5 Bed HMO, Salford, M5 5JT £285,000

4 Baltic Street, Salford - 6 views - a year ago
HMO
ROI: 1%
~80 m²
Property image

ValuationOvervalued

Sold Prices£128K - £1.3M
Sold Prices/m²£992/m² - £4.7K/m²

 

 

Square Metres

~80.10 m²
Price/m²£3.6K/m²

Value Estimate

£199,106

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£71,250

Stamp Duty & Legal Fees

£17,200

Total Cash In

£88,450

 

 

Cash Out

 

Room Rate

£375

Gross Rent

£1,875

Running Costs/mo

£1,837

Cashflow/mo

£38

Cashflow/yr

£454

ROI

1%

Gross Yield

8%

Local Sold Prices

47 sold prices from £128K to £1.3M, average is £522.5K. £992/m² to £4.7K/m², average is £2.8K/m².

Price
Date
Distance
Address
Beds
 
£128K06/210.29 mi5, Cemetery Road, Salford, Greater Manchester M5 5WG5
£163K09/230.3 mi22, Milford Street, Salford, Greater Manchester M6 5GQ5
£235K09/220.31 mi4, Lords Avenue, Salford, Greater Manchester M5 5HH5
£307K03/240.61 mi35, Chaplin Close, Salford M6 8FW5
£307K03/240.61 mi35, Chaplin Close, Salford M6 8FW5
£775K11/230.62 mi118, Eccles Old Road, Salford M6 8QQ5
£775K11/230.62 mi118, Eccles Old Road, Salford M6 8QQ5
£560K09/230.68 mi25, Lullington Road, Salford, Greater Manchester M6 8GW5
£522.5K10/220.72 mi151, Claremont Road, Salford, Greater Manchester M6 8PA5
£352.5K05/210.98 mi2b, Wilton Road, Salford, Greater Manchester M6 8FP5
£432.5K09/231.07 mi45, Devonshire Road, Salford, Greater Manchester M6 8HZ5
£475K08/221.14 mi11, Park Road, Salford, Greater Manchester M6 8HN5
£525K11/231.15 mi32, Park Road, Salford, Greater Manchester M6 8JP5
£370K05/211.23 mi8, Gilda Crescent Road, Eccles, Manchester, Greater Manchester M30 9AG5
£375K03/231.26 mi5, Emerson Avenue, Eccles, Manchester, Greater Manchester M30 0DQ5
£315K04/231.29 mi4, Malvern Drive, Pendlebury, Manchester, Greater Manchester M27 8XT5
£577K05/221.38 mi6, Portland Road, Eccles, Manchester, Greater Manchester M30 9DP5
£632.5K11/221.48 mi9, Chatsworth Road, Eccles, Manchester, Greater Manchester M30 9DZ5
£560K12/221.52 mi54, Manchester Road, Pendlebury, Manchester, Greater Manchester M27 5ET5
£333K02/251.54 mi35, Carina Place, Salford, Greater Manchester M7 1WZ5
£985K11/231.56 mi1, Rutland Road, Eccles, Manchester, Greater Manchester M30 9FA5
£645K01/231.56 mi29, Chatsworth Road, Eccles, Manchester, Greater Manchester M30 9DZ5
£621K09/241.56 mi25, Chatsworth Road, Eccles M30 9DZ5
£580K06/211.57 mi34, Westminster Road, Eccles, Manchester, Greater Manchester M30 9EA5
£333K02/251.57 mi35, Carina Place, Salford M7 1WZ5
£610K06/211.57 mi12, Half Edge Lane, Eccles, Manchester, Greater Manchester M30 9GJ5
£821K06/241.61 mi37, Chatsworth Road, Manchester M30 9DZ5
£450K09/241.67 mi80, Wellington Road, Manchester M30 9GW5
£544K07/241.68 mi5, Greenwood Place, Manchester M30 9EX5
£500K06/241.7 mi16, Greenwood Place, Eccles, Manchester, Greater Manchester M30 9EX5
£910K06/241.71 mi5, Westminster Road, Manchester M30 9HF5
£512.5K03/231.73 mi112, Manchester Road, Swinton, Manchester, Greater Manchester M27 5FQ5
£1.3M06/231.74 mi2, Stafford Road, Eccles, Manchester, Greater Manchester M30 9HW5
£980K06/211.74 mi30, Stafford Road, Eccles, Manchester, Greater Manchester M30 9HW5
£735K07/221.74 mi8, Feversham Close, Eccles, Manchester, Greater Manchester M30 9EU5
£285K05/211.75 mi11, Oak Road, Salford, Greater Manchester M7 2HP5
£875K07/251.79 mi97, Monton Road, Manchester M30 9HQ5
£710K01/251.79 mi23, Godolphin Close, Manchester M30 9EW5
£710K01/251.79 mi23, Godolphin Close, Manchester M30 9EW5
£440K11/221.79 mi3, Godolphin Close, Eccles, Manchester, Greater Manchester M30 9EW5
£175K12/221.83 mi32, Albert Park Road, Salford, Greater Manchester M7 1LT5
£369.5K07/211.84 mi8, Rivington Avenue, Pendlebury, Manchester, Greater Manchester M27 8TP5
£535K09/241.87 mi9, Bolbury Crescent, Manchester M27 8AJ5
£630K08/211.88 mi135, Monton Road, Eccles, Manchester, Greater Manchester M30 9HQ5
£365K06/231.92 mi5, Lynwood Avenue, Eccles, Manchester, Greater Manchester M30 0UH5
£370K11/241.99 mi6, Blyton Lane, Salford M7 3BR5
£370K11/241.99 mi6, Blyton Lane, Salford M7 3BR5

Local Area Statistics

Population in M5

14,445

Population in Salford

88,697

Town centre distance

1.39 miles away

Nearest school

0.10 miles away

Nearest train station

0.31 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+9%

Sales demand

Buyer's market

Capital growth (5yrs)

+9%

Property History

Listed for £285,000

September 18, 2024

Floor Plans

Property image

Description

  • HMO +
  • INVESTMENT +
  • TENANTED +
  • 5 BEDROOMS +
  • 11.5% YIELD +
  • HEALTHY ANNUAL INCOME +
  • HANDS OFF INVESTMENT +

HMO, INVESTORS, PORTFOLIO, ALREADY GENERATING INCOME

Managed by Mistoria Estate Agents and Student Haus

Welcome to this charming terraced house located on Baltic Street in Salford. This property boasts 1 reception room, 5 bedrooms, and 1 bathroom spread across 883 sq ft of living space.

What makes this property truly special is that it is a hands-off investment opportunity! With tenants already in place, this property is generating a fantastic income of £37,000 per annum, providing you with an impressive 11.96% return on your investment.

Agent Details

Mistoria, Little Lever

0161 524 3711

Next Steps?

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