4 Bed HMO, Salford, M7 2HG, £199,999

41 Mildred Street, Salford - 48 views - 5 months ago

Sold STC
HMO
ROI: 22%
98 m²
+12 photos

ValuationUndervalued

Sold Prices£143.5K - £500K
Sold Prices/m²£995/m² - £3.4K/m²

 

 

Square Metres

98 m²
Price/m²£2K/m²

Value Estimate

£249,999
BMV25%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£50,000

Stamp Duty & Legal Fees

£7,200

Total Cash In

£57,200

 

 

Cash Out

 

Room Rate

£672

Gross Rent

£2,688

Running Costs/mo

£1,639

Cashflow/mo

£1,049

Cashflow/yr

£12,590

ROI

22%

Gross Yield

16%

Local Sold Prices

25 sold prices from £143.5K to £500K, average is £335K. £995/m² to £3.4K/m², average is £2.8K/m².

PriceDateDistanceAddressBeds 
£345K12/220.14 mi13, The Polygon, Salford, Greater Manchester M7 2HS4
£330K11/210.22 mi30, Hugh Oldham Drive, Salford, Greater Manchester M7 2HJ4
£320K08/230.3 mi16, Priory Avenue, Salford, Greater Manchester M7 2HA4
£250K04/210.31 mi141, Broughton Lane, Salford, Greater Manchester M7 1UE4
£195K11/200.36 mi10, Kempster Gardens, Salford, Greater Manchester M7 1AD4
£350K01/240.37 mi34, Kempster Gardens, Salford, Greater Manchester M7 1AD4
£270K05/230.38 mi152, Broughton Lane, Salford, Greater Manchester M7 1UF4
£335K12/220.41 mi5, Sandringham Gardens, Salford, Greater Manchester M7 1AN4
£200K12/200.55 mi2, Cliff Crescent, Salford, Greater Manchester M7 2FQ4
£235K08/220.66 mi176, Littleton Road, Salford, Greater Manchester M7 3RQ4
£415K11/210.69 mi84, Wellington Street East, Salford, Greater Manchester M7 4DW4
£375K05/210.8 mi15, Mallow Drive, Salford, Greater Manchester M7 1RA4
£430K01/210.83 mi2, Radford Street, Salford, Greater Manchester M7 4NT4
£345K03/210.87 mi36, Meadow Road, Salford, Greater Manchester M7 1PA4
£317.5K04/210.92 mi9, Degas Close, Salford, Greater Manchester M7 3BG4
£410K03/210.94 mi6, Tuscany View, Salford, Greater Manchester M7 3TX4
£365K08/210.94 mi7, Tuscany View, Salford, Greater Manchester M7 3TX4
£342K01/210.94 mi5, Tuscany View, Salford, Greater Manchester M7 3TX4
£435K06/210.96 mi9, Park Street, Salford, Greater Manchester M7 4NJ4
£430K11/220.96 mi132, Nevile Road, Salford, Greater Manchester M7 3PH4
£230K06/210.97 mi14, Georgette Drive, Salford, Greater Manchester M3 7AF4
£230K06/210.97 mi14, Georgette Drive, Salford, Greater Manchester M3 7AF4
£500K01/230.98 mi26, Moorside Road, Salford, Greater Manchester M7 3PJ4
£143.5K01/210.99 mi262, Littleton Road, Salford, Greater Manchester M7 3QS4
£300K03/210.99 mi4a, The Drive, Salford, Greater Manchester M7 3ND4

Local Area Statistics

Population in M7

27,601

Population in Salford

88,697

Town centre distance

1.50 miles away

Nearest train station

1 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+36%

Sales demand

Seller's market

Capital growth (5yrs)

+38%

Property History

Listed for £199,999

November 25, 2024

Floor Plans

Description

  • VACANT +
  • FOUR BED HMO +
  • REQUIRES LIGHT UPDATE +
  • IDEAL STUDENT LET +
  • LARGE TERRACE +
  • INVESTORS!!! +

VACANT HMO
IDEAL INVESTMENT
FOUR BEDROOMS
FANTASTIC ADDITION TO ANY PORTFOLIO
SOME LIGHT UPDATING REQUIRED

Welcome to Mildred Street, Salford! This charming property, dating back to the early 1900s, offers a spacious living arrangement with 4 bedrooms, making it an ideal choice for those seeking a comfortable and convenient home.

Situated in a prime location, this house boasts a generous 1,055 sq ft of living space, providing ample room for both relaxation and entertainment. The property features a large kitchen, perfect for whipping up delicious meals and hosting gatherings with friends and family.

With its four bedrooms, this house is well-suited for a student HMO or individuals looking to accommodate a sharers. The property's layout includes one reception room, offering a welcoming space to unwind after a long day.

While the house requires some updating, it presents a fantastic opportunity for the right investor. Don't miss out on the chance to transform this property into a stylish and modern living space that suits your personal taste and preferences.

In summary, Mildred Street offers a wonderful prospect for anyone looking to invest in a property with great potential. Whether you're a student seeking a comfortable residence or a family in need of more space, this house could be the perfect place to call home.

Agent Details

Mistoria, Worsley, Walkden

0161 524 3711

Next Steps?

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