2 Bed Flat, Single Let, Manchester, M18 7GA, £115,000

149 Rawsthorne Avenue, Manchester - 4 views - 7 months ago

Sold STC
Leasehold
BTL
ROI: 7%
56 m²
+10 photos

ValuationOvervalued

Sold Prices£71.3K - £200K
Sold Prices/m²£1.6K/m² - £2.9K/m²

 

 

Square Metres

56.07 m²
Price/m²£2.1K/m²

Value Estimate

£107,431

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£28,750

Stamp Duty & Legal Fees

£4,650

Total Cash In

£33,400

 

 

Cash Out

 

Rent Range

£695 - £2,201

Rent Estimate

£727

Running Costs/mo

£525

Cashflow/mo

£202

Cashflow/yr

£2,427

ROI

7%

Gross Yield

8%

Local Sold Prices

24 sold prices from £71.3K to £200K, average is £123K. £1.6K/m² to £2.9K/m², average is £2.1K/m².

PriceDateDistanceAddressBeds 
£133K07/230.01 mi137, Rawsthorne Avenue, Manchester, Greater Manchester M18 7GA2
£102K10/210.01 mi79, Rawsthorne Avenue, Manchester, Greater Manchester M18 7GA2
£120K11/210.43 mi33, Cravenwood Road, Reddish, Stockport, Greater Manchester SK5 6PQ2
£105K03/210.43 mi51, Cravenwood Road, Reddish, Stockport, Greater Manchester SK5 6PQ2
£148K09/220.43 mi57, Cravenwood Road, Reddish, Stockport, Greater Manchester SK5 6PQ2
£125K06/220.43 mi41, Cravenwood Road, Reddish, Stockport, Greater Manchester SK5 6PQ2
£145K06/220.61 mi2, Higher Meadows, Levenshulme, Manchester, Greater Manchester M19 3BQ2
£71.3K09/210.65 miFlat 6, Brookfield Court, Kirkman Close, Manchester, Greater Manchester M18 7EA2
£103K11/200.78 mi32, Totland Close, Manchester, Greater Manchester M12 5RY2
£108.5K01/210.79 miFlat 112, Victoria Mill, Houldsworth Street, Reddish, Stockport, Greater Manchester SK5 6AX2
£200K01/230.79 miFlat 172, Victoria Mill, Houldsworth Street, Reddish, Stockport, Greater Manchester SK5 6AX2
£120K05/240.8 mi9, Mount Road, Manchester, Greater Manchester M18 7BG2
£132K11/220.84 mi7, Cromwell Avenue, Denton, Stockport, Greater Manchester SK5 6GA2
£135K04/220.85 mi67, Cromwell Avenue, Denton, Stockport, Greater Manchester SK5 6GA2
£155K09/220.86 mi66, Cromwell Avenue, Denton, Stockport, Greater Manchester SK5 6GB2
£135K05/220.86 mi90, Cromwell Avenue, Denton, Stockport, Greater Manchester SK5 6GB2
£130K12/220.87 mi898d, Hyde Road, Manchester, Greater Manchester M18 7LL2
£110K03/210.87 mi920a, Hyde Road, Manchester, Greater Manchester M18 7LL2
£123K07/220.87 mi896, Hyde Road, Manchester, Greater Manchester M18 7LL2
£120K10/220.87 mi892c, Hyde Road, Manchester, Greater Manchester M18 7LL2
£115K12/210.87 mi898a, Hyde Road, Manchester, Greater Manchester M18 7LL2
£90K01/210.92 mi60a, Gorton Road, Stockport, Greater Manchester SK5 6AH2
£135K04/220.97 miFlat 36, Warwick House, Central Avenue, Manchester, Greater Manchester M19 2FF2
£123K03/230.98 miFlat 28, Warwick House, Central Avenue, Manchester, Greater Manchester M19 2FF2

Local Rents

48 rents from £695/mo to £2.2K/mo, average is £995/mo.

RentDateDistanceAddressBeds 
£90006/240 mi-2
£80012/240 mi-2
£92505/240.24 miLangland Close, Levenshulme, Manchester, M192
£1,30005/240.3 mi-2
£1,30005/240.3 miReddish, Manchester, M192
£1,20005/240.31 miPeter Moss Way, Manchester, Greater Manchester, M192
£1,00008/240.35 miCarna Road, Reddish2
£1,25008/240.35 mi-2
£1,05008/240.37 mi-2
£1,05002/250.37 mi-2
£85009/240.37 miSandbach Road, Reddish, Stockport, Cheshire, SK52
£99002/250.37 mi-2
£1,15012/240.43 mi-2
£78012/230.44 mi-2
£1,00012/240.45 mi-2
£1,37502/250.47 mi-2
£1,10005/240.49 mi-2
£1,20005/240.49 miManor Road, Manchester2
£99505/240.51 miGuildford Road, Levenshulme2
£1,15005/240.51 mi-2
£92508/240.51 mi-2
£92508/240.51 mi-2
£95003/250.53 mi-2
£2,20103/250.53 mi-2
£89510/240.54 mi-2
£69511/230.54 mi-2
£1,00002/250.55 mi-2
£95001/250.55 mi-2
£1,05005/240.55 miBeard Road, Manchester, M182
£1,20008/240.56 mi-2
£95005/240.56 miBuckley Road, Gorton2
£95005/240.56 miBuckley Road, Gorton2
£1,15012/240.57 mi-2
£99508/240.57 mi-2
£99509/240.57 mi-2
£99509/240.57 mi-2
£99509/240.57 mi-2
£99509/240.57 mi-2
£95008/240.57 miBelfield Road, Stockport, Cheshire, SK52
£1,10002/250.58 mi-2
£90005/240.58 miCranbrook Road, Manchester, M182
£90009/240.58 miGorton Road, Stockport, SK52
£95008/240.59 miFurnival Street, Stockport, Cheshire, SK52
£1,05011/240.59 mi-2
£1,15005/240.61 miFernleigh Avenue, Manchester, M192
£1,05005/240.61 miGrasmere Street, Manchester, M122
£99505/240.62 miGrasmere Street, Longsight, Manchester, M122
£1,09506/240.62 miGrasmere Street, Manchester, M122

Local Area Statistics

Population in M18

23,432

Population in Manchester

920,095

Town centre distance

3.25 miles away

Nearest school

0.10 miles away

Nearest train station

0.45 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+69%

Sales demand

Seller's market

Capital growth (5yrs)

+74%

Property History

Listed for £115,000

August 9, 2024

Floor Plans

Description

  • Two Double Bedrooms +
  • Parking +
  • Security Intercom +
  • Council Band A +
  • Leasehold +
  • Gas Central Heated +

Welcome to this charming 2-bedroom apartment nestled in the heart of Gorton, a thriving community perfect for both first-time buyers and seasoned investors. This delightful residence boasts an inviting atmosphere, with well-maintained interiors that reflect the property's excellent condition. From the moment you step inside, you will appreciate the attention to detail and the care taken to ensure this apartment is a cozy and comfortable home. One of the standout features of this apartment is its gas central heating, a rare find in a neighborhood where most properties are electric-only. This feature not only ensures a warm and efficient heating system during the colder months but also adds a desirable touch of convenience and economy, making it an attractive choice for prospective buyers. The apartment comes with dedicated parking, a valuable asset in a bustling area like Gorton, where finding a secure spot for your vehicle can be challenging. This added convenience enhances the overall appeal of the property, providing peace of mind for homeowners and an additional benefit for potential tenants if you're considering an investment opportunity. Located in close proximity to a reputable school, this apartment is ideally situated for families with young children. The convenience of having an educational institution nearby cannot be overstated, offering easy access for daily commutes and peace of mind for parents seeking quality education within walking distance. Contact Jacob Knight on to arrange your viewing!

Bedroom 1 - 3.7 x 2.5 (12'1" x 8'2") -

Bedroom 2 - 3.7 x 2.6 (12'1" x 8'6") -

Kitchen - 2.0 x 4.3 (6'6" x 14'1") -

Living Room - 3.8 x 3.3 (12'5" x 10'9") -

Boiler Room - 0.9 x 0.8 (2'11" x 2'7") -

Bathroom - 2.0 x 1.6 (6'6" x 5'2") -

Entrance - 0.9 x 1.3 (2'11" x 4'3") -

Agent Details

Jacob Knight, Manchester

0161 524 8470

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪