5 Bed HMO, Manchester, M14 6QH, £425,000

31 Whitby Road, Manchester, Greater Manchester, M14 6QH - 3 views - 5 months ago

HMO
ROI: 3%
102 m²
+5 photos

ValuationOvervalued











Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£106,250

Stamp Duty & Legal Fees

£22,700

Total Cash In

£128,950

 

 

Cash Out

 

Room Rate

£568

Gross Rent

£2,840

Running Costs/mo

£2,531

Cashflow/mo

£309

Cashflow/yr

£3,708

ROI

3%

Gross Yield

8%













Property History

Listed for £425,000

October 17, 2024

Sold for £49,000

1997

Floor Plans

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?

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

Similar Properties

Like this property? Maybe you'll like these ones close by too.