2 Bed Terraced House, Single Let, Manchester, M22 1HS, £225,000

5 Lambourne Close, Manchester, Greater Manchester, M22 1HS - 2 views - 5 months ago

Sold STC
Leasehold
BTL
ROI: 1%
80 m²
+10 photos

ValuationUndervalued

Sold Prices£137.5K - £345K
Sold Prices/m²£1.7K/m² - £4.7K/m²

 

 

Square Metres

79.80 m²
Price/m²£2.8K/m²

Value Estimate

£249,277
BMV11%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£56,250

Stamp Duty & Legal Fees

£7,950

Total Cash In

£64,200

 

 

Cash Out

 

Rent Range

£900 - £2,100

Rent Estimate

£1,000

Running Costs/mo

£923

Cashflow/mo

£77

Cashflow/yr

£923

ROI

1%

Gross Yield

5%

Local Sold Prices

30 sold prices from £137.5K to £345K, average is £187.5K. £1.7K/m² to £4.7K/m², average is £3.1K/m².

PriceDateDistanceAddressBeds 
£188.4K06/210.05 mi30, Beaford Road, Manchester, Greater Manchester M22 0AG2
£173K05/210.05 mi50, Beaford Road, Manchester, Greater Manchester M22 0AG2
£156K03/230.22 mi57, Staithes Road, Manchester, Greater Manchester M22 0HE2
£195K09/230.47 mi31, Ashmoor Road, Manchester, Greater Manchester M22 0FD2
£147.5K10/200.51 mi22, Coxton Road, Manchester, Greater Manchester M22 0FA2
£188K07/230.51 mi48, Coxton Road, Manchester, Greater Manchester M22 0FA2
£197.5K06/210.53 mi37, Hatchett Road, Manchester, Greater Manchester M22 0ED2
£185K11/220.53 mi6, Somerby Drive, Manchester, Greater Manchester M22 1PL2
£157.5K11/200.58 mi11, Ruddpark Road, Manchester, Greater Manchester M22 0FH2
£245K12/220.6 mi8, Barnclose Road, Manchester, Greater Manchester M22 1NE2
£137.5K02/210.64 mi33, Kingsgate Road, Manchester, Greater Manchester M22 1TW2
£160K01/210.7 mi16, Hockenhull Close, Manchester, Greater Manchester M22 5TF2
£210K10/200.74 mi16, Storeton Close, Manchester, Greater Manchester M22 5SS2
£240K01/230.74 mi16, Storeton Close, Manchester, Greater Manchester M22 5SS2
£195K06/210.75 mi3, Litherland Avenue, Manchester, Greater Manchester M22 5LD2
£185K11/200.75 mi32, Litherland Avenue, Manchester, Greater Manchester M22 5LD2
£205K05/230.77 mi191, Portway, Manchester, Greater Manchester M22 1SL2
£230K03/230.8 mi86, Haslington Road, Manchester, Greater Manchester M22 5HU2
£269.9K06/230.8 mi72, Haslington Road, Manchester, Greater Manchester M22 5HU2
£190K06/210.8 mi132, Haslington Road, Manchester, Greater Manchester M22 5HU2
£158K02/210.81 mi123, Haslington Road, Manchester, Greater Manchester M22 5HR2
£150K06/210.82 mi27, Harry Rowley Close, Manchester, Greater Manchester M22 1HY2
£264K03/240.83 mi77, Haslington Road, Manchester, Greater Manchester M22 5HT2
£180K02/210.83 mi101, Haslington Road, Manchester, Greater Manchester M22 5HT2
£165K03/210.88 mi3, Thirlmere Road, Wythenshawe, Manchester, Greater Manchester M22 1NA2
£181K04/230.88 mi13, Thirlmere Road, Wythenshawe, Manchester, Greater Manchester M22 1NA2
£193.5K04/230.88 mi27, Thirlmere Road, Wythenshawe, Manchester, Greater Manchester M22 1NA2
£182.5K03/230.89 mi72, Ullswater Road, Wythenshawe, Manchester, Greater Manchester M22 1TQ2
£345K08/230.9 mi28, Daisy Bank Lane, Heald Green, Cheadle, Greater Manchester SK8 3UB2
£187K11/200.99 mi108, Ullswater Road, Wythenshawe, Manchester, Greater Manchester M22 1TQ2

Local Rents

16 rents from £900/mo to £2.1K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,15002/250.04 mi-2
£1,00007/230.08 mi-2
£1,10009/240.09 mi-2
£1,10012/240.09 mi-2
£1,10010/240.09 mi-2
£1,20005/240.1 miHazelwood Road, Wythenshawe, Manchester, Greater Manchester, M222
£1,15009/230.11 mi-2
£92506/240.25 miTemple Apartments, Cornishway, Wythenshawe, M222
£1,25005/240.26 mi-2
£1,25006/240.38 miKerris Close, Manchester, Greater Manchester, M222
£90003/250.4 mi-2
£1,00005/240.44 miAshmoor Road, Manchester, M222
£1,10005/240.51 miCoxton Road, Manchester, M222
£2,10005/240.55 mi-2
£95004/250.56 mi-2
£1,25005/240.61 miPortway, Wythenshawe, Manchester, M222

Local Area Statistics

Population in M22

42,201

Population in Manchester

920,095

Town centre distance

6.18 miles away

Nearest school

0.40 miles away

Nearest train station

0.61 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+11%

Sales demand

Seller's market

Capital growth (5yrs)

+52%

Property History

Listed for £225,000

November 12, 2024

Sold for £130,000

2010

Sold for £121,950

2006

Floor Plans

Description

  • Attractive Two Double Bedroom Mid Mews Modern Family Home +
  • Ideally Set Back Within a Secure Gated Development +
  • Deceptively Spacious Interior +
  • New Worcester-Bosch Combi-boiler fitted +
  • EPC rating C +
  • No Chain Vendor +
  • Close Links to Wythenshawe Hospital +
  • Walking Distance to Manchester Airport and Metrolink Tram Stop +

This is a most desirable opportunity to secure a modern mews family home, attractively set within a secure gated development in a quiet location. Priced at £225,000, this two-bedroom and two-bathroom property nestled in Lambourne Close, Moss Nook, Manchester, is ideally suited for families and professionals alike. Given its no chain status and in good condition, this property offers ease of transition and a hassle-free moving experience.

This mid-mews property showcases an enticing deceptively spacious interior layout, providing comfort and functionality. On entering, you are immediately met by its welcoming charm. The property boasts two generously sized double bedrooms, perfect for families or the professional seeking some additional working space.

Efficient and well-appointed, the house is fitted with a new Worcester-Bosch combi-boiler and boasts an impressive EPC rating of C. This ensures cost-effective heating and low energy bills. The reception room, with its warm and welcoming demeanour, makes it an ideal environment for both relaxation and entertainment.

Strategically situated, this property is conveniently located within a walking distance to key amenities. Just a short stroll away, you will find Manchester Airport, perfect for those who travel frequently for business or pleasure. Furthermore, the close-by Metrolink tram stop provides excellent commuting options to various parts of the city.

In conclusion, this dwelling represents modern living at its finest, placed within one of Manchester's most sought-after locations. Offering a blend of convenience, style and comfort; this property is more than just a home - it is a lifestyle choice.

Tenure - Leasehold 999 years from 1st January 2004

Last Five Year Service Charge PA - 2023/24 - £108.85
2022/23 - £93.08
2021/22 - £170.89
2020/21 - £75.87
2019/20 - £54.19

Ground Rent - £150 PA

Agent Details

Bergins Estate Agents, Manchester

0161 524 6967

Next Steps?

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