2 Bed Terraced House, Single Let, Manchester, M35 9HH, £189,995

297 Ashton Road East, Failsworth, Manchester, M35 9HH - 1 views - 5 months ago

BTL
~68 m²
+9 photos

ValuationOvervalued

Sold Prices£93.5K - £292.5K
Sold Prices/m²£1.3K/m² - £5.3K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.8K/m²

Value Estimate

£172,897

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£47,499

Stamp Duty & Legal Fees

£7,199

Total Cash In

£54,697

 

 

Cash Out

 

Rent Range

£825 - £1,300

Rent Estimate

£831

Running Costs/mo

£780

Cashflow/mo

£51

Cashflow/yr

£613

ROI

1%

Gross Yield

5%

Local Sold Prices

50 sold prices from £93.5K to £292.5K, average is £168K. £1.3K/m² to £5.3K/m², average is £2.5K/m².

PriceDateDistanceAddressBeds 
£134K06/210.03 mi279, Ashton Road East, Failsworth, Manchester, Greater Manchester M35 9HH2
£123.4K07/230.03 mi281, Ashton Road East, Failsworth, Manchester, Greater Manchester M35 9HH2
£160K09/210.03 mi323, Ashton Road East, Failsworth, Manchester, Greater Manchester M35 9HH2
£172K09/230.03 mi44, Kingston Road, Failsworth, Manchester, Greater Manchester M35 9HJ2
£212K02/230.05 mi340, Ashton Road East, Failsworth, Manchester, Greater Manchester M35 9HF2
£147K03/230.05 mi271, Ashton Road East, Failsworth, Manchester, Greater Manchester M35 9HE2
£157.5K05/210.09 mi11, Elvira Close, Failsworth, Manchester, Greater Manchester M35 9WE2
£292.5K11/220.11 mi15, Lulworth Crescent, Failsworth, Manchester, Greater Manchester M35 9HR2
£164.5K03/210.11 mi1, Lulworth Crescent, Failsworth, Manchester, Greater Manchester M35 9HR2
£160K01/210.11 mi8, Lulworth Crescent, Failsworth, Manchester, Greater Manchester M35 9HR2
£195K09/210.11 mi4, Lulworth Crescent, Failsworth, Manchester, Greater Manchester M35 9HR2
£125K06/210.12 mi215, Ashton Road East, Failsworth, Manchester, Greater Manchester M35 9HE2
£165K07/210.14 mi88, Westminster Road, Failsworth, Manchester, Greater Manchester M35 9HW2
£195K07/230.14 mi92, Westminster Road, Failsworth, Manchester, Greater Manchester M35 9HW2
£236.3K09/210.15 mi9, Kew Road, Failsworth, Manchester, Greater Manchester M35 9LB2
£163.5K02/210.15 mi41, Kew Road, Failsworth, Manchester, Greater Manchester M35 9LB2
£215K01/230.16 mi62, Kew Road, Failsworth, Manchester, Greater Manchester M35 9LD2
£199.9K12/200.17 mi36, Richmond Road, Failsworth, Manchester, Greater Manchester M35 9HZ2
£240K01/210.21 mi7, Lime Tree Grove, Failsworth, Manchester, Greater Manchester M35 9NH2
£215K11/220.21 mi60, Hampton Road, Failsworth, Manchester, Greater Manchester M35 9JA2
£177K10/210.23 mi167, Ashton Road East, Failsworth, Manchester, Greater Manchester M35 9PP2
£219.9K11/220.23 mi5, Glenside Gardens, Failsworth, Manchester, Greater Manchester M35 9YJ2
£195K11/210.23 mi11, Brompton Avenue, Failsworth, Manchester, Greater Manchester M35 9LL2
£228K06/230.24 mi16, Glenside Gardens, Failsworth, Manchester, Greater Manchester M35 9YJ2
£220K10/220.24 mi100, Kew Road, Failsworth, Manchester, Greater Manchester M35 9LA2
£166K03/210.25 mi92, Kew Road, Failsworth, Manchester, Greater Manchester M35 9LA2
£150K06/210.3 mi64, Westminster Road, Failsworth, Manchester, Greater Manchester M35 9LQ2
£147K12/220.3 mi4, Grimshaw Avenue, Failsworth, Manchester, Greater Manchester M35 9JT2
£129.9K06/210.33 mi8, Vesper Street, Failsworth, Manchester, Greater Manchester M35 9JS2
£148K03/230.33 mi15, Vesper Street, Failsworth, Manchester, Greater Manchester M35 9JS2
£141K05/230.34 mi22, Massey Avenue, Failsworth, Manchester, Greater Manchester M35 9LG2
£152K06/210.34 mi10, Massey Avenue, Failsworth, Manchester, Greater Manchester M35 9LG2
£206K10/220.34 mi26, Hillingdon Close, Oldham, Greater Manchester OL8 3QJ2
£135K03/210.34 mi10, Hedges Street, Failsworth, Manchester, Greater Manchester M35 9JR2
£140K02/230.34 mi10, Hedges Street, Failsworth, Manchester, Greater Manchester M35 9JR2
£205K06/210.34 mi6, Marston Close, Failsworth, Manchester, Greater Manchester M35 9TJ2
£157K03/230.37 mi63, Brierley Avenue, Failsworth, Manchester, Greater Manchester M35 0RF2
£188K06/230.37 mi57, Brierley Avenue, Failsworth, Manchester, Greater Manchester M35 0RF2
£189.9K10/200.39 mi15, James Street, Failsworth, Manchester, Greater Manchester M35 9PY2
£187K06/230.4 mi20, Ravenoak Drive, Failsworth, Manchester, Greater Manchester M35 9RQ2
£174.9K11/220.4 mi62, Ravenoak Drive, Failsworth, Manchester, Greater Manchester M35 9RR2
£162K02/230.41 mi79, Ravenoak Drive, Failsworth, Manchester, Greater Manchester M35 9RR2
£240K04/210.42 mi90, Medlock Road, Failsworth, Manchester, Greater Manchester M35 9WN2
£170K10/200.42 mi20, Medlock Road, Failsworth, Manchester, Greater Manchester M35 9WN2
£152.7K04/230.43 mi88, Mersey Road North, Failsworth, Manchester, Greater Manchester M35 9LT2
£153K10/210.43 mi25, Timson Street, Failsworth, Manchester, Greater Manchester M35 9PX2
£182K06/210.44 mi39a, Medlock Road, Failsworth, Manchester, Greater Manchester M35 9WW2
£133K06/210.46 mi76, Clough Road, Failsworth, Manchester, Greater Manchester M35 0RL2
£93.5K02/210.47 mi33, Brierley Avenue, Failsworth, Manchester, Greater Manchester M35 0RG2
£170K12/220.47 mi78, Clough Road, Failsworth, Manchester, Greater Manchester M35 0RL2

Local Rents

32 rents from £825/mo to £1.3K/mo, average is £950/mo.

RentDateDistanceAddressBeds 
£99505/240.05 mi-2
£85005/240.21 miAshton Road East, Failsworth2
£1,30011/240.27 mi-2
£92501/240.34 mi-2
£90005/240.36 miAshton Road E, Failsworth , M352
£95005/240.36 miFailsworth , M352
£1,30005/240.43 miMedlock Road, Failsworth, Manchester2
£1,05006/240.45 miMedlock Road, Woodhouses, Manchester2
£85005/240.48 mi-2
£99506/240.48 mi-2
£99504/250.48 mi-2
£99506/240.48 miChurch Street, Failsworth, Manchester, M352
£89509/240.5 miJoseph Street, Failsworth, M352
£82505/240.51 miMinor Street, Failsworth, Manchester2
£82512/240.51 mi-2
£95007/240.52 miMinor Street, Failsworth, Manchester2
£95007/240.52 miMinor Street, Failsworth, Manchester2
£89503/250.53 mi-2
£1,10012/240.54 mi-2
£1,05004/250.54 mi-2
£87508/240.54 miWesley Street, Failsworth, Manchester2
£94504/250.54 mi-2
£89506/240.56 mi-2
£97503/250.57 mi-2
£89505/240.57 miWesley Street, Failsworth, Manchester2
£95005/240.57 miFrancis Street, Failsworth, Manchester, Greater Manchester, M352
£1,19511/240.58 mi-2
£90008/240.58 miWesley Street, Failsworth, Manchester2
£97503/250.59 mi-2
£1,00001/250.59 mi-2
£92503/250.59 mi-2
£89508/240.61 miJohn Street, Failsworth, Manchester2

Local Area Statistics

Population in M35

20,671

Population in Manchester

920,095

Town centre distance

5.81 miles away

Nearest school

0.20 miles away

Nearest train station

0.82 miles away

 

 

Rental growth (12m)

+90%

Sales demand

Balanced market

Capital growth (5yrs)

+27%

Property History

Price changed to £189,995

February 28, 2025

Listed for £199,950

November 11, 2024

Floor Plans

Description

  • SPACIOUS MID TERRACE PROPERTY +
  • TWO BEDROOMS +
  • KITCHEN/DINER +
  • REAR PARKING +
  • UPVC DOUBLE GLAZING +
  • GAS CENTRAL HEATING +
  • CHAIN FREE +

IDEAL FOR FIRST TIME BUYERS OR BTL INVESTORS PARKING AT REAR CHAIN FREE
McDermott & Co are pleased to bring to the market this two bedroomed spacious mid terraced property situated in sought after location and offered with no vendor chain. The property benefits from Upvc double glazing and warmed by gas central heating. Comprises of entrance porch, lounge, kitchen/diner, two bedrooms, family bathroom. Externally the property is garden fronted and at the rear it is tarmacked yard with double gates providing off road parking. In close proximity to to transport links including M60 and Daisy Nook Country Park.

Entrance Porch - 0.94m x 0.97m (3'1 x 3'2) - Tiled flooring, spotlights, neutral decor.

Lounge - 4.42m x 4.50m (14'6 x 14'9) - Front facing into bay window with wooden blinds, carpeted, radiator, fire place with surround and hearth, neutral decor.

Kitchen/Diner - 4.37m x 3.05m (14'4 x 10'0) - Rear facing, range of fitted wall and base units in White finish with complimentary wooden worktops. Inset sink and drainer with mixer taps over, built in electric oven and gas hob with extractor hood over, integrated fridge freezer, laminate flooring, radiator, wooden blinds, spotlights, lights in kickboards, under stairs storage, door leading to rear garden.

Stairs - Stairs leading to all first floor rooms, carpeted, neutral decor.

Bedroom One - `1.35m x 4.52m (`4'5 x 14'10) - Front facing, carpeted, radiator, built in wardrobes, spotlights, neutral decor.

Bedroom Two - 2.44m x 3.10m (8'0 x 10'2) - Rear facing, carpeted, radiator, neutral decor.

Family Bathroom - 1.85m x 2.21m (6'1 x 7'3) - Rear facing, three piece bathroom suite in white comprising sink and toilet, shower over bath, heated chrome towel rail, spotlights, fully tiled walls, vinyl flooring.

Externally - There is a front garden with paved path and stone area and at the rear is tarmacked garden with double gates providing off road parking.

Tenure - We await this information from the vendor.

Stamp Duty - Residential property rates
You usually pay Stamp Duty Land Tax (SDLT) on increasing portions of the property price when you buy residential property, for example a house or flat.
The amount you pay depends on:
•when you bought the property
•how much you paid for it
•whether you’re eligible for relief or an exemption
Rates for a single property
You pay SDLT at these rates if, after buying the property, it is the only residential property you own. You usually pay 5% on top of these rates if you own another residential property.
Rates up to 31 March 2025
Property or lease premium or transfer valueSDLTrate
Up to £250,000Zero
The next £675,000 (the portion from £250,001 to £925,000)5%
The next £575,000 (the portion from £925,001 to £1.5 million)10%
The remaining amount (the portion above £1.5 million)12%
Example
In October 2024 you buy a house for £295,000. The SDLT you owe will be calculated as follows:
•0% on the first £250,000 = £0
•5% on the final £45,000 = £2,250
•total SDLT = £2,250
Rates from 1 April 2025
Property or lease premium or transfer valueSDLTrate
Up to £125,000Zero
The next £125,000 (the portion from £125,001 to £250,000)2%
The next £675,000 (the portion from £250,001 to £925,000)5%
The next £575,000 (the portion from £925,001 to £1.5 million)10%
The remaining amount (the portion above £1.5 million)12%
Example
In April 2025 you buy a house for £295,000. The SDLT you owe will be calculated as follows:
•0% on the first £125,000 = £0
•2% on the second £125,000 = £2,500
•5% on the final £45,000 = £2,250
•total SDLT = £4,750

Agent Details

Mcdermott & Co Property Agents, Failsworth

0161 524 3146

Next Steps?

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