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Banff Road, Rusholme, Manchester, M14 - Image 1
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Banff Road, Rusholme, Manchester, M14

North West

£325,000
Listed on 04/02/2026

Property Details

Bedrooms
5
Type
Terraced house

Description

This property presents an excellent opportunity for investment in the HMO sector, situated in a sought-after rental area with high demand among students and young professionals. For over 15 years, the current owner has successfully let the space, supported by comprehensive tenancy documentation spanning at least the last decade. With a valid HMO license permitting five occupants, there is significant potential for increasing rental income and expanding the property's capacity through renovations, pending necessary permissions. While the property is currently occupied until June 2026, it has not been advertised for subsequent academic years, giving new owners flexibility to either continue as-is or implement their improvements. The accommodation features five lettable rooms accompanied by shared facilities, including a recently modernized kitchen equipped with a breakfast bar for convenient living. The layout includes two bedrooms and communal areas on the ground floor, while the first floor houses three additional bedrooms alongside a bathroom. Outside, there is a modest outdoor space and on-street permit parking available. The property's proximity to universities and public transport options ensures a steady demand from tenants, underscoring its attractiveness as a long-term addition to any investment portfolio.

Investment Analysis

(M14 area)
Area Average
£269/sq ft
Avg Rent (weekly)
£399
Avg Yield
7.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
22
Average per month
Market Turnover
35%
Properties sold annually

Local Market Trend (M14)

Area prices are falling by -3.9% over the last 12 months
3 year growth: +6.4%
5 year growth: +33.9%
Investment Disclaimer: Analysis based on M14 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Banff Road, Rusholme, Manchester, M14
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Mortgage Calculator

£
£
£
%
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years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£1,172
Based on a loan of £243,750 over 30 years at 4.06% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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