3 Bed Terraced House, Single Let, Manchester, M18 8QP, £160,000

10 Walmer Street, Manchester, Greater Manchester, M18 8QP - 2 views - 5 months ago

Sold STC
BTL
ROI: 7%
75 m²
+7 photos

ValuationOvervalued

Sold Prices£85K - £240K
Sold Prices/m²£1K/m² - £3.4K/m²

 

 

Square Metres

75 m²
Price/m²£2.1K/m²

Value Estimate

£145,070

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£40,000

Stamp Duty & Legal Fees

£6,000

Total Cash In

£46,000

 

 

Cash Out

 

Rent Range

£950 - £1,700

Rent Estimate

£964

Running Costs/mo

£713

Cashflow/mo

£251

Cashflow/yr

£3,014

ROI

7%

Gross Yield

7%

Local Sold Prices

50 sold prices from £85K to £240K, average is £162.3K. £1K/m² to £3.4K/m², average is £1.9K/m².

PriceDateDistanceAddressBeds 
£157K08/230.01 mi5, Walmer Street, Abbey Hey, Manchester, Greater Manchester M18 8QP3
£148K03/230.01 mi18, Walmer Street, Abbey Hey, Manchester, Greater Manchester M18 8QP3
£110K11/200.04 mi47, Constable Street, Manchester, Greater Manchester M18 8QQ3
£163.5K02/210.04 mi78, Longford Street, Manchester, Greater Manchester M18 8GQ3
£145K06/230.04 mi30, Longford Street, Manchester, Greater Manchester M18 8GQ3
£168K11/230.04 mi5, Welbeck Street, Manchester, Greater Manchester M18 8GW3
£130K12/200.04 mi17, Welbeck Street, Manchester, Greater Manchester M18 8GW3
£155K04/240.06 mi42, Constable Street, Manchester, Greater Manchester M18 8QJ3
£130K02/230.1 mi145, Lees Street, Abbey Hey, Manchester, Greater Manchester M18 8QL3
£195K10/210.13 mi39, Annable Road, Manchester, Greater Manchester M18 8QR3
£124K10/200.13 mi17, Elsdon Drive, Manchester, Greater Manchester M18 8WG3
£160K03/210.13 mi13, Elsdon Drive, Manchester, Greater Manchester M18 8WG3
£151K02/240.13 mi9, Pinnington Road, Manchester, Greater Manchester M18 8NR3
£155K01/240.14 mi30, Pinnington Road, Manchester, Greater Manchester M18 8WR3
£116K01/210.16 mi42, Long Street, Manchester, Greater Manchester M18 8QT3
£225K10/220.16 mi1, Beeth Street, Manchester, Greater Manchester M11 1NP3
£195K11/230.16 mi14, Franklyn Road, Manchester, Greater Manchester M18 8QX3
£166K04/230.16 mi212, Chapman Street, Manchester, Greater Manchester M18 8WQ3
£107.5K11/210.19 mi42, Godwin Street, Manchester, Greater Manchester M18 8GS3
£155K11/200.19 mi229, Chapman Street, Manchester, Greater Manchester M18 8WP3
£184K08/210.19 mi249, Chapman Street, Manchester, Greater Manchester M18 8NG3
£166K03/230.2 mi12, Wellesley Avenue, Manchester, Greater Manchester M18 8WJ3
£160K11/210.2 mi36, Carberry Road, Manchester, Greater Manchester M18 8PG3
£178K04/240.2 mi50, Carberry Road, Manchester, Greater Manchester M18 8PG3
£105K10/200.2 mi58, Carberry Road, Manchester, Greater Manchester M18 8PG3
£232K09/220.2 mi38, Paprika Close, Manchester, Greater Manchester M11 2LS3
£145K02/210.21 mi22, Field Street, Manchester, Greater Manchester M18 8GT3
£161K02/230.21 mi2, Hawthorn Street, Manchester, Greater Manchester M18 8PT3
£112K10/210.21 mi21, Alvan Square, Manchester, Greater Manchester M11 1WU3
£175K02/230.22 mi160, Chapman Street, Manchester, Greater Manchester M18 8LZ3
£240K08/240.22 mi8, Aysgarth Avenue, Manchester, Greater Manchester M18 8RA3
£185K04/210.22 mi34, Paprika Close, Manchester, Greater Manchester M11 2LS3
£185K02/230.22 mi18, Seddon Avenue, Manchester, Greater Manchester M18 8NW3
£85K12/220.23 mi373, Abbey Hey Lane, Abbey Hey, Manchester, Greater Manchester M18 8RB3
£117K11/200.23 mi8, Reed Street, Manchester, Greater Manchester M18 8JT3
£180K10/200.23 mi11, Louvaine Close, Manchester, Greater Manchester M18 8SJ3
£232K03/240.24 mi1, Redacre Road, Manchester, Greater Manchester M18 8RU3
£210K05/240.24 mi3, Redacre Road, Manchester, Greater Manchester M18 8RU3
£230K05/230.24 mi15, Redacre Road, Manchester, Greater Manchester M18 8RU3
£232K03/240.24 mi5, Redacre Road, Manchester, Greater Manchester M18 8RU3
£154K02/210.24 mi138, Chapman Street, Manchester, Greater Manchester M18 8LZ3
£170K10/230.24 mi4, Winfield Drive, Manchester, Greater Manchester M18 8NQ3
£180K09/230.25 mi37, Seddon Avenue, Manchester, Greater Manchester M18 8NW3
£173K06/240.25 mi31, Seddon Avenue, Manchester, Greater Manchester M18 8NW3
£170K09/230.25 mi3, Seddon Avenue, Manchester, Greater Manchester M18 8NW3
£140K04/230.25 mi25, Seddon Avenue, Manchester, Greater Manchester M18 8NW3
£173K09/230.26 mi36, Kirkham Avenue, Manchester, Greater Manchester M18 8WN3
£218K01/230.27 mi1, Reynolds Drive, Manchester, Greater Manchester M18 8NJ3
£155K11/200.27 mi2, Reynolds Drive, Manchester, Greater Manchester M18 8NJ3
£142K02/230.28 mi24, Claymore Street, Manchester, Greater Manchester M18 8SP3

Local Rents

41 rents from £950/mo to £1.7K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,30005/240.01 miWalmer Street, Abbey Hey, Manchester3
£99505/240.04 miLongford Street, Manchester, Greater Manchester, M183
£1,15006/240.04 miWelbeck Street, Manchester, M183
£1,40005/240.05 mi-3
£1,40003/250.05 mi-3
£1,15005/240.05 miLongford Street, M183
£1,40012/240.07 mi-3
£1,20001/250.11 mi-3
£1,25005/240.15 miHollybush Street, Manchester, M183
£1,20005/240.19 miAysgarth Avenue, Abbey Hey3
£1,25005/240.2 miAysgarth Avenue, Manchester, M183
£1,20005/240.2 miCarberry Road, Gorton, Manchester, M183
£95005/240.21 miCarberry Road, Gorton3
£1,30005/240.22 mi-3
£1,27505/240.24 miWistaria Road, Manchester, M183
£1,27512/240.24 mi-3
£1,19505/240.26 miReynolds Drive, Manchester, M183
£1,15012/240.26 mi-3
£1,39505/240.26 mi-3
£1,50012/240.27 mi-3
£1,50002/250.27 mi-3
£1,15012/240.32 mi-3
£1,10012/240.33 mi-3
£1,60001/250.33 mi-3
£1,00005/240.33 mi Sheerness Street, Gorton, M183
£1,40002/250.33 mi-3
£1,20004/240.34 mi-3
£1,19506/240.35 miJetson Street, Abbey Hey, M18 8SZ3
£1,20002/250.36 mi-3
£1,25012/240.39 mi-3
£96012/240.39 mi-3
£1,70005/240.4 mi-3
£1,70005/240.4 mi-3
£1,50012/240.4 mi-3
£1,50003/250.41 mi-3
£1,20010/240.43 mi-3
£1,25001/250.45 mi-3
£1,19512/240.45 mi-3
£1,05012/240.5 mi-3
£1,50012/240.57 mi-3
£1,55001/250.61 mi-3

Local Area Statistics

Population in M18

23,432

Population in Manchester

920,095

Town centre distance

3.56 miles away

Nearest school

0.20 miles away

Nearest train station

0.11 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+69%

Sales demand

Seller's market

Capital growth (5yrs)

+74%

Property History

Listed for £160,000

November 4, 2024

Sold for £73,000

2009

Sold for £78,000

2007

Floor Plans

Description

  • No Vendor Chain +

  • Council Tax Band A +

  • Open Plan Living Space +

  • Close to Gorton Train Station +

  • Freehold +

NO VENDOR CHAIN This CHARMING three-bedroom terraced home offers a FANTASTIC OPPORTUNITY for FIRST-TIME BUYERS or BUY TO LET INVESTORS. Ideally situated close to Gorton Train Station, local amenities, and within the catchment area for highly regarded schools, this property is perfect for convenient and comfortable living. APPROX 750 SQ.FT. In brief the accommodation comprises; to the ground floor, a welcoming entrance hallway, a spacious open-plan lounge and dining area perfect for entertaining, and a well-appointed separate kitchen. Upstairs, the first floor comprises three generously sized bedrooms and a modern family bathroom with a matching bathtub, washbasin, and WC. Externally, the property benefits from a paved, low-maintenance rear courtyard. With no onward chain, early viewing is highly recommended to appreciate all that this home has to offer!

Agent Details

Mitchell Williams, Cheadle

0161 491 2709

Next Steps?

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