2 Bed Terraced House, Single Let, Manchester, M35 0HU, £145,000

25 Grange Street, Failsworth, Manchester, M35 9PWT - 6 months ago

Sold STC
Leasehold
BTL
ROI: 6%
83 m²
+5 photos

ValuationUndervalued

Sold Prices£80K - £245K
Sold Prices/m²£1.1K/m² - £4.2K/m²

 

 

Square Metres

83 m²
Price/m²£1.7K/m²

Value Estimate

£156,535
BMV8%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£36,250

Stamp Duty & Legal Fees

£8,450

Total Cash In

£44,700

 

 

Cash Out

 

Rent Range

£800 - £2,901

Rent Estimate

£850

Running Costs/mo

£643

Cashflow/mo

£207

Cashflow/yr

£2,483

ROI

6%

Gross Yield

7%

Local Sold Prices

50 sold prices from £80K to £245K, average is £140.1K. £1.1K/m² to £4.2K/m², average is £1.9K/m².

PriceDateDistanceAddressBeds 
£117.5K03/210.01 mi16, Mellor Street, Failsworth, Manchester, Greater Manchester M35 0HT2
£140K11/210.1 mi1, King Street, Failsworth, Manchester, Greater Manchester M35 0JA2
£166K06/230.11 mi13, Ridgefield Street, Failsworth, Manchester, Greater Manchester M35 0HJ2
£155K05/230.15 mi4, Hardman Street, Failsworth, Manchester, Greater Manchester M35 0BB2
£146K12/220.17 mi8, Hulton Street, Failsworth, Manchester, Greater Manchester M35 0AZ2
£144K05/230.18 mi36, Hulton Street, Failsworth, Manchester, Greater Manchester M35 0AZ2
£137.5K08/230.18 mi16, Hulton Street, Failsworth, Manchester, Greater Manchester M35 0AZ2
£135K02/210.24 mi160, Gaskell Street, Manchester, Greater Manchester M40 1BF2
£107.5K05/210.24 mi156, Gaskell Street, Manchester, Greater Manchester M40 1BF2
£145K10/220.26 mi24, Miriam Street, Failsworth, Manchester, Greater Manchester M35 0LA2
£115K06/210.26 mi39, Miriam Street, Failsworth, Manchester, Greater Manchester M35 0LA2
£116K05/210.26 mi37, Miriam Street, Failsworth, Manchester, Greater Manchester M35 0LA2
£115K06/210.26 mi39, Miriam Street, Failsworth, Manchester, Greater Manchester M35 0LA2
£125K09/210.26 mi37, Ashworth Street, Failsworth, Manchester, Greater Manchester M35 0JQ2
£180K02/230.26 mi39, Ashworth Street, Failsworth, Manchester, Greater Manchester M35 0JQ2
£145K02/210.26 mi53, Ashworth Street, Failsworth, Manchester, Greater Manchester M35 0JQ2
£145K12/200.27 mi21, Farm Street, Failsworth, Manchester, Greater Manchester M35 0JS2
£123K11/220.28 mi77, Crammond Close, Manchester, Greater Manchester M40 1PL2
£120K11/200.28 mi25, Queen Street, Failsworth, Manchester, Greater Manchester M35 0HA2
£130K06/230.29 mi108, Gaskell Street, Manchester, Greater Manchester M40 1NS2
£170K02/230.29 mi9, Crammond Close, Manchester, Greater Manchester M40 1PL2
£100K11/220.32 mi34, Coronation Road, Failsworth, Manchester, Greater Manchester M35 0LT2
£155K01/230.33 mi4, Devonshire Street East, Failsworth, Manchester, Greater Manchester M35 0TE2
£136.5K11/220.33 mi63, Miriam Street, Failsworth, Manchester, Greater Manchester M35 0JZ2
£220K07/230.33 mi10, Devonshire Street East, Failsworth, Manchester, Greater Manchester M35 0TE2
£200K03/230.33 mi6, Devonshire Street East, Failsworth, Manchester, Greater Manchester M35 0TE2
£245K12/220.35 mi91, Mather Street, Failsworth, Manchester, Greater Manchester M35 0DS2
£173.5K10/230.36 mi19, Gullane Close, Manchester, Greater Manchester M40 3WD2
£132K12/220.36 mi6, Clive Road, Failsworth, Manchester, Greater Manchester M35 0FZ2
£97K03/230.37 mi81, Rossington Street, Manchester, Greater Manchester M40 1PG2
£112K05/210.37 mi47, Rossington Street, Manchester, Greater Manchester M40 1PG2
£121K04/230.37 mi11, Rossington Street, Manchester, Greater Manchester M40 1PG2
£95K05/230.37 mi19, Rossington Street, Manchester, Greater Manchester M40 1PG2
£115K11/200.37 mi65, Leng Road, Manchester, Greater Manchester M40 1NX2
£224K10/210.37 mi173, The Fairway, Manchester, Greater Manchester M40 3WA2
£80K12/200.37 mi85, Leng Road, Manchester, Greater Manchester M40 1NX2
£146K06/230.37 mi50, Leng Road, Manchester, Greater Manchester M40 1WX2
£153K07/230.38 mi27, Nixon Street, Failsworth, Manchester, Greater Manchester M35 0FW2
£140.3K03/210.38 mi10, Nixon Street, Failsworth, Manchester, Greater Manchester M35 0FW2
£144K05/230.38 mi14, Nixon Street, Failsworth, Manchester, Greater Manchester M35 0FW2
£123K12/200.39 mi205, The Fairway, Manchester, Greater Manchester M40 3WA2
£125K10/220.39 mi26, Dean Street, Failsworth, Manchester, Greater Manchester M35 0DW2
£159.9K08/210.39 mi107, Miriam Street, Failsworth, Manchester, Greater Manchester M35 0JZ2
£150K09/200.39 mi38, Miriam Street, Failsworth, Manchester, Greater Manchester M35 0JZ2
£97K09/200.39 mi107, Miriam Street, Failsworth, Manchester, Greater Manchester M35 0JZ2
£160K11/200.39 mi6, Risbury Walk, Manchester, Greater Manchester M40 1HN2
£183.5K08/230.4 mi26, Carnoustie Close, Manchester, Greater Manchester M40 3NF2
£206K04/230.4 mi118, Coronation Road, Failsworth, Manchester, Greater Manchester M35 0LU2
£169K07/230.41 mi36, Rossington Street, Manchester, Greater Manchester M40 1PQ2
£125K09/210.42 mi6, Densmore Street, Failsworth, Manchester, Greater Manchester M35 0FY2

Local Rents

50 rents from £800/mo to £2.9K/mo, average is £1K/mo.

RentDateDistanceAddressBeds 
£95002/250.02 mi-2
£1,17508/240.09 miDuke, 160 Oldham Road, Failsworth2
£2,20006/240.13 mi-2
£1,48002/240.13 mi-2
£1,48003/250.13 mi-2
£92508/240.15 miHobson Street, Failsworth, Manchester2
£1,05008/240.16 miBrookdale Street, Manchester2
£90008/240.17 mi-2
£90005/240.17 miHulton Street, Failsworth, Manchester, Greater Manchester, M352
£85005/240.18 mi-2
£85005/240.18 miBrookdale Street, Failsworth, Manchester, M352
£87503/250.18 mi-2
£92508/240.18 miDovedale Street, Failsworth, Manchester2
£89509/240.18 miDovedale Street, Failsworth, Manchester2
£99512/240.18 mi-2
£97511/240.19 mi-2
£97501/250.19 mi-2
£97501/250.19 mi-2
£1,25001/250.19 mi-2
£1,10007/240.22 miGaskell Street, Failsworth, Manchester, M402
£1,10007/240.22 miGaskell Street, Failsworth, Manchester, M402
£92506/240.23 miStott Street, Manchester2
£87506/240.26 miMiriam Street, Failsworth, Manchester2
£1,20002/250.26 mi-2
£97508/240.26 mi-2
£97508/240.26 miMiriam Street, Failsworth, Manchester, M352
£1,05005/240.27 miFarm Street, Failsworth, M352
£95007/240.28 miGaskell Street, Failsworth, Manchester2
£89505/240.28 mi-2
£2,86405/240.28 mi-2
£2,86405/240.28 mi-2
£2,86406/240.28 mi-2
£2,86406/240.28 mi-2
£2,90102/240.28 mi-2
£2,90108/240.28 mi-2
£2,86408/240.28 mi-2
£2,86408/240.28 mi-2
£2,86410/240.28 mi-2
£2,86412/240.28 mi-2
£2,86405/240.28 mi-2
£2,86406/240.28 mi-2
£2,86408/240.28 mi-2
£2,86410/240.28 mi-2
£80007/240.29 miGaskell Street, Manchester2
£1,02505/240.29 mi-2
£1,00004/240.32 mi-2
£97507/240.32 mi-2
£89503/250.34 mi-2
£1,10012/240.35 mi-2
£82505/240.35 miAldred Street, Failsworth , Manchester2

Local Area Statistics

Population in M35

20,671

Population in Manchester

920,095

Town centre distance

4.79 miles away

Nearest school

0.20 miles away

Nearest train station

0.43 miles away

 

 

Rental growth (12m)

+90%

Sales demand

Balanced market

Capital growth (5yrs)

+27%

Property History

Listed for £145,000

September 4, 2024

Description

  • Chain Free +
  • Recently Modernised Throughout +
  • Deceptively Spacious +
  • Popular & Convenient Location +
  • Close To Shops, Bus Route & Metrolink +
  • Not Overlooked To Rear +
  • Ideal For FTBS or Investor/Landlord +
  • Viewing Recommended +

CHAIN FREEPOPULAR & CONVENIENT LOCATIONRECENTLY MODERNISED THROUGHOUT NOT OVERLOOKED AT REARIDEAL FOR FIRST TIME BUYERS OR INVESTOR We offer for sale this deceptively spacious & recently modernised 2 bedroom terraced property, situated in a popular & convenient location, close to shops, bus route and Metrolink station, ideal for the first time buyer or investor. The property is uPVC double glazed & combi gas centrally heated and briefly comprises: Vestibule entrance, lounge, modern fitted dining kitchen, 2 bedrooms and a 3 piece white bathroom. Externally, the property is pavement fronted and has a private yard area to the rear. Not overlooked at the rear.

Vestibule Entrance -

Lounge - 4.01m x 3.99m (13'2 x 13'1) - Radiator.

Dining Kitchen - 3.63m x 3.96m (11'11 x 13'0) - Modern fitted wall & base units incorporating oven, hob & extractor. Stainless steel sink, rinser & drainer. Plumbed for washer. Under stairs storage. Radiator.

First Floor Landing - Loft access.

Bedroom 1 - 4.01m x 4.01m (13'2 x 13'2) - Front aspect. Wood laminate floor. Radiator. Built in cupboard.

Bedroom 2 - 2.72m x 2.03m (8'11 x 6'8) - Rear aspect. Radiator.

Bathroom - 3 piece white suite with waterfall shower to P-shaped bath. Ceramic wall & floor tiled. Heated towel rail.

External - Pavement fronted and private yard area to the rear. Not overlooked at the rear.

Tenure & Council Tax - We have been advised that this property is Leasehold on a 125 year lease with a fixed ground rent of approx. £10 per annum.

Agent Details

N P Estates, Manchester

0161 524 9701

Next Steps?

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