Summary - 20 MILTON AVENUE SALFORD M5 5HG
3 bed 1 bath Terraced
Turnkey licensed HMO near Salford Quays with strong 10% gross yield and immediate income.
Fully licensed small HMO, currently fully occupied
A fully licensed, fully occupied small HMO in a prime Salford location, moments from Salford Quays and MediaCity, offers immediate rental income and clear investor appeal. The property has three double bedrooms (one en‑suite), two modern shower rooms, a separate communal reception room and a fitted kitchen with integrated appliances. Several rooms have been newly refurbished; others retain original character and present scope for cosmetic improvement.
Current performance is strong: a gross annual income around £22,000 equating to an approximate 10% yield at the advertised price. The house is freehold, double glazed and gas‑central heated with a C EPC rating. Practical urban benefits include excellent mobile signal, fast broadband and easy access to public transport, Salford Royal and local amenities that attract working tenants and new arrivals to the private rental market.
Buyers should note material points: the plot and rear yard are compact, the building is a Victorian mid‑terrace with cavity walls assumed uninsulated, and the surrounding ward is classified as very deprived — factors that influence long‑term capital growth and management costs. The property is let as an HMO and carries the responsibilities that entails (licensing compliance, longer tenant management, and HMO running costs).
For an investor seeking a near‑turnkey let with immediate yield, this HMO is compelling. There is also scope to increase value through targeted upgrades to remaining rooms, energy improvements or slight reconfiguration, subject to licence limits. Viewings are recommended for those assessing short‑term income and practical management in a high‑demand rental pocket.
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