5 Bed HMO, Manchester, M14 6QH, £430,000

Whitby Road, Fallowfield, Manchester, M14 6QH - 1 views - 15 days ago

HMO

ROI: 4%

~178 m²

+7 photos

ValuationUndervalued

Sold Prices	£100K - £750K
Sold Prices/m²	£741/m² - £4.3K/m²

Square Metres	~178.28 m²
Price/m²	£2.4K/m²
Value Estimate	£523,628£523,628
BMV	22%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£107,500£107,500
Stamp Duty & Legal Fees	£31,700£31,700
Total Cash In	£139,200£139,200

Cash Out
Room Rate	£607£607
Gross Rent	£3,035
Running Costs/mo	£2,591£2,591
Cashflow/mo	£444£444
Cashflow/yr	£5,330£5,330
ROI	4%4%
Gross Yield	8%8%

Local Sold Prices

21 sold prices from £100K to £750K, average is £420K. £741/m² to £4.3K/m², average is £2.9K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£550K	09/21	0.35 mi	17, Amherst Road, Manchester, Greater Manchester M14 6UG	-	-	5	Semi-Detached House
£625K	10/22	0.39 mi	2, Amherst Road, Manchester, Greater Manchester M14 6UQ	-	-	5	Semi-Detached House
£420K	03/21	0.39 mi	2, Omer Drive, Manchester, Greater Manchester M19 2JN	£2,937	143	5	Detached House
£230K	02/21	0.51 mi	370, Slade Lane, Manchester, Greater Manchester M19 2BU	£2,300	100	5	Semi-Detached House
£290K	02/21	0.52 mi	2, Connaught Avenue, Burnage, Manchester, Greater Manchester M19 2NN	£1,895	153	5	Terraced House
£350K	12/22	0.54 mi	27, Chervil Close, Manchester, Greater Manchester M14 7DP	£4,321	81	5	Terraced House
£450K	03/21	0.58 mi	97, Linden Park, Manchester, Greater Manchester M19 2PG	£3,285	137	5	Detached House
£525K	12/20	0.59 mi	30, Burlington Road, Manchester, Greater Manchester M20 4QA	£2,280	230	5	Semi-Detached House
£750K	11/20	0.63 mi	The Grange, Grange Avenue, Levenshulme, Manchester, Greater Manchester M19 2EY	-	-	5	Detached House
£333K	11/23	0.68 mi	18, Beech Range, Manchester, Greater Manchester M19 2EU	£2,121	157	5	Semi-Detached House
£380K	02/23	0.68 mi	16, Beech Range, Manchester, Greater Manchester M19 2EU	-	-	5	Terraced House
£100K	07/21	0.68 mi	13, Beech Range, Manchester, Greater Manchester M19 2EU	£741	135	5	Semi-Detached House
£490K	05/23	0.71 mi	40, Ranford Road, Manchester, Greater Manchester M19 2GL	£3,006	163	5	Semi-Detached House
£286K	02/21	0.72 mi	37, Albert Road, Manchester, Greater Manchester M19 2FT	£1,919	149	5	Terraced House
£541.5K	12/20	0.72 mi	13, Parsonage Road, Manchester, Greater Manchester M20 4PW	£3,204	169	5	Semi-Detached House
£420K	01/23	0.76 mi	46, Whitebrook Road, Manchester, Greater Manchester M14 6EF	£3,040	138	5	Detached House
£330K	06/21	0.79 mi	91, Rippingham Road, Manchester, Greater Manchester M20 3FT	£2,946	112	5	Terraced House
£330K	06/21	0.79 mi	91, Rippingham Road, Manchester, Greater Manchester M20 3FT	£2,946	112	5	Terraced House
£495K	03/21	0.81 mi	3, Rushford Avenue, Manchester, Greater Manchester M19 2HG	£1,731	286	5	Detached House
£294.4K	06/21	0.89 mi	170, Hamilton Road, Manchester, Greater Manchester M13 0PG	-	-	5	Terraced House
£468K	12/22	0.96 mi	13, Birchington Road, Manchester, Greater Manchester M14 6BY	-	-	5	Semi-Detached House

Local Area Statistics

Population in M14	52,85352,853
Population in Manchester	920,095920,095
Town centre distance	1.87 miles away1.87 miles away
Nearest school	0.40 miles away0.40 miles away
Nearest train station	0.48 miles away0.48 miles away

Rental demand	Balanced marketBalanced market
Rental growth (12m)	-42%-42%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+49%+49%

Property History

Listed for £430,000

March 5, 2025

Description

Let for 2025/2026 +
£3033pcm, yield of 8.5% +
Popular student location +
Licensed HMO with letting history +
Loft bedroom +
Scope to increase number of bedrooms +

* Brochure awaiting vendor approval * Nicholas Humphreys are delighted to bring this five bedroom student house to the market. A lovely three story 5 bed house in the heart of Fallowfield located behind Sainsburys. The house has wooden floors throughout and includes a second W/C downstairs. The current owner has been letting the property to students for well in excess of 15 years, and has a history of tenancy agreements to confirm this. The HMO license was renewed back in 2023 and was granted for 5 years. We believe that there may be scope to increase the number of bedrooms subject to the necessary permissions. REFERRAL ARRANGEMENT NOTE
Nicholas Humphreys Estate Agents will sometimes refer sellers (and will offer to refer buyers) to Hargeaves Gilman, Altium Law & Simply Conveyancing for conveyancing services. It is your decision as to whether or not you choose to deal with these conveyancers. Should you decide to use the conveyancers named above, you should know that Nicholas Humphreys Estate Agents would receive a referral fee of up to £240 including VAT from them, for recommending you to them.
Nicholas Humphreys Estate Agents will sometimes refer buyers to East Cheshire Mortgages and The Mortgage Advisor for mortgage services. . It is your decision as to whether or not you choose to deal with these mortgage brokers. Should you decide to use the broker named above, you should know that Nicholas Humphreys Estate Agents would receive a referral fee of up to £250 from them, for recommending you to them.
Nicholas Humphreys Estate Agents will sometimes refer buyers to Countrywide Surveyors. It is your decision as to whether or not you choose to deal with this company. Should you decide to use the surveyor named above, you should know that Nicholas Humphreys Estate Agents would receive a referral fee of £100 from them, for recommending you to them.
EPC rating: E. Tenure: Freehold,