4 Bed HMO, Salford, M6 5WS, £240,000

Seedley View Road, Salford, Greater Manchester, M6 5WS - 8 views - 9 months ago

HMO
ROI: 12%
~129 m²
+5 photos

ValuationUndervalued

Sold Prices£90K - £670K
Sold Prices/m²£700/m² - £5.1K/m²

 

 

Square Metres

~129.26 m²
Price/m²£1.9K/m²

Value Estimate

£288,000
BMV20%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£60,000

Stamp Duty & Legal Fees

£13,200

Total Cash In

£73,200

 

 

Cash Out

 

Room Rate

£615

Gross Rent

£2,460

Running Costs/mo

£1,726

Cashflow/mo

£734

Cashflow/yr

£8,806

ROI

12%

Gross Yield

12%

Local Sold Prices

45 sold prices from £90K to £670K, average is £310K. £700/m² to £5.1K/m², average is £2.4K/m².

PriceDateDistanceAddressBeds 
£326K08/240.02 mi15, Seedley View Road, Salford, Greater Manchester M6 5WS4
£258.8K02/210.12 mi97, Lower Seedley Road, Salford, Greater Manchester M6 5NG4
£270K10/210.12 mi103, Lower Seedley Road, Salford, Greater Manchester M6 5NG4
£235K01/210.15 mi115, Seedley Park Road, Salford, Greater Manchester M6 5WU4
£272.4K02/220.19 mi2, Gore Crescent, Salford, Greater Manchester M5 5NU4
£255K10/200.2 mi7, Peveril Road, Salford, Greater Manchester M5 5LN4
£250K06/210.25 mi12, Josslyn Road, Salford, Greater Manchester M5 5LQ4
£240K09/210.25 mi1, Kensington Drive, Salford, Greater Manchester M5 5LS4
£146K03/210.31 mi4, Highfield Road, Salford, Greater Manchester M6 5JZ4
£310K11/210.32 mi50, Gore Crescent, Salford, Greater Manchester M5 5EZ4
£310K11/210.32 mi50, Gore Crescent, Salford, Greater Manchester M5 5EZ4
£320K03/220.35 mi151, Weaste Lane, Salford, Greater Manchester M5 5JE4
£358.5K03/210.41 mi9, Chaplin Close, Salford, Greater Manchester M6 8FW4
£296.9K10/200.42 mi1, Keystone Close, Salford, Greater Manchester M6 8EP4
£195K04/210.42 mi6, Rosehill Close, Salford, Greater Manchester M6 5JN4
£203.5K11/210.47 mi3, My Street, Salford, Greater Manchester M5 5GA4
£480K06/210.59 mi30, Lullington Road, Salford, Greater Manchester M6 8QP4
£240K06/230.62 mi9, Normanton Avenue, Salford, Greater Manchester M6 8BS4
£368K03/210.62 mi27, Trenant Road, Salford, Greater Manchester M6 7ES4
£400K11/230.63 mi156, Claremont Road, Salford, Greater Manchester M6 8QG4
£342.5K01/210.66 mi9, Ellastone Road, Salford, Greater Manchester M6 8QR4
£328.5K11/200.66 mi73, Doveleys Road, Salford, Greater Manchester M6 8GN4
£241.5K05/230.67 mi137, Eccles Old Road, Salford, Greater Manchester M6 8BH4
£353K10/200.69 mi96, Doveleys Road, Salford, Greater Manchester M6 8QW4
£230K04/210.74 mi29, Moorfield Road, Salford, Greater Manchester M6 7EY4
£200K05/220.75 mi15, Ewart Avenue, Salford, Greater Manchester M5 4HN4
£430K12/200.77 mi57, Acresfield Road, Salford, Greater Manchester M6 7GE4
£425K06/230.77 mi69, Acresfield Road, Salford, Greater Manchester M6 7GE4
£570K12/200.79 mi125, Light Oaks Road, Salford, Greater Manchester M6 8WL4
£570K12/200.79 mi125, Light Oaks Road, Salford, Greater Manchester M6 8WL4
£670K02/230.79 mi125, Light Oaks Road, Salford, Greater Manchester M6 8WL4
£378.5K09/210.79 mi5, Glenfyne Road, Salford, Greater Manchester M6 7GF4
£215K04/210.79 mi18, Sumner Road, Salford, Greater Manchester M6 7QH4
£300K12/200.79 mi93, Claremont Road, Salford, Greater Manchester M6 7QF4
£370.6K04/210.79 mi98, Claremont Road, Salford, Greater Manchester M6 7QF4
£465K09/220.79 mi121, Light Oaks Road, Salford, Greater Manchester M6 8WL4
£252K09/210.81 mi6, Acresfield Road, Salford, Greater Manchester M6 7QU4
£265K11/220.83 mi16, Penelope Road, Salford, Greater Manchester M6 7GH4
£90K09/230.83 mi34, Cholmondeley Road, Salford, Greater Manchester M6 8NH4
£200K05/230.86 mi6, Chevron Close, Salford, Greater Manchester M6 5AA4
£321K12/220.87 mi97, Light Oaks Road, Salford, Greater Manchester M6 8WP4
£372K11/200.89 mi14, Lancaster Road, Salford, Greater Manchester M6 8AN4
£303.8K05/210.94 mi15, Moorville Road, Salford, Greater Manchester M6 8NP4
£406.6K09/230.97 mi1a, Vestris Drive, Salford, Greater Manchester M6 8EL4
£475K01/240.97 mi4, Vestris Drive, Salford, Greater Manchester M6 8EL4

Local Area Statistics

Population in M6

31,268

Population in Salford

88,697

Town centre distance

1.23 miles away

Nearest school

0.20 miles away

Nearest train station

0.48 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+32%

Sales demand

Seller's market

Capital growth (5yrs)

+58%

Property History

Listed for £240,000

July 15, 2024

Floor Plans

Description

  • Four bedrooms +
  • Three double rooms +
  • Close to Salford Royal +
  • Communal reception room +
  • Walking distance to Salford Quays and Media City +
  • High ceilings throughout +
  • EPC rating D +
  • Council Tax Band A +
  • Near Langworthy Tram stop +
  • Close to public transport +

Reeds Rains are proud to present this appealing terraced HMO property, currently listed for sale. This neutrally decorated property offers an excellent opportunity for investors, as it is a running HMO and will be sold with tenants.

The residence features four bedrooms, with three being double rooms, all boasting plenty of natural light, and one single room. Each room has been carefully designed to maximise space and comfort. The property is complemented by a bathroom, equipped with a bath and an overhead shower.

A highlight of this property is the communal reception room, which is a perfect space for tenants to gather and relax. The high ceilings throughout the property enhance the sense of space and openness, contributing to the overall comfortable atmosphere.

The property has an EPC rating of D and falls under the Council Tax Band A, making it economical for its residents. Its location is another key selling point. Situated close to Salford Quays, near Media City and Salford Royal, the property is ideally located for those who value convenience. It is well-served by public transport links and local amenities. The surrounding green spaces and parks provide ample opportunities for leisure and outdoor activities.

This is indeed a unique investment opportunity not to be missed. Its combination of location, features, and potential return on investment, make it a highly attractive proposition.

IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS: We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases.

SAF240245/2

Agent Details

Reeds Rains, Salford

0161 524 9343

Next Steps?

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