Langham Road, Salford, Greater Manchester, M6
By Reeds Rains
£ 300,000
Reviews
2 out of 5 stars
Reeds Rains says ..
**FIVE BED HMO WITH LICENCE** **INVESTMENT OPPORTUNITY** **TO BE SOLD WITH TENANTS IN-SITU** **EXPANSIVE PROPERTY** **CURRENT MONTHLY INCOME OF £3068** This property has 5 bedrooms, two of which have ensuites, a communal kitchen/dining room, and a communal bathroom, it is an ideal investmen...
Property Oracle says ..
This five-bedroom property in Salford, Greater Manchester, is presented as an investment opportunity, currently operating as a licensed HMO with tenants in place. The listing highlights a substantial monthly rental income, suggesting potential for positive cash flow. The property’s interior, as shown in the photographs, appears well-maintained and recently refurbished, with modern fixtures and fittings in the kitchen and bathrooms. The location offers proximity to several well-regarded primary schools and Salford Crescent train station, providing convenient access to transport links. However, the lack of information regarding the exterior of the property, garden space, and more detailed comparable sales data limits a comprehensive evaluation. The absence of a plot size and limited information on local amenities also affects the overall assessment. The price of £300,000, while potentially justifiable given the HMO status and rental income, requires further scrutiny to determine its true market value compared to similar non-HMO properties in the area. Potential buyers should conduct thorough due diligence, including a property survey and detailed financial analysis of the rental income, before making a purchase decision.
Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *
- Price
- 6
- Condition
- 7
- Location
- 7
- Land
- 1
- Bedrooms
- 5
- Bathrooms
- 3
- Sqft (est)
- 1,511.25
The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.
Metrics Year-on-Year
- Average area value
- 367,000.00 £Decreased by 26.35 %
- Est sale value
- 539,516.25 £Decreased by 24.36 %
- Average area rental value
- 1,925.00 £/moIncreased by 20.01 %
- Est letting value
- 1,511.25 £/moUnchanged by 0.00 %
- Est rental Yield
- 6.29 %Increased by 62.95 %
- Crime Rate
- 0.00 %
Agent Activity
Reeds Rains created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| Holy Family Va Rc Primary School | Voluntary Aided School | Outstanding | 0.18 KM |
| Willow Tree Primary School | Community School | Good | 0.52 KM |
| Lark Hill Community Primary School | Community School | Requires improvement | 0.57 KM |
| Langworthy Children'S Centre | Children's Centre Linked Site | 0.62 KM | |
| Salford Education Inclusion Services At Halton House | Miscellaneous | 0.68 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| Willow Ford Close | £ 0 | 0 | 0.00 KM |
| Bellhill Gardens | £ 0 | 0 | 0.00 KM |
| Halton Bank | £ 0 | 0 | 0.00 KM |
| Greenland Street | £ 0 | 0 | 0.00 KM |
| Sandy Wood | £ 0 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Salford Crescent | 2794 | SLD | 1.83 KM |
| Manchester United Football Ground | 2996 | MUF | 2.79 KM |
| Trafford Park | 2969 | TRA | 4.13 KM |
| Salford Central | 2798 | SFD | 4.17 KM |
| Clifton (Manchester) | 2795 | CLI | 4.64 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| Langham Road, Salford, Greater Manchester, M6 | £ 300,000 | BUY | 5 / 10 | 0.00 KM |
| Jones Street, Salford | £ 170,000 | BUY | 5 / 10 | 0.03 KM |
| Jones Street, Salford, M6 | £ 180,000 | BUY | 6 / 10 | 0.04 KM |
| Jones Street, Salford, M6 | £ 190,000 | BUY | 6 / 10 | 0.04 KM |
| Osborne Street, Salford, M6 | £ 180,000 | BUY | 6 / 10 | 0.04 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 6 Jones Street | £ 67,000 | 0.04 KM |
| 10 Jones Street | £ 126,000 | 0.04 KM |
| 7 Jones Street | £ 130,000 | 0.04 KM |
| 15 Jones Street | £ 170,000 | 0.04 KM |
| 35 Jones Street | £ 134,000 | 0.04 KM |