Overview

A rare opportunity to acquire a high‑performing, fully licensed 6‑bed HMO generating strong, consistent returns.
Located in a popular rental area of Oldham, this exceptionally well‑maintained property is fully tenanted, professionally managed, and offers investors a turnkey income‑producing asset from day one.

The property comprises six spacious ensuite bedrooms, high‑quality communal facilities, and a private rear garden, making it an attractive and sustainable option for long‑term tenants.

Key Investment Highlights

• 6 Bedroom / 6 Ensuite HMO
• Fully Tenanted with no voids
• Strong Gross Yield: 12.62%
• Net Yield: 10.19%
• Exceptionally well maintained throughout
• Popular location close to transport links, amenities, and employment hubs
• Ideal turnkey investment with minimal ongoing management requirements

Property Layout

Ground Floor

• Bedroom 1 – Ensuite
• Bedroom 2 – Ensuite
• Large Communal Kitchen (well‑equipped and maintained)
• Rear Reception Room
  • Provides additional communal living space
  • Opens onto the private rear garden

First Floor

• Bedroom 3 – Ensuite
• Bedroom 4 – Ensuite
• Bedroom 5 – Ensuite

Top Floor

• Bedroom 6 – Ensuite (Premium Room)
  • Larger floor space
  • Higher rental rate due to added privacy and size

Current Rental Income

Total Monthly Rental Income: £3,680

Total Annual Gross Rental Income: £44,160

Operating Costs

Total Monthly Costs: £708

Net Monthly Income: £2,972

Net Annual Income: £35,664

Investment Performance

• Gross Yield: 12.62%
• Net Yield: 10.19%
• Minimal void risk due to high demand for ensuite HMO rooms in this area
• Strong tenant profile and stable occupancy

Location Benefits

23 Carnarvon Street is ideally positioned within a thriving rental market, benefitting from:

• Excellent access to Oldham town centre
• Nearby tram and bus connections into Manchester
• Local shops and amenities within walking distance
• Proximity to multiple employment centres
• Strong, long‑term demand for high‑quality HMO accommodation

This combination of convenience and local infrastructure has supported consistently high occupancy and makes the property appealing to a wide tenant demographic.

Why This Investment Stands Out

• Modern, fully compliant HMO – reduces risk and enhances long‑term value.
• Ensuite rooms throughout – premium specification ensuring strong demand.
• Turnkey asset – immediate income with no refurbishment required.
• Stable returns – proven rental history and competitive yields.