Six-bedroom HMO close to the university campus.
- Location
- Manchester · Greater Manchester
- Strategy
- HMO
- Status
- In Acquisition
- Timeline
- Operational in 4 months
Financial summary
Estimated figures based on available information and subject to change.
- Acquisition price
- £310,000
- Refurbishment cost
- £68,200
- Estimated rent (monthly)
- £2,842
- Estimated yield
- 10.5% p.a.
- Contingency
- 8%
- Timeline
- estimated
Overview
Asset located in Manchester, Greater Manchester, with an operational profile aligned to the HMO strategy. The opportunity forms part of Prospera's UK curation and has been subject to technical, legal and market analysis before being presented to investors.
Why we selected it
- Location with consolidated demand and liquidity fundamentals.
- Acquisition price aligned with the projected margin for the strategy.
- Motivated seller with a preliminary contract under review by our UK legal partner.
- Operational profile compatible with Prospera's UK management structure.
Regional analysis
Greater Manchester presents stable indicators for employment, rental demand and transport infrastructure. Area with a track record of moderate appreciation and good acceptance for the proposed strategy.
Proposed strategy
Adaptation to HMO (house in multiple occupation) with local licensing, HHSRS compliance and specialist management to maximise occupancy and per-room income.
Planned works
- 01Full structural survey and regularisation of electrical and plumbing installations.
- 02Refurbishment of kitchen and bathrooms with finishes aligned to the local standard.
- 03Energy upgrades and EPC certification compatible with the exit strategy.
- 04General finishes, painting and staging for sale or letting.
Comparables
| Manchester — reference property A | Yield 6.4% p.a. | £334,800 |
| Manchester — reference property B | Yield 6.8% p.a. | £297,600 |
| Manchester — reference property C | Yield 5.9% p.a. | £353,400 |
Estimated figures based on available information and subject to change.
Risks
- GBP/BRL exchange rate variation can affect returns measured in the investor's home currency.
- Regulatory changes in the UK market may impact costs and timelines.
- Refurbishment and marketing timelines may vary depending on local market conditions.
- Projected returns are estimates and do not constitute a promise of results.
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Property investment involves capital and liquidity risk. Figures and timelines are estimates and do not constitute a promise of results.