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9 bedroom terraced house for sale
Egerton Road, Fallowfield, M14
£625,000
Egerton Road, Fallowfield, M14
£625,000
Price History
Initial price | £720,000 |
02/10/24 | £675,000 |
19/11/24 | £625,000 |
Price Change | -13.19% |
Description
This fantastic opportunity presents a recently modernised nine-bedroom Victorian semi-detached HMO generating a yearly rental income of £53,625.33, resulting in a gross yield of 8.5%. Situated on a sought-after road in Fallowfield, the property is close to Mauldeth Road train station and within easy access to Manchester City Centre and local amenities. The property boasts 1998 sq ft of living space, including a bright and spacious extended open-plan shared living area, modern kitchen diner, and lounge, with double doors leading out to the garden. The property is currently tenanted from July 31st 2024 until June 30th 2025, achieving a rental income of £4875.03 pcm. With four double bedrooms on each of the two upper floors, served by contemporary shower rooms, this property is perfect for investors seeking a lucrative and hassle-free investment opportunity.