3 Bed Terraced House, Single Let, Manchester, M18 8NZ, £175,000

1016 Stockport Road, Manchester, Lancashire, M19 3WN - 2 views - 7 months ago

Sold STC
Leasehold
BTL
ROI: 3%
~93 m²
+15 photos

ValuationUndervalued

Sold Prices£70K - £305.6K
Sold Prices/m²£889/m² - £3.7K/m²

 

 

Square Metres

~93 m²
Price/m²£1.9K/m²

Value Estimate

£180,188
BMV3%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£43,750

Stamp Duty & Legal Fees

£6,450

Total Cash In

£50,200

 

 

Cash Out

 

Rent Range

£950 - £3,300

Rent Estimate

£850

Running Costs/mo

£737

Cashflow/mo

£113

Cashflow/yr

£1,358

ROI

3%

Gross Yield

6%

Local Sold Prices

50 sold prices from £70K to £305.6K, average is £165K. £889/m² to £3.7K/m², average is £1.9K/m².

PriceDateDistanceAddressBeds 
£135K10/200.05 mi28, Harrington Street, Manchester, Greater Manchester M18 8UQ3
£178.5K10/230.06 mi118, Cross Lane, Manchester, Greater Manchester M18 8NZ3
£201K09/210.06 mi76, Chapman Street, Manchester, Greater Manchester M18 8UA3
£305.6K12/220.08 mi68, High Bank, Manchester, Greater Manchester M18 8UL3
£224.5K07/240.1 mi11, Hinstock Crescent, Manchester, Greater Manchester M18 8UU3
£126.5K02/210.11 mi27, Sheerness Street, Manchester, Greater Manchester M18 8TY3
£162K12/230.11 mi6, Sheerness Street, Manchester, Greater Manchester M18 8TY3
£165K02/210.11 mi9, Havers Road, Manchester, Greater Manchester M18 8UN3
£205K11/220.11 mi12, Hinstock Crescent, Manchester, Greater Manchester M18 8UU3
£118K02/210.13 mi9, Roxburgh Street, Manchester, Greater Manchester M18 8WX3
£161K02/230.14 mi2, Hawthorn Street, Manchester, Greater Manchester M18 8PT3
£70K05/230.14 mi3, Tanners Street, Manchester, Greater Manchester M18 8WT3
£160K11/210.15 mi36, Carberry Road, Manchester, Greater Manchester M18 8PG3
£178K04/240.15 mi50, Carberry Road, Manchester, Greater Manchester M18 8PG3
£105K10/200.15 mi58, Carberry Road, Manchester, Greater Manchester M18 8PG3
£154K02/210.16 mi138, Chapman Street, Manchester, Greater Manchester M18 8LZ3
£175K02/230.19 mi160, Chapman Street, Manchester, Greater Manchester M18 8LZ3
£150K04/210.22 mi24, Hengist Street, Manchester, Greater Manchester M18 7EL3
£170K12/200.23 mi10, Chertsey Close, Manchester, Greater Manchester M18 8QY3
£155K01/240.24 mi30, Pinnington Road, Manchester, Greater Manchester M18 8WR3
£165K11/230.24 mi2, Willow Grove, Manchester, Greater Manchester M18 7FG3
£240K08/240.25 mi8, Aysgarth Avenue, Manchester, Greater Manchester M18 8RA3
£255K06/230.25 mi2, Donnington Road, Manchester, Greater Manchester M18 8RX3
£180K10/200.25 mi11, Louvaine Close, Manchester, Greater Manchester M18 8SJ3
£151K02/240.25 mi9, Pinnington Road, Manchester, Greater Manchester M18 8NR3
£124K10/200.27 mi17, Elsdon Drive, Manchester, Greater Manchester M18 8WG3
£160K03/210.27 mi13, Elsdon Drive, Manchester, Greater Manchester M18 8WG3
£170K10/230.27 mi4, Winfield Drive, Manchester, Greater Manchester M18 8NQ3
£201K10/220.27 mi22, Peacock Grove, Manchester, Greater Manchester M18 7FL3
£135K11/200.27 mi9, Peacock Grove, Manchester, Greater Manchester M18 7FL3
£155K11/200.28 mi229, Chapman Street, Manchester, Greater Manchester M18 8WP3
£220K12/220.29 mi39, Haworth Road, Manchester, Greater Manchester M18 7EN3
£180K04/240.3 mi19, Milkwood Grove, Manchester, Greater Manchester M18 7FQ3
£150K08/210.31 mi4, Woodland Avenue, Manchester, Greater Manchester M18 7HF3
£160K09/230.31 mi16, Woodland Avenue, Manchester, Greater Manchester M18 7HF3
£226K02/230.31 mi15, Brookhurst Road, Manchester, Greater Manchester M18 7ER3
£156.5K01/210.31 mi9, Wentworth Avenue, Manchester, Greater Manchester M18 8RD3
£232K03/240.31 mi1, Redacre Road, Manchester, Greater Manchester M18 8RU3
£210K05/240.31 mi3, Redacre Road, Manchester, Greater Manchester M18 8RU3
£230K05/230.31 mi15, Redacre Road, Manchester, Greater Manchester M18 8RU3
£232K03/240.31 mi5, Redacre Road, Manchester, Greater Manchester M18 8RU3
£166K03/230.31 mi12, Wellesley Avenue, Manchester, Greater Manchester M18 8WJ3
£218K01/230.32 mi1, Reynolds Drive, Manchester, Greater Manchester M18 8NJ3
£155K11/200.33 mi2, Reynolds Drive, Manchester, Greater Manchester M18 8NJ3
£170K11/220.34 mi1, St Philips Road, Manchester, Greater Manchester M18 7ET3
£173K05/240.34 mi562, Gorton Lane, Manchester, Greater Manchester M18 8EH3
£160K11/210.35 mi4, Agnew Road, Manchester, Greater Manchester M18 7AR3
£145K02/210.35 mi22, Field Street, Manchester, Greater Manchester M18 8GT3
£85K12/220.35 mi373, Abbey Hey Lane, Abbey Hey, Manchester, Greater Manchester M18 8RB3
£116K01/210.35 mi42, Long Street, Manchester, Greater Manchester M18 8QT3

Local Rents

51 rents from £950/mo to £3.3K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,00005/240.1 mi Sheerness Street, Gorton, M183
£1,25001/250.11 mi-3
£1,19512/240.11 mi-3
£1,20002/250.13 mi-3
£1,30005/240.13 mi-3
£1,27505/240.15 miWistaria Road, Manchester, M183
£1,27512/240.15 mi-3
£1,20005/240.15 miCarberry Road, Gorton, Manchester, M183
£95005/240.16 miCarberry Road, Gorton3
£1,25005/240.2 miHollybush Street, Manchester, M183
£1,20005/240.26 miAysgarth Avenue, Abbey Hey3
£1,25005/240.26 miAysgarth Avenue, Manchester, M183
£1,20001/250.29 mi-3
£1,20005/240.31 miWoodland Avenue, Gorton, Manchester, M18 7HF3
£1,35012/240.31 mi-3
£1,19505/240.32 miReynolds Drive, Manchester, M183
£1,39505/240.32 mi-3
£1,55006/240.33 miStainton Avenue, Manchester, M183
£1,55012/240.33 mi-3
£1,55012/240.33 mi-3
£1,45002/250.33 mi-3
£1,15005/240.35 miLongford Street, M183
£1,70005/240.35 mi-3
£1,70005/240.35 mi-3
£1,50012/240.35 mi-3
£1,50003/250.36 mi-3
£1,30005/240.36 miWalmer Street, Abbey Hey, Manchester3
£1,40005/240.36 mi-3
£1,40003/250.36 mi-3
£99505/240.37 miLongford Street, Manchester, Greater Manchester, M183
£1,50012/240.39 mi-3
£1,50002/250.39 mi-3
£1,15006/240.39 miWelbeck Street, Manchester, M183
£1,40012/240.4 mi-3
£1,60001/250.42 mi-3
£1,15012/240.42 mi-3
£1,10012/240.45 mi-3
£1,20004/240.48 mi-3
£1,30012/240.5 mi-3
£1,29505/240.51 mi-3
£1,19505/240.56 miYeadon Road, Gorton, Manchester3
£1,15012/240.56 mi-3
£1,35012/240.57 mi-3
£1,30012/240.57 mi-3
£1,40002/250.57 mi-3
£3,30012/240.58 mi-3
£3,30002/250.58 mi-3
£3,30002/250.58 mi-3
£2,60002/250.58 mi-3
£1,19505/240.59 miMayfield Grove, Manchester, M183
£1,19506/240.6 miJetson Street, Abbey Hey, M18 8SZ3

Local Area Statistics

Population in M18

23,432

Population in Manchester

920,095

Town centre distance

3.47 miles away

Nearest school

0.20 miles away

Nearest train station

0.44 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+69%

Sales demand

Seller's market

Capital growth (5yrs)

+74%

Property History

Listed for £175,000

September 4, 2024

Sold for £93,000

2017

Floor Plans

Description

  • Currently tenanted +
  • In a popular area of Gorton +
  • Amazing opportunity for investors +
  • Three bedrooms terraced house +
  • Large spacious reception rooms +
  • Family Bathroom +
  • Double glazed windows and central Heating +
  • Close to Manchester city centre +
  • Close to motorway M60 , amenities and transport links +
  • Spacious Family house +

*Tenanted Property For Investors*

Welcome to this charming large terraced house located on Cross Lane in the vibrant city of Manchester. This property boasts large reception room, perfect for entertaining guests or simply relaxing with your loved ones. With three cosy bedrooms, there is ample space for a growing family or for those who enjoy having a home office or guest room.

The property features a classic British touch with a very large kitchen, adding character and history to the home. The bathroom provides convenience and comfort for daily use.

Spanning across approximately 910 square feet, this house offers a comfortable living space for its residents. Currently, the property is tenanted, generating a rental income of £850.00 per calendar month, making it an attractive opportunity for investors looking to expand their portfolio.

Located in a bustling area of Manchester, very close to M60 Junction this property is surrounded by a variety of amenities, including Tesco Extra, KFC, shops, restaurants, and schools, making it an ideal location for families or professionals.

Don't miss out on the chance to own this fantastic investment property in Manchester. Contact us today to arrange a viewing and take the first step towards making this house your new home or a valuable addition to your investment portfolio.

Large Reception Room - 14.63*15.74 (47'11"*51'7") -

Kitchen - 4.16*5.85 (13'7"*19'2") -

Bedroom 1 - 4.04*3.94 (13'3"*12'11") -

Bedroom 2 - 4.2*2.72 (13'9"*8'11") -

Bedroom 3 - 2.47*2.47 (8'1"*8'1") -

Bathroom - 1.67*1.63 (5'5"*5'4") -

Agent Details

Bricks Properties, Levenshulme

0161 888 0832

Next Steps?

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