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





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£536,800 |
| BMV | 22% |
Cashflows
Cash In | |
Purchase Finance | MortgageMortgage |
Deposit (25%) | £110,000£110,000 |
Stamp Duty & Legal Fees | £35,200£35,200 |
Total Cash In | £145,200£145,200 |
| |
Cash Out | |
Room Rate | £680£680 |
Gross Rent | £3,400 |
Running Costs/mo | £2,706£2,706 |
Cashflow/mo | £695£695 |
Cashflow/yr | £8,334£8,334 |
ROI | 6%6% |
Gross Yield | 9%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 | Price/m² | m² | Beds | Type | ||
| £405K | 05/23 | 0 mi | 43, New Barns Avenue, Manchester, Greater Manchester M21 7DB | £2,852 | 142 | 5 | Semi-Detached House | ||
| £625K | 07/25 | 0.35 mi | 375, Barlow Moor Road, Manchester M21 7FZ | - | - | 5 | Semi-Detached House | ||
| £562.5K | 03/25 | 0.53 mi | 4, Christie Way, Manchester M21 7QY | £4,047 | 139 | 5 | Semi-Detached House | ||
| £765K | 12/24 | 0.63 mi | 24, Redland Crescent, Manchester M21 8DL | £6,322 | 121 | 5 | Semi-Detached House | ||
| £735K | 11/23 | 0.64 mi | 44, Clearwater Drive, Manchester, Greater Manchester M20 2ED | £3,561 | 206 | 5 | Semi-Detached House | ||
| £485K | 06/21 | 0.64 mi | 255, Kings Road, Chorlton Cum Hardy, Manchester, Greater Manchester M21 0XG | £3,170 | 153 | 5 | Semi-Detached House | ||
| £515K | 12/23 | 0.65 mi | 6, Manor Drive, Manchester M21 7GQ | £2,068 | 249 | 5 | Detached House | ||
| £515K | 12/23 | 0.65 mi | 6, Manor Drive, Manchester M21 7GQ | - | - | 5 | Detached House | ||
| £520K | 01/23 | 0.65 mi | 90, St Werburghs Road, Manchester, Greater Manchester M21 0UL | £2,781 | 187 | 5 | Semi-Detached House | ||
| £932K | 10/23 | 0.67 mi | 13, Chandos Road South, Manchester, Greater Manchester M21 0TH | - | - | 5 | Semi-Detached House | ||
| £885K | 03/25 | 0.68 mi | 28, Darley Avenue, Manchester M20 2YD | £4,136 | 214 | 5 | Semi-Detached House | ||
| £725K | 03/25 | 0.69 mi | 9, Kensal Drive, Manchester M20 2NE | £5,254 | 138 | 5 | Semi-Detached House | ||
| £675K | 09/24 | 0.7 mi | 51, White Moss Avenue, Manchester M21 0XS | £4,927 | 137 | 5 | Detached House | ||
| £675K | 09/24 | 0.7 mi | 51, White Moss Avenue, Manchester M21 0XS | - | - | 5 | Detached House | ||
| £777K | 01/23 | 0.7 mi | 6, Chestnut Avenue, Manchester, Greater Manchester M21 8BE | - | - | 5 | Semi-Detached House | ||
| £915K | 12/22 | 0.7 mi | 14, Ellesmere Road, Manchester, Greater Manchester M21 0SR | - | - | 5 | Semi-Detached House | ||
| £800K | 06/23 | 0.71 mi | 11, High Lane, Manchester, Greater Manchester M21 9DJ | £3,571 | 224 | 5 | Terraced House | ||
| £625K | 10/23 | 0.73 mi | 10, Oak Avenue, Manchester, Greater Manchester M21 8BB | - | - | 5 | Semi-Detached House | ||
| £555K | 09/23 | 0.75 mi | 8, Holwood Drive, Manchester M16 8WS | - | - | 5 | Detached House | ||
| £555K | 09/23 | 0.75 mi | 8, Holwood Drive, Manchester M16 8WS | £4,051 | 137 | 5 | Detached House | ||
| £755K | 09/21 | 0.76 mi | 8, Chatfield Road, Manchester, Greater Manchester M21 8UR | - | - | 5 | Semi-Detached House | ||
| £620K | 01/22 | 0.77 mi | 2, Holwood Drive, Manchester, Greater Manchester M16 8WS | £5,124 | 121 | 5 | Detached House | ||
| £800K | 09/23 | 0.79 mi | 1a, Chequers Road, Manchester, Greater Manchester M21 9DX | £4,848 | 165 | 5 | Semi-Detached House | ||
| £319.3K | 03/25 | 0.81 mi | 36, Chequers Road, Manchester M21 9DY | £1,784 | 179 | 5 | Terraced House | ||
| £319.3K | 03/25 | 0.81 mi | 36, Chequers Road, Manchester, Greater Manchester M21 9DY | £1,784 | 179 | 5 | Terraced House | ||
| £510K | 03/23 | 0.82 mi | 52, Cavendish Road, Manchester, Greater Manchester M20 1QE | £3,290 | 155 | 5 | Terraced House | ||
| £900K | 11/21 | 0.83 mi | 8, Chandos Road, Manchester, Greater Manchester M21 0ST | - | - | 5 | Semi-Detached House | ||
| £830K | 08/23 | 0.83 mi | 11, Groby Road, Manchester, Greater Manchester M21 8AF | £4,663 | 178 | 5 | Semi-Detached House | ||
| £921K | 03/25 | 0.83 mi | 12, Toddbrook Close, Manchester M20 1NB | £5,033 | 183 | 5 | Semi-Detached House | ||
| £642.5K | 02/25 | 0.83 mi | 5, Blair Road, Manchester, Greater Manchester M16 8NS | £3,473 | 185 | 5 | Terraced House | ||
| £726.7K | 04/25 | 0.84 mi | 12, Blair Road, Manchester M16 8NS | £3,633 | 200 | 5 | Semi-Detached House | ||
| £726.7K | 04/25 | 0.84 mi | 12, Blair Road, Manchester M16 8NS | - | - | 5 | Semi-Detached House | ||
| £705K | 12/21 | 0.84 mi | 16, Ellesmere Road, Manchester, Greater Manchester M21 0SR | - | - | 5 | Semi-Detached House | ||
| £1.2M | 11/23 | 0.84 mi | 1, Darley Avenue, Manchester M20 2XE | £5,349 | 229 | 5 | Detached House | ||
| £705K | 02/24 | 0.85 mi | 22, Athol Road, Manchester, Greater Manchester M16 8QN | £4,247 | 166 | 5 | Terraced House | ||
| £450K | 10/22 | 0.85 mi | 32, Athol Road, Manchester, Greater Manchester M16 8QN | - | - | 5 | Terraced House | ||
| £642.5K | 02/25 | 0.87 mi | 5, Blair Road, Manchester M16 8NS | - | - | 5 | Terraced House | ||
| £680K | 05/23 | 0.88 mi | 51, High Lane, Manchester, Greater Manchester M21 9FA | £4,146 | 164 | 5 | Terraced House | ||
| £607K | 09/23 | 0.89 mi | 33, Brundretts Road, Manchester, Greater Manchester M21 9DA | - | - | 5 | Terraced House | ||
| £560K | 10/22 | 0.92 mi | 13, Dovecote Mews, Manchester, Greater Manchester M21 9HN | £4,905 | 114 | 5 | Terraced House | ||
| £930K | 03/23 | 0.99 mi | 15, Northen Grove, Manchester, Greater Manchester M20 2NL | £5,769 | 161 | 5 | Semi-Detached House |
Local Area Statistics
Population in M21 | 29,23329,233 |
Population in Manchester | 920,095920,095 |
Town centre distance | 1.70 miles away1.70 miles away |
Nearest school | 0.10 miles away0.10 miles away |
Nearest train station | 0.24 miles away0.24 miles away |
| |
Rental demand | Landlord's marketLandlord's market |
Rental growth (12m) | -12%-12% |
Sales demand | Seller's marketSeller's market |
Capital growth (5yrs) | +40%+40% |
Property History
Listed for £440,000
November 22, 2024
Floor Plans
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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