2 Bed Terraced House, Single Let, Manchester, M4 5GD, £390,000

18 Addington Street, Manchester, M4, M4 5GD - 5 months ago

Leasehold
Auction
BTL
53 m²
+9 photos

ValuationOvervalued

Sold Prices£115K - £382K
Sold Prices/m²£2K/m² - £4.4K/m²

 

 

Square Metres

53 m²
Price/m²£7.4K/m²

Value Estimate

£200,938

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£97,500

Stamp Duty & Legal Fees

£19,900

Total Cash In

£117,400

 

 

Cash Out

 

Rent Range

£730 - £1,950

Rent Estimate

£915

Running Costs/mo

£1,422

Cashflow/mo

£-507

Cashflow/yr

£-6,084

Gross Yield

3%

Local Sold Prices

22 sold prices from £115K to £382K, average is £237.8K. £2K/m² to £4.4K/m², average is £3.8K/m².

PriceDateDistanceAddressBeds 
£215K01/210.36 mi29, Livesey Street, Manchester, Greater Manchester M4 5HF2
£358K03/240.45 mi15, New Islington, Manchester, Greater Manchester M4 6HF2
£360K03/210.45 mi15, New Islington, Manchester, Greater Manchester M4 6HF2
£365K04/210.45 mi17, Lockyard Lane, Manchester, Greater Manchester M4 6JN2
£365K02/210.45 mi29, Lockyard Lane, Manchester, Greater Manchester M4 6JN2
£382K03/220.46 mi19, Lockyard Lane, Manchester, Greater Manchester M4 6JN2
£225K05/220.54 mi2, Troutbeck Avenue, Manchester, Greater Manchester M4 7JG2
£265K08/220.54 mi5, Thomas Telford Basin, Manchester, Greater Manchester M1 2NH2
£243K11/230.77 mi70, Holland Street, Manchester, Greater Manchester M40 7DF2
£122K09/220.79 mi81, Pink Bank Lane, Manchester, Greater Manchester M12 5GR2
£233.5K03/220.8 mi12, Evans Street, Salford, Greater Manchester M3 7GE2
£261K09/220.8 mi6, Evans Street, Salford, Greater Manchester M3 7GE2
£262K06/220.8 mi28, Evans Street, Salford, Greater Manchester M3 7GE2
£217.5K01/210.8 mi14, Evans Street, Salford, Greater Manchester M3 7GE2
£190K11/210.84 mi95, Ridgway Street, Manchester, Greater Manchester M40 7DS2
£220K08/210.84 mi5, Gurney Street, Manchester, Greater Manchester M4 7DZ2
£220K08/210.84 mi5, Gurney Street, Manchester, Greater Manchester M4 7DZ2
£115K09/200.85 mi13, Towcester Close, Manchester, Greater Manchester M4 7FB2
£260K10/220.86 mi23, Pattishall Close, Manchester, Greater Manchester M4 7DU2
£242K10/220.87 mi42, Tutbury Street, Manchester, Greater Manchester M4 7DG2
£205K03/210.95 mi202, Varley Street, Manchester, Greater Manchester M40 7EJ2
£220K09/210.96 mi17, Picton Close, Salford, Greater Manchester M3 6BE2

Local Rents

50 rents from £730/mo to £1.9K/mo, average is £1.5K/mo.

RentDateDistanceAddressBeds 
£1,95002/250 mi-2
£1,55005/240.01 miNew Cross Central, M22
£1,55005/240.01 miNew Cross Central, M42
£1,47505/240.03 mi2 Addington Street, Manchester, Greater Manchester, M42
£1,50005/240.03 mi2 Addington Street, Manchester, Greater Manchester, M42
£1,56005/240.03 mi2 Addington Street, Manchester, Greater Manchester, M42
£1,40005/240.03 mi2 Addington Street, Manchester, Greater Manchester, M42
£1,56505/240.03 mi2 Addington Street, Manchester, Greater Manchester, M42
£1,59505/240.03 mi2 Addington Street, Manchester, Greater Manchester, M42
£1,57505/240.03 mi2 Addington Street, Manchester, Greater Manchester, M42
£1,37505/240.03 mi2 Addington Street, Manchester, Greater Manchester, M42
£1,55005/240.03 mi2 Addington Street, Manchester, Greater Manchester, M42
£1,58505/240.03 mi2 Addington Street, Manchester, Greater Manchester, M42
£1,64005/240.03 miApt 40, Addington Street, Manchester, Greater Manchester, M42
£1,50002/250.03 mi-2
£1,35005/240.04 miSkyline Central 1, 50 Goulden Street, Manchester City Centre, M42
£1,35006/240.04 miSkyline Central 1, 49 Goulden Street, Manchester City Centre, M42
£1,35012/240.04 miSkyline Central, 50 Goulden Street, Manchester, M42
£1,50005/240.04 miMason Street, Manchester, Greater Manchester, M42
£1,35005/240.04 mi32 Mason Street, M42
£1,64003/240.05 miPoplin 2 Addington Street, Manchester, Greater Manchester, M42
£1,56005/240.05 mi2 Addington Street, Manchester, Greater Manchester, M42
£1,60505/240.05 miApt 13, Addington Street, Manchester, Greater Manchester, M42
£1,62005/240.05 miApt 40, Addington Street, Manchester, Greater Manchester, M42
£1,72006/240.05 miApt103, 2 Addington Street2
£1,62512/240.05 miApt04, Addington Street, Manchester, Greater Manchester, M42
£1,50001/250.05 mi00113, 2 Addington Street, Manchester, Greater Manchester, M42
£1,50005/240.06 miMason Street, Manchester2
£1,50005/240.06 miNew Cross Central, Marshall Street Manchester M42
£1,30005/240.06 miSpinners Mill, 4 Hatter Street, Northern Quarter, Manchester, M42
£1,25005/240.06 miSpinners Mill, 4 Hatter Street, Northern Quarter, Manchester, M42
£1,10005/240.07 miSpinners Mill, 4 Hatter St 2
£1,20005/240.07 miThe Cartwright, Spinners Mill2
£1,50005/240.07 miBroadside, Oldham Road M42
£1,40002/250.07 mi-2
£1,45003/240.07 miBroadside, Oldham Road, M42
£1,55005/240.07 miBroadside, Oldham Road, M42
£1,57503/240.07 miBroadside, Oldham Road M42
£73002/240.08 mi-2
£1,60005/240.08 miFlat 811, Swan Street House, 70 Swan Street, Manchester, Greater Manchester, M42
£1,28005/240.08 miFlat 220, Swan Street House, 70 Swan Street, Manchester, Greater Manchester, M42
£1,50005/240.08 miFlat 809, Swan Street House, 70 Swan Street, Manchester, Greater Manchester, M42
£1,65006/240.08 miFlat 1111, Swan Street House, 70 Swan Street, Manchester, Greater Manchester, M42
£1,50006/240.08 miFlat 509, Swan Street House, 70 Swan Street, Manchester, Greater Manchester, M42
£1,65006/240.08 miFlat 1211, Swan Street House, 70 Swan Street, Manchester, Greater Manchester, M42
£1,50006/240.08 miFlat 709, Swan Street House, 70 Swan Street, Manchester, Greater Manchester, M42
£1,55006/240.08 miFlat 419, Swan Street House, 70 Swan Street, Manchester, Greater Manchester, M42
£1,50012/240.08 miFlat 909, Swan Street House, 70 Swan Street, Manchester, Greater Manchester, M42
£1,55012/240.08 miFlat 217, Swan Street House, 70 Swan Street, Manchester, Greater Manchester, M42
£1,10005/240.08 miApartment 402 6 Oldham Road, Manchester, M42

Local Area Statistics

Population in M4

10,600

Population in Manchester

920,095

Town centre distance

2.24 miles away

Nearest school

0.40 miles away

Nearest train station

0.39 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+33%

Sales demand

Buyer's market

Capital growth (5yrs)

+3%

Property History

Listed for £390,000

October 12, 2024

Floor Plans

Description

  • Being Sold By GOTO Online Auction +
  • Buy-It-Now Option Available +
  • Buyer’S Fees Apply +
  • Modern Kitchen With Integrated Appliances +
  • Beautifully Presented Two Bedroom Apartment +
  • Fantastic Outdoor Terrace Space +
  • Open Plan Living +
  • Master With En-Suite +
  • Superb Location In The Heart Of Manchester +

The Property
THE GOTO GROUP ARE PLEASED TO OFFER FOR SALE VIA ON LINE AUCTION THIS TWO BEDROOM APPARTMENT IN MANCHESTER

A vibrant development that puts community at its heart! With Manchester's city centre and Ancoats right on your doorstep, you'll have a wide range of independent shops, restaurants, and bars to choose from.

The property briefly comprises upon entry a stylish living room, kitchen and dining space, all finished to an excellent standard. The kitchen comes with built in appliances whilst and a range of contemporary fitted wall and base units.
Completing this beautiful apartment is two great sized bedrooms with the master having an en-suite facility, and a bathroom.
Externally there is a fantastic outdoor terrace, which is the perfect space for entertaining family and friends.

Leasehold Information: 250 years less 30 days from 26 April 2017

Addington Street positioned close to the norther quarter Northern Quarter and Ancoats, in the emerging New Cross district. Manchester Victoria Station is a short distance (0.4m) allowing quick and easy access to train and tram links.

The Arndale is also situated nearby (0.3m) which provides an array of grocery, food and beverage options within easy reach.

For sport and entertainment. Manchester's famous football stadiums Old Trafford (home to Manchester United) and the Etihad (home to Manchester City) are 3.3m and 1.6m away respectively.

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
Being Sold by GOTO Online Auction

Starting Bids from £390,000

Buy it now option available

Please call or visit Purplebricks Online Auctions for more information.

This property is for sale by Online Auction. The Online Modern Method of Auction is a flexible buyer friendly method of purchase. The purchaser will have 56 working days to exchange and complete once the draft contract has been received by the buyer’s solicitor (or 10 working days after receipt of the buyer’s premium, whichever is earlier). Allowing the additional time to exchange and complete on the property means interested parties can proceed with traditional residential finance. Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer will be required to put down a non-refundable reservation fee called a Buyer’s Premium. This secures the transaction and takes the property off the market. The buyer will be required to agree to our terms and conditions prior to solicitors being instructed. Copies of the Reservation form and all terms and conditions can be found on the online Auction website or requested from our Auction Department.

Please note this property is subject to an undisclosed Reserve Price which is typically no more than 10% in excess of the Starting Bid. Both the Starting Bid and Reserve Price can be subject to change. Our primary duty of care is to the vendor. Terms and conditions apply to the Modern Method of Auction, which is operated by GOTO Auctions.

To book a viewing visit Purplebricks.

Specification
Auctioneer's Comments

This property is for sale by Online Auction which is a flexible and buyer friendly method of purchase. The purchaser will not be exchanging contracts on the fall of the virtual hammer but will be given 56 working days in which to complete the transaction, from the date the Draft Contract is issued by the seller’s solicitor. By giving a buyer time to exchange contracts on the property, means normal residential finance can be arranged.

The Buyer’s Premium secures the transaction and takes the property off the market. Fees paid to the Auctioneer reserve the property to the buyer during the Reservation Period and are paid in addition to the purchase price and are considered within calculations for Stamp Duty Land Tax. Further clarification on this must be sought from your legal representative. The buyer will be required to sign a Reservation form to confirm acceptance of terms prior to solicitors being instructed. Copies of the Reservation form and all terms and conditions can be found in the Legal Pack which can be downloaded for free from our website or requested from our Auction Department.

Buyer Fees

Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer will be required to make payment of a non-refundable Buyer’s Premium of 3.6% of the purchase price including VAT (this is subject to a minimum amount of £6,600 including VAT) and a Legal Pack fee of £396 including VAT. This secures the transaction and takes the property off the market.

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: 22/04/2267

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?

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