6 Bed HMO, Salford, M6 5NG, £425,000

115 Lower Seedley Road, Salford, Greater Manchester M6 5NG - 25 views - 3 months ago

HMO
ROI: 13%
140 m²
+12 photos

ValuationOvervalued

Sold Prices£306K - £1.2M
Sold Prices/m²£1.3K/m² - £4K/m²

 

 

Square Metres

140 m²
Price/m²£3K/m²

Value Estimate

£381,231

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£106,250

Stamp Duty & Legal Fees

£21,500

Total Cash In

£127,750

 

 

Cash Out

 

Room Rate

£694

Gross Rent

£4,164

Running Costs/mo

£2,907

Cashflow/mo

£1,257

Cashflow/yr

£15,084

ROI

12%

Gross Yield

12%

Local Sold Prices

31 sold prices from £306K to £1.2M, average is £500K. £1.3K/m² to £4K/m², average is £2.8K/m².

PriceDateDistanceAddressBeds 
£330K06/230.47 mi15, Barrfield Road, Salford, Greater Manchester M6 7EL6
£320K10/220.47 mi19, Barrfield Road, Salford, Greater Manchester M6 7EL6
£415.5K12/220.84 mi89, Claremont Road, Salford, Greater Manchester M6 7GP6
£495K12/221.42 mi29, Snowdon Road, Eccles, Manchester, Greater Manchester M30 9AS6
£306K01/211.54 mi10, Grassfield Avenue, Salford, Greater Manchester M7 1HW6
£460K09/211.71 mi6, Appleyard Close, Swinton, Manchester, Greater Manchester M27 8AZ6
£1.1M11/211.74 mi28, Half Edge Lane, Eccles, Manchester, Greater Manchester M30 9GJ6
£420K08/221.77 mi36, Greene Way, Salford, Greater Manchester M7 3BP6
£480K06/211.77 mi55, Stafford Road, Eccles, Manchester, Greater Manchester M30 9ED6
£540K07/221.81 mi3, Greenwood Place, Eccles, Manchester, Greater Manchester M30 9EX6
£452.5K12/201.81 mi7, Greenwood Place, Eccles, Manchester, Greater Manchester M30 9EX6
£880K11/201.86 mi22, Ellesmere Road, Eccles, Manchester, Greater Manchester M30 9FD6
£410K12/202.04 mi5, Broughton Green Square, Salford, Greater Manchester M7 2GH6
£690K10/232.08 mi441, Bury New Road, Salford, Greater Manchester M7 4LE6
£500K06/212.08 mi8, Kersal Bank, Salford, Greater Manchester M7 4NR6
£500K06/212.24 mi94, Northumberland Street, Salford, Greater Manchester M7 4DR6
£850K09/222.3 mi23, Brackley Road, Eccles, Manchester, Greater Manchester M30 9LG6
£645K06/212.3 mi13, New Hall Avenue, Salford, Greater Manchester M7 4JY6
£810K11/232.31 mi33, Cavendish Road, Salford, Greater Manchester M7 4WP6
£810K10/212.34 mi63, Singleton Road, Salford, Greater Manchester M7 4NA6
£360K06/212.37 mi28, Hilton Crescent, Prestwich, Manchester, Greater Manchester M25 9NQ6
£585K03/212.5 mi69, Upper Park Road, Salford, Greater Manchester M7 4JB6
£1.0M01/212.5 mi41, Upper Park Road, Salford, Greater Manchester M7 4JB6
£365K10/202.6 mi4, Wilton Avenue, Prestwich, Manchester, Greater Manchester M25 0HD6
£350K05/212.69 mi14, Derbyshire Lane, Stretford, Manchester, Greater Manchester M32 8BJ6
£1.2M06/212.73 mi146, Chatsworth Road, Worsley, Manchester, Greater Manchester M28 2NT6
£925K05/222.75 mi16, Castle Hill Road, Prestwich, Manchester, Greater Manchester M25 0FR6
£675K01/242.79 mi238, Upper Chorlton Road, Manchester, Greater Manchester M16 0BJ6
£665K03/212.88 mi87, Park Road, Prestwich, Manchester, Greater Manchester M25 0DX6
£450K10/222.92 mi20, St Marys Hall Road, Manchester, Greater Manchester M8 5DZ6
£675K09/212.98 mi237, Rye Bank Road, Chorlton Cum Hardy, Manchester, Greater Manchester M21 9LU6

Local Area Statistics

Population in M6

31,268

Population in Salford

88,697

Town centre distance

1.16 miles away

Nearest school

0.20 miles away

Nearest train station

0.55 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+32%

Sales demand

Seller's market

Capital growth (5yrs)

+58%

Property History

Price changed to £425,000

February 20, 2025

Listed for £410,000

January 28, 2025

Floor Plans

Description

  • 6 Large Double Bedrooms & 4 Bathrooms +
  • Generating Just Below £50,000 Per Annum +
  • Redevelopment Options +
  • Currently Used On A Short Term Let Basis +
  • 9.0% Net Yield +
  • Fantastic Salford Location +

Pure Investor brings to the market this 6-bedroom HMO property for sale in Salford, Greater Manchester. The property has been fully converted to comply with HMO licensing and has a fully valid HMO license in place. All 6 rooms are currently tenants on a short term let basis and have a manging agent in place who lives close by. The layout of the property consists of 2 double bedrooms downstairs, along with a family bathroom and large kitchen dining space to the rear. On the first floor are 3 double bedrooms, family bathroom and en-suite. In the attic is a large double bedroom with an en-suite. There is a small yard to the rear of the property and the front looks directly onto Buile Hill park.

Investment Information
- Full address: 115 Lower Seedley Road, Salford, Greater Manchester M6 5NG
- Asking price: £410,000.00
- Property type: Mid-terraced property large property
- Bedrooms: 6
- Bathrooms: 4
- HMO license in place and currently managed by a neighbour who has done for several years.
- Tenure: Freehold
- Total gross income for Aug 2023 - Aug 2024 - £48,381
- Total net income for Aug 2023 - Aug 2024 - £36,910

Agent Details

Pure, Manchester

0161 524 5533

Next Steps?

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