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5 bedroom house of multiple occupation for sale
Verney Road, Royton, OL2 6AZ
£250,000
Verney Road, Royton, OL2 6AZ
£250,000
Price History
Initial price | £260,000 |
23/01/25 | £250,000 |
Price Change | -3.85% |
Description
This high-yielding HMO property in Royton, Greater Manchester, is an excellent investment opportunity, already fully operational and generating a net yield of 7.14%. The property is located in a popular and convenient suburb, just over a mile from the Metrolink stop and with easy access to local amenities and shops. The property itself is fully furnished and features five double bedrooms, each with a private ensuite, as well as a modern kitchen and rear enclosed back yard. With a gross rent of £19,800 and a net income of £17,424, this property offers a gross yield of 7.92% and a net yield of 6.97%. The area is attracting a high number of young professionals due to its lifestyle, employment opportunities, and educational facilities, and Savills predicts that property prices in the North West region will grow by 18.8% by 2026, making it an excellent time to invest.