6 Bed HMO, Manchester, M30 9GW, £525,000

Wellington Road, Eccles, M30 9GW - 2 views - 17 days ago

HMO
ROI: 4%
~186 m²
+28 photos

ValuationUndervalued

Sold Prices£320K - £1.2M
Sold Prices/m²£1.6K/m² - £4K/m²

 

 

Square Metres

~186 m²
Price/m²£2.8K/m²

Value Estimate

£611,009
BMV16%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£131,250

Stamp Duty & Legal Fees

£30,700

Total Cash In

£161,950

 

 

Cash Out

 

Room Rate

£600

Gross Rent

£3,600

Running Costs/mo

£3,127

Cashflow/mo

£473

Cashflow/yr

£5,680

ROI

4%

Gross Yield

8%

Local Sold Prices

18 sold prices from £320K to £1.2M, average is £557.5K. £1.6K/m² to £4K/m², average is £3.3K/m².

PriceDateDistanceAddressBeds 
£1.1M11/210.14 mi28, Half Edge Lane, Eccles, Manchester, Greater Manchester M30 9GJ6
£880K11/200.34 mi22, Ellesmere Road, Eccles, Manchester, Greater Manchester M30 9FD6
£480K06/210.34 mi55, Stafford Road, Eccles, Manchester, Greater Manchester M30 9ED6
£540K07/220.4 mi3, Greenwood Place, Eccles, Manchester, Greater Manchester M30 9EX6
£452.5K12/200.4 mi7, Greenwood Place, Eccles, Manchester, Greater Manchester M30 9EX6
£495K12/220.53 mi29, Snowdon Road, Eccles, Manchester, Greater Manchester M30 9AS6
£850K09/220.62 mi23, Brackley Road, Eccles, Manchester, Greater Manchester M30 9LG6
£1.2M06/211.22 mi146, Chatsworth Road, Worsley, Manchester, Greater Manchester M28 2NT6
£575K03/211.43 mi45, Drywood Avenue, Worsley, Manchester, Greater Manchester M28 2QA6
£415.5K12/221.56 mi89, Claremont Road, Salford, Greater Manchester M6 7GP6
£330K06/231.84 mi15, Barrfield Road, Salford, Greater Manchester M6 7EL6
£320K10/221.84 mi19, Barrfield Road, Salford, Greater Manchester M6 7EL6
£460K09/212.3 mi6, Appleyard Close, Swinton, Manchester, Greater Manchester M27 8AZ6
£820K04/212.35 mi95, Crofts Bank Road, Urmston, Manchester, Greater Manchester M41 0US6
£1.1M12/202.57 mi296, Leigh Road, Worsley, Manchester, Greater Manchester M28 1LH6
£760K04/212.79 mi128, Flixton Road, Urmston, Manchester, Greater Manchester M41 5BG6
£360K09/232.84 mi67, Old Clough Lane, Worsley, Manchester, Greater Manchester M28 3EG6
£977.5K11/212.96 mi201, Urmston Lane, Stretford, Manchester, Greater Manchester M32 9EF6

Local Area Statistics

Population in M30

36,165

Population in Manchester

920,095

Town centre distance

4.37 miles away

Nearest school

0.20 miles away

Nearest train station

0.34 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+3%

Sales demand

Seller's market

Capital growth (5yrs)

+56%

Property History

Listed for £525,000

February 28, 2025

Floor Plans

Description

  • Fully Licensed HMO Located just a Short Walk from Monton Village & Eccles Centre +
  • Laid over Four Floors Complete with Cellars used as Storage +
  • Communal Lounge, Kitchen & Utility Space +
  • Seven Double Bedrooms Laid over Three Floors +
  • Three Piece Bathroom Suite, Shower Room & Guest W.C. +
  • Potential to Generate over £3,600 each Month +
  • Well Served by Excellent Public Transport & Motorway Links +
  • Surrounded by Excellent Amenities all within Walking Distance +
  • Potential for Off Road Parking & Sizable Well Maintained Garden to the Rear +

Deceptively spacious property converted into a fully licenced HMO generating an income of over £2,400 each month. Located just a short walk from Monton Village and Eccles Centre lies this impressive four-story house, presenting an impressive investment opportunity. Boasting seven double bedrooms spread across three floors, offering ample space for tenants. The property also features communal lounge, kitchen, and utility spaces, ensuring comfort and convenience for all residents. As you step inside, the ground floor benefits from the bay fronted communal lounge, the fitted kitchen available to all residents, the downstairs w.c. and access to the cellars which are a suitable storage solution. Completing the ground floor is one of the seven double bedrooms. The layout of the property, with bedrooms distributed over multiple floors, offers privacy and space for each tenant. The second floor then benefits from three further double bedrooms along with a three piece bathroom suite. Heading up once more to the second floor is the same layout of the first offering three double bedrooms completed by a shower room. Externally the property benefits from a sizable rear garden with a well maintained lawn, whilst the front offers potential for off road parking for one car. Situated in an area well-served by excellent public transport and motorway links, this property is highly accessible for tenants commuting to work or leisure. Surrounded by superb amenities within walking distance, including schools, hospitals, and shopping centres, residents will have everything they need at their fingertips. With the potential to generate over £3,600 each month, this HMO property is a fantastic investment opportunity for those looking to increase their monthly income. The property's proximity to key locations and its layout make it an ideal choice for tenants seeking comfortable living arrangements with easy access to essential services.

EPC Rating: D

Agent Details

Hills, Eccles

0161 707 4900

Next Steps?

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