2 Bed Flat, Single Let, Worsley, M28 3ST, £90,000
12 Worsley Gardens, Mountain Street, Worsley, M28 3ST - 4 views - 6 months ago
Leasehold
BTL
ROI: 14%
53 m²





+16 photos
ValuationUndervalued
Sold Prices | £75K - £187K |
Sold Prices/m² | £1.4K/m² - £3.1K/m² |
| |
Square Metres | 53 m² |
Price/m² | £1.7K/m² |
Value Estimate | £96,000 |
BMV | 7% |
Cashflows
Cash In | |
Purchase Finance | Mortgage |
Deposit (25%) | £22,500 |
Stamp Duty & Legal Fees | £3,900 |
Total Cash In | £26,400 |
| |
Cash Out | |
Rent Range | £750 - £1,100 |
Rent Estimate | £750 |
Running Costs/mo | £451 |
Cashflow/mo | £299 |
Cashflow/yr | £3,585 |
ROI | 14% |
Gross Yield | 10% |
Local Sold Prices
30 sold prices from £75K to £187K, average is £99.5K. £1.4K/m² to £3.1K/m², average is £1.8K/m².
Local Rents
50 rents from £750/mo to £1.1K/mo, average is £925/mo.
Local Area Statistics
Population in M28 | 39,097 |
Town centre distance | 0.95 miles away |
Nearest school | 0.30 miles away |
Nearest train station | 0.74 miles away |
| |
Rental demand | Landlord's market |
Rental growth (12m) | +15% |
Sales demand | Balanced market |
Capital growth (5yrs) | +31% |
Property History
Listed for £90,000
November 5, 2024
Floor Plans

Description
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