14 Highfield Road

Property Description for 14 Highfield Road, Salford M6 5JZ

Overview: A well-presented, mid-terrace HMO property located in a highly sought-after area of Salford; 14 Highfield Road offers an excellent investment opportunity. With 5 spacious bedrooms, each with its own ensuite bathroom, this property is ideal for professionals looking for modern, high-quality accommodation. The property benefits from a valid HMO license and the landlord has recently submitted a planning approval application to Salford Council to confirm Lawful Use.

Key Features:

• 5 Bedrooms / 5 Bathrooms: Each bedroom comes with its ensuite, providing convenience and privacy for each tenant.
• Freehold: The property is offered as freehold, providing stability for the buyer.
• Current Rent: The property generates a total of £3,135 per month (£37,620 per annum) in rent, with all rooms currently occupied. Tenants are on rolling contracts, and the current letting agent confirms there are no upcoming vacancies.
• Article 4 Area: Situated in an Article 4 area, ensuring that the property is compliant with local planning regulations for HMO properties.

Outgoing costs (these figures are valid as of 13/03/2025)

• Council Tax: £1,634.68 per annum
• Water: £672 per annum
• Broadband: £420 per annum
• Gas and Electric: £2,232 per annum
• Managing agent fees, figures based on a local agent who we have worked with previously at 13%inc VAT: £4,890.60 per annum
• Overall outgoing costs: £9,849.28 per annum

Investment Figures:

• Asking price: £325,000.00
• Gross income: £37,620.00pa
• Net income: £27,770.72pa
• Gross yield: 11.6%
• Net yield: 8.5%

Compliance: All necessary compliance documents are in place, including EICR (Electrical Installation Condition Report), gas safety certification, smoke detection, and fire safety measures.

Deposits: All tenant deposits are securely stored in the DPS (Deposit Protection Scheme).

EPC: C (valid till March 2028)

Investment Potential: This property represents a fantastic opportunity to acquire a fully compliant HMO with a stable income. The current rent roll of £3,135 per month and fully occupied status make this property an attractive prospect for investors looking for immediate returns.

Location: Conveniently located in Salford, Highfield Road offers easy access to local amenities, and public transport links, and is within proximity to Manchester city centre, making it highly desirable for tenants.

This is a rare opportunity to purchase a well-maintained, fully compliant HMO in a popular and high-demand area.