7 Bed HMO, Manchester, M14 6PB, £580,000

Moseley Road, Fallowfield, Manchester, M14 6PB - 7 views - 5 months ago

HMO
Planning
ROI: 3%
~217 m²
+2 photos

ValuationUndervalued

Sold Prices£175K - £1.7M
Sold Prices/m²£968/m² - £4.6K/m²

 

 

Square Metres

~217 m²
Price/m²£2.7K/m²

Value Estimate

£665,099
BMV12%

Investment Opportunity

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£145,000

Stamp Duty & Legal Fees

£36,300

Total Cash In

£181,300

 

 

Cash Out

 

Room Rate

£568

Gross Rent

£3,976

Running Costs/mo

£3,483

Cashflow/mo

£493

Cashflow/yr

£5,910

ROI

3%

Gross Yield

8%

Local Sold Prices

7 sold prices from £175K to £1.7M, average is £1.0M. £968/m² to £4.6K/m², average is £3.1K/m².

PriceDateDistanceAddressBeds 
£175K10/221.02 mi71, Birch Lane, Manchester, Greater Manchester M13 0WW7
£220K02/231.42 mi29, Darlington Road, Manchester, Greater Manchester M20 1JB7
£1.1M02/211.69 mi26, Clothorn Road, Manchester, Greater Manchester M20 6BP7
£1.7M02/231.69 mi32, Clothorn Road, Manchester, Greater Manchester M20 6BP7
£980K08/211.82 mi25, Moorland Road, Manchester, Greater Manchester M20 6BB7
£1.0M07/231.82 mi50, Clyde Road, Manchester, Greater Manchester M20 2WJ7
£1.1M02/211.92 mi7, Linden Road, Manchester, Greater Manchester M20 2QJ7

Local Area Statistics

Population in M14

52,853

Population in Manchester

920,095

Town centre distance

1.99 miles away

Nearest school

0.30 miles away

Nearest train station

0.54 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

-42%

Sales demand

Seller's market

Capital growth (5yrs)

+49%

Property History

Price changed to £580,000

March 12, 2025

Listed for £595,000

October 15, 2024

Sold for £44,000

1997

Floor Plans

Description

  • INVESTMENT OPPORTUNITY +
  • Open plan living/kitchen/dining area +
  • Set over three floors +
  • Fantastic location +
  • Planning permission +
  • Walking Distance to Wilmslow Road +
  • Opposite Armitage Centre +

A spacious MID TERRACED HMO house with SEVEN DOUBLE bedrooms set over THREE FLOORS, RECENTLY RENOVATED TO A HIGH STANDARD this property is fully let until June 2025. Located opposite the Armitage Centre and within walking distance to WILMSLOW ROAD and public transport to the Uni's, City Centre and Hospitals. 

ENTRANCE HALL  

BEDROOM ONE 11' 5" x 13' 1" (3.5m x 4m)  

SHOWER ROOM  

BEDROOM TWO 9' 6" x 13' 1" (2.9m x 4m)  

KITCHEN/DINER 31' 5" x 9' 6" (9.6m x 2.9m)  

FIRST FLOOR  

BEDROOM THREE 9' 6" x 15' 1" (2.9m x 4.6m)  

WC  

BEDROOM FOUR 9' 6" x 13' 5" (2.9m x 4.1m)  

BEDROOM FIVE 11' 1" x 9' 10" (3.4m x 3m)  

SECOND FLOOR  

BEDROOM SIX 17' 0" x 6' 10" (5.2m x 2.1m)  

BEDROOM SEVEN 12' 5" x 9' 2" (3.8m x 2.8m)  

SHOWER ROOM

Agent Details

MCR Move, Manchester

0161 248 6277

Next Steps?

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