This property is located in the catchment and medical area of Oldham, Greater Manchester. It is very close to bus stops, generating high rental demand.
Total Size:862 sq. ft.
Property Type: End of Terraced house
Property Status:Renovation Completed
Fixed 7% Return
| Inclusive of 12-month Build Warranty | |
| Newly refurbished and brand new furniture | |
| All en-suite bedrooms | |
| Comply to HMO regulations | |
| Nothern Powerhouse |
| Room No. | Size | Monthly Rental Income (£) |
| Bedroom 1 | 131 sq. ft. | £476.67(£110/week) |
| Room 2 | 128 sq. ft. | £476.67(£110/week) |
| Room 3 | 128 sq. ft. | £476.67(£110/week) |
| Room 4 | 128 sq. ft. | £476.67(£110/week) |
| Room 5 | 128 sq. ft. | £476.67(£110/week) |
| Communal Area | 118 sq. ft. | — |
Total Rental Income (pcm):£2,383.33
Gross Rental Income (p.a.):£28,600.00
| Bills | Service Provider | Cost (£) |
| Council Tax | Oldham Council | £1,354.78 |
| Gas | TBC | £1016.40 |
| Electricity | TBC | £1016.40 |
| Water | TBC | £500.00 |
| Internet | TBC | £400.00 |
| Other Expenses | TBC | £520.00 |
| Managment | One Heritage | £3,775.20* |
| Insurance | One Heritage | £550.00** |
Total Cost (p.a.): £9,132.78
Net Rental Income (p.a.): £19,467.22
Actual management fee is charged at 11% of rental income + VAT (total of 13.2%).
**Estimation of mandatory building insurance price, actual cost to be confirmed upon receipt of quotation from insurance company.
| no. | Facilities | Walking Time | Distance |
| 1 | 57 Sharples Hall Street, Oldham, OL4 2QZ | – | – |
| 2 | Sharples Hall Street Bus Stop | 3mins | 0.1 miles |
| 3 | Waterhead Park | 5mins | 0.2 miles |
| 4 | My Dentist – Oldham | 4mins | 0.2 miles |
| 5 | Springfield House Medical Centre | 7mins | 0.3 miles |
| 6 | Littlemoor Primary School | 5mins | 0.2 miles |
| 7 | Woodlands Primary Academy | 7mins | 0.4 miles |
| 8 | Mayfield Primary School | 13mins | 0.6 miles |
| 9 | Asda | 6mins | 0.2 miles |
| 10 | Tesco Extra | 12mins | 0.6 miles |
| Cities | Drive time | Distance |
| Oldham Town Centre | 6 mins drive / 14 mins by Bus | 1.9 miles |
| Manchester City Centre | 24 mins drive / 52 mins by Bus | 9.1 miles |
