Manchester, M24 5DN | Investment Property for Sale | VES-M24-001

Opportunity to purchase a HMO in Manchester generating £45,480 rent pa & gross yield of 10.1%


HMO Terraced House




Based on

deposit: £112,500

stamp duty: £26,000

mortgage fees: £1,500

conveyancing fees: £1,000






The property





8 bedrooms

8 bathrooms




Property information

  • Fully HMO licenced
  • Spread over 4 floors (lower ground to second floor)
  • 8 x self-contained studio apartments
  • Each apartment comes with:
    • Open plan living/bedroom space
    • Kitchen
    • Ensuite bathroom
  • All tenants also have access to a shared kitchen and laundry room
  • EPC rating E
  • The property is managed by a third party

Rental information

  • Room 1 - £495 pcm
  • Room 2 - £400 pcm
  • Room 3 - £450 pcm
  • Room 4 - £495 pcm
  • Room 5 - £450 pcm
  • Room 6 - £495 pcm
  • Room 7 - £525 pcm
  • Room 8 - £480 pcm
  • Total rent pcm: £3,790
  • Total rent pa: £45,480

Running costs

The vendor provided the following running costs for the property:

  • Council tax: £200 pcm
  • Electricity bill: £100 pcm
  • Water bill: £15 pcm
  • Wifi: £50 pcm
  • Cleaner: £100 pcm
  • Total cost pcm: £465
  • Total cost pa: £5,580

Location information

  • The property is located in the Middleton area of Manchester
  • Middleton's local amenities are only a short walk from the property
  • Manchester city centre is around 6 miles south of the property and can easily be reached by public transport
  • Mills Hill (Manchester) is the closest railway station, around 1.4 miles from the property
  • Easy access to the motorway network and the M60, M62 and A627(M)


Please note that Vesta has not visited this property and that all material has been provided by the vendor.


Documents available on request, please contact for viewings or further questions.

The information relating to this property is supplied by the vendor and was the latest available information at the time of listing. Certain information may expire or become inaccurate over time.

Vesta makes no warranty as to the accuracy or completeness of the property listing or any associated information. All information should be reviewed by the purchaser and their solicitor.

About Manchester

Manchester is a city situated around 34.8 miles east of Liverpool and 39.4 miles south west of Leeds.

The two mainline railway stations serving this city are Manchester Victoria and Manchester Piccadilly. Manchester Victoria is a combined railways station and Metrolink tram stop which is managed by Northern. Westbound from this station twice an hour there is a service to Liverpool Lime Street and another two to Manchester airport via the Ordsall Chord and Manchester Piccadilly. TransPennine express operates 4 trains per hour via Huddersfield, Leeds and York, 2 of which continue to Newcastle, 1 to Middlesbrough and the other to Scarborough. Manchester Piccadilly is the busier of the two stations in terms of number of passengers. This station runs services by six train operating companies. Virgin Trains operate three trains per hour to London Euston, two via Stoke-on-Trent and one via Crewe. Northern provides local trains services to stations in the local Greater Manchester area as well as services to the north and west of Liverpool. Transport for Wales offers hourly services along the North Wales Coast Line via Chester to destinations in Wales. CrossCountry has one hourly service to Bournemouth via Birmingham, Reading and Southampton and another hourly service to Bristol Temple Meads. Getting around the city via public transport could not be easier, with the assistance of Manchester’s Metrolink tram, that has over 90 stops throughout the Greater Manchester area.

Manchester’s Central Retail District is filled with several restaurants and bars, as well as its extensive options of stores. In addition, there are also many cultural attractions around this area, including Manchester’s Opera house, Albert Square and multiple museums.

The Greater Manchester area is home to many big corporations’ headquarters, as it is seen as the growing hub for business in the north west region and is known as the main regional centre for public services. Companies such as Google, BBC, The Co-Operative Group, Kellogg’s and Thomas Cook run large parts of their operations all from the heart of this buzzing city.

This property is ideal for students in higher education in Manchester. Manchester is a major student city with over 50,000 full time students. The three top universities in the City are University of Manchester, Manchester Metropolitan University and University of Salford, which are all about half an hour away via public transport.

Mellalieu Street,



Greater Manchester,


M24 5DN

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