Established Tenanted Student/ Young Professional Houses Established Tenanted Student/ Young Professional Houses
Greater Manchester
Manchester
Prices From £210,000
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Established Tenanted Student/ Young Professional Houses

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Established Tenanted Student/ Young Professional Houses

This is one of the best cash-positive income-generating investments we have made available to our clients for some time. These houses are in top letting areas across the country, that are tenanted and newly refurbished or newly built.

Properties are located in top letting areas including Fallowfield and Rusholme.

High-yielding, refurbished houses in prime areas with demand for student accommodation booming and student rents rising significantly

Gross yields of up to 10%

Freehold title with no service charges.

Property can be further enhanced to meet the descerning investor.

Hands-off letting and full management service with each property

All houses are let on a single AST contract with parents acting as guarantors - If one student pulls out the others on the agreement must pay the rent shortfall

Commercial mortgage rates apply to this type of residential investment - typically 60-65% LTV available (subject to status)

Typical rents of 67-85 per room per week

Fantastic capital and rental growth in these student and young professional areas of Manchester

The houses are rented and managed on your behalf by a very experienced student letting agency and many already have tenants signed up before they are completed. Rents per room are typically 65-80+ per week and the properties show a surplus over the mortgage payments in the first year making the investments cash flow positive (see typical investment analysis further down).

Decoration or refurbishment is carried out where the opportunity to optimise rents exists. Even if property is currently tenanted some works may still be recommended and it will often be possible to do this without the tenants moving out.

Some properties are recently refurbished or are indeed brand new and therefore need no work.

The purchase price normally includes furniture and white goods.

We follow a critical path to ensure maximum rents are achieved per room. Often additional bedrooms will be built in the loft space and elsewhere in the house to maximise rental income from the property and deliver additional property value - accommodation extended where the opportunity to improve rents exists within the original property

The investor can acquire the property with all of this work carried out.

What works are required to make the property compliant?

We work with the specific HMO compliance officers and advise on specific works so that costs are managed.

This is an excellent investment opportunity with renovations (where required) carried out to a very high standard. We have only a limited number of properties available for purchase each month and we operate a waiting list.

Demand is significant for these properties but there are only a limited number available per month so please enquire quickly in order to acquire one of these units.

Property Summary


  • High yielding HMO houses in prime Manchester suburbs - for students and young professionals
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Established Tenanted Student/ Young Professional Houses Established Tenanted Student/ Young Professional Houses Established Tenanted Student/ Young Professional Houses

 

Enquire

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By registering your details with us we will send you regular updates about property investment news and opportunities from Assetz. You can amend your preferences at any time by visiting http://www.assetz.co.uk/full_registration.html. We will not share your information with any third parties. Please see our privacy policy for more information.

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By registering your details with us we will send you regular updates about property investment news and opportunities from Assetz. You can amend your preferences at any time by visiting http://www.assetz.co.uk/full_registration.html. We will not share your information with any third parties. Please see our privacy policy for more information.
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Risk Warning and Disclaimer :
The price of property can go down as well as up. Historic performance should not be taken as a guarantee of future performance. Geared property investment with mortgages can increase risk of losing money as well as increasing the possible gains. Mortgage products referred to in the website can be withdrawn by the lender or have rates or other terms changed without notice and reference to any products does not imply they are certain to be available in the future. Mortgages referred to may also have certain applicant restrictions and are for indicative purposes only although reasonable endeavours have been used to ensure that they are available at the time of publication and are applicable to a significant number of our purchasers. This site is for information purposes only and nothing on this site should be taken as definitive investment advice for your particular situation without you seeking additional guidance directly from ourselves or from other finance and property professionals. Property particulars on this site do not form part of an offer or contract. The developer and Assetz for Investors Ltd, whilst endeavouring to ensure complete accuracy in these property particulars, cannot accept liability for any errors. Valuations of property or indicated rents achievable are either estimated or derived from valuations and/or comparables and can change and should not be relied upon without your own additional valuation and research, but we have carried out reasonable endeavours to achieve accurate indications for these figures. All descriptions, dimensions, areas, reference to condition and, if necessary, permissions for use and occupation and their details, are given in good faith as provided by the developer and are believed to be correct. However, these are subject to change, especially, but not wholly, relating to any property that is off-plan or not yet complete. Any intending purchaser should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to their accuracy. The onus is on each individual investor to undertake their own due diligence, enquiries and inspections. Where shown, net yields are calculated as rental income less expected service charges less expected ground rent as a percentage of the property price. No void periods, optional letting agent costs, repairs or other costs are deducted. Our standard Terms and Conditions of Sale will apply. E. & O. E.

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