Langham Road, Salford, Greater Manchester, M6
RE

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 %
from 498,335.00 £
Est sale value
539,516.25 £
Decreased by 24.36 %
from 713,310.00 £
Average area rental value
1,925.00 £/mo
Increased by 20.01 %
from 1,604.00 £/mo
Est letting value
1,511.25 £/mo
Unchanged by 0.00 %
from 1,511.25 £/mo
Est rental Yield
6.29 %
Increased by 62.95 %
from 3.86 %
Crime Rate
0.00 %
from 0.00 %

Agent Activity

  • Reeds Rains created the listing.

Nearby Schools

NameTypeOfstedDistance
Holy Family Va Rc Primary SchoolVoluntary Aided SchoolOutstanding0.18 KM
Willow Tree Primary SchoolCommunity SchoolGood0.52 KM
Lark Hill Community Primary SchoolCommunity SchoolRequires improvement0.57 KM
Langworthy Children'S CentreChildren's Centre Linked Site0.62 KM
Salford Education Inclusion Services At Halton HouseMiscellaneous0.68 KM

Images

Room Room Two Room Room Three Communal Kitchen Room Communal Bathroom Room Two Surrounding Area

Nearby Streets

NameAverage PriceAverage SqftDistance
Willow Ford Close £ 000.00 KM
Bellhill Gardens £ 000.00 KM
Halton Bank £ 000.00 KM
Greenland Street £ 000.00 KM
Sandy Wood £ 000.00 KM

Nearby Transport

NameNLCTLCDistance
Salford Crescent2794SLD1.83 KM
Manchester United Football Ground2996MUF2.79 KM
Trafford Park2969TRA4.13 KM
Salford Central2798SFD4.17 KM
Clifton (Manchester)2795CLI4.64 KM

Nearby Listings

AddressPriceTypeScoreDistance
Langham Road, Salford, Greater Manchester, M6 £ 300,000BUY5 / 100.00 KM
Jones Street, Salford £ 170,000BUY5 / 100.03 KM
Jones Street, Salford, M6 £ 180,000BUY6 / 100.04 KM
Jones Street, Salford, M6 £ 190,000BUY6 / 100.04 KM
Osborne Street, Salford, M6 £ 180,000BUY6 / 100.04 KM

Nearby Properties

AddressPriceDistance
6 Jones Street £ 67,0000.04 KM
10 Jones Street £ 126,0000.04 KM
7 Jones Street £ 130,0000.04 KM
15 Jones Street £ 170,0000.04 KM
35 Jones Street £ 134,0000.04 KM