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
Property image

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.

Price
Date
Distance
Address
Beds
 
£250K01/250.06 mi10, Whitby Avenue, Fallowfield, Manchester, Greater Manchester M14 6QJ5
£321K05/250.15 mi10, Cedar Grove, Manchester M14 6YF5
£321K05/250.15 mi10, Cedar Grove, Manchester M14 6YF5
£360K08/240.29 mi180, Ladybarn Lane, Manchester M14 6RW5
£360K08/240.29 mi180, Ladybarn Lane, Manchester M14 6RW5
£475K09/240.33 mi13, Derby Road, Manchester, Greater Manchester M14 6UX5
£550K09/210.35 mi17, Amherst Road, Manchester, Greater Manchester M14 6UG5
£625K10/220.39 mi2, Amherst Road, Manchester, Greater Manchester M14 6UQ5
£350K12/220.54 mi27, Chervil Close, Manchester, Greater Manchester M14 7DP5
£333K11/230.68 mi18, Beech Range, Manchester, Greater Manchester M19 2EU5
£380K02/230.68 mi16, Beech Range, Manchester, Greater Manchester M19 2EU5
£100K07/210.68 mi13, Beech Range, Manchester, Greater Manchester M19 2EU5
£373.3K02/230.7 mi81, Wilbraham Road, Manchester M14 7DN5
£490K05/230.71 mi40, Ranford Road, Manchester, Greater Manchester M19 2GL5
£480K03/250.73 mi50, Albert Road, Manchester M19 2AB5
£420K01/230.75 mi46, Whitebrook Road, Manchester M14 6EF5
£420K01/230.76 mi46, Whitebrook Road, Manchester, Greater Manchester M14 6EF5
£330K06/210.79 mi91, Rippingham Road, Manchester, Greater Manchester M20 3FT5
£980K08/250.8 mi8, Parsonage Road, Manchester M20 4PQ5
£294.4K06/210.89 mi170, Hamilton Road, Manchester, Greater Manchester M13 0PG5
£468K12/220.96 mi13, Birchington Road, Manchester, Greater Manchester M14 6BY5

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

Property image

Description

  • HMO Property +
  • Let for 2024/25 for £2686.66exc bills +
  • 5 Double Bedrooms +
  • Close to Shops, Bars & Restaurants +
  • Ideal for local Universities +
  • Close to Public Transport Public Transport +

Nicholas Humphreys are delighted to bring this five bedroom student house to the market. Very well situated 5 bedroom house in the heart of Fallowfield located behind Sainsburys.  The owner informs us that the property has been let to students continuously since pre 2011 and it has an HMO license for 5 people. The property briefly comprises of; Entrance hallway leading to the ground floor front bedroom, separate living room and kitchen diner. There is also a ground floor W/C under the stairs. There is access to the rear yard from the kitchen.  On the first floor there are four double bedrooms and a bathroom, which consists of a bath with a shower over, a W/C and wash hand basin.  To the rear of the property there is a small low maintenance yard. REFERRAL ARRANGEMENT NOTE
Nicholas Humphreys Estate Agents will sometimes refer sellers (and will offer to refer buyers) to Hargeaves Gilman, Altium Law & Simply Conveyancing for conveyancing services. It is your decision as to whether or not you choose to deal with these conveyancers. Should you decide to use the conveyancers named above, you should know that Nicholas Humphreys Estate Agents would receive a referral fee of up to £240 including VAT from them, for recommending you to them.
Nicholas Humphreys Estate Agents will sometimes refer buyers to East Cheshire Mortgages and The Mortgage Advisor for mortgage services. . It is your decision as to whether or not you choose to deal with these mortgage brokers. Should you decide to use the broker named above, you should know that Nicholas Humphreys Estate Agents would receive a referral fee of up to £250 from them, for recommending you to them.
Nicholas Humphreys Estate Agents will sometimes refer buyers to Countrywide Surveyors. It is your decision as to whether or not you choose to deal with this company. Should you decide to use the surveyor named above, you should know that Nicholas Humphreys Estate Agents would receive a referral fee of £100 from them, for recommending you to them. EPC rating: D. Tenure: Freehold,

Agent Details

Nicholas Humphreys, Manchester

0161 524 3540

Next Steps?

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