3 Bed Semi-Detached House, Single Let, Manchester, M18 7TH, £255,000

Cardrona Street, Gorton, Manchester, M18 7TH - 6 months ago

BTL
ROI: 4%
~93 m²
+11 photos

ValuationOvervalued

Sold Prices£80K - £270K
Sold Prices/m²£1.1K/m² - £3.9K/m²

 

 

Square Metres

~93 m²
Price/m²£2.7K/m²

Value Estimate

£222,970

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£63,750

Stamp Duty & Legal Fees

£9,100

Total Cash In

£72,850

 

 

Cash Out

 

Rent Range

£1,050 - £2,500

Rent Estimate

£1,295

Running Costs/mo

£1,076

Cashflow/mo

£219

Cashflow/yr

£2,630

ROI

4%

Gross Yield

6%

Local Sold Prices

50 sold prices from £80K to £270K, average is £178.6K. £1.1K/m² to £3.9K/m², average is £2.4K/m².

PriceDateDistanceAddressBeds 
£185K05/230.05 mi1, Falshaw Way, Manchester, Greater Manchester M18 7TG3
£185K05/230.05 mi3, Falshaw Way, Manchester, Greater Manchester M18 7TG3
£217K08/230.08 mi6, Braithwaite Road, Manchester, Greater Manchester M18 7TJ3
£225K08/210.09 mi3, Rainshaw Lane, Gorton, Manchester, Greater Manchester M18 7TE3
£102K02/210.18 mi31, Sandown Crescent, Manchester, Greater Manchester M18 7WG3
£180K12/220.19 mi1, Horbury Avenue, Manchester, Greater Manchester M18 7WR3
£188K10/230.21 mi101, Rawsthorne Avenue, Manchester, Greater Manchester M18 7GA3
£180K04/240.21 mi103, Rawsthorne Avenue, Manchester, Greater Manchester M18 7GA3
£240K03/230.22 mi4, Horbury Avenue, Manchester, Greater Manchester M18 7WR3
£145K10/200.22 mi1, Horbury Avenue, Manchester, Greater Manchester M18 7WR3
£179K12/200.26 mi46, Cravenwood Road, Reddish, Stockport, Greater Manchester SK5 6PQ3
£265K06/230.26 mi1, Cravenwood Road, Reddish, Stockport, Greater Manchester SK5 6PQ3
£165K08/210.26 mi21, Bradfield Close, Stockport, Greater Manchester SK5 6XP3
£152K11/200.26 mi34, Bradfield Close, Stockport, Greater Manchester SK5 6XP3
£175K01/210.26 mi16, Bradfield Close, Stockport, Greater Manchester SK5 6XP3
£235K11/210.28 mi36, Howden Close, Stockport, Greater Manchester SK5 6XW3
£80K03/210.28 mi24, Howden Close, Stockport, Greater Manchester SK5 6XW3
£170K08/210.28 mi6, Howden Close, Stockport, Greater Manchester SK5 6XW3
£155K02/210.28 mi5, Howden Close, Stockport, Greater Manchester SK5 6XW3
£175K10/210.29 mi42, Broadfield Grove, Stockport, Greater Manchester SK5 6XN3
£186.5K10/210.29 mi11, Broadfield Grove, Stockport, Greater Manchester SK5 6XN3
£170K03/210.29 mi21, Broadfield Grove, Stockport, Greater Manchester SK5 6XN3
£190K10/210.3 mi24, Fir Tree Avenue, Stockport, Greater Manchester SK5 6BF3
£140K06/240.3 mi66, Highgate Crescent, Manchester, Greater Manchester M18 7EZ3
£140K11/200.3 mi104, Hemsworth Road, Manchester, Greater Manchester M18 7SD3
£175K12/200.32 mi23, Beresford Crescent, Stockport, Greater Manchester SK5 6NU3
£270K05/220.32 mi26, Beresford Crescent, Stockport, Greater Manchester SK5 6NU3
£178.1K02/210.34 mi4, Aigburth Grove, Stockport, Greater Manchester SK5 6NJ3
£170K11/200.34 mi78, Browning Road, Stockport, Greater Manchester SK5 6JT3
£205K04/230.34 mi14, Ryder Brow Road, Manchester, Greater Manchester M18 7FX3
£135K06/210.36 mi30, Goldsmith Road, Stockport, Greater Manchester SK5 6JP3
£90K12/200.37 mi10, Browning Road, Stockport, Greater Manchester SK5 6JN3
£194K12/200.37 mi7, Browning Road, Stockport, Greater Manchester SK5 6JN3
£215K03/230.38 mi92, Darras Road, Manchester, Greater Manchester M18 7PS3
£190K12/210.39 mi12, Bispham Avenue, Stockport, Greater Manchester SK5 6NT3
£194K10/210.4 mi14, Ruskin Road, Stockport, Greater Manchester SK5 6JS3
£204K10/220.4 mi12, Unwin Avenue, Manchester, Greater Manchester M18 7PR3
£220K08/210.4 mi61, Tytherington Drive, Manchester, Greater Manchester M19 3TD3
£222.5K12/220.42 mi43, Coleridge Road, Stockport, Greater Manchester SK5 6JU3
£160K10/200.42 mi44, Macauley Road, Stockport, Greater Manchester SK5 6JR3
£205K04/230.44 mi63, Melland Road, Manchester, Greater Manchester M18 7QA3
£208K05/230.44 mi33, Melland Road, Manchester, Greater Manchester M18 7QA3
£150K10/200.44 mi31, Melland Road, Manchester, Greater Manchester M18 7QA3
£177K02/210.44 mi421, Gorton Road, Stockport, Greater Manchester SK5 6LR3
£145K04/210.45 mi5, Tindall Street, Stockport, Greater Manchester SK5 6QZ3
£146K11/200.45 mi21, Dean Road, Gorton, Manchester, Greater Manchester M18 7JF3
£220K07/210.46 mi18, Farn Avenue, Reddish, Stockport, Greater Manchester SK5 6NQ3
£160K12/230.46 mi39, Reddish Lane, Manchester, Greater Manchester M18 7JH3
£150K08/210.46 mi4, Woodland Avenue, Manchester, Greater Manchester M18 7HF3
£160K09/230.46 mi16, Woodland Avenue, Manchester, Greater Manchester M18 7HF3

Local Rents

50 rents from £1.1K/mo to £2.5K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,35005/240.03 miFylde Lane, Manchester, M183
£1,35005/240.03 miFylde Lane, Gorton3
£1,49503/250.04 mi-3
£1,45002/250.06 mi-3
£1,35003/250.06 mi-3
£1,50005/240.09 miShillingford Road, Manchester, M183
£1,64510/240.1 mi-3
£1,60005/240.1 miShillingford Road, Manchester, M183
£1,70005/240.1 mi-3
£1,65012/240.1 mi-3
£1,35012/240.1 mi-3
£1,40005/240.1 mi-3
£1,40005/240.1 mi-3
£1,30009/240.1 mi-3
£1,39002/240.1 mi-3
£1,30005/240.1 mi-3
£1,60005/240.1 mi-3
£1,50002/240.1 mi-3
£1,50005/240.1 miRainshaw Lane, Manchester, M183
£1,39012/230.1 mi-3
£1,35005/240.12 miShillingford Road, Manchester, Greater Manchester, M183
£1,35009/240.12 mi-3
£1,35003/250.12 mi-3
£1,35012/240.12 mi-3
£1,50012/240.15 mi-3
£1,20005/240.17 miNutmeg Drive, Gorton, Manchester, M183
£1,30001/250.18 mi-3
£1,60001/250.18 mi-3
£2,50003/250.18 mi-3
£1,05008/240.2 mi-3
£1,30012/240.24 mi-3
£1,10009/240.26 miBradfield Close, North Reddish, SK53
£1,20009/240.26 miBradfield Close, North Reddish, SK53
£1,19505/240.26 miYeadon Road, Gorton, Manchester3
£1,35008/240.28 miCravenwood Road, Reddish, Stockport, Greater Manchester, SK53
£1,30003/250.28 mi-3
£1,45003/250.31 mi-3
£1,30012/240.34 mi-3
£1,25002/250.37 mi-3
£1,55006/240.41 miStainton Avenue, Manchester, M183
£1,55012/240.41 mi-3
£1,55012/240.41 mi-3
£1,45002/250.41 mi-3
£1,65005/240.41 miMannering Street, M183
£1,29505/240.44 mi-3
£1,50012/240.45 mi-3
£1,20009/240.47 miThornley Lane North, Stockport3
£1,35012/240.47 mi-3
£1,20005/240.47 miWoodland Avenue, Gorton, Manchester, M18 7HF3
£1,69505/240.48 miMannering Street, Manchester, M183

Local Area Statistics

Population in M18

23,432

Population in Manchester

920,095

Town centre distance

3.42 miles away

Nearest school

0.20 miles away

Nearest train station

0.43 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+69%

Sales demand

Seller's market

Capital growth (5yrs)

+74%

Property History

Listed for £255,000

October 3, 2024

Floor Plans

Description

  • Three Bedroom Semi-detached House +
  • Secure Allocated Parking To Rear & On Road To Front +
  • Three Bathrooms Inc Ensuite & WC +
  • Large Rear Garden +
  • Fitted Kitchen With Dining Area & Patio Doors +
  • Close To Sport City +
  • 10 Minute Drive From Manchester City Centre +

WATCH VIDEO TOUR! Granite Lettings & Property Management are pleased to present this, three bedroom, semi-detached house, with secure allocated parking, located close to Sports City and within 10 minutes drive from Manchester city centre. The property briefly comprises; three bedrooms (two double and one single), spacious living area, fully fitted kitchen with dining area and patio doors. The master bedroom boasts an ensuite bathroom, there is also a family bathroom with shower over bath and downstairs wc. The property benefits from a large rear garden, secure allocated parking to the rear of the property and additional on street parking. Location also provides great public transport links into the city centre and easy access to the M602 / M60 / M61 and M62.

The property also makes a great investment opportunity, currently occupied on a rolling AST, current rental valuation is £1295 pcm

Council Tax Band B: £1456.45 - Manchester City Council [Prices correct as of 2022/2023 - please always refer to the council website]

Service charge per annum - £211.26 per year for car park maintanence

No EWS1 required.

Freehold.

Living Room - 12'5" (3.78m) x 14'5" (4.39m)

Kitchen - 16'6" (5.03m) x 11'7" (3.53m)

WC - 7'1" (2.16m) x 4'9" (1.45m)

Bedroom 1 - 7'8" (2.34m) x 9'8" (2.95m)

Bedroom 2 - 7'7" (2.31m) x 8'8" (2.64m)

Bedroom 3 - 6'2" (1.88m) x 5'6" (1.68m)

Bathroom - 6'4" (1.93m) x 5'5" (1.65m)

what3words /// tracks.scout.spring

Notice
Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.

Agent Details

Granite Lettings & Property Management - Residential Lettings & Sales, Northern Quarter

0161 524 8676

Next Steps?

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