3 Bed Terraced House, Single Let, Manchester, M35 9HG, £200,000

Glenmore Drive, Failsworth, Manchester, Greater Manchester, M35 9HG - 4 months ago

Sold STC
Leasehold
BTL
ROI: 5%
~93 m²
+11 photos

ValuationUndervalued

Sold Prices£124K - £310K
Sold Prices/m²£1.8K/m² - £4K/m²

 

 

Square Metres

~93 m²
Price/m²£2.2K/m²

Value Estimate

£231,091
BMV16%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£50,000

Stamp Duty & Legal Fees

£7,200

Total Cash In

£57,200

 

 

Cash Out

 

Rent Range

£1,050 - £1,800

Rent Estimate

£1,100

Running Costs/mo

£865

Cashflow/mo

£235

Cashflow/yr

£2,820

ROI

5%

Gross Yield

7%

Local Sold Prices

50 sold prices from £124K to £310K, average is £195K. £1.8K/m² to £4K/m², average is £2.5K/m².

PriceDateDistanceAddressBeds 
£173.5K02/210 mi61, Glenmore Drive, Failsworth, Manchester, Greater Manchester M35 9HG3
£138.5K06/210.02 mi72, Glenmore Drive, Failsworth, Manchester, Greater Manchester M35 9HP3
£174.9K01/210.05 mi81, Westminster Road, Failsworth, Manchester, Greater Manchester M35 9HN3
£169.9K03/230.07 mi6, Glenmore Drive, Failsworth, Manchester, Greater Manchester M35 9HP3
£252K11/220.08 mi36, Landsberg Road, Failsworth, Manchester, Greater Manchester M35 9LR3
£187K06/230.12 mi111, Westminster Road, Failsworth, Manchester, Greater Manchester M35 9HL3
£151K01/210.12 mi130, Westminster Road, Failsworth, Manchester, Greater Manchester M35 9HL3
£215K07/210.12 mi7, Landsberg Road, Failsworth, Manchester, Greater Manchester M35 9LR3
£200K01/230.12 mi47, Landsberg Road, Failsworth, Manchester, Greater Manchester M35 9LR3
£230K03/210.12 mi32, Landsberg Road, Failsworth, Manchester, Greater Manchester M35 9LR3
£209.9K08/230.13 mi16, Verdure Close, Failsworth, Manchester, Greater Manchester M35 9HQ3
£178K06/210.13 mi12, Verdure Close, Failsworth, Manchester, Greater Manchester M35 9HQ3
£173K08/210.13 mi6, Verdure Close, Failsworth, Manchester, Greater Manchester M35 9HQ3
£216K05/210.16 mi42, Richmond Road, Failsworth, Manchester, Greater Manchester M35 9HZ3
£205K07/230.19 mi2, Belgrave Avenue, Failsworth, Manchester, Greater Manchester M35 9LN3
£202K09/200.19 mi9, Hillingdon Close, Oldham, Greater Manchester OL8 3QJ3
£135K08/210.2 mi5, Elvira Close, Failsworth, Manchester, Greater Manchester M35 9WE3
£240K03/230.2 mi17, Richmond Road, Failsworth, Manchester, Greater Manchester M35 9HZ3
£220K01/210.21 mi18, Argyll Close, Failsworth, Manchester, Greater Manchester M35 9WD3
£165K05/230.21 mi11, Windsor Avenue, Failsworth, Manchester, Greater Manchester M35 9LW3
£153K01/210.22 mi13, Massey Avenue, Failsworth, Manchester, Greater Manchester M35 9LG3
£124K12/200.22 mi4, Massey Avenue, Failsworth, Manchester, Greater Manchester M35 9LG3
£175K05/210.22 mi3, Argyll Park Road, Failsworth, Manchester, Greater Manchester M35 9NE3
£225K06/210.22 mi27, Hampton Road, Failsworth, Manchester, Greater Manchester M35 9HU3
£235K12/210.23 mi2, Lambeth Avenue, Failsworth, Manchester, Greater Manchester M35 9LJ3
£227K03/230.25 mi62, Argyll Park Road, Failsworth, Manchester, Greater Manchester M35 9NF3
£145K04/210.25 mi26, Argyll Park Road, Failsworth, Manchester, Greater Manchester M35 9NF3
£234.9K06/210.25 mi4, Kingston Road, Failsworth, Manchester, Greater Manchester M35 9JD3
£182K03/210.25 mi36, Kew Road, Failsworth, Manchester, Greater Manchester M35 9LD3
£278K12/220.29 mi112, Kew Road, Failsworth, Manchester, Greater Manchester M35 9LA3
£187K04/210.29 mi89, Kew Road, Failsworth, Manchester, Greater Manchester M35 9LA3
£196.5K11/220.31 mi42, Woodford Road, Failsworth, Manchester, Greater Manchester M35 9JU3
£164K10/200.32 mi45, Holt Lane, Failsworth, Manchester, Greater Manchester M35 9QG3
£183K11/200.33 mi37, Sycamore Grove, Failsworth, Manchester, Greater Manchester M35 9NB3
£187.5K06/210.34 mi19, Alexander Avenue, Failsworth, Manchester, Greater Manchester M35 9JX3
£305K07/220.35 mi2, Holt Lane Mews, Failsworth, Manchester, Greater Manchester M35 9QH3
£170K02/210.36 mi67, Clifton Street, Failsworth, Manchester, Greater Manchester M35 9EF3
£160K10/200.36 mi65, Clifton Street, Failsworth, Manchester, Greater Manchester M35 9EF3
£278K08/230.36 mi67, Clifton Street, Failsworth, Manchester, Greater Manchester M35 9EF3
£190K11/210.36 mi131, Roman Road, Failsworth, Manchester, Greater Manchester M35 9JY3
£195K06/210.36 mi119, Roman Road, Failsworth, Manchester, Greater Manchester M35 9JY3
£222.5K11/220.37 mi24, Stansfield Road, Failsworth, Manchester, Greater Manchester M35 9EA3
£195K09/210.38 mi42, Clifton Street, Failsworth, Manchester, Greater Manchester M35 9EE3
£210K09/210.38 mi2, Elm Tree Close, Failsworth, Manchester, Greater Manchester M35 9NA3
£285K05/230.38 mi14, Elm Tree Close, Failsworth, Manchester, Greater Manchester M35 9NA3
£170K05/210.38 mi15, Elm Tree Close, Failsworth, Manchester, Greater Manchester M35 9NA3
£310K12/210.38 mi23, Elm Tree Close, Failsworth, Manchester, Greater Manchester M35 9NA3
£285K11/220.38 mi3, Grimshaw Avenue, Failsworth, Manchester, Greater Manchester M35 9JT3
£172K04/210.39 mi26, Stansfield Road, Failsworth, Manchester, Greater Manchester M35 9EA3
£235K11/220.39 mi397, Roman Road, Oldham, Greater Manchester OL8 3PY3

Local Rents

29 rents from £1.1K/mo to £1.8K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,10005/240.04 miGlenmore Drive, Failsworth3
£1,10008/240.23 miAshton Road East, Failsworth, Manchester3
£1,30009/240.23 mi-3
£1,25003/250.26 mi-3
£1,29503/250.31 mi-3
£1,25003/250.4 mi-3
£1,40008/240.41 miClifton Street, Failsworth, Manchester, Greater Manchester, M353
£1,20008/240.42 mi-3
£1,20008/240.42 miAshton Road East, Manchester, M353
£1,20002/250.42 mi-3
£1,39805/240.45 miMarston Close, Failsworth, Manchester, Greater Manchester, M353
£1,15008/240.47 miMinor Street, Failsworth, Manchester, M35 9EL3
£1,50006/240.49 miAshton Road, Failsworth, Manchester3
£1,20001/250.49 mi-3
£1,30005/240.52 miMedlock Road, Woodhouses3
£1,25011/240.53 mi-3
£1,80007/240.53 miTatchbury Road, Failsworth, Manchester3
£1,80007/240.53 miTatchbury Road, Failsworth, Manchester3
£1,24502/250.55 mi-3
£1,40005/240.55 miPaulden Drive, Manchester, M353
£1,40005/240.55 miPaulden Drive, Many, M353
£1,40006/240.55 mi-3
£1,40002/250.55 mi-3
£1,30002/250.55 mi-3
£1,30002/250.55 mi-3
£1,35012/240.59 mi-3
£1,27505/240.6 miByron Terrace, Partington Street, Failsworth3
£1,05006/240.61 mi-3
£1,09511/240.62 mi-3

Local Area Statistics

Population in M35

20,671

Population in Manchester

920,095

Town centre distance

6 miles away

Nearest school

0.20 miles away

Nearest train station

0.71 miles away

 

 

Rental growth (12m)

+90%

Sales demand

Balanced market

Capital growth (5yrs)

+27%

Property History

Listed for £200,000

November 11, 2024

Sold for £117,000

2019

Sold for £48,000

1999

Floor Plans

Description

  • LEASEHOLD 999yrs from 1959 +
  • GROUND RENT £7.10 P/A +
  • TAX BAND A | EPC C +
  • EXTENDED TERRACE +
  • THREE BEDROOMS +
  • DRIVEWAY AND GARDENS +
  • IDEAL FOR FIRST TIME BUYERS +
  • READY TO MOVE INTO +
  • VERSATILE LOFT SPACE +

A superbly presented three bedroom terraced with driveway parking and a lovely rear garden offering the ideal home for first time buyers. EPC - C

Offered for sale in a move in ready condition, this extended three bedroom terraced is the ideal starter home!

Located on Glenmore Drive, a lovely street in the much sought after town of Failsworth, the property boasts driveway parking to the front with an enclosed back garden with lawns and decking.

Internally, you will find a tastefully appointed interior with bright, modern decor waiting for prospective buyers to put their own stamp on. To the ground floor, there is a welcoming entrance hall leading into a good sized lounge with bay-window and a feature fireplace. To the rear is the extended kitchen and dining space with some handy store space beneath the stairs.

To the first floor you will find three superbly proportioned bedrooms - two doubles and a good sized single - with a modern three piece shower room completing the first floor. Finally, with pull-down ladder access, there is a versatile loft space with Velux windows.

Enjoying close proximity to an abundance of amenities, the property is close to excellent commuter links with the nearest junction for the M60 and nearest Metrolink station within less than 1 mile while well-regarded schools are easily accessible including Co-op Academy Failsworth. There are plenty of local shops and amenities nearby, as well as popular outdoor spots including Daisy Nook Country Park.

Agent Details

Ryder & Dutton, Chadderton

0161 524 3010

Next Steps?

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