Top UK HMO destination in a highly sought-after part of Greater Manchester
Price From £250,000
Hands-off, fully managed HMO conversion
High average occupancy rates of 90%-plus
10-15% rental yields
6-9 month completion
10-15% rental yields dependent on purchase model and leverage
Finance packages available for initial purchase
Located in Salford, home to the BBC, ITV, Manchester United Football Club and the Lowry Hotel, our HMO opportunities are available from a highly regarded developer with a proven track record of working in popular locations throughout the UK.
Alongside our expert partner, we specialise in the acquisition of run-down properties in areas with high demand from students and young professionals. The properties are then fully refurbished and additional space is created, typically through converting two-bedroom or three-bedroom houses into four-bedroom or five-bedroom HMOs. Full HMO licensing and planning permission is acquired so the property can be run as an HMO and yield significantly more rental income.
All properties are built to a very high standard with en-suite bathrooms, fully fitted kitchens, new bathrooms and TVs with Netflix in every room. Superfast broadband, 24/7 support, and all-inclusive bills are the cherry on top.
Salford benefits from impressive transport links - Metrolink, trains & buses - which have created a high demand for low-cost HMO accommodation across a large young professional and student tenant base, and the unique location offers high-income HMOs, with high-quality tenants and genuine scope for capital gains given the proximity to Manchester city centre itself.
DISCLAIMER: All financials and ROI's are estimates and only for illustrative purposes. BuyAssociation are a marketing agent that presents direct developer and owner stock to property investors and buyers. Sales are conducted direct between the buyer and the vendor. Every care is taken to ensure that all marketing materials, prices, floor plans, visuals, brochures are correct at time of issue however these do not constitute property particulars for contractual purposes. Please be sure to check all final materials ahead of signing any purchase contract. Property prices can go down as well as up. Homes can be repossessed if you do not keep up with payments. Properties purchased off-plan or incomplete can be open to further risks and losses to buyers. We urge buyers to seek legal advice where possible and must stress that investing in property does carry risk.
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