5 Bed HMO, Manchester, M21 7DB £440,000

59 New Barns Avenue, Chorlton, M21 7DB - 1 views - a year ago
HMO
Inside Article 4
ROI: 6%
~141 m²
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+5 photos

ValuationUndervalued

Sold Prices£319.3K - £1.2M
Sold Prices/m²£1.8K/m² - £6.3K/m²

 

 

Square Metres

~141 m²
Price/m²£3.1K/m²

Value Estimate

£536,800
BMV22%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£110,000

Stamp Duty & Legal Fees

£35,200

Total Cash In

£145,200

 

 

Cash Out

 

Room Rate

£680

Gross Rent

£3,400

Running Costs/mo

£2,706

Cashflow/mo

£695

Cashflow/yr

£8,334

ROI

6%

Gross Yield

9%

Local Sold Prices

41 sold prices from £319.3K to £1.2M, average is £675K. £1.8K/m² to £6.3K/m², average is £4.1K/m².

Price
Date
Distance
Address
Beds
 
£405K05/230 mi43, New Barns Avenue, Manchester, Greater Manchester M21 7DB5
£625K07/250.35 mi375, Barlow Moor Road, Manchester M21 7FZ5
£562.5K03/250.53 mi4, Christie Way, Manchester M21 7QY5
£765K12/240.63 mi24, Redland Crescent, Manchester M21 8DL5
£735K11/230.64 mi44, Clearwater Drive, Manchester, Greater Manchester M20 2ED5
£485K06/210.64 mi255, Kings Road, Chorlton Cum Hardy, Manchester, Greater Manchester M21 0XG5
£515K12/230.65 mi6, Manor Drive, Manchester M21 7GQ5
£515K12/230.65 mi6, Manor Drive, Manchester M21 7GQ5
£520K01/230.65 mi90, St Werburghs Road, Manchester, Greater Manchester M21 0UL5
£932K10/230.67 mi13, Chandos Road South, Manchester, Greater Manchester M21 0TH5
£885K03/250.68 mi28, Darley Avenue, Manchester M20 2YD5
£725K03/250.69 mi9, Kensal Drive, Manchester M20 2NE5
£675K09/240.7 mi51, White Moss Avenue, Manchester M21 0XS5
£675K09/240.7 mi51, White Moss Avenue, Manchester M21 0XS5
£777K01/230.7 mi6, Chestnut Avenue, Manchester, Greater Manchester M21 8BE5
£915K12/220.7 mi14, Ellesmere Road, Manchester, Greater Manchester M21 0SR5
£800K06/230.71 mi11, High Lane, Manchester, Greater Manchester M21 9DJ5
£625K10/230.73 mi10, Oak Avenue, Manchester, Greater Manchester M21 8BB5
£555K09/230.75 mi8, Holwood Drive, Manchester M16 8WS5
£555K09/230.75 mi8, Holwood Drive, Manchester M16 8WS5
£755K09/210.76 mi8, Chatfield Road, Manchester, Greater Manchester M21 8UR5
£620K01/220.77 mi2, Holwood Drive, Manchester, Greater Manchester M16 8WS5
£800K09/230.79 mi1a, Chequers Road, Manchester, Greater Manchester M21 9DX5
£319.3K03/250.81 mi36, Chequers Road, Manchester M21 9DY5
£319.3K03/250.81 mi36, Chequers Road, Manchester, Greater Manchester M21 9DY5
£510K03/230.82 mi52, Cavendish Road, Manchester, Greater Manchester M20 1QE5
£900K11/210.83 mi8, Chandos Road, Manchester, Greater Manchester M21 0ST5
£830K08/230.83 mi11, Groby Road, Manchester, Greater Manchester M21 8AF5
£921K03/250.83 mi12, Toddbrook Close, Manchester M20 1NB5
£642.5K02/250.83 mi5, Blair Road, Manchester, Greater Manchester M16 8NS5
£726.7K04/250.84 mi12, Blair Road, Manchester M16 8NS5
£726.7K04/250.84 mi12, Blair Road, Manchester M16 8NS5
£705K12/210.84 mi16, Ellesmere Road, Manchester, Greater Manchester M21 0SR5
£1.2M11/230.84 mi1, Darley Avenue, Manchester M20 2XE5
£705K02/240.85 mi22, Athol Road, Manchester, Greater Manchester M16 8QN5
£450K10/220.85 mi32, Athol Road, Manchester, Greater Manchester M16 8QN5
£642.5K02/250.87 mi5, Blair Road, Manchester M16 8NS5
£680K05/230.88 mi51, High Lane, Manchester, Greater Manchester M21 9FA5
£607K09/230.89 mi33, Brundretts Road, Manchester, Greater Manchester M21 9DA5
£560K10/220.92 mi13, Dovecote Mews, Manchester, Greater Manchester M21 9HN5
£930K03/230.99 mi15, Northen Grove, Manchester, Greater Manchester M20 2NL5

Local Area Statistics

Population in M21

29,233

Population in Manchester

920,095

Town centre distance

1.70 miles away

Nearest school

0.10 miles away

Nearest train station

0.24 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-12%

Sales demand

Seller's market

Capital growth (5yrs)

+40%

Property History

Listed for £440,000

November 22, 2024

Floor Plans

Property image

Description

  • NO CHAIN +
  • Well presented modern townhouse on a popular development well placed for Chorlton & Didsbury centres +
  • Four double bedrooms and three bathrooms +
  • Southerly facing rear garden +
  • Driveway and garage providing off road parking +
  • Spacious and versatile accommodation over three floors +
  • Short stroll from all local amenities, schools, parks and transport links +
  • Ideal for young couple, family or buy to let investor +
  • Currently tenanted - 5 bed HMO licence and produces a gross rental of £40,800 pa +
  • Council Tax: E. EPC: C. +

*NO CHAIN* A well presented FOUR BEDROOM TOWNHOUSE offering spacious and versatile ACCOMMODATION OVER THREE FLOORS. This splendid property benefits from both a SOUTHERLY FACING GARDEN as well as a GARAGE AND DRIVEWAY providing off road parking and will prove ideal for a young couple, family or buy to let investor alike. The property is located on the popular New Barns Development and is only a short walk from Chorlton Village, Beech Road, Burton Road in West Didsbury and all local schools, parks and transport links including the Metro. The accommodation briefly comprises: Entrance Porch, hallway, double bedroom with en-suite shower room, utility room and a reception room with French patio doors opening to the rear garden. To the first floor is the 18ft lounge and spacious dining kitchen with French patio doors opening to the balcony while the second floor reveals three good sized bedrooms, each with full height fitted wardrobes and the main also benefitting from an en-suite shower room and main family bathroom. Double glazing and gas central heating have been installed throughout. Externally, to the front of the property is a garden with mature plants and shrubbery and gated path leading to the front door. To the rear of the property is a fenced and enclosed garden which enjoys a sunny southerly aspect as well as both the driveway and garage which provide off road parking. An internal viewing is strongly recommended. Sold with no onward chain. Council Tax: E. EPC: C.

*NO CHAIN* A well presented FOUR BEDROOM TOWNHOUSE offering spacious and versatile ACCOMMODATION OVER THREE FLOORS. This splendid property benefits from both a SOUTHERLY FACING GARDEN as well as a GARAGE AND DRIVEWAY providing off road parking and will prove ideal for a young couple, family or buy to let investor alike. The property is located on the popular New Barns Development and is only a short walk from Chorlton Village, Beech Road, Burton Road in West Didsbury and all local schools, parks and transport links including the Metro. The accommodation briefly comprises: Entrance Porch, hallway, double bedroom with en-suite shower room, utility room and a reception room with French patio doors opening to the rear garden. To the first floor is the 18ft lounge and spacious dining kitchen with French patio doors opening to the balcony while the second floor reveals three good sized bedrooms, each with full height fitted wardrobes and the main also benefitting from an en-suite shower room and main family bathroom. Double glazing and gas central heating have been installed throughout. Externally, to the front of the property is a garden with mature plants and shrubbery and gated path leading to the front door. To the rear of the property is a fenced and enclosed garden which enjoys a sunny southerly aspect as well as both the driveway and garage which provide off road parking. An internal viewing is strongly recommended. Sold with no onward chain. Council Tax: E. EPC: C.

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Agent Details

Jordan Fishwick, Chorlton

0161 524 4998

Next Steps?

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