3 Bed Terraced House, Motivated Seller, Manchester, M22 1GE, £229,950

Lenham Walk, Manchester, M22 1GE - 8 views - 6 months ago

Motivated
BTL
ROI: 2%
~93 m²
+10 photos

ValuationOvervalued

Sold Prices£92.5K - £308K
Sold Prices/m²£1.1K/m² - £4K/m²

 

 

Square Metres

~93 m²
Price/m²£2.5K/m²

Value Estimate

£217,705

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£57,488

Stamp Duty & Legal Fees

£8,400

Total Cash In

£65,888

 

 

Cash Out

 

Rent Range

£1,100 - £2,650

Rent Estimate

£1,138

Running Costs/mo

£966

Cashflow/mo

£172

Cashflow/yr

£2,062

ROI

3%

Gross Yield

6%

Local Sold Prices

50 sold prices from £92.5K to £308K, average is £210K. £1.1K/m² to £4K/m², average is £2.4K/m².

PriceDateDistanceAddressBeds 
£218.5K08/230.1 mi41, Ellenbrook Road, Manchester, Greater Manchester M22 1JH3
£218K06/230.14 mi100, Thornsgreen Road, Manchester, Greater Manchester M22 1GD3
£220K12/230.15 mi176, Cornishway, Manchester, Greater Manchester M22 1WN3
£210K11/210.16 mi37, Ravenscar Crescent, Manchester, Greater Manchester M22 0HY3
£175K01/210.17 mi6, Darian Avenue, Manchester, Greater Manchester M22 0HR3
£160K04/210.19 mi2, Staithes Road, Manchester, Greater Manchester M22 0HD3
£174K01/210.2 mi30, Hazelwood Road, Wythenshawe, Manchester, Greater Manchester M22 0AD3
£212.3K11/210.21 mi12, Lambourne Close, Manchester, Greater Manchester M22 1HS3
£217.5K04/230.23 mi30, Hazelwood Road, Wythenshawe, Manchester, Greater Manchester M22 0AD3
£150K10/200.25 mi79, Ravenscar Crescent, Manchester, Greater Manchester M22 0HP3
£239.3K02/230.26 mi12, Thirlby Drive, Manchester, Greater Manchester M22 0EQ3
£185K10/200.27 mi12, Austell Road, Manchester, Greater Manchester M22 0WN3
£207K06/230.27 mi103, Ravenscar Crescent, Manchester, Greater Manchester M22 0HP3
£240K06/230.28 mi64, Staithes Road, Manchester, Greater Manchester M22 0HF3
£180K06/210.28 mi18, Herle Drive, Manchester, Greater Manchester M22 1WH3
£235K05/230.28 mi10, Braintree Road, Manchester, Greater Manchester M22 0HH3
£210K06/210.31 mi173, Cornishway, Manchester, Greater Manchester M22 1SX3
£215K06/230.32 mi12, Herle Drive, Manchester, Greater Manchester M22 1WH3
£210K02/230.32 mi32, Austell Road, Manchester, Greater Manchester M22 0NQ3
£246K10/230.32 mi28, Robinsbay Road, Manchester, Greater Manchester M22 0LT3
£173K01/210.32 mi30, Robinsbay Road, Manchester, Greater Manchester M22 0LT3
£165K11/200.34 mi10, Poynings Drive, Manchester, Greater Manchester M22 1WF3
£245K02/230.34 mi13, Bampton Road, Manchester, Greater Manchester M22 1NH3
£140K06/210.36 mi6, Edendale Drive, Manchester, Greater Manchester M22 1NF3
£92.5K01/210.36 mi2, Kerris Close, Manchester, Greater Manchester M22 0AF3
£275.5K12/220.39 mi27, Lownorth Road, Manchester, Greater Manchester M22 0JU3
£193K08/210.4 mi42, Hilary Road, Manchester, Greater Manchester M22 1WQ3
£190K08/210.41 mi13, Exbourne Road, Manchester, Greater Manchester M22 1WE3
£185K03/210.41 mi8, Suffield Walk, Manchester, Greater Manchester M22 1NG3
£218K08/230.47 mi77, Hatchett Road, Manchester, Greater Manchester M22 0FB3
£180K01/240.49 mi55, Prinknash Road, Manchester, Greater Manchester M22 0FE3
£155K12/200.49 mi30, Coxton Road, Manchester, Greater Manchester M22 0FA3
£180K06/210.54 mi3, Hollins Walk, Manchester, Greater Manchester M22 0DB3
£165K11/210.54 mi18, Brundage Road, Manchester, Greater Manchester M22 0BZ3
£180K02/210.56 mi102, Ringway Road, Manchester, Greater Manchester M22 5WE3
£275K12/230.57 mi134, Robinswood Road, Manchester, Greater Manchester M22 0DD3
£175K11/200.57 mi12, Goodridge Avenue, Manchester, Greater Manchester M22 1QN3
£215K01/230.58 mi45, Robinswood Road, Manchester, Greater Manchester M22 0BU3
£204.5K10/230.59 mi62, Robinswood Road, Manchester, Greater Manchester M22 0BU3
£165K03/210.59 mi54, Robinswood Road, Manchester, Greater Manchester M22 0BU3
£225K01/230.6 mi4, Hansen Walk, Manchester, Greater Manchester M22 1AJ3
£235K08/230.61 mi37, Stoneacre Road, Manchester, Greater Manchester M22 1BN3
£265K11/200.63 mi8, Ullswater Road, Wythenshawe, Manchester, Greater Manchester M22 1TQ3
£308K10/220.63 mi4, Buttermere Avenue, Wythenshawe, Manchester, Greater Manchester M22 1TH3
£220K12/220.64 mi32, Wexford Walk, Manchester, Greater Manchester M22 5GN3
£155K03/210.64 mi32, Wexford Walk, Manchester, Greater Manchester M22 5GN3
£235K07/230.64 mi181, Portway, Manchester, Greater Manchester M22 1QP3
£212K08/230.65 mi9, Buttermere Avenue, Wythenshawe, Manchester, Greater Manchester M22 1TJ3
£285K04/210.66 mi16, Haslington Road, Manchester, Greater Manchester M22 5HS3
£285K07/210.68 mi21, Haslington Road, Manchester, Greater Manchester M22 5HS3

Local Rents

16 rents from £1.1K/mo to £2.6K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£2,65005/240.11 mi-3
£2,55012/240.11 mi-3
£2,50003/250.11 mi-3
£1,30005/240.14 miCornishway, Woodhouse Park Manchester3
£1,30009/240.2 mi-3
£1,50007/230.22 mi-3
£1,30003/250.23 mi-3
£1,15012/230.25 mi-3
£1,15003/230.26 mi-3
£1,15009/240.29 mi-3
£1,10005/240.32 miCornishway, Manchester3
£1,45006/240.38 miHilary Road, Manchester3
£1,10005/240.47 miHatchett Road, Manchester3
£1,30005/240.49 mi6 Tayfield Road Woodhouse Park Manchester3
£1,25011/240.5 mi-3
£1,29505/240.55 miBrundage Road, Manchester3

Local Area Statistics

Population in M22

42,201

Population in Manchester

920,095

Town centre distance

6.06 miles away

Nearest school

0.20 miles away

Nearest train station

0.47 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+11%

Sales demand

Seller's market

Capital growth (5yrs)

+52%

Property History

Price changed to £229,950

February 12, 2025

Listed for £240,000

October 11, 2024

Description

  • Spacious Three Bedroom End Terrace Family Home +
  • Large South Facing Rear Garden +
  • Ideally Set Back on a Quiet Green +
  • Walking Distance to Manchester Airport +
  • Close Links to Local Shops and Schools +
  • Opportunity to Extend +
  • Popular Area +

Well presented, this spacious three-bedroom end terrace family home is available for sales at the asking price of £240,000, which represents excellent value for money. Ideally situated on Lenham Walk, Manchester, the property offers a desirable blend of comfort and convenience in one of Manchester's most sought-after locations.

The remarkable three-bedroom house is accessed from an inviting entrance hall, leading to the two primary reception rooms. Each reception room is generously sized, perfect for entertaining as well as everyday family life. The bedrooms,  provide sufficient space for a growing family. The property also boasts a shower room with walk in shower.

A standout feature of this end terrace home is the large south-facing rear garden. The expansive outdoor space is ideal for social gatherings, leisure activities, or simply enjoying the serenity of the well-maintained garden. The potential for creating additional living space or recreational areas represents a lucrative opportunity for the new homeowners.

Tucked away in a quiet green, the property is ideally situated within walking distance to Manchester Airport, providing convenience for frequent flyers or hospitality professionals. Close links to the bustling city centre, local shops, schools and nearby attractions further add to the property's appeal.

It's worth mentioning that there is room to grow. The property allows fresh creativity and provides the opportunity to extend, potentially increasing the value significantly in this popular area. This is a rare chance to own a family-friendly home with vast potential in a fantastic location, representing a solid investment, a safe, comfortable place to raise a family or an exciting redevelopment opportunity.

In conclusion, this three-bedroom end terrace home is a treasure awaiting discovery, offering the new owners a chance to create their very own sanctuary in the heart of Manchester. Whether you are a bustling family, a motivated investor,, this property is perfect for you.

Agent Details

Bergins Estate Agents, Manchester

0161 524 6967

Next Steps?

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