4 Bed HMO, Salford, M6 5NG, £250,000

Lower Seedley Road, Salford M6 5NG - 24 views - 7 months ago

HMO
Refurb/BRRR
Planning
ROI: 5%
~129 m²
+9 photos

ValuationFair Value

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

 

 

Square Metres

~129.26 m²
Price/m²£1.9K/m²

Value Estimate

£255,000

 

 

End Value (After Refurb)

£276,980

Uplift in Value

+11%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£62,500

Stamp Duty & Legal Fees

£8,700

Refurb Costs

£54,800

Bridging Loan Interest

£6,563

Total Cash In

£134,313

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£276,980

Mortgage (After Refinance)

£207,735

Mortgage LTV

75%

Cash Released

£20,235

Cash Left In

£114,078

Equity

£69,245

Room Rate

£598

Gross Rent

£2,392

Running Costs/mo

£1,838

Cashflow/mo

£554

Cashflow/yr

£6,644

ROI

5%

Gross Yield

11%

Local Sold Prices

43 sold prices from £90K to £670K, average is £303.8K. £700/m² to £5.1K/m², average is £2.4K/m².

PriceDateDistanceAddressBeds 
£258.8K02/210.01 mi97, Lower Seedley Road, Salford, Greater Manchester M6 5NG4
£270K10/210.01 mi103, Lower Seedley Road, Salford, Greater Manchester M6 5NG4
£326K08/240.15 mi15, Seedley View Road, Salford, Greater Manchester M6 5WS4
£146K03/210.23 mi4, Highfield Road, Salford, Greater Manchester M6 5JZ4
£272.4K02/220.26 mi2, Gore Crescent, Salford, Greater Manchester M5 5NU4
£235K01/210.26 mi115, Seedley Park Road, Salford, Greater Manchester M6 5WU4
£255K10/200.32 mi7, Peveril Road, Salford, Greater Manchester M5 5LN4
£358.5K03/210.33 mi9, Chaplin Close, Salford, Greater Manchester M6 8FW4
£250K06/210.34 mi12, Josslyn Road, Salford, Greater Manchester M5 5LQ4
£240K09/210.34 mi1, Kensington Drive, Salford, Greater Manchester M5 5LS4
£296.9K10/200.35 mi1, Keystone Close, Salford, Greater Manchester M6 8EP4
£195K04/210.36 mi6, Rosehill Close, Salford, Greater Manchester M6 5JN4
£310K11/210.4 mi50, Gore Crescent, Salford, Greater Manchester M5 5EZ4
£310K11/210.4 mi50, Gore Crescent, Salford, Greater Manchester M5 5EZ4
£320K03/220.45 mi151, Weaste Lane, Salford, Greater Manchester M5 5JE4
£203.5K11/210.53 mi3, My Street, Salford, Greater Manchester M5 5GA4
£368K03/210.58 mi27, Trenant Road, Salford, Greater Manchester M6 7ES4
£480K06/210.61 mi30, Lullington Road, Salford, Greater Manchester M6 8QP4
£328.5K11/200.64 mi73, Doveleys Road, Salford, Greater Manchester M6 8GN4
£400K11/230.65 mi156, Claremont Road, Salford, Greater Manchester M6 8QG4
£353K10/200.68 mi96, Doveleys Road, Salford, Greater Manchester M6 8QW4
£342.5K01/210.69 mi9, Ellastone Road, Salford, Greater Manchester M6 8QR4
£230K04/210.69 mi29, Moorfield Road, Salford, Greater Manchester M6 7EY4
£240K06/230.7 mi9, Normanton Avenue, Salford, Greater Manchester M6 8BS4
£200K05/220.73 mi15, Ewart Avenue, Salford, Greater Manchester M5 4HN4
£241.5K05/230.74 mi137, Eccles Old Road, Salford, Greater Manchester M6 8BH4
£430K12/200.74 mi57, Acresfield Road, Salford, Greater Manchester M6 7GE4
£425K06/230.74 mi69, Acresfield Road, Salford, Greater Manchester M6 7GE4
£252K09/210.76 mi6, Acresfield Road, Salford, Greater Manchester M6 7QU4
£215K04/210.76 mi18, Sumner Road, Salford, Greater Manchester M6 7QH4
£378.5K09/210.76 mi5, Glenfyne Road, Salford, Greater Manchester M6 7GF4
£300K12/200.77 mi93, Claremont Road, Salford, Greater Manchester M6 7QF4
£370.6K04/210.77 mi98, Claremont Road, Salford, Greater Manchester M6 7QF4
£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
£465K09/220.8 mi121, Light Oaks Road, Salford, Greater Manchester M6 8WL4
£265K11/220.8 mi16, Penelope Road, Salford, Greater Manchester M6 7GH4
£200K05/230.81 mi6, Chevron Close, Salford, Greater Manchester M6 5AA4
£90K09/230.86 mi34, Cholmondeley Road, Salford, Greater Manchester M6 8NH4
£321K12/220.89 mi97, Light Oaks Road, Salford, Greater Manchester M6 8WP4
£303.8K05/210.94 mi15, Moorville Road, Salford, Greater Manchester M6 8NP4
£372K11/200.95 mi14, Lancaster Road, Salford, Greater Manchester M6 8AN4

Local Area Statistics

Population in M6

31,268

Population in Salford

88,697

Town centre distance

1.15 miles away

Nearest school

0.10 miles away

Nearest train station

0.55 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+32%

Sales demand

Seller's market

Capital growth (5yrs)

+58%

Property History

Listed for £250,000

September 24, 2024

Floor Plans

Description

  • No vendor chain +
  • Several reception rooms +
  • Three floors +
  • Great potential +
  • Cellars +
  • Popular location +
  • Viewing advised +

NO VENDOR CHAIN! LOCATE ESTATE AGENT are delighted to bring to the market this very spacious four bedroom period property located on Lower Seedley Road Salford M6.
The location of the property is close to all local amenities including superb transport links to Salford Quays and Manchester city centre.
The accommodation comprises of entrance hallway, bay fronted living room, dining room, morning room and kitchen. To the first floor are three good sized bedrooms and bathroom. On the second floor is the very spacious fourth bedroom.
There is also a useful multi chamber cellar. The property itself requires full renovation and also has the option to be converted into a house of multiple occupancy bringing in a very healthy rental yield.

To book your viewing contact the Locate team at our Urmston office.

Tenure
Freehold
Last sold price
No Recent Sale Found
Last sold date
No Recent Sale Found
Local Authority
Salford
Council Tax
Not Found
Conservation Area
No
Flood Risk
No Risk
Floor Area
1,722 ft 2 / 160 m 2
Plot size
0.03 acres
Mobile coverage

EE
Vodafone
Three
O2
Broadband

Basic
16 Mbps
Superfast
74 Mbps
Ultrafast
1000 Mbps
Satellite / Fibre TV Availability

BT
Sky
Virgin

Material information - Disclaimers

The information supplied in this listing is sourced from various third parties. Information is also requested from the Vendor. Whilst every effort is made to verify the information Locate Estate Agents assumes no responsibility or liability for any errors or omissions in the content provided in this listed. The information contained in this site is provided on an "as is" basis with no guarantees of completeness, accuracy, usefulness, or timeliness. Reasonable buyers should peruse Trading Standards guidance (attached or linked) and instruct both a Conveyancer and Surveyor at the earliest opportunity.

Locate Estate Agent have not tested any appliances and services described in this property description and therefore take no legal responsibility for their function. We would advise having an independent inspection of all services and appliances relating to the property. All room sizes are approximate.
PROPERTY MISDESCRIPTIONS ACT
Under the Property Misdescription Act 1991, we endeavour to make our sales details accurate and reliable, but they should not be relied upon as statements or representations of fact and they do not constitute any part of an offer or contract these particulars are thought to be materially correct though their accuracy is not guaranteed & they do not form part of any contract.
All links relating to Services which include:
Council Tax banding and charges: . . - .

Tenure:

Property type: Material info pack on property advert

Property construction: “Locate Estate Agents have had sight of the Property and made enquiries with the Vendor. However, no warranty is made as to this fact, and it is strongly recommended that a RICS Surveyor is instructed by a buyer to ascertain more details”. Material info pack on property advert

Number and types of room:

Utility suppliers: Material info pack on property advert

Sewerage:

Heating: Material info pack on property advert

Broadband:

Mobile signal coverage:

Parking: Material info pack on property advert

Building safety: : “Locate Estate Agents is not qualified to comment on or give warranty regarding such matters and recommend that buyer’s read the guidance here and instruct an appropriate survey”

Restrictions: “Locate Estate Agents is not qualified to comment on or give warranty regarding such matters and recommend that a Conveyancer is instructed at the earliest opportunity
Info to be obtained from Conveyancer solicitors.

Flood risk: “Locate Estate Agents is not qualified to comment on or give warranty regarding such matters and recommend that buyer’s read the guidance here [include link] and instruct any searches require via their Conveyancer at the earliest opportunity and recommend that buyer’s read the guidance here

Coastal erosion risk: “Locate Estate Agents is not qualified to comment on or give warranty regarding such matters and recommend that buyer’s read the guidance here [include link] and instruct any searches require via their Conveyancer at the earliest opportunity and recommend that buyer’s read the guidance here

Planning permission: See the Local Authority Planning Portal found here

Accessibility /adaptations: Accessibility/adaptations Locate is not aware of any accessibility issues or adaptions relating to accessibility having been made at the Property. However, the buyer should rely on their own inspection and should undertake this at the earliest opportunity. See property description
Coalfield or Mining area: “Locate Estate Agents is not qualified to comment on or give warranty regarding such matters and recommend that buyer’s read the guidance here [include link] and instruct any searches require via their Conveyancer at the earliest opportunity and recommend that buyer’s read the guidance
Energy performance :

Agent Details

Locate Estate Agent, Urmston

0161 524 7429

Next Steps?

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