3 Bed Terraced House, Single Let, Manchester, M18 7DL, £220,000

Stanley Grove, Manchester, Greater Manchester, M18 7DL - 1 views - 5 months ago

Sold STC
BTL
ROI: 5%
~93 m²
+15 photos

ValuationOvervalued











Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£55,000

Stamp Duty & Legal Fees

£7,800

Total Cash In

£62,800

 

 

Cash Out

 

Rent Range

£1,200 - £3,195

Rent Estimate

£1,225

Running Costs/mo

£953

Cashflow/mo

£273

Cashflow/yr

£3,270

ROI

5%

Gross Yield

7%













Local Rents

33 rents from £1.2K/mo to £3.2K/mo, average is £1.6K/mo.

RentDateDistanceAddressBeds 
£1,65005/240.17 miFairground Road, Belle Vue, Manchester, M183
£1,30003/250.18 mi-3
£1,90012/240.22 mi-3
£1,80002/250.22 mi-3
£1,89003/250.22 mi-3
£1,30005/240.22 mi-3
£1,65005/240.24 miFairground Road, Manchester, Greater Manchester, M183
£2,00005/240.26 miScenic Street, Manchester, M183
£1,25005/240.26 mi18 Tarrington Close, Manchester, Greater Manchester, M123
£1,80005/240.27 mi-3
£1,80005/240.27 mi-3
£1,60012/240.27 mi-3
£1,80005/240.27 miScenic Way, Manchester, M183
£1,60005/240.27 miScenic Way, Manchester, M183
£1,60005/240.27 miScenic Way, Manchester, M183
£1,75005/240.28 miScenic Street, Belle Vue3
£1,60005/240.28 miScenic Street, Belle Vue3
£1,55005/240.29 miKirkmanshulme Lane, Manchester, M123
£1,60002/240.31 mi-3
£1,25005/240.33 miSarnesfield Close, Longsight3
£1,20006/240.41 miYale Road, Manchester3
£1,45005/240.48 miBelle Vue Street, Manchester, M123
£1,45005/240.48 mi-3
£1,45005/240.48 mi-3
£2,99512/240.48 mi-3
£3,19501/250.48 mi-3
£1,43003/250.49 mi-3
£1,40001/250.49 mi-3
£1,45002/250.54 mi-3
£1,50001/240.55 mi-3
£1,50003/250.55 mi-3
£1,69505/240.56 miMannering Street, Manchester, M183
£1,35005/240.6 miStovell Avenue, Manchester, M123

Local Area Statistics

Population in M18

23,432

Population in Manchester

920,095

Town centre distance

2.56 miles away

Nearest school

0.20 miles away

Nearest train station

0.40 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+69%

Sales demand

Seller's market

Capital growth (5yrs)

+74%

Property History

Listed for £220,000

October 24, 2024

Floor Plans

Description

  • Popular Location +
  • Large Garden +
  • Three Bedrooms +
  • Excellent Transport Links +
  • Virtual Tour Available +
  • Must Be Viewed +

Ideally located with excellent access to Manchester City Centre, and with convenient local transport links, this three bedroom property offers a generous garden and must be viewed to appreciate the size of the accommodation on offer.

Upon entering the property, the entrance hall provides access to a generous reception room. The kitchen is situated to the rear of the property and briefly comprises; selection of wall and base units, sink with drainer, oven with hob and space for appliances.
There is also a useful ground floor WC with wash hand basin.

To the first floor there are two well-proportioned double rooms and one comfortable single room with ample space for storage.

The bathroom comprises; bath with shower over the top, wash hand basin and WC.

Externally, there is a front garden and large rear, englosed garden which is mainly laid to lawn.

See our virtual tour online and get in touch to arrange a viewing!

Tenure - Freehold
EPC - C
Council Tax Band - A

Agent Details

Leaders Sales, Fallowfield

0161 524 9116

Next Steps?

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