203 & 205 Ashton Road

Pure Investor are delighted to bring to market this fully tenanted, 7 bedroom HMO property ideally located in Denton, Greater Manchester.

One of the main benefits of this property is where it is located in Denton. It is within walking distance of Denton town centre, which is home to Crown Point retail park, which is one of the most popular retail parks of East Manchester. Tameside Wellness centre is also a short walk away which was recently developed and offers locals swimming, sauna, gym, bowling, soft play, communal spaces and educational spaces.

The M60 ring road around Manchester is a 3–5-minute drive depending on traffic. Manchester city centre is reachable either by driving which would take around 15 – 30 minutes depending on traffic, or a bus from Denton town centre which will take you directly to Manchester Piccadilly.

If you would like to arrange a viewing, please reply to this email with your proof of funds, i.e. bank statement showing cash or a copy of mortgage in principle. On receipt I can arrange a viewing for you.

Investment Breakdown

• Asking price: £450,000.00
• Current rental income: £4,225.00pcm (£50,700 per annum)
• Current tenants’ rates.
  • Room 1 £650.00
  • Room 2 £600.00
  • Room 3 £525.00
  • Room 4 £650.00
  • Room 5 £550.00
  • Room 6 £600.00
  • Room 7 £650.00
• Overall cost of outgoing: £4,400pcm
  • Council tax £150.00pcm (£1,800 per annum)
  • Utilities £220.00pcm (£2,640 per annum)
• Net income on property £46,300 per annum
• Gross yield: 11.2%
• Net yield (not including management costs): 10.3%
• Tenure: Freehold
• HMO license in place and planning for 7 beds is in place