4 Bed HMO, Manchester, M26 1JJ £325,000

193 STAND LANE, Manchester, M26 1JJ - 1 views - a year ago
Sold STC
HMO
Outside Article 4
ROI: 4%
~121 m²
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+15 photos

ValuationUndervalued

Sold Prices£116K - £1.0M
Sold Prices/m²£2.2K/m² - £4.8K/m²

 

 

Square Metres

~120.70 m²
Price/m²£2.7K/m²

Value Estimate

£373,116
BMV15%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£81,250

Stamp Duty & Legal Fees

£23,700

Total Cash In

£104,950

 

 

Cash Out

 

Room Rate

£581

Gross Rent

£2,324

Running Costs/mo

£1,988

Cashflow/mo

£336

Cashflow/yr

£4,026

ROI

4%

Gross Yield

9%

Local Sold Prices

50 sold prices from £116K to £1.0M, average is £425K. £2.2K/m² to £4.8K/m², average is £3.2K/m².

Price
Date
Distance
Address
Beds
 
£395K03/250.07 mi4, Bankside Place, Manchester M26 1RW4
£342K01/230.15 mi38, Rossall Avenue, Radcliffe, Manchester, Greater Manchester M26 1JD4
£243K07/230.22 mi11, Dingle Close, Radcliffe, Manchester, Greater Manchester M26 1UN4
£380K10/220.23 mi12, Ardenfield Close, Radcliffe, Manchester, Greater Manchester M26 1UP4
£345K12/240.24 mi9, Dingle Close, Manchester M26 1UN4
£300K08/220.25 mi39, Greendale Drive, Radcliffe, Manchester, Greater Manchester M26 1UE4
£410K11/220.25 mi53, Greendale Drive, Radcliffe, Manchester, Greater Manchester M26 1UE4
£300K10/210.26 mi8, Greendale Drive, Radcliffe, Manchester, Greater Manchester M26 1UQ4
£720K09/230.31 mi108, Radcliffe New Road, Whitefield, Manchester, Greater Manchester M45 7WQ4
£325K04/230.32 mi7, Glenwood Close, Radcliffe, Manchester, Greater Manchester M26 1UD4
£355K11/240.32 mi17, Glenwood Close, Manchester M26 1UD4
£267.5K04/250.37 mi14, Lodge Close, Manchester M26 1QZ4
£585K09/240.38 mi10, Holcombe Grove, Manchester M26 1SE4
£116K05/210.41 mi71, Rupert Street, Radcliffe, Manchester, Greater Manchester M26 1BE4
£1.0M12/220.46 mi40, Ringley Road, Whitefield, Manchester, Greater Manchester M45 7LL4
£397.5K03/250.49 mi27, Ringley Road West, Manchester M26 1DL4
£765K05/250.49 mi36, Ashbourne Grove, Manchester M45 7WL4
£765K05/250.49 mi36, Ashbourne Grove, Manchester M45 7WL4
£540K05/210.5 mi20, Dales Lane, Whitefield, Manchester, Greater Manchester M45 7WW4
£375K06/210.5 mi21, Dales Lane, Whitefield, Manchester, Greater Manchester M45 7JN4
£430K05/230.51 miLatham, Myrtle Grove, Whitefield, Manchester, Greater Manchester M45 7RR4
£425K09/210.52 mi17, Kibworth Close, Whitefield, Manchester, Greater Manchester M45 7LS4
£446.5K09/220.52 mi64, Ringley Road, Whitefield, Manchester, Greater Manchester M45 7LN4
£520K03/250.53 mi6, Kibworth Close, Manchester M45 7LS4
£520K03/250.53 mi6, Kibworth Close, Manchester M45 7LS4
£675K03/250.57 mi54, Dales Lane, Manchester M45 7NN4
£675K03/250.57 mi54, Dales Lane, Manchester M45 7NN4
£665K06/210.58 mi4, Old Hall Road, Whitefield, Manchester, Greater Manchester M45 7QW4
£425K06/250.58 mi38, Wingate Drive, Manchester M45 7QY4
£425K06/250.58 mi38, Wingate Drive, Manchester M45 7QY4
£397K10/240.6 mi8, Deane Close, Whitefield, Manchester, Greater Manchester M45 7LG4
£508K04/240.6 mi4, Ringley Close, Manchester M45 7HR4
£722.5K01/230.6 miWhite House, Old Hall Lane, Whitefield, Manchester, Greater Manchester M45 7HY4
£300K09/230.6 mi49, Radcliffe New Road, Whitefield, Manchester, Greater Manchester M45 7QZ4
£700K09/240.62 mi1, The Square, Whitefield M45 7UL4
£620K07/240.63 mi12, Ringley Chase, Manchester M45 7UA4
£715K11/220.64 mi24, Fairhaven Avenue, Whitefield, Manchester, Greater Manchester M45 7QG4
£642K06/240.64 mi5, Sunningdale Avenue, Whitefield M45 7GW4
£550K08/240.65 mi22, Fairhaven Avenue, Manchester M45 7QG4
£695K08/240.65 mi11, Sunningdale Avenue, Manchester M45 7GW4
£350K06/230.65 mi12, Standmoor Road, Whitefield, Manchester, Greater Manchester M45 7PN4
£645K07/240.66 mi2, Sergeants Lane, Whitefield M45 7TS4
£375K03/250.66 mi27, Sergeants Lane, Manchester M45 7TR4
£375K03/250.66 mi27, Sergeants Lane, Manchester M45 7TR4
£385K01/230.67 mi19, Standmoor Road, Whitefield, Manchester, Greater Manchester M45 7PJ4
£463K09/210.68 mi135, Higher Lane, Whitefield, Manchester, Greater Manchester M45 7WH4
£405K04/230.69 mi45, Hawkstone Avenue, Whitefield, Manchester, Greater Manchester M45 7PR4
£400K11/240.69 mi4, Standmoor Road, Whitefield M45 7PN4
£250K02/250.7 mi6, East Avenue, Whitefield, Manchester, Greater Manchester M45 7JD4
£416K05/250.7 mi44, Chapeltown Road, Radcliffe M26 1YF4

Local Area Statistics

Population in M26

34,895

Population in Manchester

920,095

Town centre distance

7.21 miles away

Nearest school

0.10 miles away

Nearest train station

0.72 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+13%

Sales demand

Seller's market

Capital growth (5yrs)

+32%

Property History

Listed for £325,000

December 20, 2024

Floor Plans

Property image

Description

  • stunning, fully refurbished four bedroom semi-detached +
  • situated in a highly sought-after location +
  • this exceptional home has undergone an extensive transformation, making it an ideal choice for a growing family or as a HMO investment +
  • full re-wiring, brand-new plumbing and heating system +
  • re-plastered walls throughout, newly decorated interior and newly fitted carpets +
  • the addition of ensuite shower rooms to bedrooms for enhanced comfort +
  • a single-storey rear extension featuring a show-stopping open-plan lounge/kitchen. This stylish space is fitted with a sleek, modern kitchen with a central island +
  • newly rendered external elevations for a contemporary finish +
  • perfectly located close to local amenities, including nearby schools, shops, Whitefield and Radcliffe Metrolink stations, with excellent connectivity to Manchester city centre and the nearby motorway +
  • viewing a must!!!! +

Pearson Ferrier Estate Agents are delighted to present this stunning, fully refurbished four bedroom semi-detached property to the market. Situated in a highly sought-after location, this exceptional home has undergone an extensive transformation, making it an ideal choice for a growing family or as a lucrative HMO investment.

The property boasts a comprehensive refurbishment, including:

- Full re-wiring, brand-new plumbing and heating system.

- Re-plastered walls throughout, newly decorated interior and fitted carpets.

- The addition of ensuite shower rooms to bedrooms for enhanced comfort.

- A single-storey rear extension featuring a show-stopping open-plan lounge/kitchen. This stylish space is fitted with a sleek, modern kitchen with a central island, complemented by Anthracite Grey bi-folding doors that open onto a professionally landscaped rear garden.

- Newly rendered external elevations for a contemporary finish.

Perfectly located close to local amenities, including nearby schools, shops, Whitefield and Radcliffe Metrolink stations, this property offers excellent connectivity to Manchester city centre and the nearby motorway network.

This immaculate home is ready to cater to the needs of a large family or investors looking to capitalise on its HMO potential. Viewing is highly recommended to truly appreciate the quality and attention to detail of this outstanding property.

Hallway -

Reception Room -

Study/Ground Floor Bedroom -

Ensuite -

Dining Area -

Open Plan Kitchen/Lounge -

Utility Room -

First Floor -

Bedroom -

Ensuite -

Bedroom -

Wc -

Bedroom -

Family Bathroom -

Outside -

Additional Information - Tenure - Freehold
Council Tax band B payable to Bury MBC. Council Tax rates amount for 2024/2025 = £1780.17
EPC Rating: C

All statements contained in these particulars are for indicative purposes only and are made without responsibility on the part of Pearson Ferrier and the vendors of this property and are not to be relied on as statements or representations of fact. Potential purchasers should satisfy themselves by inspection or otherwise as to the accuracy of such details contained in these particulars.

Agent Details

Pearson Ferrier, Radcliffe

0161 524 5206

Next Steps?

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