Full details for 5 Bedroom Property For Sale in Oldham
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Description
TO BE SOLD BY ONLINE AUCTION ON 23RD OCTOBER 2024 UNLESS SOLD PRIOR UNDER AUCTION TERMS.
120 Boundary Park Road, Westhulme Way, Oldham, OL1 2NZ
Investors and HMO landlords look no further – here we have a fantastic opportunity for you to invest in. This ready-made five-bedroom two-kitchen house of Multiple Occupancy is fully let, generating a healthy £40,740 per annum. Located in a popular residential area of Oldham just four minutes walk from Royal Oldham Hospital, this property will continue to bring in fantastic returns.
Earlier this year the property was granted a 5-year HMO license from Oldham Council and on the 3rd January 2024 the property had a RICS valuation of £400,000. Valuation report available upon request
The property has been renovated to a high standard, ensuring the highest rental income. It briefly comprises; entrance hall, kitchen with breakfast bar, and two double bedrooms each with their own en suites on the ground floor. On the first floor, you will find a landing, two more double bedrooms, each with en suite facilities. The second floor features a landing, kitchen, double bedroom with en suite, and a store room.
All tenancy agreements have been provided:
Room 1 - £650 per month
Room 2 - £595 per month
Room 3 - £750 per month
Room 4 - £725 per month
Room 5 - £675 per month
The property is situated in Westhulme, a sought-after residential area of Oldham benefiting from close proximity to Royal Oldham Hospital, local amenities, schools, and transport links. With easy access to the M60 and M62 motorways, this location offers convenient connections to Greater Manchester and beyond. Westhulme has seen continued growth in demand for rental properties, making this HMO a prime investment for landlords looking to capitalise on a thriving rental market.
Please note, as this is an active HMO, the incoming buyer will be responsible for managing the existing tenancy agreements and ensuring compliance with HMO regulations. The property is sold as seen.
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