5 Bed HMO, Manchester, M14 6AN, £400,000

29 Lombard Grove, Manchester, Greater Manchester, M14 6AN - 3 views - 9 months ago

HMO
~134 m²
+5 photos

ValuationUndervalued











Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£100,000

Stamp Duty & Legal Fees

£27,100

Total Cash In

£127,100

 

 

Cash Out

 

Room Rate

£546

Gross Rent

£2,730

Running Costs/mo

£2,421

Cashflow/mo

£309

Cashflow/yr

£3,713

ROI

3%

Gross Yield

8%













Property History

Price changed to £400,000

January 8, 2025

Price changed to £450,000

December 4, 2024

Listed for £480,000

July 4, 2024

Sold for £165,000

2004

Floor Plans

Description

  • Extended End Terrace +
  • Well Proportioned Throughout +
  • Five Bedrooms +
  • Two Reception Rooms +
  • Bathroom & Two Shower Rooms +
  • Fallowfield Location +
  • No Chain +
  • Landscaped Courtyard Garden +

An IMPRESSIVELY PROPORTIONED, EXTENDED PERIOD END TERRACE which has been converted to a five double bedroom HMO generating a yearly rental income of £30,030 resulting in a GROSS YIELD of 6.2%. The property is CENTRALLY LOCATED within FALLOWFIELD VILLAGE, with easy access to Manchester city centre and the universities. Offered for sale with NO ONWARD CHAIN. 1446 sq ft.

The property is tenanted from July 31st 2024 unitl June 30th 2025 achieving a rental income of £2730 pcm.

The spacious accommodation consists of an entrance hallway with access to the shower room and the WC.

There is a bright bay fronted living room to the front of the property and a separate dining room. To the rear is the modern kitchen which is fitted with an ample selection of base and wall units all complimented by integrated appliances and breakfast bar. Double doors lead out to the garden.
Stairs from the kitchen lead down to the cellar.

To the upper floors there are five well-proportioned double bedrooms, with each having space for freestanding furniture. The property is served by a modern bathroom and two separate shower rooms.

The property is approached via a pathway with frontage alongside, whilst to the rear is a hard landscaped enclosed courtyard garden.

Freehold
Council Tax Band: D
Approx. 1446 Sq Ft

Agent Details

Philip James Kennedy, Didsbury

0161 524 4262

Next Steps?

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