Turnkey HMO In Salford's Student Quarter

Description

Investment Opportunity

Cromwell Road - Financial Breakdown – 4 Bedroom – 2 Bathrooms

Purchase Price: £201,000.00

Deposit: £50,250.00 (based on 25% deposit)
Buyer £10,000.00 plus vat
Legals Estimate: £1,400.00
Stamp duty: £11,570.00
Survey: £1,000.00

Total Project Cost: £224,970.00

Total Cash Outlay: £74,220.00

Projected Rental Income: £115.00 PPPW x3 net of bills (water, gas, electricity) £125.00 PPPW x1 net of bills (water, gas, electricity) = £24,440.00 per annum
Management: £3,432.00 including VAT - (10% fully managed)

Net Income: £21,008.00

Mortgage: £7,989.75

Net Income (after finance): £13,018.25



THE PROPERTY

A popular area with easy access of local amenities and the town centre is only a 6-minute walk away.

Based in the centre of the university of Salford Student Quarter.

ALL RETURNS WHERE APPROPRIATE ARE CALCULATED USING UPDATED HIGHER FORECASTED MORTGAGE RATES. WE ARE ALSO USING CONSERVATIVE PROJECTIONS FOR THE REFINANCE VALAUTIONS.


CHOOSE SALFORD: GREAT VALUE FOR MONEY: EXCELLENT POTENTIAL GROWTH RATE: FANTASTIC RETURNS

• Salford is a vibrant city with a population of around 100,000, including over 20,000 university students.

• It has excellent commuting and transport links to Manchester city centre and the wider Greater Manchester area, making it highly accessible for students and young professionals.

• The economy of Salford is strongly supported by the University of Salford, which attracts a large and growing student population driving demand for rental accommodation.

• The area has a significant shortfall of high-quality student housing and shared accommodation for both local and international students.

• In recent years, major investments in regeneration projects such as MediaCityUK, home to the BBC and ITV, have brought thousands of new jobs and boosted the local economy.

• Salford is a key hub in the Greater Manchester region’s growth strategy, with continuing development in education, media, and technology sectors supporting long-term economic stability.

• There are other important employers in health, manufacturing, and digital industries contributing to a diverse and resilient local economy.

• Salford’s strong rental market benefits from high student demand and increasing numbers of young professionals, ensuring sustained rental returns and capital growth potential.

Ad ID: 1500287152