4 Bed HMO, Manchester, M38 9LZ, £220,000

Seedley Avenue, Little Hulton, Manchester, Greater Manchester, M38 9LZ - 34 views - 8 months ago

HMO
ROI: 12%
~125 m²
+10 photos

ValuationFair Value

Sold Prices£75K - £490K
Sold Prices/m²£1.1K/m² - £4K/m²

 

 

Square Metres

~125.30 m²
Price/m²£1.8K/m²

Value Estimate

£219,275

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£55,000

Stamp Duty & Legal Fees

£8,250

Total Cash In

£63,250

 

 

Cash Out

 

Room Rate

£585

Gross Rent

£2,340

Running Costs/mo

£1,631

Cashflow/mo

£709

Cashflow/yr

£8,507

ROI

13%

Gross Yield

13%

Local Sold Prices

43 sold prices from £75K to £490K, average is £225K. £1.1K/m² to £4K/m², average is £1.9K/m².

PriceDateDistanceAddressBeds 
£360K08/230.23 mi6, Windmill Road, Worsley, Manchester, Greater Manchester M28 3RP4
£220K06/230.25 mi4, Windsor Avenue, Little Hulton, Manchester, Greater Manchester M38 9GB4
£220K02/230.33 mi4, Greenwood Avenue, Worsley, Manchester, Greater Manchester M28 3QY4
£190K12/230.34 mi17, Burns Road, Little Hulton, Manchester, Greater Manchester M38 9QW4
£290K06/210.34 mi1, Elsham Drive, Worsley, Manchester, Greater Manchester M28 0RU4
£266K09/210.34 mi15, Elsham Drive, Worsley, Manchester, Greater Manchester M28 0RU4
£150K12/220.43 mi2, Coniston Avenue, Little Hulton, Manchester, Greater Manchester M38 9WX4
£345K04/230.43 mi2, Cricketfield Lane, Worsley, Manchester, Greater Manchester M28 0AQ4
£208K11/210.49 mi2, Brougham Street, Worsley, Manchester, Greater Manchester M28 0SW4
£285K02/210.49 mi20, Brougham Street, Worsley, Manchester, Greater Manchester M28 0SW4
£120K02/210.52 mi55, Wallbrook Crescent, Little Hulton, Manchester, Greater Manchester M38 9ER4
£285K06/210.53 mi66, Tynesbank, Worsley, Manchester, Greater Manchester M28 0SL4
£260K03/230.53 mi61, Hill Top Road, Worsley, Manchester, Greater Manchester M28 3QG4
£330K11/200.55 mi27, Gillers Green, Worsley, Manchester, Greater Manchester M28 0GA4
£220K11/230.55 mi9, Bowfell Close, Worsley, Manchester, Greater Manchester M28 0AN4
£280K03/230.58 mi63, Lentworth Drive, Worsley, Manchester, Greater Manchester M28 3EX4
£210K04/210.58 mi54, Lentworth Drive, Worsley, Manchester, Greater Manchester M28 3EX4
£210K04/210.58 mi54, Lentworth Drive, Worsley, Manchester, Greater Manchester M28 3EX4
£185K12/200.58 mi61, Lentworth Drive, Worsley, Manchester, Greater Manchester M28 3EX4
£190K03/210.61 mi40, Hatherton Court, Worsley, Manchester, Greater Manchester M28 3ER4
£75K05/210.64 mi47, Baron Fold Crescent, Little Hulton, Manchester, Greater Manchester M38 9RA4
£233K03/240.64 mi31, Baron Fold Crescent, Little Hulton, Manchester, Greater Manchester M38 9RA4
£175K12/220.65 mi35, Earlesdon Crescent, Little Hulton, Manchester, Greater Manchester M38 9HF4
£270K09/210.65 mi2, Primrose Avenue, Worsley, Manchester, Greater Manchester M28 0TP4
£330K06/210.66 mi42a, Parsonage Road, Worsley, Manchester, Greater Manchester M28 3SL4
£215K12/220.7 mi41, Peel Park Crescent, Little Hulton, Manchester, Greater Manchester M38 0BX4
£210K01/210.71 mi24, Quarry Pond Road, Worsley, Manchester, Greater Manchester M28 0YH4
£440K08/230.81 mi3, Helias Close, Worsley, Manchester, Greater Manchester M28 0YJ4
£230K07/240.82 mi45, Walkden Road, Worsley, Manchester, Greater Manchester M28 3DA4
£182K12/200.83 mi45, Walkden Road, Worsley, Manchester, Greater Manchester M28 3DA4
£170K10/220.84 mi52, Briar Hill Avenue, Little Hulton, Manchester, Greater Manchester M38 0DD4
£370K02/230.86 mi523, Hilton Lane, Worsley, Manchester, Greater Manchester M28 3SA4
£132K12/200.87 mi17, Spa Lane, Little Hulton, Manchester, Greater Manchester M38 9SJ4
£340K11/200.87 mi9, Dowley Gap Road, Worsley, Manchester, Greater Manchester M28 3UQ4
£444K07/230.89 mi5, Park Road, Worsley, Manchester, Greater Manchester M28 7DU4
£305K06/230.9 mi22, Trinity Crescent, Worsley, Manchester, Greater Manchester M28 3LG4
£126K08/220.91 mi44, Parkway, Little Hulton, Manchester, Greater Manchester M38 0DB4
£145K04/210.92 mi50, Worsley Road, Farnworth, Bolton, Greater Manchester BL4 9LT4
£240K11/210.95 mi57, Newearth Road, Worsley, Manchester, Greater Manchester M28 7UT4
£225K08/230.95 mi72, Newearth Road, Worsley, Manchester, Greater Manchester M28 7US4
£270K09/230.95 mi108, Newearth Road, Worsley, Manchester, Greater Manchester M28 7US4
£175K11/200.96 mi7, Mayfield Avenue, Farnworth, Bolton, Greater Manchester BL4 9NY4
£490K07/240.98 mi36, Broadway, Worsley, Manchester, Greater Manchester M28 7EY4

Local Area Statistics

Population in M38

13,544

Population in Manchester

920,095

Town centre distance

8.36 miles away

Nearest school

0.10 miles away

Nearest train station

0.93 miles away

 

 

Rental growth (12m)

+27%

Sales demand

Seller's market

Capital growth (5yrs)

+86%

Property History

Price changed to £220,000

January 31, 2025

Price changed to £235,000

September 26, 2024

Listed for £250,000

August 8, 2024

Floor Plans

Description

This outstanding converted semi-detached building is a must view property. Ideal for investors looking for an opportunity to purchase this readymade multi let opportunity. The property offers four individual rooms all with own shower room and communal kitchen/dining room with parking and gardens. All enquires and for further information contact Bridgfords direct.

Well positioned in a popular area of Little Hulton, walking distance to the regular bus services to both Manchester city centre and Bolton. This popular family area also benefits from easy access to local shops and supermarkets.

Agent Details

Bridgfords, Walkden

0161 524 9322

Next Steps?

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