Project Description

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Location
The subject property is located on the eastern side of Daisy Avenue in the popular district of Rusholme / Longsight.

The property is very close to the Manchester Royal Infirmary and  universities, therefore making this area particularly attractive to students and medical staff.

In the immediate vicinity there is a wealth of amenities ranging from small independant retailers to a large Asda Superstore. In addition there are various banks, bars, restaurants and also a police station.

The area is also serviced by regular buses into Manchester City Centre which lies just 2 miles northwest of the property. Here you will find a wider range of shops and services expected from a city of this size.

Description
The property is accessed via a small palisade and a front door leading to the spacious hallway. To the ground floor there is a communal lounge with bay window to the front elevation, a double bedroom to the side elevation and a large kitchen.

The kitchen has a good range of base and eye level units, integrated stainless steel oven and hob, stainless steel sink with drainer and access to the cellar.

To the first floor which is accessed via the hallway there are a further three bedrooms and a family bathroom. The bathroom comprises of a three piece suite with an electric shower over bath.

Accommodation
Total    170m2    1830ft2
Approx. gross internal floor area.

Services
We understand the property is connected to mains gas, electricity, water and drainage.

Tenure
The property is freehold

Investment Analysis
Following a program of improvements and obtaining the necessary licencing it is envisaged that each room can be let for £85 per week (£22,100 pa). This represents a gross yield of 13.4% based on a purchase price of £164,950.

Council Tax
The property is rated in Council Tax Band B. Council Tax payable (2016/2017) is £1116.19 p.a.

*Guide Price
£164,950

Viewing by Appointment

To view this property, please contact John Pye Property – property@johnpye.co.uk – 0115 970 6060

Please click the following link to access the legal pack documents – http://www.johnpye.auctiondocs.com/

Address

14 Daisy Avenue
Manchester
M13 0LY

Features

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✓ 5 Bedroom Potential HMO
✓ Area of high demand for rental properties
✓ Currently 60% let at £9,000 pa excluding bills.
✓ Potential to increase rents and occupancy subject to obtaining the relevant licences
✓ Potential £22,100 gross income if fully let as an HMO
✓ Gross yield 13.4%, if let as 5 bed HMO at £85pw
✓ Close to the University and Hospital
✓ Off Street Parking
✓ Freehold

Contact

Matt Kirk
Phone: 0115 970 6060
Email: property@johnpye.co.uk
Our Ref: PR295

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