5 Bed HMO, Salford, M5 5HL, £325,000

Weaste Road, Salford, M5 5HL - 16 views - 2 months ago

HMO
ROI: 12%
~178 m²
+4 photos

ValuationUndervalued

Sold Prices£128K - £1.3M
Sold Prices/m²£658/m² - £4.6K/m²

 

 

Square Metres

~178.28 m²
Price/m²£1.8K/m²

Value Estimate

£393,250
BMV21%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£81,250

Stamp Duty & Legal Fees

£14,700

Total Cash In

£95,950

 

 

Cash Out

 

Room Rate

£650

Gross Rent

£3,250

Running Costs/mo

£2,277

Cashflow/mo

£973

Cashflow/yr

£11,674

ROI

12%

Gross Yield

12%

Local Sold Prices

43 sold prices from £128K to £1.3M, average is £440K. £658/m² to £4.6K/m², average is £2.6K/m².

PriceDateDistanceAddressBeds 
£235K09/220.04 mi4, Lords Avenue, Salford, Greater Manchester M5 5HH5
£280K02/210.39 mi188, Derby Road, Salford, Greater Manchester M5 5NA5
£128K06/210.4 mi5, Cemetery Road, Salford, Greater Manchester M5 5WG5
£163K09/230.55 mi22, Milford Street, Salford, Greater Manchester M6 5GQ5
£560K09/230.64 mi25, Lullington Road, Salford, Greater Manchester M6 8GW5
£435K12/200.65 mi173, Claremont Road, Salford, Greater Manchester M6 8PA5
£522.5K10/220.65 mi151, Claremont Road, Salford, Greater Manchester M6 8PA5
£352.5K05/210.75 mi2b, Wilton Road, Salford, Greater Manchester M6 8FP5
£432.5K09/230.79 mi45, Devonshire Road, Salford, Greater Manchester M6 8HZ5
£223K04/210.85 mi22, Hayfield Road, Salford, Greater Manchester M6 8PZ5
£475K08/220.89 mi11, Park Road, Salford, Greater Manchester M6 8HN5
£525K11/230.91 mi32, Park Road, Salford, Greater Manchester M6 8JP5
£339K03/210.96 mi71, Claremont Road, Salford, Greater Manchester M6 7GP5
£368K02/210.98 mi72, Park Road, Salford, Greater Manchester M6 8JR5
£370K05/210.98 mi8, Gilda Crescent Road, Eccles, Manchester, Greater Manchester M30 9AG5
£375K03/230.99 mi5, Emerson Avenue, Eccles, Manchester, Greater Manchester M30 0DQ5
£320K10/201.05 mi27, Snowdon Road, Eccles, Manchester, Greater Manchester M30 9AS5
£577K05/221.13 mi6, Portland Road, Eccles, Manchester, Greater Manchester M30 9DP5
£500K10/201.2 mi5, Clarendon Crescent, Eccles, Manchester, Greater Manchester M30 9AU5
£632.5K11/221.23 mi9, Chatsworth Road, Eccles, Manchester, Greater Manchester M30 9DZ5
£610K06/211.3 mi12, Half Edge Lane, Eccles, Manchester, Greater Manchester M30 9GJ5
£985K11/231.3 mi1, Rutland Road, Eccles, Manchester, Greater Manchester M30 9FA5
£315K04/231.31 mi4, Malvern Drive, Pendlebury, Manchester, Greater Manchester M27 8XT5
£645K01/231.31 mi29, Chatsworth Road, Eccles, Manchester, Greater Manchester M30 9DZ5
£580K06/211.32 mi34, Westminster Road, Eccles, Manchester, Greater Manchester M30 9EA5
£150K10/201.43 mi80, Wellington Road, Eccles, Manchester, Greater Manchester M30 9GW5
£500K06/241.45 mi16, Greenwood Place, Eccles, Manchester, Greater Manchester M30 9EX5
£560K12/221.45 mi54, Manchester Road, Pendlebury, Manchester, Greater Manchester M27 5ET5
£1.3M06/231.47 mi2, Stafford Road, Eccles, Manchester, Greater Manchester M30 9HW5
£980K06/211.47 mi30, Stafford Road, Eccles, Manchester, Greater Manchester M30 9HW5
£735K07/221.5 mi8, Feversham Close, Eccles, Manchester, Greater Manchester M30 9EU5
£440K11/221.56 mi3, Godolphin Close, Eccles, Manchester, Greater Manchester M30 9EW5
£265K10/201.56 mi33, Ellesmere Green, Eccles, Manchester, Greater Manchester M30 9EZ5
£460K11/201.6 mi139, Monton Road, Eccles, Manchester, Greater Manchester M30 9HQ5
£630K08/211.6 mi135, Monton Road, Eccles, Manchester, Greater Manchester M30 9HQ5
£512.5K03/231.63 mi112, Manchester Road, Swinton, Manchester, Greater Manchester M27 5FQ5
£365K06/231.64 mi5, Lynwood Avenue, Eccles, Manchester, Greater Manchester M30 0UH5
£420K02/211.66 mi73, Pine Grove, Eccles, Manchester, Greater Manchester M30 9JW5
£369.5K07/211.81 mi8, Rivington Avenue, Pendlebury, Manchester, Greater Manchester M27 8TP5
£770K04/211.85 mi21, Highfield Drive, Eccles, Manchester, Greater Manchester M30 9PZ5
£390K09/231.88 mi3, Franklin Street, Eccles, Manchester, Greater Manchester M30 0GY5
£975K08/231.93 mi27, Brackley Road, Eccles, Manchester, Greater Manchester M30 9LG5
£285K05/211.99 mi11, Oak Road, Salford, Greater Manchester M7 2HP5

Local Area Statistics

Population in M5

14,445

Population in Salford

88,697

Town centre distance

1.44 miles away

Nearest school

0.30 miles away

Nearest train station

0.13 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+35%

Sales demand

Buyer's market

Capital growth (5yrs)

+6%

Property History

Listed for £325,000

January 17, 2025

Floor Plans

Description

  • Five Bedroom House of Multiple Occupancy (HMO) +
  • Currently Generating £3250pcm Before Bills +
  • Lounge and a Kitchen Diner +
  • Two Modern Three-Piece Bathrooms +
  • Close to Excellent Transport Links Throughout Manchester +
  • Within Easy Access of Salford Royal Hospital +
  • Viewing is Highly Recommended! +
  • Please Note - Some Photos Were Taken Prior to Tenancy and are Intended as a Guide Only +

Five Bedroom House of Multiple Occupancy, Generating £3250pcm Before Bills! Located Just a Short Walk from Weaste Tram Stop, which Provides Direct Access into Salford Quays, Media City and Manchester City Centre As you enter the property you head into a welcoming entrance hallway, which provides access to the downstairs bedroom and the lounge. To the rear of the property you will find the spacious kitchen diner. On the first floor there are three further bedrooms and a modern three-piece bathroom. As you head up to the top floor, you will find the second three-piece bathroom, along with a large double bedroom. Externally, there are low-maintenance courtyard gardens to the front and rear. The property is situated in a convenient location, within walking distance of Salford Royal Hospital and Buile Hill Park. It is also close to excellent transport links throughout Manchester. Viewing is highly recommended - get in touch to secure your viewing today! Please Note - Some Photos Were Taken Prior to Tenancy and are Intended as a Guide Only

EPC Rating: D

Agent Details

Hills, Eccles

0161 707 4900

Next Steps?

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