4 Bed HMO, Manchester, M25 3FF £280,000

1 DEVONSHIRE PLACE, Manchester, M25 3FF - 1 views - 8 months ago
Sold STC
HMO
Outside Article 4
ROI: 8%
~172 m²
Property image

ValuationUndervalued

Sold Prices£277.5K - £900K
Sold Prices/m²£2.3K/m² - £5.5K/m²

 

 

Square Metres

~171.50 m²
Price/m²£1.6K/m²

Value Estimate

£336,000
BMV20%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£70,000

Stamp Duty & Legal Fees

£19,200

Total Cash In

£89,200

 

 

Cash Out

 

Room Rate

£611

Gross Rent

£2,444

Running Costs/mo

£1,860

Cashflow/mo

£584

Cashflow/yr

£7,006

ROI

8%

Gross Yield

10%

Local Sold Prices

50 sold prices from £277.5K to £900K, average is £455K. £2.3K/m² to £5.5K/m², average is £3.4K/m².

Price
Date
Distance
Address
Beds
 
£670K01/250.16 mi4, Oaks Close, Manchester M25 3ER4
£670K01/250.16 mi4, Oaks Close, Manchester M25 3ER4
£658K02/250.18 mi5, Pinfold Drive, Manchester M25 3EQ4
£658K02/250.18 mi5, Pinfold Drive, Manchester M25 3EQ4
£665K12/240.18 mi1, Oaks Close, Manchester M25 3ER4
£665K12/240.18 mi1, Oaks Close, Manchester M25 3ER4
£638K12/240.28 mi20, Woodland View, Manchester M25 3ES4
£638K12/240.28 mi20, Woodland View, Manchester M25 3ES4
£475K05/210.3 mi67, Poppythorn Lane, Prestwich, Manchester, Greater Manchester M25 3BY4
£378K04/230.3 mi8, Oakhurst Gardens, Prestwich, Manchester, Greater Manchester M25 1JQ4
£300K05/210.31 mi70, Heys Road, Prestwich, Manchester, Greater Manchester M25 1JY4
£455K06/230.34 mi10, Elm Grove, Prestwich, Manchester, Greater Manchester M25 3DN4
£325K01/250.35 mi57, Highfield Road, Prestwich, Manchester, Greater Manchester M25 3AS4
£480K02/250.39 mi54, Rectory Lane, Prestwich, Manchester, Greater Manchester M25 1BL4
£505K06/230.41 mi21, St Marys Road, Prestwich, Manchester, Greater Manchester M25 1AQ4
£330K09/210.45 mi7, Langley Crescent, Prestwich, Manchester, Greater Manchester M25 3BW4
£490K03/250.48 mi4, St Anns Close, Manchester M25 9LJ4
£490K03/250.48 mi4, St Anns Close, Manchester M25 9LJ4
£415K05/210.5 mi78, Glebelands Road, Prestwich, Manchester, Greater Manchester M25 1NJ4
£530K05/210.52 mi6, Lowther Road, Prestwich, Manchester, Greater Manchester M25 9QQ4
£900K03/250.52 mi39, Prestwich Park Road South, Manchester M25 9PF4
£415.5K02/250.52 mi10, Walker Avenue, Manchester M45 6TP4
£312K02/230.55 mi15, Duckworth Road, Prestwich, Manchester, Greater Manchester M25 9GF4
£327.5K01/230.55 mi46, Ruskin Road, Prestwich, Manchester, Greater Manchester M25 9GL4
£415K09/210.56 mi196, Heywood Road, Prestwich, Manchester, Greater Manchester M25 1LD4
£355K02/250.56 mi44, Ludlow Avenue, Whitefield, Manchester, Greater Manchester M45 6TD4
£500K06/220.61 mi5, Prestwich Park Road South, Prestwich, Manchester, Greater Manchester M25 9PF4
£320K06/210.61 mi22, Scott Road, Prestwich, Manchester, Greater Manchester M25 9GN4
£385K01/230.63 mi17, Ringstone Close, Prestwich, Manchester, Greater Manchester M25 9PZ4
£380K08/230.65 mi14, Prestwich Hills, Prestwich, Manchester, Greater Manchester M25 9PY4
£340K09/230.65 mi15, Balmoral Avenue, Whitefield, Manchester, Greater Manchester M45 6BB4
£505K02/250.65 mi223, Heywood Road, Prestwich, Manchester, Greater Manchester M25 2QH4
£500K05/250.66 mi64, Prestwich Hills, Manchester M25 9PY4
£500K05/250.66 mi64, Prestwich Hills, Manchester M25 9PY4
£475K07/220.67 mi8, Shirehills, Prestwich, Manchester, Greater Manchester M25 9QB4
£350K04/230.68 mi16, Malvern Close, Prestwich, Manchester, Greater Manchester M25 1PH4
£354.3K03/250.69 mi38, Hastings Road, Prestwich M25 1LY4
£455K07/250.69 mi222, Heywood Road, Prestwich M25 2GH4
£550K10/220.69 mi2, Holyrood Close, Prestwich, Manchester, Greater Manchester M25 1QD4
£400K07/250.7 mi403, Bury Old Road, Manchester M25 1PS4
£525K06/220.7 mi1, Holyrood Close, Prestwich, Manchester, Greater Manchester M25 1QD4
£455K11/220.7 mi24, Broadstone Close, Prestwich, Manchester, Greater Manchester M25 9QA4
£320K04/230.71 mi25, Beeston Grove, Whitefield, Manchester, Greater Manchester M45 6UD4
£313K03/230.72 mi12, Orange Hill Road, Prestwich, Manchester, Greater Manchester M25 1LS4
£295K11/240.72 mi51, Cuckoo Lane, Whitefield, Manchester, Greater Manchester M45 6WD4
£625K04/230.73 mi4, Butt Hill Drive, Prestwich, Manchester, Greater Manchester M25 9PL4
£425K01/230.73 mi6, Butt Hill Drive, Prestwich, Manchester, Greater Manchester M25 9PL4
£450K10/240.73 mi2, Buckley Lane, Manchester M45 7JZ4
£603.5K09/240.74 mi155, Bury New Road, Manchester M25 9PJ4
£277.5K08/230.74 mi9a, Heaton Street, Prestwich, Manchester, Greater Manchester M25 1HF4

Local Area Statistics

Population in M25

31,252

Population in Manchester

920,095

Town centre distance

5.60 miles away

Nearest school

0.20 miles away

Nearest train station

0.22 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+27%

Sales demand

Seller's market

Capital growth (5yrs)

+38%

Property History

Listed for £280,000

February 24, 2025

Floor Plans

Property image

Description

  • large Victorian end terrace +
  • four generous sized bedrooms split over two floors (master with en-suite shower room) +
  • PVC double glazing & GCH system +
  • two spacious reception rooms +
  • spacious breakfast kitchen with integrated appliances +
  • cellar rooms +
  • scope to convert into a HMO subject to obtaining relevant consent & licence +
  • popular location positioned close by to all local amenities including Prestwich met station +
  • modern family bathroom +
  • patio garden to the rear. Offered for sale with vacant possession & no upward chain +

REDUCED BY £45,000 FOR A QUICK SALE
Offered for sale with vacant possession and no upward chain is this large four bedroom Victorian end terrace conveniently placed for easy access to all local amenities including nearby schools, shops and transport networks including Prestwich met station which is only a short walk away and provides easy access to and from Manchester city centre and surrounding areas. Early viewing is highly recommended to avoid any disappointment and further features include: PVC double glazing, gas central heating system, two spacious reception rooms, spacious breakfast kitchen with integrated appliances, cellar rooms, four generous sized bedrooms (master with en-suite shower room) and a modern family bathroom. Outside - patio garden to the rear. The accommodation briefly comprises: reception hallway, lounge, dining room, breakfast kitchen, cellar rooms, first floor, four generous sized bedrooms (master with en-suite shower room) and a family bathroom. Outside - patio garden to the rear.

Additional Information:

Tenure -
Term of the lease -
Ground Rent Payable -
Council Tax band C payable to Bury MBC. Council Tax rates amount for 2022/2023 = £1937.37
EPC Rating: E

Reception Hallway -

Lounge -

Dining Room -

Kitchen -

Cellar -

First Floor Landing -

Master Bedroom -

Ensuite Shower Room -

Bedroom Two -

Bedroom Three -

Bathroom -

Second Floor -

Bedroom Four -

Outside -

Additional Information -

Agent Details

Pearson Ferrier, Radcliffe

0161 524 5206

Next Steps?

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