ValuationUndervalued

Sold Prices	£200K - £590K
Sold Prices/m²	£2K/m² - £4.6K/m²

Square Metres	111 m²
Price/m²	£2.3K/m²
Value Estimate	£286,836£286,836
BMV	15%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£62,500£62,500
Stamp Duty & Legal Fees	£8,700£8,700
Total Cash In	£71,200£71,200

Cash Out
Room Rate	£604£604
Gross Rent	£2,416
Running Costs/mo	£1,751£1,751
Cashflow/mo	£665£665
Cashflow/yr	£7,981£7,981
ROI	11%11%
Gross Yield	12%12%

Local Sold Prices

24 sold prices from £200K to £590K, average is £400K. £2K/m² to £4.6K/m², average is £3.4K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£277K	11/21	0.25 mi	12, Whimberry Close, Salford M5 3WL	£2,270	122	4	Semi-Detached House
£277K	11/21	0.25 mi	12, Whimberry Close, Salford M5 3WL	-	-	4	Detached House
£277K	11/21	0.27 mi	12, Whimberry Close, Salford, Greater Manchester M5 3WL	-	-	4	Detached House
£200K	05/22	0.51 mi	15, Ewart Avenue, Salford, Greater Manchester M5 4HN	£2,105	95	4	Terraced House
£200K	05/23	0.53 mi	6, Chevron Close, Salford, Greater Manchester M6 5AA	£2,062	97	4	Terraced House
£560K	07/24	0.73 mi	22, Merchants Quay, Salford M50 3XR	£4,590	122	4	Terraced House
£560K	07/24	0.73 mi	22, Merchants Quay, Salford M50 3XR	-	-	4	Detached House
£560K	07/24	0.73 mi	22, Merchants Quay, Salford, Greater Manchester M50 3XR	£4,590	122	4	Terraced House
£590K	05/25	0.74 mi	30, Merchants Quay, Salford M50 3XR	£4,609	128	4	Terraced House
£590K	05/25	0.74 mi	30, Merchants Quay, Salford M50 3XR	-	-	4	Detached House
£402K	10/21	0.75 mi	119, Vancouver Quay, Salford M50 3TX	£3,322	121	4	Terraced House
£295K	10/24	0.76 mi	55, Cornbrook Park Road, Old Trafford M15 4EH	-	-	4	Terraced House
£550K	12/24	0.77 mi	52, Merchants Quay, Salford M50 3XG	£4,297	128	4	Terraced House
£550K	12/24	0.77 mi	52, Merchants Quay, Salford M50 3XG	-	-	4	Terraced House
£295K	10/24	0.78 mi	55, Cornbrook Park Road, Manchester, Greater Manchester M15 4EH	£2,706	109	4	Terraced House
£550K	12/24	0.8 mi	52, Merchants Quay, Salford, Greater Manchester M50 3XG	£4,297	128	4	Terraced House
£475K	01/24	0.83 mi	113, Merchants Quay, Salford, Greater Manchester M50 3XQ	£3,442	138	4	Terraced House
£475K	01/24	0.86 mi	113, Merchants Quay, Salford M50 3XQ	-	-	4	Terraced House
£400K	03/23	0.89 mi	17, Tysoe Gardens, Salford M3 6BL	£3,419	117	4	Semi-Detached House
£400K	03/23	0.89 mi	17, Tysoe Gardens, Salford M3 6BL	-	-	4	Semi-Detached House
£203.5K	11/21	0.92 mi	3, My Street, Salford, Greater Manchester M5 5GA	£2,033	100	4	Terraced House
£233K	05/22	0.95 mi	2, Royce Road, Manchester M15 5LY	-	-	4	Semi-Detached House
£233K	05/22	0.97 mi	2, Royce Road, Hulme, Manchester, Greater Manchester M15 5LY	£2,807	83	4	Semi-Detached House
£325K	07/24	1 mi	12, Wadlow Close, Salford M3 6WD	-	-	4	Semi-Detached House

Local Area Statistics

Population in M5	14,44514,445
Population in Salford	88,69788,697
Town centre distance	2.28 miles away2.28 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.53 miles away0.53 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+9%+9%
Sales demand	Buyer's marketBuyer's market
Capital growth (5yrs)	+9%+9%

Property History

Listed for £250,000

January 15, 2025

Floor Plans

Description

FOUR BED HMO +
CURRENTLY TENANTED +
STUDENT ACCOMODATION +
HANDS OFF INVESTMENT +
11.23% YIELD +
£29,000 ANNUALLY +

MISTORIA ESTATE AGENTS
HANDS OFF INVESTMENT
GENERATING INCOME
11.23% Yield
Annual income £29,000

Welcome to this charming terraced house located on Coronation Street in Salford! Situated in a prime location close to universities, this property is currently set up as a 4-bed HMO (House in Multiple Occupation) with student tenants in place. This makes it an ideal investment for those looking to generate rental income in a popular student let area.

Agent Details

Mistoria, Worsley, Walkden

0161 524 3711

Next Steps?

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

4 Bed HMO, Salford, M5 3SA £250,000