3 Bed Flat, Single Let, Manchester, M9 7FJ, £130,000

The Pines, Ainsbrook Avenue, Manchester, M9 7FJ - 5 views - 6 months ago

Under Offer
Leasehold
BTL
ROI: 13%
~93 m²
+6 photos

ValuationUndervalued

Sold Prices£122K - £305K
Sold Prices/m²£1.8K/m² - £4.3K/m²

 

 

Square Metres

~93 m²
Price/m²£1.4K/m²

Value Estimate

£158,600
BMV22%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£32,500

Stamp Duty & Legal Fees

£5,100

Total Cash In

£37,600

 

 

Cash Out

 

Rent Range

£995 - £3,000

Rent Estimate

£1,050

Running Costs/mo

£636

Cashflow/mo

£414

Cashflow/yr

£4,965

ROI

13%

Gross Yield

10%

Local Sold Prices

14 sold prices from £122K to £305K, average is £172K. £1.8K/m² to £4.3K/m², average is £2.1K/m².

PriceDateDistanceAddressBeds 
£136K06/220.09 mi787, Moston Lane, Manchester, Greater Manchester M40 5RJ3
£225K04/230.59 mi53, Whernside Avenue, Manchester, Greater Manchester M40 9PN3
£198K10/230.69 mi19, Worthington Street, Moston, Manchester, Greater Manchester M40 0BB3
£170K12/210.8 mi20, Shirley Avenue, Chadderton, Oldham, Greater Manchester OL9 8DH3
£174K04/231.12 mi45, Nepaul Road, Manchester, Greater Manchester M9 4EA3
£140K07/211.41 mi14, Falls Green Avenue, Manchester, Greater Manchester M40 2BL3
£270K12/201.51 mi72, Birchwood, Chadderton, Oldham, Greater Manchester OL9 9UJ3
£190.8K09/211.64 mi61, Norfolk Crescent, Failsworth, Manchester, Greater Manchester M35 0WS3
£130K05/231.71 mi29, Whitecroft Meadow, Middleton, Manchester, Greater Manchester M24 1LU3
£125K09/231.71 mi25, Whitecroft Meadow, Middleton, Manchester, Greater Manchester M24 1LU3
£240K08/232.06 mi7, Sunny Brow Road, Middleton, Manchester, Greater Manchester M24 4AD3
£305K03/212.4 mi80, Cathedral Road, Chadderton, Oldham, Greater Manchester OL9 0RG3
£170K12/202.63 mi325, Cheetham Hill Road, Manchester, Greater Manchester M8 0SN3
£122K10/222.9 miFlat 4, St. Davids Court, Sherborne Street, Manchester, Greater Manchester M8 8ND3

Local Rents

50 rents from £995/mo to £3K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,30005/240.05 mi-3
£1,30005/240.05 miKilmaine Avenue, Manchester, M93
£1,39503/250.07 mi-3
£1,30007/240.1 miMoston Lane, Manchester3
£1,25008/240.1 miMoston Lane, Manchester3
£1,15006/240.12 miDuxford Walk, Manchester, Greater Manchester, M403
£1,15005/240.17 miMoston Lane, Moston, Manchester, M403
£1,19505/240.19 mi-3
£1,20012/230.2 mi-3
£1,30005/240.21 miCarville Road, Blackley, Manchester, M93
£1,40005/240.22 mi-3
£1,15005/240.23 mi-3
£1,40007/240.23 mi-3
£1,35008/240.24 miWortley Grove, Moston3
£1,10002/240.25 mi-3
£1,40007/240.25 mi-3
£1,40006/240.25 miLightbowne Road, Manchester, M403
£1,40007/240.25 miLightbowne Road, Manchester, M403
£1,50006/240.27 mi-3
£1,60006/240.27 mi-3
£1,10006/240.29 miNuthurst Road, Manchester, Greater Manchester, M403
£1,50005/240.31 miBooth Hall Road, Manchester, M93
£1,50005/240.31 mi-3
£1,30007/240.32 mi-3
£1,09501/240.34 mi-3
£1,70007/240.38 miBlueberry Avenue, Manchester, M403
£1,60011/240.38 mi-3
£1,35005/240.38 mi-3
£1,35008/240.38 mi-3
£3,00002/250.41 mi-3
£1,10005/240.42 miThe Quadrant, Manchester3
£1,20012/230.43 mi-3
£1,50001/250.43 mi-3
£1,05006/240.5 miEuston Avenue, Manchester, M93
£1,05006/240.5 mi-3
£1,25007/240.52 mi-3
£1,25007/240.52 miTrowbridge Drive, Manchester, M403
£1,20002/240.53 mi-3
£1,60011/240.57 mi-3
£1,00005/240.57 miSpindletree Avenue, Manchester, M93
£1,09508/240.57 mi-3
£1,60005/240.57 mi-3
£1,65005/240.57 mi-3
£1,40011/240.57 mi-3
£1,65012/240.57 mi-3
£1,60007/240.57 miFreshfield Massfield Drive, Manchester, M93
£99508/240.57 miFreshfields, Spindletree Avenue, Manchester3
£1,60008/240.58 miWoodstock Road, Manchester, M403
£1,10006/240.58 miWelbeck Avenue, Chadderton, Oldham3
£1,35011/240.58 mi-3

Local Area Statistics

Population in M9

39,412

Population in Manchester

920,095

Town centre distance

5.43 miles away

Nearest school

0.30 miles away

Nearest train station

0.52 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+45%

Sales demand

Seller's market

Capital growth (5yrs)

+60%

Property History

Listed for £130,000

October 7, 2024

Floor Plans

Description

  • THREE BEDROOM APARTMENT +
  • SECOND FLOOR +
  • COMMUNIAL ENTERANCE AND LIFT +
  • ENSUITE TO MASTER BEDROOM +
  • MODERN COMPLEX +
  • VIEWING RECOMMENDED +

Clarke & Co estate agents are pleased to bring to the market this three bedroom second floor apartment situated in the popular and convenient area of Moston. Well located close to schools, supermarkets and open spaces such as Boggart hole Clough, Heaton park and Chadderton Hall Parks. Within fantastic distance to transport links and the M60 providing easy access to Manchester city centre.

The accommodation on offer briefly comprises; communal intercom entrance on the ground floor with stairs and lift to upper floors, private entrance hallway, three bedrooms, ensuite to master, living area, kitchen and main bathroom. The property further benefits from allocated parking space, gas central heating and double glazing throughout.
This spacious apartment part of a modern complex would make an excellent residential property or investment opportunity. To arrange a viewing please call our office on:

Communal entrance
Communal entrance door, hallway with stairs or lift to apartment

Entrance Hallway
Apartment entrance door with Intercom, radiator and robes/ cloaks.

Bathroom
Three piece suite in white comprising; panelled bath, wc and hand basin. Splashback tiling, spotlighting, radiator and extractor fan.

Main bedroom 3.05m (10'0") x 2.57m (8'5")
Side facing uvpc window, radiator and door to en suite.

En suite
Three piece suite in white comprising; walk in shower enclosure with a thermostatic shower, wc and basin. Splashback tiling and extractor fan.

Bedroom Two 3.66m (12'0") x 2.54m (8'4")
Side facing uvpc window and radiator

Bedroom Three 3.66m (12'0") x 1.73m (5'8")
Side facing uvpc window and radiator.

Living area 5.18m (17'0") x 3.66m (12'0")
Side and rear facing uvpc double glazed windows and two radiator.

Kitchen 2.59m (8'6") x 3.23m (10'7")
Wide range of wall and base units with complimentary worktops and splashback tiling. One and a half bowl stainless steel sink unit with monotap and plumbed for automatic washer. Built in oven, four ring job and extractor fan. Integrated fridge, freezer and dishwasher. Side facing uvpc double glazed window, boiler and spot lights.

Agent Details

Clarke & Co, Chadderton

0161 524 2702

Next Steps?

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