2 Bed Flat, Single Let, Manchester, M35 0LF, £125,000

8 Metro House, Hardman Lane, Manchester, M35 0LF - 2 views - 4 months ago

Sold STC
Leasehold
BTL
ROI: 6%
57 m²
+3 photos

ValuationOvervalued

Sold Prices£86.5K - £272.5K
Sold Prices/m²£1.5K/m² - £3K/m²

 

 

Square Metres

57 m²
Price/m²£2.2K/m²

Value Estimate

£102,170

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£31,250

Stamp Duty & Legal Fees

£4,950

Total Cash In

£36,200

 

 

Cash Out

 

Rent Range

£675 - £1,250

Rent Estimate

£725

Running Costs/mo

£556

Cashflow/mo

£169

Cashflow/yr

£2,033

ROI

6%

Gross Yield

7%

Local Sold Prices

21 sold prices from £86.5K to £272.5K, average is £125K. £1.5K/m² to £3K/m², average is £1.9K/m².

PriceDateDistanceAddressBeds 
£115K01/220.03 mi4, Station Mews, Failsworth, Manchester, Greater Manchester M35 0GY2
£106K07/230.03 mi29a, Hardman Lane, Failsworth, Manchester, Greater Manchester M35 0DL2
£132.4K06/220.22 mi6, Ben Brierley Wharf, Failsworth, Manchester, Greater Manchester M35 9QY2
£125K10/220.22 mi41, Ben Brierley Wharf, Failsworth, Manchester, Greater Manchester M35 9QY2
£136K06/230.22 mi11, Ben Brierley Wharf, Failsworth, Manchester, Greater Manchester M35 9QY2
£139.9K06/230.22 mi21, Ben Brierley Wharf, Failsworth, Manchester, Greater Manchester M35 9QY2
£136K09/220.22 mi4, Ben Brierley Wharf, Failsworth, Manchester, Greater Manchester M35 9QY2
£130K04/230.22 mi55, Ben Brierley Wharf, Failsworth, Manchester, Greater Manchester M35 9QY2
£105K06/220.22 mi39, Ben Brierley Wharf, Failsworth, Manchester, Greater Manchester M35 9QY2
£115K01/220.23 mi11, Mitchells Quay, Failsworth, Manchester, Greater Manchester M35 0QD2
£124.5K02/220.4 mi2, Culross Avenue, Manchester, Greater Manchester M40 3SD2
£215K07/210.6 mi5, Lindrick Close, Manchester, Greater Manchester M40 3WB2
£107K07/210.71 mi79, Crammond Close, Manchester, Greater Manchester M40 1PL2
£86.5K12/200.71 mi73, Crammond Close, Manchester, Greater Manchester M40 1PL2
£130K09/210.72 mi65, Abbeydale Road, Manchester, Greater Manchester M40 0AJ2
£137K09/210.74 mi16, Worthington Street, Moston, Manchester, Greater Manchester M40 0BB2
£156K02/220.75 mi16, Clapham Street, Manchester, Greater Manchester M40 0BA2
£272.5K06/210.87 mi19, Kingston Road, Failsworth, Manchester, Greater Manchester M35 9HS2
£95K09/230.91 mi16l, Blueberry Avenue, Manchester, Greater Manchester M40 0GF2
£95K08/230.91 mi16k, Blueberry Avenue, Manchester, Greater Manchester M40 0GF2
£93K08/220.91 mi2c, Blueberry Avenue, Manchester, Greater Manchester M40 0GF2

Local Rents

51 rents from £675/mo to £1.3K/mo, average is £970/mo.

RentDateDistanceAddressBeds 
£67508/240 miMetro House, Failsworth, Manchester2
£72509/240.03 mi-2
£87505/240.04 mi-2
£87505/240.04 miOld Road, Failsworth, Manchester, M352
£90005/240.04 miOld Road, Failsworth, Manchester2
£95005/240.06 miLancaster Avenue, Manchester, Greater Manchester, M352
£95005/240.06 mi-2
£1,20005/240.07 miAsh Street, Failsworth, Manchester, M352
£80006/240.08 mi-2
£80005/240.08 miOldham Road, Oldham, M352
£1,10011/240.09 mi-2
£1,10011/240.09 mi-2
£1,10007/240.09 mi-2
£1,10006/240.09 miMather Street, Failsworth, Manchester, M352
£82505/240.09 miAldred Street, Failsworth , Manchester2
£89503/250.1 mi-2
£82506/240.11 miGrimshaw Street, Failsworth2
£1,15007/240.11 miPrincess Street, Failsworth, Manchester, M352
£1,05001/250.13 mi-2
£1,05003/250.14 mi-2
£87508/240.14 miOld Road, Manchester, Greater Manchester, M352
£1,02505/240.15 mi-2
£1,05003/250.15 mi-2
£99003/250.24 mi-2
£1,25001/250.25 mi-2
£97511/240.26 mi-2
£97501/250.26 mi-2
£97501/250.26 mi-2
£87503/250.27 mi-2
£90005/240.27 miHulton Street, Failsworth, Manchester, Greater Manchester, M352
£1,00001/250.27 mi-2
£97503/250.28 mi-2
£90008/240.28 mi-2
£1,00007/240.28 mi-2
£98007/240.28 mi-2
£98007/240.28 miDensmore Street, Failsworth, Manchester, M352
£95005/240.28 miFrancis Street, Failsworth, Manchester, Greater Manchester, M352
£1,19511/240.29 mi-2
£85005/240.29 mi-2
£85005/240.29 miBrookdale Street, Failsworth, Manchester, M352
£99512/240.29 mi-2
£92508/240.3 miDovedale Street, Failsworth, Manchester2
£89509/240.3 miDovedale Street, Failsworth, Manchester2
£1,05008/240.31 miBrookdale Street, Manchester2
£89506/240.31 mi-2
£94503/250.33 mi-2
£1,17508/240.36 miDuke, 160 Oldham Road, Failsworth2
£1,10011/240.41 mi-2
£85005/240.41 mi-2
£89509/240.41 miJoseph Street, Failsworth, M352
£97010/240.42 mi-2

Local Area Statistics

Population in M35

20,671

Population in Manchester

920,095

Town centre distance

5.24 miles away

Nearest school

0.20 miles away

Nearest train station

0.03 miles away

 

 

Rental growth (12m)

+90%

Sales demand

Balanced market

Capital growth (5yrs)

+27%

Property History

Listed for £125,000

November 15, 2024

Floor Plans

Description

  • Two Good Size Bedrooms +
  • Ample Storage +
  • Open Plan Lounge/Dining Room +
  • Allocated Parking +
  • Convenient Residential Location +
  • Sought After Area +

The Property
8 Metro House, Hardman Lane, Manchester, M35 0LF - Modern 2-Bedroom Apartment

A stylish and well-presented two-bedroom apartment in the sought-after area of Failsworth. Located in Metro House, this property offers comfortable living with two spacious bedrooms, a modern open-plan kitchen and living area, and a contemporary bathroom. Ideal for professionals, first-time buyers, or investors, this apartment is conveniently close to local amenities, transport links, and the vibrant city center. Don’t miss out on this fantastic opportunity—schedule a viewing today!

Property ownership information

Ground rent review period: No review period

Service charge review period: No review period

Lease end date: 13/11/2224

Property Description Disclaimer

This is a general description of the property only, and is not intended to constitute part of an offer or contract. It has been verified by the seller(s), unless marked as 'draft'. Purplebricks conducts some valuations online and some of our customers prepare their own property descriptions, so if you decide to proceed with a viewing or an offer, please note this information may have been provided solely by the vendor, and we may not have been able to visit the property to confirm it. If you require clarification on any point then please contact us, especially if you’re traveling some distance to view. All information should be checked by your solicitor prior to exchange of contracts. Successful buyers will be required to complete anti-money laundering checks. Our partner, Lifetime Legal Limited, will carry out the initial checks on our behalf. The current non-refundable cost is £80 inc. VAT per offer. You’ll need to pay this to Lifetime Legal and complete all checks before we can issue a memorandum of sale. The cost includes obtaining relevant data and any manual checks and monitoring which might be required, and includes a range of benefits. Purplebricks will receive some of the fee taken by Lifetime Legal to compensate for its role in providing these checks.

Agent Details

Purplebricks, covering Manchester

0161 524 9265

Next Steps?

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