Cedric Street, Manchester, Greater Manchester, M5

Cedric Street, Salford, M5 5JY
Asking Price: £280,000
Fully Licensed 5-Bed HMO - Vacant & Ready for Tenants
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A Fully Licensed 5-Bed HMO in the Heart of Salford - Income-Ready Investment Opportunity
Introducing 26 Cedric Street, a well-configured and fully compliant 5-bedroom HMO located in one of Salford's highest-demand rental areas. This property offers a rare opportunity for investors seeking a strong, stable, and high-yield investment close to major employment hubs, universities, and transport links.
The property is currently vacant, providing immediate flexibility-ideal for new tenant placements, rent uplift strategies, or a premium-standard refurbishment to maximise long-term returns.
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Property Features
HMO Configuration
* 5 fully licenced bedrooms
* 1 bathroom + separate WC
* Communal living room
* Communal kitchen
* 2 bedrooms on the ground floor
* 3 bedrooms on the first floor
* Full Salford HMO Licence in place
o Licence Ref: 144434
o Valid: 13/11/2024 - 13/11/2029
o Address: 26 Cedric Street, M5 5JY
Lawful Development Certificate Approved
Full legal confirmation of HMO use:
Link:
This provides long-term security and peace of mind for any investor purchasing the property as an operational HMO.
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Investor Income & Returns
Expected Rent
* £500 per room, per month
* 5 rooms = £2,500 pcm
Gross Annual Income
* £2,500 × 12 = £30,000 per year
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Net Annual Income
Assuming a 20% deduction for utilities, council tax, TV licence, broadband, insurance, and general costs:
* 20% of £30,000 = £6,000
* Net annual income = £24,000
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Gross & Net Yields
* Gross Yield: 10.7%
* Net Yield: 8.57%
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Why Salford M5 Is One of the Best UK HMO Investment Locations
Salford is a powerhouse rental market, driven by:
Explosive Local Demand
* Thousands of students attending The University of Salford
* A large workforce employed at MediaCityUK, Salford Royal Hospital, Spinningfields, and Manchester City Centre
* Consistently high occupancy rates for HMOs
Exceptional Connectivity
* Minutes to Manchester City Centre
* Strong bus and tram links
* Close to the M602 and M60 motorway network
Regeneration Hotspot
* Over £1bn invested in Salford in the past decade
* Major developments in Weaste, Seedley, Salford Quays, and Ordsall
* Rising rental values year on year
HMO-Friendly Council with High Tenant Demand
Salford remains one of the North West's strongest and most resilient HMO markets, with:
* Long waiting lists for affordable room-based accommodation
* High rental premiums for well-presented rooms
* Constant demand from students, young professionals, and key workers
For investors seeking a hands-on or hands-off, income-producing HMO, Cedric Street sits right in the centre of this demand.
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Summary
26 Cedric Street offers:
* A fully licensed and legally certified 5-bed HMO
* A ready-made investment opportunity
* Potential annual net income of £24,000
* Strong HMO demand in a proven, high-growth area
* Vacant possession allowing immediate tenanting or value-add refurb options
This property represents an excellent opportunity for investors seeking reliable cash flow, long-term rental stability, and high returns in one of Greater Manchester's most sought-after HMO markets.