Buy to Let Properties

Blackbook Investments presents a turnkey 5-bed licensed HMO in Oldham delivering strong, stable cashflow and exceptional build quality.

Recently refurbished and extended to a high standard, the property has been independently RICS-valued at £400,000 (Jan 2024) and is fully let to working professionals with zero arrears.

 

Property Overview

A substantial mid-terrace, traditionally constructed (c.1910) and comprehensively redeveloped to create a premium multi-let asset.

The works include:

•Five fully refurbished bedrooms, each meeting or exceeding local size requirements

• Five modern ensuite bathrooms

•Two high-quality kitchens (ground floor & dormer level)

•Dormer extension to increase upper-level floor area

•Full planning approval for HMO conversion (May 2022)

•HMO licence confirmed and in process of final issue (per valuation)

The valuer noted the property is in excellent internal condition, with all works recently completed and compliant with HMO standards.

Income & Tenancy Details

Room 1

Tenant Type: Working Professional

Job Title: Support Worker

Rent: £650 pcm

Room 2

Tenant Type: Working Professional

Job Title: Support Worker

Rent: £595 pcm

Room 3

Tenant Type: Self-Employed

Job Title: Construction Worker

Rent: £750 pcm

Room 4

Tenant Type: Working Professional

Job Title: Office Administrator

Rent: £725 pcm

Room 5

Tenant Type: Working Professional

Job Title: Registered Nurse

Rent: £675 pcm

Total Monthly Income: £3,395

Total Annual Income: £40,740

Predicted Monthly Income (all rooms at £725): £3,625

Predicted Annual Income: £43,500