2 Bed Flat, Single Let, Atherton, M46 9WQ, £90,000

34a Spa Road, Atherton, M46 9WQ - 6 months ago

Sold STC
Leasehold
BTL
ROI: 9%
63 m²
+8 photos

ValuationUndervalued

Sold Prices£54K - £162K
Sold Prices/m²£757/m² - £2.5K/m²

 

 

Square Metres

63 m²
Price/m²£1.4K/m²

Value Estimate

£103,981
BMV16%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£22,500

Stamp Duty & Legal Fees

£5,700

Total Cash In

£28,200

 

 

Cash Out

 

Rent Range

£600 - £1,000

Rent Estimate

£644

Running Costs/mo

£430

Cashflow/mo

£214

Cashflow/yr

£2,567

ROI

9%

Gross Yield

9%

Local Sold Prices

52 sold prices from £54K to £162K, average is £106K. £757/m² to £2.5K/m², average is £1.6K/m².

PriceDateDistanceAddressBeds 
£54K12/200.55 mi7, Cross Street, Atherton, Manchester, Greater Manchester M46 0HL2
£120K04/220.82 miApartment 2, Church Court, Tyldesley Road, Atherton, Manchester, Greater Manchester M46 9AD2
£130K09/220.96 mi45, Gadfield Grove, Atherton, Manchester, Greater Manchester M46 0SJ2
£105K10/220.97 mi35, Gadfield Grove, Atherton, Manchester, Greater Manchester M46 0SJ2
£102.5K03/230.97 mi33, Gadfield Grove, Atherton, Manchester, Greater Manchester M46 0SJ2
£93K03/220.99 mi37, Gadfield Court, Atherton, Manchester, Greater Manchester M46 0SL2
£82.5K02/210.99 mi20, Gadfield Court, Atherton, Manchester, Greater Manchester M46 0SL2
£90K06/210.99 mi14, Gadfield Court, Atherton, Manchester, Greater Manchester M46 0SL2
£114K04/230.99 mi7, Gadfield Court, Atherton, Manchester, Greater Manchester M46 0SL2
£115K03/230.99 mi11, Gadfield Court, Atherton, Manchester, Greater Manchester M46 0SL2
£119K11/230.99 mi25, Gadfield Court, Atherton, Manchester, Greater Manchester M46 0SL2
£120K09/230.99 mi27, Gadfield Court, Atherton, Manchester, Greater Manchester M46 0SL2
£119K11/230.99 mi25, Gadfield Court, Atherton, Manchester, Greater Manchester M46 0SL2
£120K09/230.99 mi27, Gadfield Court, Atherton, Manchester, Greater Manchester M46 0SL2
£105K07/220.99 mi16, Gadfield Court, Atherton, Manchester, Greater Manchester M46 0SL2
£121K11/220.99 mi23, Gadfield Court, Atherton, Manchester, Greater Manchester M46 0SL2
£115K08/221 mi22, Gadfield Court, Atherton, Manchester, Greater Manchester M46 0SL2
£102K11/211.04 mi29, Gadbury Fold, Atherton, Manchester, Greater Manchester M46 0GN2
£100.5K06/231.04 mi47, Gadbury Fold, Atherton, Manchester, Greater Manchester M46 0GN2
£67.5K11/231.04 mi21, Gadbury Fold, Atherton, Manchester, Greater Manchester M46 0GN2
£115K01/241.04 mi45, Gadbury Fold, Atherton, Manchester, Greater Manchester M46 0GN2
£122.5K07/221.06 mi54, Gadbury Fold, Atherton, Manchester, Greater Manchester M46 0GX2
£130K07/221.06 mi12, Gadbury Fold, Atherton, Manchester, Greater Manchester M46 0GX2
£75K10/211.06 mi16, Gadbury Fold, Atherton, Manchester, Greater Manchester M46 0GX2
£102.5K04/231.06 mi18, Gadbury Fold, Atherton, Manchester, Greater Manchester M46 0GX2
£108K09/221.07 mi10, Shalewood Court, Atherton, Manchester, Greater Manchester M46 0SN2
£110K09/231.07 mi2, Shalewood Court, Atherton, Manchester, Greater Manchester M46 0SN2
£110K07/231.07 mi6, Shalewood Court, Atherton, Manchester, Greater Manchester M46 0SN2
£123K11/231.08 mi21, Colliers Grove, Atherton, Manchester, Greater Manchester M46 0GT2
£130K03/241.08 mi9, Colliers Grove, Atherton, Manchester, Greater Manchester M46 0GT2
£162K11/231.09 miApartment 5, Church Court, Tyldesley Road, Atherton, Manchester, Greater Manchester M46 9AD2
£125K10/231.09 miApartment 6, Church Court, Tyldesley Road, Atherton, Manchester, Greater Manchester M46 9AD2
£86.5K04/211.16 mi4, Hunts Bank, Westhoughton, Bolton, Greater Manchester BL5 2LA2
£74K06/211.19 mi14, Alexandria Drive, Westhoughton, Bolton, Greater Manchester BL5 3HF2
£80K06/211.19 mi34, Alexandria Drive, Westhoughton, Bolton, Greater Manchester BL5 3HF2
£110K09/221.29 mi19, Old Manor Park, Atherton, Manchester, Greater Manchester M46 0GP2
£78K11/211.3 mi2, Burnleigh Court, Bolton, Greater Manchester BL5 1EA2
£102K04/211.3 mi9, Old Manor Park, Atherton, Manchester, Greater Manchester M46 0GP2
£107.5K11/211.3 mi28, Old Manor Park, Atherton, Manchester, Greater Manchester M46 0GP2
£100K04/221.3 mi29, Old Manor Park, Atherton, Manchester, Greater Manchester M46 0GP2
£70K07/211.36 mi83, St Georges Avenue, Westhoughton, Bolton, Greater Manchester BL5 2EZ2
£90K11/201.48 mi3, Castle Street, Tyldesley, Manchester, Greater Manchester M29 8FP2
£117K02/211.52 mi7, Factory Street, Tyldesley, Manchester, Greater Manchester M29 8GQ2
£90K03/231.55 mi18, Johnson Street, Atherton, Manchester, Greater Manchester M46 0RB2
£117K09/231.55 mi20, Johnson Street, Atherton, Manchester, Greater Manchester M46 0RB2
£75K03/211.57 mi48, Phaeton Close, Atherton, Manchester, Greater Manchester M46 0SF2
£100K06/211.57 mi60, Phaeton Close, Atherton, Manchester, Greater Manchester M46 0SF2
£95K11/211.57 mi18, Phaeton Close, Atherton, Manchester, Greater Manchester M46 0SF2
£115K10/221.57 mi28, Phaeton Close, Atherton, Manchester, Greater Manchester M46 0SF2
£100K05/221.57 mi16, Phaeton Close, Atherton, Manchester, Greater Manchester M46 0SF2
£107K03/231.57 mi54, Phaeton Close, Atherton, Manchester, Greater Manchester M46 0SF2
£85K11/231.57 mi38, Phaeton Close, Atherton, Manchester, Greater Manchester M46 0SF2

Local Rents

38 rents from £600/mo to £1K/mo, average is £825/mo.

RentDateDistanceAddressBeds 
£82503/250.31 mi-2
£92505/240.53 mi-2
£75005/240.55 miRailway Street, Atherton, M462
£80006/240.59 miBag Lane, Atherton2
£87502/250.63 mi-2
£85002/240.67 mi-2
£75004/250.68 mi-2
£60002/240.69 mi-2
£95012/240.69 mi-2
£79504/250.72 mi-2
£85004/250.72 mi-2
£79505/240.74 miThomas Street, Atherton, Manchester, M462
£82505/240.74 mi-2
£79512/240.74 mi-2
£95002/250.74 mi-2
£92512/240.75 mi-2
£79506/240.76 miWigan Road, Atherton, M462
£72505/240.76 miMayfield Street, Manchester, Greater Manchester, M462
£75005/240.76 miPool House, Mayfield Street, Atherton, Manchester, M462
£87504/250.76 mi-2
£90012/240.76 mi-2
£79002/250.76 mi-2
£65005/240.77 mi-2
£75004/250.77 mi-2
£82512/240.78 miWigan Road, Atherton, M46 0JG2
£99512/240.79 miTyldesley Road, Atherton, M462
£79504/250.79 mi-2
£79505/240.81 miArgyle Street, Atherton, M462
£65002/250.81 mi-2
£82512/240.82 miWigan Road, Atherton, M462
£85003/250.86 mi-2
£1,00003/240.86 miWorthing Grove, Atherton, Manchester2
£87503/250.87 mi-2
£87512/241.05 mi-2
£79512/241.08 miLeigh Road, Westhoughton2
£95012/241.15 mi-2
£82505/241.18 mi-2
£89502/251.18 mi-2

Local Area Statistics

Population in M46

22,298

Town centre distance

0.77 miles away

Nearest school

0.40 miles away

Nearest train station

0.13 miles away

 

 

Rental growth (12m)

+17%

Sales demand

Seller's market

Capital growth (5yrs)

+45%

Property History

Listed for £90,000

October 16, 2024

Floor Plans

Description

  • Excellent Two Bedroom First Floor Apartment +
  • No Onward Chain +
  • Close to Tran Station +
  • Generous Accommodation +
  • Privare Entrance +
  • Well Proportioned Sitting Room +
  • Kitchen +
  • Two Double Bedrooms and Bathroom +
  • Private Rear Gardens +

ARC HOMES are delighted to offer FOR SALE this fantastic spacious first floor apartment which boasts generous accommodation and lovely private rear gardens. This lovely apartment would suit a range of buyers and is conveniently located within walking distance of a train station. With no onward chain, early viewing is advised. Entry is via a private entrance hallway with stairs rising to the first floor. The well proportioned bay fronted sitting room sits to the front while the fitted kitchen is located to the rear. There are two generous double bedrooms and a bathroom. Outside, the enclosed rear gardens provide private outdoor space with an excellent degree of privacy.

Agent Details

Arc Homes, Atherton

01946 550990

Next Steps?

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