5 Bed HMO, Manchester, M35 0LB, £295,000
ValuationUndervalued
| Sold Prices | £100K - £860K |
| Sold Prices/m² | £655/m² - £5.3K/m² |
| |
Square Metres | ~178.28 m² |
| Price/m² | £1.7K/m² |
Value Estimate | £356,950£356,950 |
| BMV | 21% |
Cashflows
Cash In | |
Purchase Finance | MortgageMortgage |
Deposit (25%) | £73,750£73,750 |
Stamp Duty & Legal Fees | £12,300£12,300 |
Total Cash In | £86,050£86,050 |
| |
Cash Out | |
Room Rate | £633£633 |
Gross Rent | £3,165£3,165 |
Running Costs/mo | £2,155£2,155 |
Cashflow/mo | £1,010£1,010 |
Cashflow/yr | £12,116£12,116 |
ROI | 14%14% |
Gross Yield | 13%13% |
Local Sold Prices
49 sold prices from £100K to £860K, average is £300K. £655/m² to £5.3K/m², average is £2.5K/m².
| Price | Date | Distance | Address | Price/m² | m² | Beds | Type | |
| £299.9K | 02/21 | 0.62 mi | 38, Leicester Road, Failsworth, Manchester, Greater Manchester M35 0GN | £3,123 | 96 | 5 | Semi-Detached House | |
| £365K | 06/21 | 0.72 mi | 6, Windsor Road, Newton Heath, Manchester, Greater Manchester M40 1QQ | £2,559 | 143 | 5 | Semi-Detached House | |
| £150K | 03/23 | 0.79 mi | 48, Berry Brow, Manchester, Greater Manchester M40 1GG | £655 | 229 | 5 | Semi-Detached House | |
| £422K | 02/23 | 1.04 mi | 61, Northfield Road, Manchester, Greater Manchester M40 3RN | £2,527 | 167 | 5 | Detached House | |
| £495K | 01/22 | 1.19 mi | 13, Hartshead Crescent, Failsworth, Manchester, Greater Manchester M35 9UD | £2,592 | 191 | 5 | Detached House | |
| £350K | 11/20 | 1.21 mi | 287, Hollinwood Avenue, Chadderton, Oldham, Greater Manchester OL9 9NG | £2,047 | 171 | 5 | Semi-Detached House | |
| £300K | 10/22 | 1.35 mi | 98, Montgomery Street, Oldham, Greater Manchester OL8 3PS | - | - | 5 | Semi-Detached House | |
| £260K | 03/21 | 1.54 mi | 13, Brooklands Drive, Droylsden, Manchester, Greater Manchester M43 7LP | £2,680 | 97 | 5 | Semi-Detached House | |
| £330K | 03/21 | 1.58 mi | 69, Hinchley Road, Manchester, Greater Manchester M9 7FG | £1,953 | 169 | 5 | Detached House | |
| £390K | 08/21 | 1.58 mi | 67, Hinchley Road, Manchester, Greater Manchester M9 7FG | - | - | 5 | Detached House | |
| £290K | 10/21 | 1.6 mi | 148, Greenside Lane, Droylsden, Manchester, Greater Manchester M43 7UT | - | - | 5 | Detached House | |
| £412.5K | 07/22 | 1.6 mi | 11, Osprey Drive, Droylsden, Manchester, Greater Manchester M43 7TB | £2,515 | 164 | 5 | Detached House | |
| £350K | 11/20 | 1.65 mi | 9, Condor Close, Droylsden, Manchester, Greater Manchester M43 7TW | £3,398 | 103 | 5 | Semi-Detached House | |
| £400K | 05/23 | 1.74 mi | 35, Peregrine Crescent, Droylsden, Manchester, Greater Manchester M43 7TA | £2,759 | 145 | 5 | Detached House | |
| £570K | 06/21 | 1.85 mi | Morningside, Back Lane, Ashton-under-lyne, Greater Manchester OL7 9JZ | £3,276 | 174 | 5 | Detached House | |
| £290K | 10/20 | 1.88 mi | 10, Saddle Grove, Droylsden, Manchester, Greater Manchester M43 7JQ | £2,479 | 117 | 5 | Detached House | |
| £290K | 10/20 | 1.88 mi | 10, Saddle Grove, Droylsden, Manchester, Greater Manchester M43 7JQ | £2,479 | 117 | 5 | Detached House | |
| £262K | 12/20 | 1.89 mi | 18, Copperas Lane, Droylsden, Manchester, Greater Manchester M43 6HP | £2,701 | 97 | 5 | Semi-Detached House | |
| £183K | 04/21 | 2 mi | 11, Grove Street, Ashton-under-lyne, Greater Manchester OL7 9JU | - | - | 5 | Semi-Detached House | |
| £231K | 01/21 | 2.14 mi | 140, Andover Avenue, Middleton, Manchester, Greater Manchester M24 1JW | £2,243 | 103 | 5 | Detached House | |
| £570K | 01/23 | 2.17 mi | Lumb Farm, Lumb Lane, Audenshaw, Manchester, Greater Manchester M34 5RU | £2,992 | 191 | 5 | Detached House | |
| £376K | 03/22 | 2.23 mi | 25, Craydon Street, Openshaw, Manchester, Greater Manchester M11 2FW | £1,435 | 262 | 5 | Detached House | |
| £335K | 11/23 | 2.23 mi | 34, Harmol Grove, Ashton-under-lyne, Greater Manchester OL7 9NW | £2,702 | 124 | 5 | Semi-Detached House | |
| £285K | 06/21 | 2.3 mi | 1540, Ashton Old Road, Manchester, Greater Manchester M11 1HN | - | - | 5 | Semi-Detached House | |
| £252K | 10/22 | 2.3 mi | 1508, Ashton Old Road, Manchester, Greater Manchester M11 1HN | £2,165 | 116 | 5 | Semi-Detached House | |
| £103.5K | 01/21 | 2.3 mi | 1540, Ashton Old Road, Manchester, Greater Manchester M11 1HN | - | - | 5 | Semi-Detached House | |
| £280K | 02/21 | 2.31 mi | 77, Manchester Road, Audenshaw, Manchester, Greater Manchester M34 5PZ | £1,739 | 161 | 5 | Semi-Detached House | |
| £190K | 01/21 | 2.34 mi | 172, Frederick Street, Oldham, Greater Manchester OL8 4DH | £1,131 | 168 | 5 | Terraced House | |
| £254.9K | 03/21 | 2.35 mi | 39, Fold Green, Chadderton, Oldham, Greater Manchester OL9 9DX | - | - | 5 | Semi-Detached House | |
| £170K | 12/22 | 2.39 mi | 194, Hollins Road, Oldham, Greater Manchester OL8 3DG | £1,478 | 115 | 5 | Terraced House | |
| £310K | 02/23 | 2.42 mi | 11, Orme Close, Manchester, Greater Manchester M11 3JX | £2,153 | 144 | 5 | Terraced House | |
| £350K | 02/23 | 2.46 mi | 9, Shirley Avenue, Audenshaw, Manchester, Greater Manchester M34 5WF | - | - | 5 | Semi-Detached House | |
| £550K | 08/23 | 2.49 mi | 17, Boothdale Drive, Audenshaw, Manchester, Greater Manchester M34 5JU | £2,033 | 271 | 5 | Detached House | |
| £185K | 02/23 | 2.49 mi | 124, Gainsborough Avenue, Oldham, Greater Manchester OL8 1AJ | £1,381 | 134 | 5 | Terraced House | |
| £355K | 05/21 | 2.55 mi | 22, Kelson Avenue, Ashton-under-lyne, Greater Manchester OL7 9DY | £3,737 | 95 | 5 | Detached House | |
| £686K | 08/21 | 2.6 mi | 86, Mainway, Middleton, Manchester, Greater Manchester M24 1PP | £5,318 | 129 | 5 | Detached House | |
| £860K | 12/22 | 2.62 mi | 57a, Taunton Road, Ashton-under-lyne, Greater Manchester OL7 9DR | £3,162 | 272 | 5 | Detached House | |
| £300K | 01/23 | 2.64 mi | 6, Taunton Avenue, Ashton-under-lyne, Greater Manchester OL7 9DS | - | - | 5 | Semi-Detached House | |
| £218K | 11/20 | 2.65 mi | 145, Hill Lane, Manchester, Greater Manchester M9 6PW | £1,639 | 133 | 5 | Semi-Detached House | |
| £422K | 02/21 | 2.68 mi | 33, Holden Clough Drive, Ashton-under-lyne, Greater Manchester OL7 9TH | - | - | 5 | Detached House | |
| £260K | 11/22 | 2.72 mi | 37, Saddlecote Close, Manchester, Greater Manchester M8 5QE | £2,359 | 110 | 5 | Terraced House | |
| £284K | 04/23 | 2.74 mi | 38, Greenhill Road, Middleton, Manchester, Greater Manchester M24 2BD | £3,191 | 89 | 5 | Terraced House | |
| £367.5K | 06/23 | 2.8 mi | 25, Southwell Gardens, Ashton-under-lyne, Greater Manchester OL6 8XS | £3,114 | 118 | 5 | Detached House | |
| £410K | 10/23 | 2.83 mi | 22, Alder Close, Ashton-under-lyne, Greater Manchester OL6 8XR | - | - | 5 | Detached House | |
| £280K | 05/21 | 2.85 mi | 9, Larchwood, Chadderton, Oldham, Greater Manchester OL9 9TD | £2,828 | 99 | 5 | Detached House | |
| £370K | 11/21 | 2.86 mi | 27, Brooms Park, Chadderton, Oldham, Greater Manchester OL9 9GH | - | - | 5 | Detached House | |
| £100K | 01/23 | 2.88 mi | 74, Broadway Street, Oldham, Greater Manchester OL8 1LR | £847 | 118 | 5 | Semi-Detached House | |
| £225K | 08/23 | 2.89 mi | 17, Runhall Close, Manchester, Greater Manchester M12 5PY | - | - | 5 | Terraced House | |
| £380K | 04/21 | 2.98 mi | 148, Henrietta Street, Ashton-under-lyne, Greater Manchester OL6 8PH | - | - | 5 | Semi-Detached House |
Local Area Statistics
Population in M35 | 20,67120,671 |
Population in Manchester | 920,095920,095 |
Town centre distance | 4.95 miles away4.95 miles away |
Nearest school | 0.10 miles away0.10 miles away |
Nearest train station | 0.37 miles away0.37 miles away |
| |
Rental growth (12m) | +90%+90% |
Sales demand | Balanced marketBalanced market |
Capital growth (5yrs) | +27%+27% |
Property History
Listed for £295,000
December 18, 2024
Floor Plans
Description
- HMO +
- 5 Bedrooms +
- Extended +
- Off Road Parking +
- Conservatory +
- Loft Conversion +
The Property
This spacious 5-bedroom HMO semi-detached property offers an excellent opportunity for investors seeking versatile living space. The ground floor features a convenient , along with an open-plan kitchen, dining, and living area, perfect for modern living and entertaining. Additionally, there are two well-proportioned bedrooms, a conservatory providing extra living space, and a utility room for added convenience. A shower room completes the downstairs layout.
The first floor includes two more comfortable bedrooms and a shower room. The loft conversion offers a further bedroom, ideal for extra privacy or guests.
Off-road parking is available to the side of the property, ensuring ease of access and parking. With ample living space spread across multiple levels, this property presents a fantastic opportunity for a range of buyers looking for a spacious, adaptable property
Property Description Disclaimer
This is a general description of the property only, and is not intended to constitute part of an offer or contract. It has been verified by the seller(s), unless marked as 'draft'. Purplebricks conducts some valuations online and some of our customers prepare their own property descriptions, so if you decide to proceed with a viewing or an offer, please note this information may have been provided solely by the vendor, and we may not have been able to visit the property to confirm it. If you require clarification on any point then please contact us, especially if you’re traveling some distance to view. All information should be checked by your solicitor prior to exchange of contracts. Successful buyers will be required to complete anti-money laundering checks. Our partner, Lifetime Legal Limited, will carry out the initial checks on our behalf. The current non-refundable cost is £80 inc. VAT per offer. You’ll need to pay this to Lifetime Legal and complete all checks before we can issue a memorandum of sale. The cost includes obtaining relevant data and any manual checks and monitoring which might be required, and includes a range of benefits. Purplebricks will receive some of the fee taken by Lifetime Legal to compensate for its role in providing these checks.