5 Bed HMO, Manchester, M14 6QH £425,000
Whitby Road, Fallowfield, Manchester, M14 6QH - a year ago
Sold STC
HMO
Inside Article 4
ROI: 5%
~119 m²
ValuationOvervalued
| Sold Prices | £100K - £980K |
| Sold Prices/m² | £741/m² - £4.3K/m² |
| |
Square Metres | ~119 m² |
| Price/m² | £3.6K/m² |
Value Estimate | £338,044 |
Cashflows
Cash In | |
Purchase Finance | Mortgage |
Deposit (25%) | £106,250 |
Stamp Duty & Legal Fees | £33,700 |
Total Cash In | £139,950 |
| |
Cash Out | |
Room Rate | £633 |
Gross Rent | £3,165 |
Running Costs/mo | £2,602 |
Cashflow/mo | £563 |
Cashflow/yr | £6,753 |
ROI | 5% |
Gross Yield | 9% |
Local Sold Prices
21 sold prices from £100K to £980K, average is £373.3K. £741/m² to £4.3K/m², average is £2.8K/m².
Local Area Statistics
Population in M14 | 52,853 |
Population in Manchester | 920,095 |
Town centre distance | 1.87 miles away |
Nearest school | 0.40 miles away |
Nearest train station | 0.48 miles away |
| |
Rental demand | Landlord's market |
Rental growth (12m) | +179% |
Sales demand | Seller's market |
Capital growth (5yrs) | +43% |
Property History
Listed for £425,000
October 17, 2024
Sold for £49,000
1997
Floor Plans
Description
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