6 Bed HMO, Manchester, M30 9AN, £400,000

Victoria Crescent, Eccles, M30 9AN - 2 views - 5 days ago

HMO

ROI: 8%

~186 m²

+6 photos

ValuationUndervalued

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

Square Metres	~186 m²
Price/m²	£2.2K/m²
Value Estimate	£496,000£496,000
BMV	24%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£100,000£100,000
Stamp Duty & Legal Fees	£28,700£28,700
Total Cash In	£128,700£128,700

Cash Out
Room Rate	£589£589
Gross Rent	£3,534£3,534
Running Costs/mo	£2,682£2,682
Cashflow/mo	£852£852
Cashflow/yr	£10,218£10,218
ROI	8%8%
Gross Yield	11%11%

Local Sold Prices

18 sold prices from £306K to £1.2M, average is £487.5K. £1.3K/m² to £4K/m², average is £2.9K/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
£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
£452.5K	12/20	0.32 mi	7, Greenwood Place, Eccles, Manchester, Greater Manchester M30 9EX	£2,938	154	6	Detached House
£880K	11/20	0.36 mi	22, Ellesmere Road, Eccles, Manchester, Greater Manchester M30 9FD	£3,411	258	6	Semi-Detached House
£850K	09/22	0.8 mi	23, Brackley Road, Eccles, Manchester, Greater Manchester M30 9LG	-	-	6	Detached 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
£575K	03/21	1.66 mi	45, Drywood Avenue, Worsley, Manchester, Greater Manchester M28 2QA	£2,791	206	6	Detached 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
£820K	04/21	2.67 mi	95, Crofts Bank Road, Urmston, Manchester, Greater Manchester M41 0US	£3,285	250	6	Detached House
£1.1M	12/20	2.82 mi	296, Leigh Road, Worsley, Manchester, Greater Manchester M28 1LH	£3,679	299	6	Detached House
£306K	01/21	2.87 mi	10, Grassfield Avenue, Salford, Greater Manchester M7 1HW	£1,291	237	6	Semi-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)	+3%+3%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+56%+56%

Property History

Listed for £400,000

March 12, 2025

Floor Plans

Description

Victoria Semi Detached Property +
HMO-6 Bedrooms +
Shared Bathroom Facilities +
Investment Opportunity +
Freehold +
In Need Of Cosmetic Refrubishment +

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 shared bathroom 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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