10 Bed HMO, Manchester, M14 4PW, £499,000

460 MOSS LANE EAST, RUSHHOLME, M14 4PW - 34 views - 2 months ago

Sold STC
Auction
HMO
ROI: 15%
~310 m²
+17 photos

ValuationUndervalued

Sold Prices£100K - £500K
Sold Prices/m²£980/m² - £3.9K/m²

 

 

Square Metres

~310 m²
Price/m²£1.6K/m²

Value Estimate

£613,770
BMV23%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£124,750

Stamp Duty & Legal Fees

£28,620

Total Cash In

£153,370

 

 

Cash Out

 

Room Rate

£572

Gross Rent

£5,720

Running Costs/mo

£3,844

Cashflow/mo

£1,876

Cashflow/yr

£22,515

ROI

15%

Gross Yield

14%

Local Sold Prices

32 sold prices from £100K to £500K, average is £285K. £980/m² to £3.9K/m², average is £2.5K/m².

PriceDateDistanceAddressBeds 
£240K11/230.17 mi110, Heald Grove, Manchester, Greater Manchester M14 4AJ4
£100K08/210.19 mi292, Great Western Street, Manchester, Greater Manchester M14 4LP4
£260K12/230.38 mi202, Greame Street, Manchester, Greater Manchester M14 4JQ4
£220K06/210.53 mi8, Rusholme Grove, Manchester, Greater Manchester M14 5AR4
£200K07/240.57 mi15, Upper West Grove, Manchester, Greater Manchester M13 0BB4
£335K10/230.57 mi87, Schuster Road, Manchester, Greater Manchester M14 5LX4
£285K01/210.57 mi17, Schuster Road, Rusholme, Manchester, Greater Manchester M14 5LX4
£415K06/230.62 mi27, Park Range, Manchester, Greater Manchester M14 5HR4
£255K02/210.62 mi47, Hathersage Road, Manchester, Greater Manchester M13 0EJ4
£500K03/230.62 mi3, Moon Grove, Manchester, Greater Manchester M14 5HE4
£165K04/210.62 mi3, Wallace Avenue, Manchester, Greater Manchester M14 5HH4
£320K11/220.65 mi21, Haymarket Street, Manchester, Greater Manchester M13 9JD4
£297.5K12/220.67 mi9, Hitchen Street, Manchester, Greater Manchester M13 9EZ4
£310K09/220.68 mi2, Torquay Close, Manchester, Greater Manchester M13 9DJ4
£345K05/240.68 mi12, Aspull Walk, Manchester, Greater Manchester M13 9ER4
£320K07/230.68 mi28, Aspull Walk, Manchester, Greater Manchester M13 9ER4
£350K04/210.69 mi94, Conyngham Road, Manchester, Greater Manchester M14 5EA4
£310K08/220.69 mi34, Lauderdale Crescent, Manchester, Greater Manchester M13 9DP4
£204K08/210.73 mi9, Hart Road, Manchester, Greater Manchester M14 7LD4
£282.5K11/230.75 mi22, Smalldale Avenue, Manchester, Greater Manchester M16 7JH4
£325K10/230.75 mi24, Smalldale Avenue, Manchester, Greater Manchester M16 7JH4
£300.5K07/210.75 mi52, Scarsdale Road, Manchester, Greater Manchester M14 5PR4
£220K12/200.77 mi9, Jevington Walk, Manchester, Greater Manchester M13 9FL4
£195K10/220.78 mi6, Polygon Avenue, Manchester, Greater Manchester M13 9FX4
£280K12/230.8 mi118, Stockport Road, Manchester, Greater Manchester M13 9DZ4
£205K11/200.83 mi6, Plymouth Grove West, Manchester, Greater Manchester M13 0AG4
£285K12/210.87 mi358, Platt Lane, Manchester, Greater Manchester M14 7FA4
£230K08/220.89 mi62, Aston Avenue, Manchester, Greater Manchester M14 7HN4
£191K09/210.97 mi8, Abbeyville Walk, Manchester, Greater Manchester M15 5ER4
£435K06/210.99 mi55, Wilbraham Road, Fallowfield, Manchester, Greater Manchester M14 7DN4
£350K12/200.99 mi82, Yarburgh Street, Manchester, Greater Manchester M16 7EH4
£435K06/211 mi55, Wilbraham Road, Fallowfield, Manchester, Greater Manchester M14 7DN4

Local Area Statistics

Population in M14

52,853

Population in Manchester

920,095

Town centre distance

0.85 miles away

Nearest school

0.10 miles away

Nearest train station

1.18 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

-42%

Sales demand

Seller's market

Capital growth (5yrs)

+49%

Property History

Listed for £499,000

February 11, 2025

Floor Plans

Description

  • TO BE SOLD BY ONLINE AUCTION +
  • 10 BEDROOM FULLY TENANTED HMO +
  • EXCELLENT RENTAL INCOME OF £68,000 PER YEAR +
  • FULLY LICENSED +
  • FURTHER DEVELOPMENT AND POTENTIAL +
  • 14% YIELD BASED OFF CURRENT GUIDE PRICE +

TO BE SOLD BY ONLINE AUCTION ON 5TH MARCH 2025 UNLESS SOLD PRIOR UNDER AUCTION TERMS 460 MOSS LANE EAST, RUSHHOLME, M14 4PW An outstanding investment opportunity, this fully licensed 10-bedroom HMO is fully tenanted and generating an impressive rental income of £5,720 per month (£68,840 per year). The ground floor features a welcoming hallway, a spacious lounge, an extended kitchen, two bedrooms and a bathroom. There is also a large cellar with significant potential for conversion into additional rooms, further enhancing the property’s value. On the first floor, there are four generously sized bedrooms, one bathroom and a separate toilet, while the top floor comprises four bedrooms, two of the bedrooms having their own ensuite, maximizing rental appeal. The property also benefits from a rear garden. VIRTUAL VIEWING AVAILBALE This is a highly desirable investment in a sought-after student area, with excellent tenants. The property is in excellent condition, fully compliant with all HMO regulations, and all necessary documentation is up to date and can be provided. Situated on the outskirts of Manchester City Centre, the property is just a five-minute walk from Oxford Road, home to universities, independent shops, restaurants, and bars. It is also a 12-minute walk to Hulme High Street Retail Park, which includes major retailers such as Asda Superstore and the Market Hall. This is a rare opportunity to acquire a high-yielding HMO in a prime location. Enquire today to avoid missing out. 440 AND 446 MOSS LANE EAST ARE BOTH RUNNING IN OUR 5TH MARCH AUCTION AND CAN POTENTIALLY BE SOLD TOGETHER.

Agent Details

Edward Mellor Ltd, Auction

0161 524 2443

Next Steps?

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