10 Bed HMO, Manchester, M19 2AE, £750,000

189 Slade Lane, Manchester, Greater Manchester, M19 2AE - 78 views - 2 years ago

HMO
ROI: 6%
~224 m²
+21 photos

ValuationOvervalued

Sold Prices£105K - £535.3K
Sold Prices/m²£1.3K/m² - £4.5K/m²

 

 

Square Metres

~224.20 m²
Price/m²£3.3K/m²

Value Estimate

£555,511

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£187,500

Stamp Duty & Legal Fees

£48,700

Total Cash In

£236,200

 

 

Cash Out

 

Room Rate

£602

Gross Rent

£6,020

Running Costs/mo

£4,773

Cashflow/mo

£1,247

Cashflow/yr

£14,970

ROI

6%

Gross Yield

10%

Local Sold Prices

50 sold prices from £105K to £535.3K, average is £347.6K. £1.3K/m² to £4.5K/m², average is £2.6K/m².

PriceDateDistanceAddressBeds 
£420K06/230.1 mi161, Slade Lane, Manchester, Greater Manchester M19 2AF4
£325K12/200.13 mi30, Windsor Road, Levenshulme, Manchester, Greater Manchester M19 2EB4
£440K08/230.14 mi23, Osborne Road, Manchester, Greater Manchester M19 2DU4
£405K10/230.15 mi6, Beech Range, Manchester, Greater Manchester M19 2EU4
£475K12/220.15 mi27, Osborne Road, Manchester, Greater Manchester M19 2DU4
£320K06/210.16 mi49, Albert Road, Manchester, Greater Manchester M19 2FT4
£446K11/200.21 mi15, Rushford Avenue, Manchester, Greater Manchester M19 2HG4
£470K10/200.21 mi10, Rushford Avenue, Manchester, Greater Manchester M19 2HG4
£435K08/230.26 mi26, Marshall Road, Manchester, Greater Manchester M19 2FQ4
£507.4K12/200.26 mi69, Grange Avenue, Levenshulme, Manchester, Greater Manchester M19 2FZ4
£535.3K03/210.26 mi63, Grange Avenue, Levenshulme, Manchester, Greater Manchester M19 2FZ4
£395K06/210.28 mi23, Marshall Road, Manchester, Greater Manchester M19 2EG4
£316K01/240.28 mi21, Marshall Road, Manchester, Greater Manchester M19 2EG4
£390K01/230.28 mi49, Marshall Road, Manchester, Greater Manchester M19 2EG4
£267K11/210.28 mi15, Skelton Grove, Manchester, Greater Manchester M13 0UL4
£455.4K12/210.29 mi17, Arliss Avenue, Manchester, Greater Manchester M19 2PD4
£460K12/220.33 mi9, Alma Road, Manchester, Greater Manchester M19 2FG4
£342.5K06/210.34 mi76, Milwain Road, Burnage, Manchester, Greater Manchester M19 2PR4
£385K05/230.36 mi5, Linden Park, Manchester, Greater Manchester M19 2PQ4
£295K04/230.42 mi155, Beresford Road, Manchester, Greater Manchester M13 0TA4
£248K06/210.45 mi15, Rostron Street, Manchester, Greater Manchester M19 3QF4
£140K10/200.46 mi17, Meller Road, Manchester, Greater Manchester M13 0GP4
£455K02/210.47 mi52, Errwood Road, Manchester, Greater Manchester M19 2QH4
£320K03/210.51 mi59, Burnage Hall Road, Manchester, Greater Manchester M19 2JP4
£225K03/240.52 mi7, Farrer Road, Manchester, Greater Manchester M13 0QX4
£255K11/210.53 mi41, Braemar Road, Manchester, Greater Manchester M14 6PR4
£280K07/220.53 mi10, Telfer Road, Manchester, Greater Manchester M13 0XS4
£345.1K01/210.54 mi26, Clare Road, Manchester, Greater Manchester M19 2GP4
£410K02/230.54 mi11, Davenhill Road, Manchester, Greater Manchester M19 2JU4
£225K10/200.56 mi78, Whitby Road, Manchester, Greater Manchester M14 6QL4
£105K04/210.58 mi97, Kingswood Road, Manchester, Greater Manchester M14 6RY4
£406K12/200.59 mi26, Woodland Road, Burnage, Manchester, Greater Manchester M19 2QP4
£240K03/230.61 mi30, Gatling Avenue, Manchester, Greater Manchester M12 5SX4
£370K02/240.61 mi48, Grangethorpe Drive, Manchester, Greater Manchester M19 2NE4
£420K11/200.62 mi161, Old Hall Lane, Manchester, Greater Manchester M14 6HJ4
£322.5K09/210.62 mi98, Burnage Lane, Manchester, Greater Manchester M19 2NG4
£220K09/210.65 mi207, Northmoor Road, Manchester, Greater Manchester M12 5RU4
£220K09/210.67 mi207, Northmoor Road, Manchester, Greater Manchester M12 5RU4
£350K08/230.67 mi215, Northmoor Road, Manchester, Greater Manchester M12 5RU4
£395K03/230.68 mi12, Eastholme Drive, Manchester, Greater Manchester M19 2QU4
£368K02/240.7 mi23, Birch Hall Lane, Manchester, Greater Manchester M13 0XJ4
£300K03/240.72 mi24, Meade Grove, Manchester, Greater Manchester M13 0SG4
£378.3K11/200.75 mi152, Burnage Lane, Manchester, Greater Manchester M19 1EF4
£237.5K10/230.77 mi14, Cedar Grove, Manchester, Greater Manchester M14 6YF4
£188K04/210.77 mi44, Broom Avenue, Manchester, Greater Manchester M19 2UD4
£239.5K06/230.79 mi56, Talbot Road, Fallowfield, Manchester, Greater Manchester M14 6TB4
£250K08/230.79 mi4, Shippey Street, Manchester, Greater Manchester M14 6TR4
£400K07/230.83 mi41, Cringle Road, Manchester, Greater Manchester M19 2RP4
£400K05/230.83 mi29, Cringle Road, Manchester, Greater Manchester M19 2RP4
£290K08/210.85 mi255, Mauldeth Road, Manchester, Greater Manchester M19 1AB4

Local Area Statistics

Population in M19

34,838

Population in Manchester

920,095

Town centre distance

2.25 miles away

Nearest school

0.20 miles away

Nearest train station

0.26 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+13%

Sales demand

Seller's market

Capital growth (5yrs)

+30%

Property History

Listed for £750,000

January 23, 2023

Sold for £160,000

2004

Sold for £125,000

2003

Sold for £60,000

1995

Floor Plans

Description

  • 10 Double bedrooms +
  • 4 Bathrooms +
  • Secure bike storage +
  • Recently renovated kitchen +
  • Gross income £72,258.33 PA +

The property has been let from the 1st of July 2023 on a bills included basis with a gross income for £72,258.33

Townhouse are pleased to offer this stunning HMO located in the heart of Fallowfield. The property briefly compromises ten double bedrooms, all with double beds, wardrobes, desks and chairs. The kitchen is fitted with all modern appliances including a dishwasher, two ovens, washer / dryer and two American style fridge freezers.

Please contact Townhouse for a viewing or further information.

Agent Details

Townhouse, Manchester

0161 401 1788

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪