2 Bed Flat, Single Let, Leigh, WN7 1UG £110,000

Brentwood Grove, Leigh, WN7 1UG - a year ago
Sold STC
BTL
ROI: 11%
~89 m²
Property image

ValuationUndervalued

Sold Prices£67K - £165K
Sold Prices/m²£1.1K/m² - £2.7K/m²

 

 

Square Metres

~89 m²
Price/m²£1.2K/m²

Value Estimate

£137,500
BMV25%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£27,500

Stamp Duty & Legal Fees

£6,700

Total Cash In

£34,200

 

 

Cash Out

 

Rent Range

£540 - £900

Rent Estimate

£850

Running Costs/mo

£534

Cashflow/mo

£316

Cashflow/yr

£3,795

ROI

11%

Gross Yield

9%

Local Sold Prices

50 sold prices from £67K to £165K, average is £100K. £1.1K/m² to £2.7K/m², average is £1.9K/m².

Price
Date
Distance
Address
Beds
 
£94K09/240 mi11, Brentwood Grove, Leigh, Greater Manchester WN7 1UG2
£107K12/230 mi4, Brentwood Grove, Leigh, Greater Manchester WN7 1UG2
£75K09/210 mi36, Brentwood Grove, Leigh, Greater Manchester WN7 1UG2
£103K12/230 mi82, Brentwood Grove, Leigh, Greater Manchester WN7 1UG2
£100K01/230 mi2, Brentwood Grove, Leigh, Greater Manchester WN7 1UG2
£100K08/230 mi28, Brentwood Grove, Leigh, Greater Manchester WN7 1UG2
£95K10/220.01 mi50, Brentwood Grove, Leigh, Greater Manchester WN7 1UG2
£94K09/240.04 mi11, Brentwood Grove, Leigh WN7 1UG2
£72.5K12/240.05 mi83, Brentwood Grove, Leigh WN7 1UG2
£72.5K12/240.05 mi83, Brentwood Grove, Leigh WN7 1UG2
£79K03/230.16 mi37, Orchard Close, Leigh, Greater Manchester WN7 1NY2
£67K09/210.34 mi14, Oxford Street, Leigh, Greater Manchester WN7 1NE2
£92K03/230.34 mi26, Oxford Street, Leigh, Greater Manchester WN7 1NE2
£85K12/230.34 mi24, Oxford Street, Leigh, Greater Manchester WN7 1NE2
£90K08/230.34 mi28, Oxford Street, Leigh, Greater Manchester WN7 1NE2
£94K02/230.34 mi2, Oxford Street, Leigh, Greater Manchester WN7 1NE2
£75K11/220.36 mi16, Oxford Street, Leigh, Greater Manchester WN7 1NE2
£135K10/240.42 mi12, Kings Park, Leigh, Greater Manchester WN7 1UE2
£118K09/210.42 mi24, Kings Park, Leigh, Greater Manchester WN7 1UE2
£133K03/230.42 mi14, Kings Park, Leigh, Greater Manchester WN7 1UE2
£115K08/230.43 mi10, Inglenook Court, Leigh, Greater Manchester WN7 2BQ2
£128K06/250.43 mi10, Inglenook Court, Leigh WN7 2BQ2
£125K03/250.44 mi70a, The Avenue, Leigh WN7 1ET2
£116K06/210.62 mi48, Redfield Croft, Leigh, Greater Manchester WN7 1EN2
£124.5K12/220.62 mi45, Redfield Croft, Leigh, Greater Manchester WN7 1EN2
£112K11/240.64 mi167a, Wigan Road, Leigh WN7 5DF2
£112K11/240.64 mi167a, Wigan Road, Leigh WN7 5DF2
£165K05/230.65 mi167a, Wigan Road, Leigh, Greater Manchester WN7 5DF2
£82.5K07/220.67 mi12, Phaeton Close, Atherton, Manchester, Greater Manchester M46 0SF2
£85K11/230.7 mi38, Phaeton Close, Atherton, Manchester, Greater Manchester M46 0SF2
£100K06/210.7 mi60, Phaeton Close, Atherton, Manchester, Greater Manchester M46 0SF2
£95K11/210.7 mi18, Phaeton Close, Atherton, Manchester, Greater Manchester M46 0SF2
£107K03/230.7 mi54, Phaeton Close, Atherton, Manchester, Greater Manchester M46 0SF2
£120K09/230.7 mi42, Phaeton Close, Atherton, Manchester, Greater Manchester M46 0SF2
£100K05/220.7 mi16, Phaeton Close, Atherton, Manchester, Greater Manchester M46 0SF2
£115K10/220.7 mi28, Phaeton Close, Atherton, Manchester, Greater Manchester M46 0SF2
£74K12/240.71 mi23, Apartment 5, Wilkinson Street, Leigh WN7 4EY2
£90K03/230.71 mi18, Johnson Street, Atherton, Manchester, Greater Manchester M46 0RB2
£117K09/230.71 mi20, Johnson Street, Atherton, Manchester, Greater Manchester M46 0RB2
£115K03/250.86 miApartment 2, 19, Ledgard Avenue, Leigh Sports Village, Leigh WN7 4BG2
£115K03/250.86 miApartment 2, 19, Ledgard Avenue, Leigh Sports Village, Leigh WN7 4BG2
£115K03/250.86 mi19, Apartment 2, Ledgard Avenue, Leigh Sports Village, Leigh WN7 4BG2
£89K07/240.86 mi44, Water View Park, Leigh, Greater Manchester WN7 4JS2
£93K12/240.86 mi21, Apartment 7, Ledgard Avenue, Leigh Sports Village, Leigh WN7 4BG2
£93K12/240.86 miApartment 7, 21, Ledgard Avenue, Leigh Sports Village, Leigh WN7 4BG2
£93K12/240.86 miApartment 7, 21, Ledgard Avenue, Leigh Sports Village, Leigh WN7 4BG2
£96.5K12/220.86 mi12, Water View Park, Leigh, Greater Manchester WN7 4JS2
£100K10/240.86 mi17, Apartment 1, Ledgard Avenue, Leigh Sports Village, Leigh WN7 4BG2
£115K12/240.88 miManley Park, 47, Guest Street, Leigh WN7 2RW2
£115K12/240.88 mi47, Manley Park, Guest Street, Leigh WN7 2RW2

Local Rents

50 rents from £540/mo to £900/mo, average is £800/mo.

Rent
Date
Distance
Address
Beds
 
£85008/250 mi-2
£80007/250 miBrentwood Grove, Leigh, WN72
£82507/250 miBrentwood Grove, Leigh, WN72
£65008/250 miBrentwood Grove, Leigh, WN7 1UG2
£85007/250.02 miSelbourne Street, Leigh, Greater Manchester. **AVAILABLE NOW**2
£82511/240.03 mi-2
£80008/250.04 miBrentwood Grove, Leigh, WN7 1UG2
£75008/250.08 miApartment Chatham House 2
£69507/250.11 miOrchard Lane, Leigh, Greater Manchester, WN72
£82504/250.12 mi-2
£90011/250.14 mi-2
£80007/250.14 mi-2
£80009/250.14 mi-2
£85006/250.14 mi-2
£60005/250.16 mi-2
£85010/250.18 miKirkhall Lane, Leigh, Greater Manchester, WN7 5Q2
£80011/250.18 miOxford Street, Leigh2
£77511/250.18 miOxford Street, Leigh2
£82509/250.18 miGordon Street, Leigh2
£89510/250.19 miHoughton Street, Leigh, Greater Manchester, WN72
£87507/250.19 miOrchard Lane, Leigh, WN72
£75011/240.19 mi-2
£80006/250.2 miSelwyn Street, Leigh, WN72
£72503/240.2 mi93 Oxford Street, Leigh, WN72
£72511/240.2 miOxford Street, Leigh, Greater Manchester, WN72
£79511/250.2 miOxford Street, Leigh2
£67508/250.2 miRobertshaw Street, Leigh, WN7 5SB2
£72508/250.2 miRobertshaw Street, Leigh, WN7 5SB2
£67508/250.2 miRobertshaw Street, Leigh, WN7 5SB2
£89009/250.2 miGlebe Street, Leigh, WN7 1RJ2
£80008/250.2 miGlebe Street, Leigh, Greater Manchester, WN7 1RH2
£54008/250.21 miHope Street, Leigh, WN72
£82511/250.21 miHope Street, Leigh2
£75012/240.21 mi-2
£75012/240.21 mi-2
£75004/250.21 mi-2
£77508/250.22 miHope Street, Leigh2
£75011/240.22 mi-2
£80008/250.22 mi-2
£80008/250.22 miLeigh, Leigh, WN72
£87507/250.22 miWestbourne Avenue, Leigh, Greater Manchester, WN72
£80009/250.22 miGordon Street, Leigh2
£80007/250.22 miMaple Crescent, Leigh, WN7 5TA2
£80011/240.23 mi-2
£89503/250.23 mi-2
£79508/250.23 miLeigh, Leigh, WN72
£69507/250.23 miRobertshaw Street, Leigh, Greater Manchester, WN72
£69508/250.23 miRobertshaw Street,Leigh,WN72
£89511/240.23 mi-2
£85011/250.23 miHope Street, Leigh, WN72

Local Area Statistics

Population in WN7

47,819

Town centre distance

189.54 miles away

Nearest school

0.10 miles away

Nearest train station

2.16 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-2%

Sales demand

Balanced market

Capital growth (5yrs)

+47%

Property History

Listed for £110,000

August 16, 2024

Floor Plans

Property image

Description

  • Ground Floor Apartment +
  • Own Access Door +
  • Allocated Parking Space +
  • Two Double Bedrooms +
  • Two Bathrooms +
  • Ensuite Shower Room +
  • Suitable For Owner Occupiers +
  • Quiet Residential Area +

yieldit are delighted to present to the market this wonderful ground floor apartment which benefits from its own entrance, in the attractive new build development of Brentwood Grove. Having recently benefited from redecoration throughout the property would be suited to both owner occupiers looking to move straight in and a fantastic opportunity for investors, with a return close to 8% NET at market rate rent of £850pcm.

Internally consisting of, open plan living area featuring fully-fitted kitchen, breakfast bar and lounge; two double bedrooms; master with ensuite and family bathroom. An allocated parking space is also included.

Brentwood Grove is perfectly situated in the quiet and safe residential neighbourhood of Leigh. It has easy access to the town centre providing all the necessary everyday amenities, shopping and leisure facilities as well as offering good local schools, outdoor spaces and transport links such as the guided busway provides high quality travel to Manchester, Salford, Atherton, Tyldesley and Ellenbrook. The location of Leigh is ideal for travel to Liverpool, Manchester and Media City making it a great choice of location for commuters.

Leigh is quickly earning a reputation for being a desirable place to live and is fast becoming a property investor hotspot thanks to the reasonable property prices and lifestyle on offer for residents. Regeneration projects such as The Loom, a £50million retail and leisure complex and the £83million Leigh Sports Village which is home to a 25-metre swimming pool, gymnasium and a sports hall have all contributed to its desirability. NB. In accordance with Section 21 of the Estate Agent Act 1979, we declare that there is a personal interest in the sale of this property. The property is being sold by an employee of Yieldit Ltd.

Financial Breakdown

Gross Rent: £10,200.00
Net income: £8,784.48
Gross yield: 8.87%
Net yield: 7.64%
Please contact agent for full financial breakdown.

IMPORTANT NOTE TO PURCHASERS: These particulars, whilst believed to be accurate are set out as a general outline only for guidance, and do not constitute any part of an offer or contract. Neither yieldit nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser or lessee must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.

yieldit ref: YL-07906

Agent Details

yieldit, Manchester

0161 524 5818

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