Cedric Street

26 Cedric Street, Salford, M5 5JY

Asking Price: £280,000
Fully Licensed 5-Bed HMO – Vacant & Ready for Tenants

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.

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
  • Licence Ref: 144434
  • Valid: 13/11/2024 – 13/11/2029
  • Address: 26 Cedric Street, M5 5JY

Lawful Development Certificate Approved

Full legal confirmation of HMO use:
Link: CLICK HERE 

This provides long-term security and peace of mind for any investor purchasing the property as an operational HMO.

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

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

Gross & Net Yields

• Gross Yield: 10.7%

• Net Yield: 8.57%

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.

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.

Get in touch with the team