5 Bed HMO, Salford, M5 5EU £335,000

New Cross Street, Salford, Greater Manchester, M5 5EU - 9 months ago
Sold STC
HMO
Inside Article 4
ROI: 10%
~123 m²
Property image

ValuationUndervalued

Sold Prices£128K - £1.3M
Sold Prices/m²£992/m² - £4.7K/m²

 

 

Square Metres

~123 m²
Price/m²£2.7K/m²

Value Estimate

£348,771
BMV4%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£83,750

Stamp Duty & Legal Fees

£24,700

Total Cash In

£108,450

 

 

Cash Out

 

Room Rate

£650

Gross Rent

£3,250

Running Costs/mo

£2,312

Cashflow/mo

£938

Cashflow/yr

£11,261

ROI

10%

Gross Yield

12%

Local Sold Prices

48 sold prices from £128K to £1.3M, average is £523.8K. £992/m² to £4.7K/m², average is £2.8K/m².

Price
Date
Distance
Address
Beds
 
£235K09/220.14 mi4, Lords Avenue, Salford, Greater Manchester M5 5HH5
£775K11/230.44 mi118, Eccles Old Road, Salford M6 8QQ5
£775K11/230.44 mi118, Eccles Old Road, Salford M6 8QQ5
£522.5K10/220.49 mi151, Claremont Road, Salford, Greater Manchester M6 8PA5
£560K09/230.5 mi25, Lullington Road, Salford, Greater Manchester M6 8GW5
£352.5K05/210.57 mi2b, Wilton Road, Salford, Greater Manchester M6 8FP5
£128K06/210.58 mi5, Cemetery Road, Salford, Greater Manchester M5 5WG5
£307K03/240.67 mi35, Chaplin Close, Salford M6 8FW5
£307K03/240.67 mi35, Chaplin Close, Salford M6 8FW5
£432.5K09/230.67 mi45, Devonshire Road, Salford, Greater Manchester M6 8HZ5
£163K09/230.7 mi22, Milford Street, Salford, Greater Manchester M6 5GQ5
£475K08/220.73 mi11, Park Road, Salford, Greater Manchester M6 8HN5
£525K11/230.74 mi32, Park Road, Salford, Greater Manchester M6 8JP5
£370K05/210.82 mi8, Gilda Crescent Road, Eccles, Manchester, Greater Manchester M30 9AG5
£375K03/230.86 mi5, Emerson Avenue, Eccles, Manchester, Greater Manchester M30 0DQ5
£577K05/220.97 mi6, Portland Road, Eccles, Manchester, Greater Manchester M30 9DP5
£632.5K11/221.08 mi9, Chatsworth Road, Eccles, Manchester, Greater Manchester M30 9DZ5
£985K11/231.15 mi1, Rutland Road, Eccles, Manchester, Greater Manchester M30 9FA5
£645K01/231.15 mi29, Chatsworth Road, Eccles, Manchester, Greater Manchester M30 9DZ5
£621K09/241.16 mi25, Chatsworth Road, Eccles M30 9DZ5
£580K06/211.16 mi34, Westminster Road, Eccles, Manchester, Greater Manchester M30 9EA5
£315K04/231.16 mi4, Malvern Drive, Pendlebury, Manchester, Greater Manchester M27 8XT5
£610K06/211.18 mi12, Half Edge Lane, Eccles, Manchester, Greater Manchester M30 9GJ5
£821K06/241.2 mi37, Chatsworth Road, Manchester M30 9DZ5
£560K12/221.27 mi54, Manchester Road, Pendlebury, Manchester, Greater Manchester M27 5ET5
£544K07/241.28 mi5, Greenwood Place, Manchester M30 9EX5
£450K09/241.28 mi80, Wellington Road, Manchester M30 9GW5
£500K06/241.29 mi16, Greenwood Place, Eccles, Manchester, Greater Manchester M30 9EX5
£910K06/241.31 mi5, Westminster Road, Manchester M30 9HF5
£735K07/221.34 mi8, Feversham Close, Eccles, Manchester, Greater Manchester M30 9EU5
£1.3M06/231.34 mi2, Stafford Road, Eccles, Manchester, Greater Manchester M30 9HW5
£980K06/211.34 mi30, Stafford Road, Eccles, Manchester, Greater Manchester M30 9HW5
£440K11/221.39 mi3, Godolphin Close, Eccles, Manchester, Greater Manchester M30 9EW5
£710K01/251.39 mi23, Godolphin Close, Manchester M30 9EW5
£710K01/251.39 mi23, Godolphin Close, Manchester M30 9EW5
£875K07/251.39 mi97, Monton Road, Manchester M30 9HQ5
£512.5K03/231.45 mi112, Manchester Road, Swinton, Manchester, Greater Manchester M27 5FQ5
£630K08/211.48 mi135, Monton Road, Eccles, Manchester, Greater Manchester M30 9HQ5
£365K06/231.55 mi5, Lynwood Avenue, Eccles, Manchester, Greater Manchester M30 0UH5
£369.5K07/211.64 mi8, Rivington Avenue, Pendlebury, Manchester, Greater Manchester M27 8TP5
£535K09/241.73 mi9, Bolbury Crescent, Manchester M27 8AJ5
£975K08/231.79 mi27, Brackley Road, Eccles, Manchester, Greater Manchester M30 9LG5
£390K09/231.79 mi3, Franklin Street, Eccles, Manchester, Greater Manchester M30 0GY5
£470K06/211.83 mi2, Anson Road, Swinton, Manchester, Greater Manchester M27 5GZ5
£333K02/251.88 mi35, Carina Place, Salford, Greater Manchester M7 1WZ5
£333K02/251.9 mi35, Carina Place, Salford M7 1WZ5
£450K06/211.98 mi306, Worsley Road, Swinton, Manchester, Greater Manchester M27 0AG5
£285K05/212 mi11, Oak Road, Salford, Greater Manchester M7 2HP5

Local Area Statistics

Population in M5

14,445

Population in Salford

88,697

Town centre distance

1.30 miles away

Nearest school

0.20 miles away

Nearest train station

0.31 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+9%

Sales demand

Buyer's market

Capital growth (5yrs)

+9%

Property History

Price changed to £335,000

May 31, 2025

Listed for £350,000

February 18, 2025

Sold for £80,000

2007

Floor Plans

Property image

Description

This well maintained mid terraced is currently a fully occupied HMO comprising of five bedrooms, four of which have en-suites! Each room is currently achieving £650 pcm, which is just over 11% Gross Yield!

To the ground floor, there are two double bedrooms, both of which have shower en-suites, a communal Kitchen / Dining area, and a shower room. Upstairs has a further two double bedrooms with private en-suites, and an individual double bedroom which has sole access to the downstairs shower room.

Situated within the poplar location of Salford M5 which is extremely popular with renters! Providing easy access to Salford Royal Hospital and Transport Links for those who commute.

IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS:
We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases.

SWT250042/2

Agent Details

Your Move, Swinton

0161 524 4359

Next Steps?

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