5 Bed HMO, Salford, M6 5JZ, £325,000

14 Highfield Road, Salford M6 5JZ - 1 views - 6 days ago

HMO
ROI: 10%
93 m²
+11 photos

ValuationOvervalued

Sold Prices£128K - £985K
Sold Prices/m²£992/m² - £4.6K/m²

 

 

Square Metres

93 m²
Price/m²£3.5K/m²

Value Estimate

£231,171

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£81,250

Stamp Duty & Legal Fees

£21,200

Total Cash In

£102,450

 

 

Cash Out

 

Room Rate

£627

Gross Rent

£3,135

Running Costs/mo

£2,252

Cashflow/mo

£883

Cashflow/yr

£10,597

ROI

10%

Gross Yield

12%

Local Sold Prices

35 sold prices from £128K to £985K, average is £432.5K. £992/m² to £4.6K/m², average is £2.5K/m².

PriceDateDistanceAddressBeds 
£280K02/210.35 mi188, Derby Road, Salford, Greater Manchester M5 5NA5
£163K09/230.37 mi22, Milford Street, Salford, Greater Manchester M6 5GQ5
£128K06/210.62 mi5, Cemetery Road, Salford, Greater Manchester M5 5WG5
£235K09/220.73 mi4, Lords Avenue, Salford, Greater Manchester M5 5HH5
£560K09/230.81 mi25, Lullington Road, Salford, Greater Manchester M6 8GW5
£522.5K10/220.88 mi151, Claremont Road, Salford, Greater Manchester M6 8PA5
£435K12/200.88 mi173, Claremont Road, Salford, Greater Manchester M6 8PA5
£339K03/211.04 mi71, Claremont Road, Salford, Greater Manchester M6 7GP5
£315K04/231.24 mi4, Malvern Drive, Pendlebury, Manchester, Greater Manchester M27 8XT5
£223K04/211.25 mi22, Hayfield Road, Salford, Greater Manchester M6 8PZ5
£352.5K05/211.31 mi2b, Wilton Road, Salford, Greater Manchester M6 8FP5
£285K05/211.32 mi11, Oak Road, Salford, Greater Manchester M7 2HP5
£175K12/221.39 mi32, Albert Park Road, Salford, Greater Manchester M7 1LT5
£432.5K09/231.46 mi45, Devonshire Road, Salford, Greater Manchester M6 8HZ5
£525K11/231.48 mi32, Park Road, Salford, Greater Manchester M6 8JP5
£475K08/221.49 mi11, Park Road, Salford, Greater Manchester M6 8HN5
£368K02/211.51 mi72, Park Road, Salford, Greater Manchester M6 8JR5
£370K05/211.59 mi8, Gilda Crescent Road, Eccles, Manchester, Greater Manchester M30 9AG5
£560K12/221.59 mi54, Manchester Road, Pendlebury, Manchester, Greater Manchester M27 5ET5
£320K10/201.65 mi27, Snowdon Road, Eccles, Manchester, Greater Manchester M30 9AS5
£375K03/231.65 mi5, Emerson Avenue, Eccles, Manchester, Greater Manchester M30 0DQ5
£298K11/201.68 mi6, Blyton Lane, Salford, Greater Manchester M7 3BR5
£577K05/221.73 mi6, Portland Road, Eccles, Manchester, Greater Manchester M30 9DP5
£515K10/211.78 mi3, Degas Close, Salford, Greater Manchester M7 3BG5
£500K10/201.82 mi5, Clarendon Crescent, Eccles, Manchester, Greater Manchester M30 9AU5
£400K07/221.82 mi388, Great Clowes Street, Salford, Greater Manchester M7 2EB5
£512.5K03/231.82 mi112, Manchester Road, Swinton, Manchester, Greater Manchester M27 5FQ5
£632.5K11/221.82 mi9, Chatsworth Road, Eccles, Manchester, Greater Manchester M30 9DZ5
£369.5K07/211.83 mi8, Rivington Avenue, Pendlebury, Manchester, Greater Manchester M27 8TP5
£645K01/231.89 mi29, Chatsworth Road, Eccles, Manchester, Greater Manchester M30 9DZ5
£580K06/211.9 mi34, Westminster Road, Eccles, Manchester, Greater Manchester M30 9EA5
£985K11/231.91 mi1, Rutland Road, Eccles, Manchester, Greater Manchester M30 9FA5
£610K06/211.96 mi12, Half Edge Lane, Eccles, Manchester, Greater Manchester M30 9GJ5
£532.5K09/222 mi20, St Hildas Road, Old Trafford, Manchester, Greater Manchester M16 9PQ5
£560K08/232 mi36, St Hildas Road, Old Trafford, Manchester, Greater Manchester M16 9PQ5

Local Area Statistics

Population in M6

31,268

Population in Salford

88,697

Town centre distance

1.30 miles away

Nearest school

0.10 miles away

Nearest train station

0.51 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 13, 2025

Floor Plans

Description

  • Fully Compliant HMO Property For Sale +
  • Gross Yield of 11.6% +
  • 5 Bedroom & 5 En-suite +
  • Annual Rental Income of £37,620.00 +
  • Freehold Property +
  • EPC Rating: C +

Property Description for 14 Highfield Road, Salford M6 5JZ
Overview: A well-presented, mid-terrace HMO property located in a highly sought-after area of Salford; 14 Highfield Road offers an excellent investment opportunity. With 5 spacious bedrooms, each with its own ensuite bathroom, this property is ideal for professionals looking for modern, high-quality accommodation. The property benefits from a valid HMO license and the landlord has recently submitted a planning approval application to Salford Council to confirm Lawful Use.

Key Features:
- 5 Bedrooms / 5 Bathrooms: Each bedroom comes with its ensuite, providing convenience and privacy for each tenant.
- Freehold: The property is offered as freehold, providing stability for the buyer.
- Current Rent: The property generates a total of £3,135 per month (£37,620 per annum) in rent, with all rooms currently occupied. Tenants are on rolling contracts, and the current letting agent confirms there are no upcoming vacancies.
- Article 4 Area: Situated in an Article 4 area, ensuring that the property is compliant with local planning regulations for HMO properties.

Investment Figures:
- Asking price: £325,000.00
- Gross yield: 11.6%

Compliance: All necessary compliance documents are in place, including EICR (Electrical Installation Condition Report), gas safety certification, smoke detection, and fire safety measures.

EPC: C (valid till March 2028)

Agent Details

Pure, Manchester

0161 524 5533

Next Steps?

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