Auction House / Manchester
  • For Sale By Unconditional Online Auction
  • Guide Price* : £180,000+
  • Auction Ended 30/04/2024
  • Lot 7

2 Wilfrid Street, Swinton, Manchester, M27 6AN

FOR SALE BY ONLINE AUCTION ON TUESDAY 30TH APRIL 2024

Description

ATTENTION LANDLORD INVESTORS!

A fantastic opportunity to purchase this recently renovated, fully let four bedroom HMO achieving an income of £1,733.33 per month, which produces an attractive yield of over 11% when based on the guide price. The property has a five-year lease (with a two-year break clause, and rent increases included) from January 2024 and is providing a much needed solution for people in need of accommodation through Ready 4 Homes CIC.

Internally accommodation comprises entrance hall, ground floor bedroom, communal area and shared kitchen, to the first floor are a further three bedrooms and shared shower room. Externally there are patios to the front & rear. The property is situated in a popular area offering easy access to shops and transport links.

Please note that the implementation of Article 4 legislation in Swinton is scheduled for November 2024. Hence, this prime location presents an excellent investment opportunity as the future of HMOs will be limited. It is anticipated that this restriction will positively influence HMO valuations.

Accommodation

Entrance Hall
Communal Space/Kitchen
Bedroom 1
Bedroom 2
Bedroom 3
Bedroom 4
Shower Room

Council Tax Band

A

Lease Start Date

27/07/1970

Lease Duration

999 years (945 years unexpired)

Lot Type

Residential

EPC Rating

D

EPC Rating

67

Important Notice to Prospective Buyers

We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.

Administration Charge

0.9% inc VAT of the purchase price subject to a minimum of £1,500 inc VAT.

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* Guide | £180,000+
  • 4 Bedrooms
  • Unconditional (Immediate Exchange)

Call the team on 0161 925 3254 for more information

Floor plan Request more info
Unconditional Sale Terms & Conditions
Finance available on this property
Find out more

Related Documents

Disclaimer: The map preview provided above is for general guidance only and may not accurately reflect the exact location or surrounding buildings. Prospective buyers and interested parties are strongly advised to independently verify the precise location and surroundings before bidding.

Note

  1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
  2. General : While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
  3. Measurements: These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.
  4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
  5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER AUCTION HOUSE NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.