10 Bed HMO, Manchester, M14 4DS, £399,000

340 GREAT WESTERN STREET, RUSHOLME, M14 4DS - 19 views - 2 months ago

Sold STC
Auction
HMO
ROI: 16%
176 m²
+17 photos

ValuationUndervalued

Sold Prices£100K - £661K
Sold Prices/m²£980/m² - £6.4K/m²

 

 

Square Metres

176 m²
Price/m²£2.3K/m²

Value Estimate

£455,529
BMV14%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£99,750

Stamp Duty & Legal Fees

£20,620

Total Cash In

£120,370

 

 

Cash Out

 

Room Rate

£495

Gross Rent

£4,950

Running Costs/mo

£3,331

Cashflow/mo

£1,619

Cashflow/yr

£19,433

ROI

16%

Gross Yield

15%

Local Sold Prices

42 sold prices from £100K to £661K, average is £281.3K. £980/m² to £6.4K/m², average is £2.6K/m².

PriceDateDistanceAddressBeds 
£100K08/210.08 mi292, Great Western Street, Manchester, Greater Manchester M14 4LP4
£240K11/230.16 mi110, Heald Grove, Manchester, Greater Manchester M14 4AJ4
£260K12/230.27 mi202, Greame Street, Manchester, Greater Manchester M14 4JQ4
£220K06/210.54 mi8, Rusholme Grove, Manchester, Greater Manchester M14 5AR4
£204K08/210.61 mi9, Hart Road, Manchester, Greater Manchester M14 7LD4
£335K10/230.61 mi87, Schuster Road, Manchester, Greater Manchester M14 5LX4
£285K01/210.61 mi17, Schuster Road, Rusholme, Manchester, Greater Manchester M14 5LX4
£500K03/230.63 mi3, Moon Grove, Manchester, Greater Manchester M14 5HE4
£165K04/210.63 mi3, Wallace Avenue, Manchester, Greater Manchester M14 5HH4
£282.5K11/230.64 mi22, Smalldale Avenue, Manchester, Greater Manchester M16 7JH4
£325K10/230.64 mi24, Smalldale Avenue, Manchester, Greater Manchester M16 7JH4
£415K06/230.65 mi27, Park Range, Manchester, Greater Manchester M14 5HR4
£200K07/240.68 mi15, Upper West Grove, Manchester, Greater Manchester M13 0BB4
£255K02/210.72 mi47, Hathersage Road, Manchester, Greater Manchester M13 0EJ4
£350K04/210.73 mi94, Conyngham Road, Manchester, Greater Manchester M14 5EA4
£285K12/210.75 mi358, Platt Lane, Manchester, Greater Manchester M14 7FA4
£230K08/220.76 mi62, Aston Avenue, Manchester, Greater Manchester M14 7HN4
£320K11/220.77 mi21, Haymarket Street, Manchester, Greater Manchester M13 9JD4
£297.5K12/220.79 mi9, Hitchen Street, Manchester, Greater Manchester M13 9EZ4
£310K09/220.8 mi2, Torquay Close, Manchester, Greater Manchester M13 9DJ4
£345K05/240.81 mi12, Aspull Walk, Manchester, Greater Manchester M13 9ER4
£320K07/230.81 mi28, Aspull Walk, Manchester, Greater Manchester M13 9ER4
£310K08/220.82 mi34, Lauderdale Crescent, Manchester, Greater Manchester M13 9DP4
£300.5K07/210.82 mi52, Scarsdale Road, Manchester, Greater Manchester M14 5PR4
£177.5K01/210.88 mi51, Morley Avenue, Manchester, Greater Manchester M14 7HB4
£220K12/200.9 mi9, Jevington Walk, Manchester, Greater Manchester M13 9FL4
£408K04/220.9 mi14, Broadmeadow Avenue, Manchester, Greater Manchester M16 8GS4
£350K12/200.9 mi82, Yarburgh Street, Manchester, Greater Manchester M16 7EH4
£435K06/210.9 mi55, Wilbraham Road, Fallowfield, Manchester, Greater Manchester M14 7DN4
£435K06/210.91 mi55, Wilbraham Road, Fallowfield, Manchester, Greater Manchester M14 7DN4
£195K10/220.91 mi6, Polygon Avenue, Manchester, Greater Manchester M13 9FX4
£280K12/230.92 mi118, Stockport Road, Manchester, Greater Manchester M13 9DZ4
£205K11/200.94 mi6, Plymouth Grove West, Manchester, Greater Manchester M13 0AG4
£550K01/210.95 mi9, Manley Road, Manchester, Greater Manchester M16 8PN4
£661K07/230.95 mi11, Manley Road, Manchester, Greater Manchester M16 8PN4
£191K09/210.96 mi8, Abbeyville Walk, Manchester, Greater Manchester M15 5ER4
£251K09/210.98 mi31, Croasdale Avenue, Manchester, Greater Manchester M14 6GU4
£279K05/210.99 mi29, Chervil Close, Manchester, Greater Manchester M14 7DP4
£279K05/211 mi29, Chervil Close, Manchester, Greater Manchester M14 7DP4
£279K05/211 mi29, Chervil Close, Manchester, Greater Manchester M14 7DP4
£272K02/211 mi110, Chervil Close, Manchester, Greater Manchester M14 7DP4
£274K12/201 mi50, Chervil Close, Manchester, Greater Manchester M14 7DP4

Local Area Statistics

Population in M14

52,853

Population in Manchester

920,095

Town centre distance

0.76 miles away

Nearest school

0.20 miles away

Nearest train station

1.30 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

-42%

Sales demand

Seller's market

Capital growth (5yrs)

+49%

Property History

Listed for £399,000

February 12, 2025

Floor Plans

Description

  • TO BE SOLD BY ONLINE AUCTION +
  • 10 BEDROOM FULLY TENANTED HMO +
  • 14% YIELD BASED OFF THE CURRENT GUIDE PRICE +
  • PRIME LOCATION +
  • FULLY LICENSED +
  • EXCELLENT INVESTEMENT OPPORTUNITY +

TO BE SOLD BY ONLINE AUCTION ON 5TH MARCH 2025 UNLESS SOLD PRIOR UNDER AUCTION TERMS 340 GREAT WESTERN STREET, RUSHOLME, M14 4DS An outstanding investment opportunity, this fully licensed 10-bedroom HMO is fully tenanted and generating an impressive rental income of £4,950 per month (£59,400 per year). The ground floor comprises a large hallway, two bedrooms, a W/C with laundry facilities and a large extended open plan modern kitchen/living area. On the first floor, there are four bedrooms, a bathroom and another shower room with a double sink, while the top floor comprises a further four bedrooms and shower room. VIRTUAL VIEWING AVAILABLE This is a highly desirable investment in a sought-after student area, with excellent tenants. The property is in great 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 15-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. For further information regarding the HMO status of the property please visit Manchester City Council website with the below details: planning reference:142101/LE/2025 HMO reference. MAN-

Agent Details

Edward Mellor Ltd, Auction

0161 524 2443

Next Steps?

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