If you are serious about investing in houses of multiple occupancy then Manchester and the surrounding areas provide great opportunities with the potential for outstanding NET yields. CXG Invest has numerous properties available in and around Manchester, and so to save you time searching through pages and pages of properties, we’ve put together a list of the top HMO investment property opportunities here.
CXG’s Top Manchester HMO Investments
Wigan Lane, Wigan
This property located in Wigan, Greater Manchester is only a short distance from the town centre, the local hospital and 2 colleges. The property is made up of 5 double bedrooms which are split across 3 floors with 2 shared bathrooms and a shared kitchen.
The Wigan Road property comes with a purchase price of £195,000 and a potential NET yield of 8.05%, meaning it too would be a great addition to a property investors portfolio. To view more information about this property, visit here.
The Avenue, Leigh
The Avenue in Leigh, Greater Manchester is fully tenanted and consists of 4 large double bedrooms along with the standard shared facilities as expected with an HMO. It is located only a short walk from the town centre and is also in close proximity to the local Leigh hospital.
This property has a purchase price of £155,000 and a potential NET yield of 8.43% meaning a NET income of £13,061.20 per annum making it an appealing prospect for any potential investor. To view more, click here.
Railway Road, Leigh
This 5 bedroom, fully tenanted HMO is located in Leigh, close to both Bolton and Manchester and provides an excellent opportunity for potential investors looking to add to their property portfolios.
The purchase price of this property is £170,000 with an annual NET yield of 8.56% resulting in a NET income of £14,558.68. There is also a management company already in place for this property which means this truly is a complete ‘armchair’ investment.
You can see more about this property, here.
Burnley Road, Burnley
This next property in the list is a 3 bedroom HMO located only a few miles north of Manchester in Burnley. The bedrooms and kitchen are large in size and there is also a family sized bathroom with WC & shower on the first floor, as well as a WC and shower room on the second floor.
The purchase price of this property is a mere £80,000 with a NET yield of 9.67% and potential NET income of over £7,500. To view more information about this Burnley Road property, click here.
Accrington Road, Burnley
This 4 bedroom HMO is another located just north of Manchester in the town of Burnley. It has a purchase price of £120,000 and is made up of 4 large double bedrooms, a large shared kitchen, family sized bathroom and a WC & shower upstairs and downstairs.
This property in Accrington Road is located only a short walk to the centre of Burnley where there is a wide range of shops and also good travel links to close by cities including Manchester.
The annual NET yield on this property is 8.6% resulting in a NET income of £10316.80p/a. To find out more about the Accrington Road HMO, visit the property page.
Scarlett Street, Burnley
This HMO investment opportunity in Scarlett Street, Burnley is made up of 4 large bedrooms, a large shared kitchen with a family size bathroom and a WC and shower downstairs. Another key factor with this property is that it is currently fully tenanted.
The purchase price of this property is £95,000 with a NET yield of 11.60% and a NET income of over £11,000p/a. To see more details regarding this property, click here.
If you would like to speak to us about any of these HMO investment opportunities near Manchester the please register your interest by clicking the button below and filling in your details. We look forward to hearing from you.