3 Bed Terraced House, Single Let, Manchester, M11 3NH, £280,000

7 Wren Way, Manchester, Greater Manchester, M11 3NH - 7 months ago

Sold STC
Leasehold
BTL
ROI: 3%
~93 m²
+9 photos

ValuationOvervalued

Sold Prices£107K - £490K
Sold Prices/m²£1.1K/m² - £4.3K/m²

 

 

Square Metres

~93 m²
Price/m²£3K/m²

Value Estimate

£251,647

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£70,000

Stamp Duty & Legal Fees

£11,100

Total Cash In

£81,100

 

 

Cash Out

 

Rent Range

£1,300 - £5,000

Rent Estimate

£1,344

Running Costs/mo

£1,164

Cashflow/mo

£180

Cashflow/yr

£2,162

ROI

3%

Gross Yield

6%

Local Sold Prices

50 sold prices from £107K to £490K, average is £235K. £1.1K/m² to £4.3K/m², average is £2.7K/m².

PriceDateDistanceAddressBeds 
£205K08/210 mi11, Wren Way, Manchester, Greater Manchester M11 3NH3
£265K04/210.04 mi2, Lloyd Wright Avenue, Manchester, Greater Manchester M11 3NJ3
£248K11/210.05 mi23, Lloyd Wright Avenue, Manchester, Greater Manchester M11 3NJ3
£240K06/210.06 mi10, Lloyd Wright Avenue, Manchester, Greater Manchester M11 3NJ3
£280K01/230.06 mi16, Lloyd Wright Avenue, Manchester, Greater Manchester M11 3NJ3
£230K01/210.09 mi34, Paxton Place, Manchester, Greater Manchester M11 3NL3
£268K09/210.09 mi1, Stadium Drive, Manchester, Greater Manchester M11 3NB3
£238K11/230.11 mi4, Carbis Avenue, Manchester, Greater Manchester M11 3DP3
£235K12/200.11 mi50, Rylance Street, Manchester, Greater Manchester M11 3NP3
£225K06/210.14 mi41, Commonwealth Avenue, Manchester, Greater Manchester M11 3NN3
£238K06/210.16 mi10, Holly Street, Manchester, Greater Manchester M11 3BN3
£210K07/230.19 mi298, Viaduct Street, Manchester, Greater Manchester M12 6NE3
£276.5K02/230.2 mi6, Athletes Way, Manchester, Greater Manchester M11 3NE3
£197.5K12/200.2 mi3, Hartwell Close, Manchester, Greater Manchester M11 3TW3
£170K07/210.2 mi48, Hartwell Close, Manchester, Greater Manchester M11 3TW3
£210K12/200.2 mi8, Hartwell Close, Manchester, Greater Manchester M11 3TW3
£226K10/230.22 mi17, Rimmer Close, Manchester, Greater Manchester M11 3AD3
£235K05/240.23 mi6, Markham Close, Manchester, Greater Manchester M12 6WR3
£175K10/200.26 mi14, Alderman Square, Manchester, Greater Manchester M12 6WL3
£248K11/230.27 mi12, Brennock Close, Manchester, Greater Manchester M11 3LD3
£201K04/230.3 mi6, Barleywood Drive, Manchester, Greater Manchester M11 3LP3
£134.8K12/200.41 mi2, Blakemore Walk, Manchester, Greater Manchester M12 6PH3
£235K12/200.48 mi19, Pattishall Close, Manchester, Greater Manchester M4 7DU3
£281K09/230.48 mi19, Pattishall Close, Manchester, Greater Manchester M4 7DU3
£265K03/230.51 mi16, Blisworth Close, Manchester, Greater Manchester M4 7DT3
£220K12/200.52 mi9, Gurney Street, Manchester, Greater Manchester M4 7DZ3
£223K02/230.55 mi7, Maidford Close, Manchester, Greater Manchester M4 7EG3
£170K05/210.59 mi6, Badby Close, Manchester, Greater Manchester M4 7EY3
£250K07/220.61 mi17, Beastow Road, Manchester, Greater Manchester M12 5GS3
£190K05/210.7 mi26, Abbotsbury Close, Manchester, Greater Manchester M12 5EQ3
£235K05/240.7 mi26, Abbotsbury Close, Manchester, Greater Manchester M12 5EQ3
£195K03/210.73 mi156, Langport Avenue, Manchester, Greater Manchester M12 4NR3
£300K02/240.74 mi102, Old Mill Street, Manchester, Greater Manchester M4 6EE3
£297.5K05/230.74 mi120, Old Mill Street, Manchester, Greater Manchester M4 6EE3
£270K12/210.74 mi112, Old Mill Street, Manchester, Greater Manchester M4 6EE3
£490K09/220.76 mi12, Spindle Mews, Manchester, Greater Manchester M4 6DB3
£204K12/200.76 mi33, Tarleton Street, Manchester, Greater Manchester M13 9BS3
£223K08/210.77 mi5, Tarleton Street, Manchester, Greater Manchester M13 9BS3
£200K08/230.77 mi22, Belle Vue Street, Manchester, Greater Manchester M12 5JG3
£226K07/220.78 mi117, Devonshire Street South, Manchester, Greater Manchester M13 9HY3
£195K02/210.79 mi39, Bradford Road, Manchester, Greater Manchester M40 7EY3
£107K10/200.8 mi135, Clayton Lane, Manchester, Greater Manchester M11 2AS3
£225K08/210.81 mi59, Ridgway Street, Manchester, Greater Manchester M40 7FY3
£210K04/240.81 mi35, Cochrane Avenue, Manchester, Greater Manchester M12 4WD3
£238K02/240.81 mi16, Shakespeare Walk, Manchester, Greater Manchester M13 9JE3
£236.5K10/210.82 mi36, Chippenham Road, Manchester, Greater Manchester M4 7JR3
£236.5K10/210.82 mi36, Chippenham Road, Manchester, Greater Manchester M4 7JR3
£315K07/230.83 mi5, Saltford Avenue, Manchester, Greater Manchester M4 6EL3
£242K03/210.83 mi13, Weybridge Road, Manchester, Greater Manchester M4 6FD3
£270K03/230.85 mi25, Bollington Road, Manchester, Greater Manchester M40 7DX3

Local Rents

50 rents from £1.3K/mo to £5K/mo, average is £1.8K/mo.

RentDateDistanceAddressBeds 
£1,70012/240.01 mi-3
£1,85006/240.04 mi-3
£1,45006/240.08 mi-3
£1,45005/240.08 miPaxton Place, Manchester, M113
£1,45006/240.08 miPaxton Place, Manchester, M113
£1,60005/240.1 miStadium Drive, Manchester, M113
£1,45005/240.1 miCarbis Avenue, Beswick, Manchester, M113
£1,50002/240.1 mi-3
£1,64501/250.1 mi-3
£1,59503/250.1 mi-3
£5,00012/240.11 mi-3
£4,60001/250.11 mi-3
£3,50005/240.11 mi-3
£3,50005/240.11 mi-3
£3,10005/240.11 mi-3
£1,45005/240.11 miRylance Street, Manchester, Greater Manchester, M113
£1,30005/240.12 miWynne Close, Beswick, Manchester, M113
£1,35005/240.13 mi-3
£1,35006/240.13 mi-3
£1,35003/250.13 mi-3
£1,45005/240.13 miLloyd Wright Avenue, Manchester, M113
£1,35005/240.13 miLloyd Wright Avenue, Manchester, M113
£1,35005/240.13 miLloyd Wright Avenue, Manchester, M113
£3,50012/240.14 mi-3
£3,50001/250.14 mi-3
£1,50005/240.14 miOlympic Street, Manchester, Greater Manchester, M113
£3,60005/240.14 mi-3
£3,50005/240.14 mi-3
£3,60005/240.14 mi-3
£3,60005/240.14 mi-3
£3,60012/240.14 mi-3
£3,60003/250.14 mi-3
£2,00003/250.15 mi-3
£1,50005/240.15 mi-3
£1,50005/240.15 miHolly Street, Manchester, M113
£1,40003/240.15 miCommonwealth Avenue, Manchester, Greater Manchester, M113
£2,95003/250.16 mi-3
£4,00005/240.16 mi-3
£3,60012/240.16 mi-3
£3,20001/250.16 mi-3
£2,40003/250.16 mi-3
£1,60003/250.17 miCommonwealth Avenue, Manchester, M113
£2,50002/250.17 mi-3
£1,45005/240.19 miCommonwealth Avenue, Manchester, Greater Manchester, M113
£3,00005/240.19 mi-3
£1,40005/240.2 mi-3
£1,35005/240.21 miHolly Street, Beswick, Manchester, M113
£3,50005/240.21 mi-3
£3,50012/240.21 mi-3
£1,80002/240.25 mi-3

Local Area Statistics

Population in M11

20,273

Population in Manchester

920,095

Town centre distance

2.26 miles away

Nearest school

0.20 miles away

Nearest train station

0.38 miles away

 

 

Rental growth (12m)

+112%

Sales demand

Seller's market

Capital growth (5yrs)

+27%

Property History

Listed for £280,000

September 7, 2024

Sold for £131,575

2005

Floor Plans

Description

  • Buyer Fees Apply +
  • Being Sold By GOTO Reservation Fee Process +
  • Open Plan Living +
  • Book Viewings Online 24/7 +
  • Excellent Condition +
  • Driveway +
  • Short Proximity To Manchester City Centre +
  • En-Suite + Ground Floor WC +
  • Sought After Location +
  • Excellent Transport Links +

The Property
Located on a sought-after new build development, just moments from Manchester City Centre, this stylish three-bedroom terraced home offers contemporary living with a superb open-plan design and fantastic proximity to all the city has to offer.

The ground floor features a spacious, light-filled layout that includes a modern living area, dining space, and a sleek, fully-fitted kitchen, perfect for both relaxing and entertaining. The open plan flows effortlessly, creating a sociable and functional environment. Additionally, there is a convenient downstairs W.C. for guests.

Upstairs, the first floor boasts three well-proportioned bedrooms, including a master bedroom with its own en-suite, providing a private and luxurious retreat. A modern family bathroom completes the upper level, fitted with high-quality fixtures and finishes throughout.

Externally, the property enjoys a private rear garden, ideal for outdoor dining, gardening, or simply relaxing in a tranquil space. To the front, there is a driveway offering off-road parking for added convenience.

Situated in a prime location, this home benefits from a range of local amenities, including shops, schools, and cafes, all just a short distance away. With Manchester City Centre only a stone's throw away, you’ll enjoy easy access to everything the vibrant city has to offer, from shopping and dining to culture and entertainment.

Lease Information: 250 years (less 10 days) from 1 January 2004

This modern property is ideal for professionals, couples, or families seeking a stylish and convenient home close to the heart of Manchester. Don’t miss out—arrange a viewing today!

Book viewings 24 hours a day 7 days a week by clicking the brochure link below, visiting our website or alternatively you can arrange by calling our office.

Specification
Material information:
The information above has been provided by the vendor, agent and GOTO Group and may not be accurate. Please refer to the property’s Legal Pack. (You can download this once you have registered your interest against the property). This pack provides material information which will help you make an informed decision before proceeding. It may not yet include everything you need to know so please make sure you do your own due diligence as well.

Property Description
This property is offered for sale using the Reservation fee process. Reservation fee is a new, innovative and pioneering process for buying and selling property. It significantly reduces the risk of gazumping or double-selling by offering security to both parties by gaining a commitment from both parties to buy and sell. When an offer is accepted, the buyer will be required to make payment of a non-refundable Reservation Fee of £3,360 including VAT (in addition to the final negotiated selling price). This will secure the transaction and the property will be taken off the market. The purchaser will not be exchanging contracts but will be given 90 working days in which to complete the transaction, from the date the Draft Contract is received by the buyer’s solicitor (or 10 working days after receipt of the Reservation Fee, whichever is earlier).

The buyer will also be required to pay a legal pack fee of £372 including VAT and to sign the Reservation Form and agree the Terms and Conditions prior to solicitors being instructed. If you require a copy of these documents, or for further information, please contact the Reservation Fee team at GOTO Group.

Buyer Fees
• The Reservation fee and legal pack fee are in addition to the final negotiated selling price.
• Stamp Duty Land Tax (SDLT) is applicable if you buy a property or land over a certain price in England, Wales or Northern Ireland.

Property ownership information

Ground rent review period: No review period

Service charge review period: No review period

Lease end date: 01/01/2254

Property Description Disclaimer

This is a general description of the property only, and is not intended to constitute part of an offer or contract. It has been verified by the seller(s), unless marked as 'draft'. Purplebricks conducts some valuations online and some of our customers prepare their own property descriptions, so if you decide to proceed with a viewing or an offer, please note this information may have been provided solely by the vendor, and we may not have been able to visit the property to confirm it. If you require clarification on any point then please contact us, especially if you’re traveling some distance to view. All information should be checked by your solicitor prior to exchange of contracts. Successful buyers will be required to complete anti-money laundering checks. Our partner, Lifetime Legal Limited, will carry out the initial checks on our behalf. The current non-refundable cost is £80 inc. VAT per offer. You’ll need to pay this to Lifetime Legal and complete all checks before we can issue a memorandum of sale. The cost includes obtaining relevant data and any manual checks and monitoring which might be required, and includes a range of benefits. Purplebricks will receive some of the fee taken by Lifetime Legal to compensate for its role in providing these checks.

Agent Details

Purplebricks, covering Manchester

0161 524 9265

Next Steps?

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