2 Bed Terraced House, Single Let, Manchester, M43 7PQ, £180,000

Gloucester Road, Droylsden, M43 7PQ - 6 months ago

Sold STC
BTL
ROI: 4%
~100 m²
+6 photos

ValuationUndervalued

Sold Prices£112K - £230K
Sold Prices/m²£1.8K/m² - £3.4K/m²

 

 

Square Metres

~100 m²
Price/m²£1.8K/m²

Value Estimate

£223,200
BMV24%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£45,000

Stamp Duty & Legal Fees

£11,300

Total Cash In

£56,300

 

 

Cash Out

 

Rent Range

£900 - £1,150

Rent Estimate

£950

Running Costs/mo

£773

Cashflow/mo

£178

Cashflow/yr

£2,130

ROI

4%

Gross Yield

6%

Local Sold Prices

50 sold prices from £112K to £230K, average is £165K. £1.8K/m² to £3.4K/m², average is £2.5K/m².

PriceDateDistanceAddressBeds 
£159.9K05/210.08 mi17, Essex Avenue, Droylsden, Manchester, Greater Manchester M43 7PS2
£112K12/200.13 mi8, Sussex Drive, Droylsden, Manchester, Greater Manchester M43 7PD2
£128.5K03/210.13 mi34, Sussex Drive, Droylsden, Manchester, Greater Manchester M43 7PD2
£142K06/230.13 mi192, Sunnyside Road, Droylsden, Manchester, Greater Manchester M43 7GE2
£137.5K12/200.15 mi99, Sunnyside Road, Droylsden, Manchester, Greater Manchester M43 7GF2
£138K06/230.15 mi113, Sunnyside Road, Droylsden, Manchester, Greater Manchester M43 7GF2
£137K03/210.17 mi34, Cypress Road, Droylsden, Manchester, Greater Manchester M43 7PB2
£165K12/200.2 mi3, Parvet Avenue, Droylsden, Manchester, Greater Manchester M43 7SD2
£170K12/210.2 mi18, Abbey Road, Droylsden, Manchester, Greater Manchester M43 7RJ2
£145K11/200.2 mi16, Abbey Road, Droylsden, Manchester, Greater Manchester M43 7RJ2
£195K07/230.21 mi37, St Kildas Avenue, Droylsden, Manchester, Greater Manchester M43 7SE2
£180K07/230.21 mi19, St Kildas Avenue, Droylsden, Manchester, Greater Manchester M43 7SE2
£155K10/230.21 mi30, Parvet Avenue, Droylsden, Manchester, Greater Manchester M43 7SB2
£165K06/210.23 mi16, Coronation Road, Droylsden, Manchester, Greater Manchester M43 7RL2
£145K05/210.24 mi58, Springfield Road, Droylsden, Manchester, Greater Manchester M43 7RH2
£187K02/230.24 mi38, Springfield Road, Droylsden, Manchester, Greater Manchester M43 7RH2
£160K09/230.25 mi42, Shrewsbury Road, Droylsden, Manchester, Greater Manchester M43 7NJ2
£225K12/230.25 mi98, Waverley Crescent, Droylsden, Manchester, Greater Manchester M43 7WL2
£138K07/230.26 mi25, Shrewsbury Road, Droylsden, Manchester, Greater Manchester M43 7WH2
£156.5K02/210.27 mi2, Swinburne Avenue, Droylsden, Manchester, Greater Manchester M43 7WS2
£170K01/230.28 mi86, Sunnyside Road, Droylsden, Manchester, Greater Manchester M43 7WE2
£190.1K11/230.29 mi15, Keats Avenue, Droylsden, Manchester, Greater Manchester M43 7WJ2
£152K07/210.29 mi9, Keats Avenue, Droylsden, Manchester, Greater Manchester M43 7WJ2
£175.8K11/220.33 mi9, Waverley Crescent, Droylsden, Manchester, Greater Manchester M43 7NX2
£165K02/230.35 mi18, Waverley Crescent, Droylsden, Manchester, Greater Manchester M43 7NN2
£157K09/230.38 mi12, Bell Clough Road, Droylsden, Manchester, Greater Manchester M43 7WR2
£153K04/210.38 mi10, Lytton Road, Droylsden, Manchester, Greater Manchester M43 7ND2
£149K06/210.38 mi5, Lytton Road, Droylsden, Manchester, Greater Manchester M43 7ND2
£156K10/210.38 mi4, Albion Drive, Droylsden, Manchester, Greater Manchester M43 7NP2
£197K12/220.38 mi16, Albion Drive, Droylsden, Manchester, Greater Manchester M43 7NP2
£192K05/230.38 mi5, Albion Drive, Droylsden, Manchester, Greater Manchester M43 7NP2
£180K05/230.4 mi35, Clough Road, Droylsden, Manchester, Greater Manchester M43 7NQ2
£179K08/210.42 mi3, Fraternitas Terrace, Droylsden, Manchester, Greater Manchester M43 7SU2
£140K06/210.43 mi64, Alan Avenue, Failsworth, Manchester, Greater Manchester M35 0PT2
£190K11/200.43 mi61, Alan Avenue, Failsworth, Manchester, Greater Manchester M35 0PT2
£185K10/230.43 mi64, Clough Road, Droylsden, Manchester, Greater Manchester M43 7NG2
£212K03/230.43 mi58, Clough Road, Droylsden, Manchester, Greater Manchester M43 7NG2
£200K12/200.45 mi51, Wyndale Drive, Failsworth, Manchester, Greater Manchester M35 0PY2
£150K04/210.49 mi25, Sutton Drive, Droylsden, Manchester, Greater Manchester M43 7RX2
£189K05/230.53 mi17, Essex Close, Failsworth, Manchester, Greater Manchester M35 0QZ2
£175K07/220.54 mi21, Albion Fold, Droylsden, Manchester, Greater Manchester M43 7DF2
£195K06/230.55 mi36, Albion Fold, Droylsden, Manchester, Greater Manchester M43 7DF2
£200K12/220.55 mi43, Prospect Drive, Failsworth, Manchester, Greater Manchester M35 0WX2
£147K03/210.62 mi22, Holmlea Road, Droylsden, Manchester, Greater Manchester M43 6WG2
£181.5K06/230.63 mi114, Lewis Road, Droylsden, Manchester, Greater Manchester M43 6NP2
£120K10/230.63 mi33, Royal Avenue, Droylsden, Manchester, Greater Manchester M43 7HF2
£117K07/210.64 mi5, Moorside Street, Droylsden, Manchester, Greater Manchester M43 7ZD2
£172K05/230.64 mi39, Hart Street, Droylsden, Manchester, Greater Manchester M43 7AN2
£230K10/230.66 mi14, Rupert Street, Manchester, Greater Manchester M40 1QU2
£170K02/230.66 mi6, Newton Street, Droylsden, Manchester, Greater Manchester M43 7GP2

Local Rents

18 rents from £900/mo to £1.1K/mo, average is £998/mo.

RentDateDistanceAddressBeds 
£1,00001/240.07 mi-2
£99509/240.1 mi-2
£1,09003/250.13 mi-2
£95005/240.19 mi-2
£1,10011/240.19 mi-2
£95001/240.2 mi-2
£90007/240.2 mi-2
£90009/240.2 mi-2
£90009/240.2 mi-2
£1,15005/240.23 mi-2
£1,04003/250.23 mi-2
£1,15005/240.24 mi-2
£95005/240.25 miParvet Avenue, Droylsden, Manchester2
£1,05002/250.29 mi-2
£99507/240.33 mi-2
£99507/240.33 miWaverley Crescent, Droylsden, Manchester, M432
£1,00006/240.34 mi-2
£1,00005/240.54 miCambridge Road, Failsworth2

Local Area Statistics

Population in M43

23,037

Population in Manchester

920,095

Town centre distance

4.76 miles away

Nearest school

0.30 miles away

Nearest train station

0.86 miles away

 

 

Rental growth (12m)

+25%

Sales demand

Seller's market

Capital growth (5yrs)

+59%

Property History

Listed for £180,000

October 31, 2024

Floor Plans

Description

  • Ideal BTL or FTB. +
  • Large rear garden and parking. +
  • Extended to the rear. +
  • Close to local amenities. +
  • Ideal investment purchase. +
  • Popular location. +

EXTENDED TO THE REAR LARGER THAN AVERAGE REAR GARDEN MODERN KITCHEN & BATHROOM TWO DOUBLE BEDROOMS OFF ROAD PARKING SPACIOUS LOUNGE-DINER IDEAL FIRST TIME BUY OR BTL INVESTMENT OPPORTUNITY BACKS ONTO MEDLOCK VALE VIEWINGS ARE HIGHLY RECOMMENDED  Located in the ever-popular area of Droylsden this prime first time buy/family home is close to local amenities such as shops, schools, bars and transport links including being within walking distance of the Metro link network which gives excellent access into MANCHESTER City centre and the CO-OP Arena. The accommodation additionally benefits from gas central heating and PVCu double glazing. Viewings are highly recommended.

Agent Details

Edward Mellor Ltd, Droylsden

0161 524 2800

Next Steps?

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