5 Bed HMO, Manchester, M14 4PF £350,000

Heald Place, Rusholme, Manchester, M14 4PF - 4 views - 7 months ago
Sold STC
HMO
Planning
Inside Article 4
ROI: 2%
~178 m²
Property image

ValuationFair Value

Sold Prices£100K - £980K
Sold Prices/m²£741/m² - £5.1K/m²

 

 

Square Metres

~178.28 m²
Price/m²£2K/m²

Value Estimate

£350,000

 

 

End Value (After Refurb)

£463,535

Uplift in Value

+32%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£87,500

Stamp Duty & Legal Fees

£26,200

Refurb Costs

£82,714

Bridging Loan Interest

£9,188

Total Cash In

£207,352

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£463,535

Mortgage (After Refinance)

£347,652

Mortgage LTV

75%

Cash Released

£85,152

Cash Left In

£122,200

Equity

£115,884

Room Rate

£592

Gross Rent

£2,960

Running Costs/mo

£2,690

Cashflow/mo

£270

Cashflow/yr

£3,245

ROI

2%

Gross Yield

10%

Local Sold Prices

50 sold prices from £100K to £980K, average is £420K. £741/m² to £5.1K/m², average is £2.8K/m².

Price
Date
Distance
Address
Beds
 
£250K08/210.31 mi14, Crescent Range, Manchester, Greater Manchester M14 5RW5
£325K07/230.58 mi35, Hathersage Road, Manchester, Greater Manchester M13 0EJ5
£419K06/210.68 mi8, Upper Kent Road, Manchester, Greater Manchester M14 5DF5
£419K06/210.68 mi8, Upper Kent Road, Manchester M14 5DF5
£419K06/210.68 mi8, Upper Kent Road, Manchester M14 5DF5
£373.3K02/230.92 mi81, Wilbraham Road, Manchester M14 7DN5
£420K01/230.94 mi46, Whitebrook Road, Manchester M14 6EF5
£420K01/230.97 mi46, Whitebrook Road, Manchester, Greater Manchester M14 6EF5
£350K12/221 mi27, Chervil Close, Manchester, Greater Manchester M14 7DP5
£540K04/251.01 mi98, Yarburgh Street, Manchester M16 7EH5
£540K04/251.01 mi98, Yarburgh Street, Manchester M16 7EH5
£188K03/231.06 mi330, Dickenson Road, Manchester, Greater Manchester M13 0NG5
£150K07/211.12 mi14, Hamilton Road, Manchester, Greater Manchester M13 0PB5
£665K03/251.13 mi17, Mayfield Road, Manchester M16 8FU5
£468K12/221.15 mi13, Birchington Road, Manchester, Greater Manchester M14 6BY5
£665K03/251.17 mi17, Mayfield Road, Manchester, Greater Manchester M16 8FU5
£294.4K06/211.3 mi170, Hamilton Road, Manchester, Greater Manchester M13 0PG5
£525K01/241.3 mi56, Manley Road, Manchester, Greater Manchester M16 8HP5
£250K01/251.35 mi10, Whitby Avenue, Fallowfield, Manchester, Greater Manchester M14 6QJ5
£321K05/251.35 mi10, Cedar Grove, Manchester M14 6YF5
£321K05/251.35 mi10, Cedar Grove, Manchester M14 6YF5
£450K10/221.36 mi32, Athol Road, Manchester, Greater Manchester M16 8QN5
£705K02/241.36 mi22, Athol Road, Manchester, Greater Manchester M16 8QN5
£642.5K02/251.36 mi5, Blair Road, Manchester M16 8NS5
£550K09/211.39 mi17, Amherst Road, Manchester, Greater Manchester M14 6UG5
£726.7K04/251.4 mi12, Blair Road, Manchester M16 8NS5
£726.7K04/251.4 mi12, Blair Road, Manchester M16 8NS5
£330K06/211.4 mi91, Rippingham Road, Manchester, Greater Manchester M20 3FT5
£642.5K02/251.4 mi5, Blair Road, Manchester, Greater Manchester M16 8NS5
£365K03/251.41 mi25, Grosvenor Road, Manchester, Greater Manchester M16 8JP5
£625K10/221.41 mi2, Amherst Road, Manchester, Greater Manchester M14 6UQ5
£365K03/251.42 mi25, Grosvenor Road, Manchester M16 8JP5
£488.6K10/241.44 mi15, Hazel Avenue, Manchester, Greater Manchester M16 8DY5
£475K09/241.44 mi13, Derby Road, Manchester, Greater Manchester M14 6UX5
£620K01/221.46 mi2, Holwood Drive, Manchester, Greater Manchester M16 8WS5
£316K10/211.47 mi8, Russell Avenue, Manchester, Greater Manchester M16 8JQ5
£555K09/231.47 mi8, Holwood Drive, Manchester M16 8WS5
£555K09/231.47 mi8, Holwood Drive, Manchester M16 8WS5
£295K07/221.48 mi156, Northmoor Road, Manchester, Greater Manchester M12 5RS5
£360K08/241.53 mi180, Ladybarn Lane, Manchester M14 6RW5
£360K08/241.53 mi180, Ladybarn Lane, Manchester M14 6RW5
£251K08/231.55 mi101, Manley Road, Manchester, Greater Manchester M16 8WE5
£617.5K04/241.55 mi11, Wood Road, Manchester, Greater Manchester M16 9RB5
£775K10/221.55 mi5, Wood Road, Manchester, Greater Manchester M16 9RB5
£480K03/251.6 mi50, Albert Road, Manchester M19 2AB5
£980K08/251.61 mi8, Parsonage Road, Manchester M20 4PQ5
£100K07/211.62 mi13, Beech Range, Manchester, Greater Manchester M19 2EU5
£333K11/231.62 mi18, Beech Range, Manchester, Greater Manchester M19 2EU5
£380K02/231.62 mi16, Beech Range, Manchester, Greater Manchester M19 2EU5
£660K03/251.65 mi131, College Road, Manchester M16 0AA5

Local Area Statistics

Population in M14

52,853

Population in Manchester

920,095

Town centre distance

0.90 miles away

Nearest school

0.20 miles away

Nearest train station

1.19 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+179%

Sales demand

Seller's market

Capital growth (5yrs)

+43%

Property History

Listed for £350,000

March 27, 2025

Floor Plans

Property image

Description

  • 2025/26 income of £35,490inc bills +
  • A short walk to the Universities +
  • Bay fronted terrace property +
  • Scope to do a loft conversion +

Nicholas Humphreys are delighted to bring this five bedroom student investment property to the market. There is an HMO licence for 5 tenants which was granted in 2024. The vendor has confirmed that the property has been let to sharing tenants for 10 or more years and has copies of tenancy agreements to prove this.  The property briefly comprises of: Spacious entrance hallway leading to two ground floor bedrooms and a separate living room, this then leads to the kitchen. On the first floor there are three further bedrooms and two shower rooms.  Situated just around the corner from Oxford Road, the property is perfectly placed for students who are at either of the Universities, and want to enjoy the plethora of restaurants and bars/cafes in the vicinity. We believe that subject to the necessary permissions there may be scope to increase the number of bedrooms by either extending or converting the loft.  REFERRAL ARRANGEMENT NOTE
Nicholas Humphreys Estate Agents will sometimes refer sellers (and will offer to refer buyers) to Hargreaves Gilman, 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 broker named above, you should know that Nicholas Humphreys Estate Agents would receive a referral fee of up to £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: C. Tenure: Freehold, Known building safety issues or planned/required works: No known issues. Planning permissions: Erection of part nine, part eight, part seven storeys building for use as purpose built student accommodation and conversion of 466-468 to purpose built student accommodation use with link, associated landscaping, access and cycle parking following demolition of 470 - 472 Moss Lane East Mobile signal information: 5G coverage (except from O2)

Agent Details

Nicholas Humphreys, Manchester

0161 524 3540

Next Steps?

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