Manchester, M14, Hulme

Property Details

  • Price: £165,000.00
  • Location: Hulme
  • Region: Manchester
  • Country: Manchester
  • Reference: BRAI-PORT8
Manchester, M14

• Offers over £165,000
• Large three/four bed end terrace
• Popular with young professionals and students
• Vacant property, no onward chain
• Estimated rental of £900-950pcm
• Estimated gross rental yield of 8.7%

This spacious 3/4 bedroom end terrace property is perfectly placed for the buy to let rental market. Fallowfield is exceptionally popular with students and young professionals alike, offering quick and convenient access to the main university campus and city centre. 

The property has three bedrooms already, and the lounge offers itself as a fourth bedroom (subject to planning and local authority restrictions/permissions). Requiring a degree of updating (bathroom, kitchen, general decorating and carpets), this below market value opportunity could be a great addition to your portfolio.

For further details, contact the Portfolio8 team today!

Video - Manchester, M14

Return on Investment

Investment - Summary
Guide Price£165,000.00
Estimated Rental Income (pcm)£950.00
Annual Rental Income£11,400.00
Investment - Cost Breakdown (Assumed 75% LTV mortgage)
Deposit Amount (25%)£41,250.00
Solicitor Fees (approx. £1,000)£1,000.00
Sourcing Fee (£3,000.00 plus VAT)£3,600.00
Refurbishment Costs:£10,000.00
Total Approx. Costs:£55,850.00
Investment - Cash Flow (Assumed 75% LTV mortage)
Gross Revenue Per Month:£950.00
Minus Costs
Lettings Fee - 10% plus VAT (fully managed by Portfolio8)£95.00
Mortgage Costs (assumed 4% interest only mortgage)£412.00
Service Charge Per Year£0.00
Ground Rent£0.00
Total Costs (per month)£556.00
Total Income£950.00
Total Costs£556.00
Net Return On Capital Employed8.46%

Image Gallery - Manchester, M14

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Portfolio8 - Property Investment