6 Bed HMO, Manchester, M30 9AN £350,000

Victoria Crescent, Eccles, M30 9AN - 8 months ago

Sold STC

HMO

Inside Article 4

ROI: 13%

~157 m²

ValuationUndervalued

Sold Prices	£319K - £1.2M
Sold Prices/m²	£1.6K/m² - £4K/m²

Square Metres	~157.30 m²
Price/m²	£2.2K/m²
Value Estimate	£397,649£397,649
BMV	14%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£87,500£87,500
Stamp Duty & Legal Fees	£26,200£26,200
Total Cash In	£113,700£113,700

Cash Out
Room Rate	£628£628
Gross Rent	£3,768£3,768
Running Costs/mo	£2,562£2,562
Cashflow/mo	£1,206£1,206
Cashflow/yr	£14,471£14,471
ROI	13%13%
Gross Yield	13%13%

Local Sold Prices

16 sold prices from £319K to £1.2M, average is £470K. £1.6K/m² to £4K/m², average is £2.5K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£495K	12/22	0.11 mi	29, Snowdon Road, Eccles, Manchester, Greater Manchester M30 9AS	-	-	6	Semi-Detached House
£830K	02/25	0.13 mi	19, Sandwich Road, Manchester M30 9DX	£2,243	370	6	Semi-Detached House
£480K	06/21	0.27 mi	55, Stafford Road, Eccles, Manchester, Greater Manchester M30 9ED	£3,974	121	6	Detached House
£1.1M	11/21	0.3 mi	28, Half Edge Lane, Eccles, Manchester, Greater Manchester M30 9GJ	£3,747	287	6	Detached House
£540K	07/22	0.32 mi	3, Greenwood Place, Eccles, Manchester, Greater Manchester M30 9EX	£3,293	164	6	Detached House
£595K	07/25	0.35 mi	28, Greenwood Place, Manchester M30 9EX	-	-	6	Detached House
£850K	09/22	0.8 mi	23, Brackley Road, Eccles, Manchester, Greater Manchester M30 9LG	-	-	6	Detached House
£319K	05/25	1.11 mi	218, Weaste Lane, Salford M5 5HF	£2,381	134	6	Terraced House
£319K	05/25	1.11 mi	218, Weaste Lane, Salford M5 5HF	-	-	6	Terraced House
£415.5K	12/22	1.14 mi	89, Claremont Road, Salford, Greater Manchester M6 7GP	£2,283	182	6	Semi-Detached House
£1.2M	06/21	1.32 mi	146, Chatsworth Road, Worsley, Manchester, Greater Manchester M28 2NT	£3,919	296	6	Detached House
£330K	06/23	1.43 mi	15, Barrfield Road, Salford, Greater Manchester M6 7EL	£1,684	196	6	Terraced House
£320K	10/22	1.43 mi	19, Barrfield Road, Salford, Greater Manchester M6 7EL	£1,600	200	6	Terraced House
£460K	09/21	1.9 mi	6, Appleyard Close, Swinton, Manchester, Greater Manchester M27 8AZ	£2,359	195	6	Detached House
£420K	08/22	2.59 mi	36, Greene Way, Salford, Greater Manchester M7 3BP	£2,675	157	6	Detached House
£360K	09/23	2.9 mi	67, Old Clough Lane, Worsley, Manchester, Greater Manchester M28 3EG	£2,951	122	6	Semi-Detached House

Local Area Statistics

Population in M30	36,16536,165
Population in Manchester	920,095920,095
Town centre distance	4.19 miles away4.19 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.36 miles away0.36 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+1%+1%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+52%+52%

Property History

Price changed to £350,000

May 15, 2025

Listed for £400,000

March 12, 2025

Sold for £34,500

1997

Floor Plans

Description

6 Bedroom HMO +
Great Investment Opportunity +
In Need Ogf Cosmetic Updating +
Off Road Parking +
2 Shared Bathrooms +
Gardens +

POTENTIAL INVESTMENT OPPORTUNITY – 6 Bedroom HMO Property.

Situated in a highly sought-after and convenient location, this period property spans four floors and presents a good investment opportunity. The property comprises of 6 bedrooms all with kitchenette facilities and a 2 shared bathrooms. All rooms are rented on short-term rolling contracts, providing immediate rental income.

The property requires some cosmetic updating hence the asking price. Each room is available for viewing allowing potential buyers to explore the property.

Victoria Crescent is located close to the highly desirable Ellesmere Park area, just a short walk from Salford Royal Hospital, Eccles Town Centre, and the vibrant Monton Village, renowned for its selection of bars, restaurants, and local amenities. The property also enjoys excellent transport links.

This property represents a great investment opportunity as it stands, with the potential for further development to maximise returns.

Agent Details

Thornley Groves, Monton

0161 524 9345

Next Steps?

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

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