Little Hulton, Manchester, M38, Little Hulton


Property Details

  • Price: £100,000.00
  • Location: Little Hulton
  • Region: Salford
  • Country: Manchester
  • Reference: BARO-PORT8
Little Hulton, Manchester, M38

Type: 2 bed terrace
Asking price: £100,000
Status: Vacant upon completion
Tenure: Freehold
Refurbishment Required: Yes
Estimated Rental: £675
Estimated gross rental yield: 8.10%
Estimated capital appreciation: 6% per annum
Sourcing Fee: £3000 plus VAT

Set back from the road with a large front garden including a driveway for multiple vehicles, the property is sure to be popular among tenants. There are regular bus routes, easy access to the M60 motorway, great schools and a wealth of amenities nearby.

Offered below market value, the property is expected to have a value of £130,000 in the current market and once updated internally.

The area is seeing a huge surge in demand due its close proximity to Worsley where prices are much higher - could this property be the next addition to your portfolio?

Speak to one of the Portfolio8 team today for more information on this property.

Video - Little Hulton, Manchester, M38

Return on Investment

Investment - Summary
Guide Price£100,000.00
Estimated Rental Income (pcm)£675.00
Annual Rental Income£8,100.00
Investment - Cost Breakdown (Assumed 75% LTV mortgage)
Deposit Amount (25%)£25,000.00
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:£39,600.00
Investment - Cash Flow (Assumed 75% LTV mortage)
Gross Revenue Per Month:£675.00
Minus Costs
Lettings Fee - 10% plus VAT (fully managed by Portfolio8)£81.00
Mortgage Costs (assumed 4% interest only mortgage)£250.00
Service Charge Per Year£0.00
Ground Rent£0.00
Total Costs (per month)£331.00
Total Income£675.00
Total Costs£331.00
Net£344.00
Net Return On Capital Employed10.42%

Image Gallery - Little Hulton, Manchester, M38

Front aspect
Kitchen 1
Kitchen diner
Kitchen
Lounge 1
Lounge
Bedroom
Bedroom 1
Bedroom 2
Bed 2
Shower room
Garden
Floor plan   Baro Port8.JPG
Portfolio8 - Property Investment