6 Bed HMO, Salford, M6 7EL, £325,000

51 Barrfield Road, Salford, M6 7EL - 1 views - 6 days ago

Sold STC
HMO
Refurb/BRRR
ROI: 6%
179 m²
+9 photos

ValuationFair Value

Sold Prices£306K - £1.2M
Sold Prices/m²£1.3K/m² - £4K/m²

 

 

Square Metres

179 m²
Price/m²£1.8K/m²

Value Estimate

£325,000

 

 

End Value (After Refurb)

£420,855

Uplift in Value

+29%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£81,250

Stamp Duty & Legal Fees

£21,200

Refurb Costs

£75,889

Bridging Loan Interest

£8,531

Total Cash In

£188,620

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£420,855

Mortgage (After Refinance)

£315,641

Mortgage LTV

75%

Cash Released

£71,891

Cash Left In

£116,729

Equity

£105,214

Room Rate

£615

Gross Rent

£3,690

Running Costs/mo

£2,788

Cashflow/mo

£902

Cashflow/yr

£10,818

ROI

6%

Gross Yield

14%

Local Sold Prices

30 sold prices from £306K to £1.2M, average is £520K. £1.3K/m² to £4K/m², average is £2.7K/m².

PriceDateDistanceAddressBeds 
£330K06/230.03 mi15, Barrfield Road, Salford, Greater Manchester M6 7EL6
£320K10/220.03 mi19, Barrfield Road, Salford, Greater Manchester M6 7EL6
£415.5K12/220.42 mi89, Claremont Road, Salford, Greater Manchester M6 7GP6
£460K09/211.24 mi6, Appleyard Close, Swinton, Manchester, Greater Manchester M27 8AZ6
£495K12/221.29 mi29, Snowdon Road, Eccles, Manchester, Greater Manchester M30 9AS6
£420K08/221.42 mi36, Greene Way, Salford, Greater Manchester M7 3BP6
£306K01/211.47 mi10, Grassfield Avenue, Salford, Greater Manchester M7 1HW6
£480K06/211.63 mi55, Stafford Road, Eccles, Manchester, Greater Manchester M30 9ED6
£540K07/221.65 mi3, Greenwood Place, Eccles, Manchester, Greater Manchester M30 9EX6
£452.5K12/201.65 mi7, Greenwood Place, Eccles, Manchester, Greater Manchester M30 9EX6
£1.1M11/211.67 mi28, Half Edge Lane, Eccles, Manchester, Greater Manchester M30 9GJ6
£880K11/201.71 mi22, Ellesmere Road, Eccles, Manchester, Greater Manchester M30 9FD6
£500K06/211.86 mi8, Kersal Bank, Salford, Greater Manchester M7 4NR6
£690K10/231.89 mi441, Bury New Road, Salford, Greater Manchester M7 4LE6
£410K12/201.92 mi5, Broughton Green Square, Salford, Greater Manchester M7 2GH6
£810K11/232.04 mi33, Cavendish Road, Salford, Greater Manchester M7 4WP6
£360K06/212.05 mi28, Hilton Crescent, Prestwich, Manchester, Greater Manchester M25 9NQ6
£720K10/202.06 mi22, New Hall Road, Salford, Greater Manchester M7 4HQ6
£645K06/212.1 mi13, New Hall Avenue, Salford, Greater Manchester M7 4JY6
£810K10/212.1 mi63, Singleton Road, Salford, Greater Manchester M7 4NA6
£500K06/212.12 mi94, Northumberland Street, Salford, Greater Manchester M7 4DR6
£850K09/222.12 mi23, Brackley Road, Eccles, Manchester, Greater Manchester M30 9LG6
£585K03/212.29 mi69, Upper Park Road, Salford, Greater Manchester M7 4JB6
£1.0M01/212.29 mi41, Upper Park Road, Salford, Greater Manchester M7 4JB6
£365K10/202.35 mi4, Wilton Avenue, Prestwich, Manchester, Greater Manchester M25 0HD6
£1.2M06/212.48 mi146, Chatsworth Road, Worsley, Manchester, Greater Manchester M28 2NT6
£925K05/222.5 mi16, Castle Hill Road, Prestwich, Manchester, Greater Manchester M25 0FR6
£665K03/212.6 mi87, Park Road, Prestwich, Manchester, Greater Manchester M25 0DX6
£450K10/222.77 mi20, St Marys Hall Road, Manchester, Greater Manchester M8 5DZ6
£575K03/212.94 mi45, Drywood Avenue, Worsley, Manchester, Greater Manchester M28 2QA6

Local Area Statistics

Population in M6

31,268

Population in Salford

88,697

Town centre distance

0.69 miles away

Nearest school

0.10 miles away

Nearest train station

0.92 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+32%

Sales demand

Seller's market

Capital growth (5yrs)

+58%

Property History

Listed for £325,000

March 11, 2025

Floor Plans

Description

  • Five/Six Bedroom Terraced +
  • Some Modernisation Required +
  • HMO Licence in Place (Although not transferable to new owner) +
  • On Street Parking +
  • Two Bathrooms +
  • Two Seperate Reception Rooms +
  • No Onward Chain +
  • EPC Rating E / Council Tax Band A +
  • Freehold +

Welcome to Barrfield Road, Salford - a charming location that could be the perfect setting for your new home! This terraced house boasts not just 5, but the potential of 6 bedrooms, offering ample space for a growing family or those who love to have guests over.

As you step inside, you'll be greeted by 2 reception rooms, providing versatile spaces that can be tailored to suit your lifestyle - whether you fancy a cosy reading nook or a formal dining area. With 2 bathrooms, one upstairs, one down, the morning rush will be a thing of the past, ensuring everyone can get ready without any hassle.

Although some renovation is required, this property presents a fantastic opportunity to put your own stamp on it and create a space that truly reflects your taste and style. The large size of the house means there's plenty of potential to transform it into your dream home. Additionally, there is a cellar for additional storage.

Convenient on-street parking adds to the appeal of this property, making it easy for you and your guests to come and go without any parking woes. Don't miss out on the chance to own this spacious 5/6 bedroom property in a sought-after location - book a viewing today and start envisioning the possibilities! NO ONWARD CHAIN. FREEHOLD.

Entrance - Porch entrance. Entrance hall with access to all ground floor rooms and cellar. Laminate flooring. Radiator. Ceiling light.

Reception Room 1 - 4.77 x 3.32 (15'7" x 10'10") - Fitted carpet. Wall mounted fireplace. Ceiling light. Bay window.

Reception Room 2 - 4.16 x 3.40 (13'7" x 11'1") - Fitted carpet. Radiator. Ceiling light. Electric fire.

Kitchen/Diner - 5.64 x 2.78 (18'6" x 9'1") - Range of wall and base units with worktops over. Sink with mixer tap. Freestanding cooker and fridge/freezer. Washing machine. Access to yard. Spotlights and ceiling light. Wall mounted gas fireplace.

Downstairs Wetroom - Fully tiled. Low level W/C. Sink with 2 tap holes. Radiator. Ceiling light. Window.

Bedroom One - 5.38 x 4.00 (17'7" x 13'1") - Fitted carpet. Radiator. Ceiling light.

Bedroom Two - 4.19 x 3.47 (13'8" x 11'4") - Fitted carpet. Radiator. Ceiling light.

Bedroom Three - 3.47 x 3.27 (11'4" x 10'8") - Fitted carpet. Radiator. Ceiling light.

Bathroom - Fully tiled bathroom suite. Low level W/C. Sink with mixer tap. Bath with mixer shower attachment. Ceiling light. Window.

Bedroom Four - 5.14 x 3.26 (16'10" x 10'8") - Fitted carpet. Radiator. Ceiling light.

Bedroom Five - 5.02 x 3.13 (16'5" x 10'3") - Fitted carpet. Ceiling light.

Bedroom Six/Study - 3.25 x 3.03 (10'7" x 9'11") - Fitted carpet. Radiator. Ceiling light. Velux window.

Externally - Enclosed rear yard with water tap. Small front yard.

Agent Details

Jordan Fishwick, Manchester

0161 524 3050

Next Steps?

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