5 Bed HMO, Salford, M6 5DU, £280,000

Langham Road, Salford, Greater Manchester, M6 5DU - 14 views - 4 months ago

Sold STC
HMO
ROI: 12%
~178 m²
+4 photos

ValuationUndervalued

Sold Prices£128K - £985K
Sold Prices/m²£992/m² - £4.6K/m²

 

 

Square Metres

~178.28 m²
Price/m²£1.6K/m²

Value Estimate

£360,000
BMV20%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£70,000

Stamp Duty & Legal Fees

£12,700

Total Cash In

£82,700

 

 

Cash Out

 

Room Rate

£598

Gross Rent

£2,990

Running Costs/mo

£2,065

Cashflow/mo

£925

Cashflow/yr

£11,096

ROI

13%

Gross Yield

13%

Local Sold Prices

35 sold prices from £128K to £985K, average is £432.5K. £992/m² to £4.6K/m², average is £2.5K/m².

PriceDateDistanceAddressBeds 
£280K02/210.33 mi188, Derby Road, Salford, Greater Manchester M5 5NA5
£163K09/230.35 mi22, Milford Street, Salford, Greater Manchester M6 5GQ5
£128K06/210.59 mi5, Cemetery Road, Salford, Greater Manchester M5 5WG5
£235K09/220.71 mi4, Lords Avenue, Salford, Greater Manchester M5 5HH5
£560K09/230.8 mi25, Lullington Road, Salford, Greater Manchester M6 8GW5
£522.5K10/220.87 mi151, Claremont Road, Salford, Greater Manchester M6 8PA5
£435K12/200.88 mi173, Claremont Road, Salford, Greater Manchester M6 8PA5
£339K03/211.04 mi71, Claremont Road, Salford, Greater Manchester M6 7GP5
£223K04/211.24 mi22, Hayfield Road, Salford, Greater Manchester M6 8PZ5
£315K04/231.25 mi4, Malvern Drive, Pendlebury, Manchester, Greater Manchester M27 8XT5
£352.5K05/211.29 mi2b, Wilton Road, Salford, Greater Manchester M6 8FP5
£285K05/211.35 mi11, Oak Road, Salford, Greater Manchester M7 2HP5
£175K12/221.41 mi32, Albert Park Road, Salford, Greater Manchester M7 1LT5
£432.5K09/231.44 mi45, Devonshire Road, Salford, Greater Manchester M6 8HZ5
£525K11/231.47 mi32, Park Road, Salford, Greater Manchester M6 8JP5
£475K08/221.47 mi11, Park Road, Salford, Greater Manchester M6 8HN5
£368K02/211.5 mi72, Park Road, Salford, Greater Manchester M6 8JR5
£370K05/211.57 mi8, Gilda Crescent Road, Eccles, Manchester, Greater Manchester M30 9AG5
£560K12/221.59 mi54, Manchester Road, Pendlebury, Manchester, Greater Manchester M27 5ET5
£375K03/231.63 mi5, Emerson Avenue, Eccles, Manchester, Greater Manchester M30 0DQ5
£320K10/201.63 mi27, Snowdon Road, Eccles, Manchester, Greater Manchester M30 9AS5
£298K11/201.7 mi6, Blyton Lane, Salford, Greater Manchester M7 3BR5
£577K05/221.71 mi6, Portland Road, Eccles, Manchester, Greater Manchester M30 9DP5
£500K10/201.8 mi5, Clarendon Crescent, Eccles, Manchester, Greater Manchester M30 9AU5
£515K10/211.8 mi3, Degas Close, Salford, Greater Manchester M7 3BG5
£632.5K11/221.81 mi9, Chatsworth Road, Eccles, Manchester, Greater Manchester M30 9DZ5
£512.5K03/231.82 mi112, Manchester Road, Swinton, Manchester, Greater Manchester M27 5FQ5
£369.5K07/211.84 mi8, Rivington Avenue, Pendlebury, Manchester, Greater Manchester M27 8TP5
£400K07/221.84 mi388, Great Clowes Street, Salford, Greater Manchester M7 2EB5
£645K01/231.87 mi29, Chatsworth Road, Eccles, Manchester, Greater Manchester M30 9DZ5
£580K06/211.89 mi34, Westminster Road, Eccles, Manchester, Greater Manchester M30 9EA5
£985K11/231.89 mi1, Rutland Road, Eccles, Manchester, Greater Manchester M30 9FA5
£610K06/211.95 mi12, Half Edge Lane, Eccles, Manchester, Greater Manchester M30 9GJ5
£532.5K09/221.99 mi20, St Hildas Road, Old Trafford, Manchester, Greater Manchester M16 9PQ5
£560K08/231.99 mi36, St Hildas Road, Old Trafford, Manchester, Greater Manchester M16 9PQ5

Local Area Statistics

Population in M6

31,268

Population in Salford

88,697

Town centre distance

1.30 miles away

Nearest school

0.10 miles away

Nearest train station

0.49 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+32%

Sales demand

Seller's market

Capital growth (5yrs)

+58%

Property History

Price changed to £280,000

February 8, 2025

Price changed to £290,000

January 19, 2025

Listed for £300,000

November 14, 2024

Floor Plans

Description

  • C4 planning approval to convert from standard household into HMO +
  • 5 Bed licensed HMO +
  • Near Media City and Salford Quays +
  • Three bathrooms, two ensuites +
  • Recent refurbishment +
  • Excellent transport links +
  • Close to local amenities +
  • Prime location +
  • Vibrant urban setting +

Presenting this tenanted five bedroom HMO
property for sale in the vibrant area of Salford,
close to Salford Quays and near Media City.

This property has recently been refurbished
and has a HMO licence, making it an
exceptional opportunity for an investor looking
to add to their portfolio.

The property comprises five generously sized
bedrooms, two of which have ensuites,
promising convenience for all occupants.
There is also a single shared bathroom and a
communal kitchen dining room.

Centrally located, this property benefits from
excellent public transport links, ensuring easy
access to the city and beyond. Local amenities
are just a stone's throw away, and the nearby
parks offer a great place for leisure and
outdoor activities. Close to Salford Royal and
Salford shopping centre.

The property falls under Council Tax Band A
and has an EPC rating of D, making it an
energy-efficient choice.

This remarkable property, with its unique features and prime location, is a must-see for those seeking a licenced HMO with a great yield.

IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS: We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in every case.

SAF240347/2

Agent Details

Reeds Rains, Salford

0161 524 9343

Next Steps?

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