5 Bed HMO, Salford, M6 5NG £385,000

113 Lower Seedley Road, Salford, Greater Manchester M6 5NG - 31 views - 9 months ago
Sold STC
HMO
Inside Article 4
ROI: 6%
150 m²
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+1 photos

ValuationUndervalued

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

 

 

Square Metres

150 m²
Price/m²£2.6K/m²

Value Estimate

£427,602
BMV11%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£96,250

Stamp Duty & Legal Fees

£29,700

Total Cash In

£125,950

 

 

Cash Out

 

Room Rate

£608

Gross Rent

£3,040

Running Costs/mo

£2,437

Cashflow/mo

£603

Cashflow/yr

£7,233

ROI

6%

Gross Yield

9%

Local Sold Prices

50 sold prices from £128K to £1.3M, average is £497.5K. £992/m² to £4.7K/m², average is £2.9K/m².

Price
Date
Distance
Address
Beds
 
£307K03/240.36 mi35, Chaplin Close, Salford M6 8FW5
£307K03/240.36 mi35, Chaplin Close, Salford M6 8FW5
£163K09/230.42 mi22, Milford Street, Salford, Greater Manchester M6 5GQ5
£775K11/230.54 mi118, Eccles Old Road, Salford M6 8QQ5
£775K11/230.54 mi118, Eccles Old Road, Salford M6 8QQ5
£235K09/220.55 mi4, Lords Avenue, Salford, Greater Manchester M5 5HH5
£128K06/210.58 mi5, Cemetery Road, Salford, Greater Manchester M5 5WG5
£560K09/230.58 mi25, Lullington Road, Salford, Greater Manchester M6 8GW5
£522.5K10/220.65 mi151, Claremont Road, Salford, Greater Manchester M6 8PA5
£352.5K05/211.07 mi2b, Wilton Road, Salford, Greater Manchester M6 8FP5
£315K04/231.08 mi4, Malvern Drive, Pendlebury, Manchester, Greater Manchester M27 8XT5
£432.5K09/231.24 mi45, Devonshire Road, Salford, Greater Manchester M6 8HZ5
£525K11/231.24 mi32, Park Road, Salford, Greater Manchester M6 8JP5
£475K08/221.25 mi11, Park Road, Salford, Greater Manchester M6 8HN5
£333K02/251.31 mi35, Carina Place, Salford, Greater Manchester M7 1WZ5
£333K02/251.33 mi35, Carina Place, Salford M7 1WZ5
£370K05/211.35 mi8, Gilda Crescent Road, Eccles, Manchester, Greater Manchester M30 9AG5
£560K12/221.39 mi54, Manchester Road, Pendlebury, Manchester, Greater Manchester M27 5ET5
£375K03/231.42 mi5, Emerson Avenue, Eccles, Manchester, Greater Manchester M30 0DQ5
£285K05/211.45 mi11, Oak Road, Salford, Greater Manchester M7 2HP5
£577K05/221.49 mi6, Portland Road, Eccles, Manchester, Greater Manchester M30 9DP5
£175K12/221.55 mi32, Albert Park Road, Salford, Greater Manchester M7 1LT5
£632.5K11/221.59 mi9, Chatsworth Road, Eccles, Manchester, Greater Manchester M30 9DZ5
£512.5K03/231.61 mi112, Manchester Road, Swinton, Manchester, Greater Manchester M27 5FQ5
£535K09/241.64 mi9, Bolbury Crescent, Manchester M27 8AJ5
£645K01/231.65 mi29, Chatsworth Road, Eccles, Manchester, Greater Manchester M30 9DZ5
£621K09/241.65 mi25, Chatsworth Road, Eccles M30 9DZ5
£369.5K07/211.66 mi8, Rivington Avenue, Pendlebury, Manchester, Greater Manchester M27 8TP5
£580K06/211.67 mi34, Westminster Road, Eccles, Manchester, Greater Manchester M30 9EA5
£985K11/231.67 mi1, Rutland Road, Eccles, Manchester, Greater Manchester M30 9FA5
£821K06/241.69 mi37, Chatsworth Road, Manchester M30 9DZ5
£370K11/241.69 mi6, Blyton Lane, Salford M7 3BR5
£370K11/241.69 mi6, Blyton Lane, Salford M7 3BR5
£610K06/211.74 mi12, Half Edge Lane, Eccles, Manchester, Greater Manchester M30 9GJ5
£544K07/241.79 mi5, Greenwood Place, Manchester M30 9EX5
£515K10/211.8 mi3, Degas Close, Salford, Greater Manchester M7 3BG5
£500K06/241.81 mi16, Greenwood Place, Eccles, Manchester, Greater Manchester M30 9EX5
£495K12/241.81 mi5, Degas Close, Salford M7 3BG5
£495K12/241.81 mi5, Degas Close, Salford M7 3BG5
£735K07/221.82 mi8, Feversham Close, Eccles, Manchester, Greater Manchester M30 9EU5
£450K09/241.84 mi80, Wellington Road, Manchester M30 9GW5
£710K01/251.85 mi23, Godolphin Close, Manchester M30 9EW5
£710K01/251.85 mi23, Godolphin Close, Manchester M30 9EW5
£910K06/241.86 mi5, Westminster Road, Manchester M30 9HF5
£440K11/221.86 mi3, Godolphin Close, Eccles, Manchester, Greater Manchester M30 9EW5
£1.3M06/231.88 mi2, Stafford Road, Eccles, Manchester, Greater Manchester M30 9HW5
£980K06/211.88 mi30, Stafford Road, Eccles, Manchester, Greater Manchester M30 9HW5
£400K07/221.92 mi388, Great Clowes Street, Salford, Greater Manchester M7 2EB5
£435K08/241.95 mi7, Sandywell Lane, Salford M3 7FF5
£435K08/241.95 mi7, Sandywell Lane, Salford M3 7FF5

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)

+4%

Sales demand

Seller's market

Capital growth (5yrs)

+53%

Property History

Price changed to £385,000

May 15, 2025

Listed for £400,000

February 18, 2025

Floor Plans

Property image

Description

  • 5 Large Double Bedrooms & 3 Bathrooms +
  • Generating £36,480 Gross Per Annum +
  • HMO Let Hands off with Local Lettings Agent +
  • 9.12 % Gross Yield +
  • Next Door Is Also Being Sold By The Same Owner +
  • Redevelopment Options +

Pure Investor brings to the market this 5-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 licence in place. The owner has recently carried out a mini refurbishment, repaint, new carpets in some rooms, upgraded communal areas with new plasma tv. All 5 rooms are currently let or under referencing but should be fully let by the time of completion of sale. The layout of the property consists of 1 double bedroom downstairs along with a communal lounge with plasma TV, along with a family bathroom and large kitchen dining space to the rear. On the first floor is 3 double bedrooms, family bathroom. 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: 113 Lower Seedley Road, Salford, Greater Manchester M6 5NG
Asking price: £385,000.00
Property type: Large Mid-Terraced Property
Bedrooms: 5
Bathrooms: 3
HMO license in place and currently managed by local agent for the perfect hands off investment.
Tenure: Freehold
Total gross income for £36,480
Redevelopment Potential

Agent Details

Pure, Manchester

0161 524 5533

Next Steps?

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