5 Bed HMO, Manchester, M14 6PS, £410,000

Braemar Road, Fallowfield, Manchester, M14 6PS - 1 views - 15 days ago

HMO
ROI: 5%
~178 m²
+5 photos

ValuationUndervalued

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

 

 

Square Metres

~178.28 m²
Price/m²£2.3K/m²

Value Estimate

£466,839
BMV14%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£102,500

Stamp Duty & Legal Fees

£29,700

Total Cash In

£132,200

 

 

Cash Out

 

Room Rate

£628

Gross Rent

£3,140

Running Costs/mo

£2,545

Cashflow/mo

£595

Cashflow/yr

£7,138

ROI

5%

Gross Yield

9%

Local Sold Prices

23 sold prices from £100K to £750K, average is £419K. £741/m² to £4.3K/m², average is £2.6K/m².

PriceDateDistanceAddressBeds 
£420K03/210.38 mi2, Omer Drive, Manchester, Greater Manchester M19 2JN5
£230K02/210.43 mi370, Slade Lane, Manchester, Greater Manchester M19 2BU5
£550K09/210.44 mi17, Amherst Road, Manchester, Greater Manchester M14 6UG5
£625K10/220.48 mi2, Amherst Road, Manchester, Greater Manchester M14 6UQ5
£290K02/210.49 mi2, Connaught Avenue, Burnage, Manchester, Greater Manchester M19 2NN5
£450K03/210.51 mi97, Linden Park, Manchester, Greater Manchester M19 2PG5
£750K11/200.55 miThe Grange, Grange Avenue, Levenshulme, Manchester, Greater Manchester M19 2EY5
£333K11/230.6 mi18, Beech Range, Manchester, Greater Manchester M19 2EU5
£380K02/230.6 mi16, Beech Range, Manchester, Greater Manchester M19 2EU5
£100K07/210.6 mi13, Beech Range, Manchester, Greater Manchester M19 2EU5
£350K12/220.6 mi27, Chervil Close, Manchester, Greater Manchester M14 7DP5
£286K02/210.63 mi37, Albert Road, Manchester, Greater Manchester M19 2FT5
£490K05/230.65 mi40, Ranford Road, Manchester, Greater Manchester M19 2GL5
£525K12/200.68 mi30, Burlington Road, Manchester, Greater Manchester M20 4QA5
£495K03/210.72 mi3, Rushford Avenue, Manchester, Greater Manchester M19 2HG5
£294.4K06/210.8 mi170, Hamilton Road, Manchester, Greater Manchester M13 0PG5
£541.5K12/200.82 mi13, Parsonage Road, Manchester, Greater Manchester M20 4PW5
£420K01/230.83 mi46, Whitebrook Road, Manchester, Greater Manchester M14 6EF5
£330K06/210.88 mi91, Rippingham Road, Manchester, Greater Manchester M20 3FT5
£330K06/210.88 mi91, Rippingham Road, Manchester, Greater Manchester M20 3FT5
£425K03/210.95 mi8, Upper Kent Road, Manchester, Greater Manchester M14 5DF5
£419K06/210.95 mi8, Upper Kent Road, Manchester, Greater Manchester M14 5DF5
£400K07/220.98 mi28, Lower Park Road, Manchester, Greater Manchester M14 5QY5

Local Area Statistics

Population in M14

52,853

Population in Manchester

920,095

Town centre distance

1.91 miles away

Nearest school

0.40 miles away

Nearest train station

0.52 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

-42%

Sales demand

Seller's market

Capital growth (5yrs)

+49%

Property History

Listed for £410,000

March 5, 2025

Floor Plans

Description

  • HMO Property +
  • Located in Fallowfield +
  • Let for 2025/26 +
  • 5 Double Bedrooms +
  • Let for £3141.67pcm inc of bills +
  • Close to Public Transport +

* Brochure awaiting vendor approval * Nicholas Humphreys are delighted to bring this student property to the marketed situated in a very popular location in the centre of Fallowfield.   Five bedroom student HMO in a popular location just a couple of minutes walk from the main bus route to the University. The property is let for £3141.67pcm including bills f(but no wifi) or the 2025/26 academic year. The vendor informs us that the property has been let to sharing tenants for well over ten years and will be providing the paperwork to prove this. Manchester City Council granted a new HMO licence is 2024. We believe that there is scope for rental increase and that subject to the necessary permissions there may also be scope to increase the number of bedrooms. The total rent for the 2025/2026 academic year is £35,343.78 (there is a reduce rental over July and August). REFERRAL ARRANGEMENT NOTE
Nicholas Humphreys Estate Agents will sometimes refer sellers (and will offer to refer buyers) to 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 conveyancers named above, you should know that Nicholas Humphreys Estate Agents would receive a referral fee of £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: D. Tenure: Freehold,

Agent Details

Nicholas Humphreys, Manchester

0161 524 3540

Next Steps?

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