus VAT (50% of sourcing fee). Additional £1,250.00 plus VAT due on successful completion.
3. Solicitors instructed
4. Balance due on completion.



Specialists in selling tenanted property for investors and landlords.

Earn rental income right up to completion.

Avoid costly void periods.

No need to evict tenants and distrut lives.

We have 1000's of investors actively seeking tenanted properties.

Portfolio8 - Property Investment

Get a question?

Our hugely experienced sales team are here to help you.

Contact Us

If you would like further details about this investment opportunity, please contact us using the form below or call us directly.

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Any Questions?

Call: +44 (0) 161 537 2727