Initial price	£346,000
02/07/24	£335,000
Price Change	-3.18%

This 5-bedroom HMO property in Salford is being marketed for investment purposes. The property is located in a popular area with a population of around 300,000 people, and is close to several major industries, including the BBC, ITV, and Manchester United Football Club. The property has been generating £2,600 per month, with each room rented out at a rate of £500-£550 per month. The property has been granted HMO planning permission and is currently being managed by a local agent. The expenses for the property are £337.85 per month, which includes gas, electricity, water, TV license, internet, and insurance. The net income for the property is £27,145.80 per year, with a gross yield of 9.5%. The property is being sold as a freehold and has a tenure of 150 years.