3 Bed Terraced House, Single Let, Manchester, M11 3NU, £310,000

Commonwealth Avenue, Manchester, M11 3NU - 4 views - 5 months ago

Leasehold
BTL
ROI: 1%
~93 m²
+4 photos

ValuationOvervalued

Sold Prices£107K - £490K
Sold Prices/m²£1.1K/m² - £4.3K/m²

 

 

Square Metres

~93 m²
Price/m²£3.3K/m²

Value Estimate

£281,009

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£77,500

Stamp Duty & Legal Fees

£13,500

Total Cash In

£91,000

 

 

Cash Out

 

Rent Range

£1,300 - £5,000

Rent Estimate

£1,350

Running Costs/mo

£1,259

Cashflow/mo

£91

Cashflow/yr

£1,095

ROI

1%

Gross Yield

5%

Local Sold Prices

50 sold prices from £107K to £490K, average is £236.5K. £1.1K/m² to £4.3K/m², average is £3K/m².

PriceDateDistanceAddressBeds 
£225K06/210.02 mi41, Commonwealth Avenue, Manchester, Greater Manchester M11 3NN3
£276.5K02/230.05 mi6, Athletes Way, Manchester, Greater Manchester M11 3NE3
£268K09/210.07 mi1, Stadium Drive, Manchester, Greater Manchester M11 3NB3
£226K10/230.07 mi17, Rimmer Close, Manchester, Greater Manchester M11 3AD3
£238K06/210.08 mi10, Holly Street, Manchester, Greater Manchester M11 3BN3
£240K06/210.1 mi10, Lloyd Wright Avenue, Manchester, Greater Manchester M11 3NJ3
£280K01/230.1 mi16, Lloyd Wright Avenue, Manchester, Greater Manchester M11 3NJ3
£235K12/200.1 mi50, Rylance Street, Manchester, Greater Manchester M11 3NP3
£248K11/210.11 mi23, Lloyd Wright Avenue, Manchester, Greater Manchester M11 3NJ3
£230K01/210.12 mi34, Paxton Place, Manchester, Greater Manchester M11 3NL3
£265K04/210.15 mi2, Lloyd Wright Avenue, Manchester, Greater Manchester M11 3NJ3
£235K05/240.16 mi6, Markham Close, Manchester, Greater Manchester M12 6WR3
£205K08/210.16 mi11, Wren Way, Manchester, Greater Manchester M11 3NH3
£175K10/200.16 mi14, Alderman Square, Manchester, Greater Manchester M12 6WL3
£210K07/230.16 mi298, Viaduct Street, Manchester, Greater Manchester M12 6NE3
£238K11/230.16 mi4, Carbis Avenue, Manchester, Greater Manchester M11 3DP3
£134.8K12/200.26 mi2, Blakemore Walk, Manchester, Greater Manchester M12 6PH3
£197.5K12/200.27 mi3, Hartwell Close, Manchester, Greater Manchester M11 3TW3
£170K07/210.27 mi48, Hartwell Close, Manchester, Greater Manchester M11 3TW3
£210K12/200.27 mi8, Hartwell Close, Manchester, Greater Manchester M11 3TW3
£248K11/230.33 mi12, Brennock Close, Manchester, Greater Manchester M11 3LD3
£235K12/200.34 mi19, Pattishall Close, Manchester, Greater Manchester M4 7DU3
£281K09/230.34 mi19, Pattishall Close, Manchester, Greater Manchester M4 7DU3
£220K12/200.37 mi9, Gurney Street, Manchester, Greater Manchester M4 7DZ3
£265K03/230.37 mi16, Blisworth Close, Manchester, Greater Manchester M4 7DT3
£201K04/230.38 mi6, Barleywood Drive, Manchester, Greater Manchester M11 3LP3
£223K02/230.41 mi7, Maidford Close, Manchester, Greater Manchester M4 7EG3
£170K05/210.44 mi6, Badby Close, Manchester, Greater Manchester M4 7EY3
£270K12/210.61 mi112, Old Mill Street, Manchester, Greater Manchester M4 6EE3
£300K02/240.61 mi102, Old Mill Street, Manchester, Greater Manchester M4 6EE3
£297.5K05/230.61 mi120, Old Mill Street, Manchester, Greater Manchester M4 6EE3
£195K02/210.63 mi39, Bradford Road, Manchester, Greater Manchester M40 7EY3
£490K09/220.65 mi12, Spindle Mews, Manchester, Greater Manchester M4 6DB3
£225K08/210.65 mi59, Ridgway Street, Manchester, Greater Manchester M40 7FY3
£236.5K10/210.68 mi36, Chippenham Road, Manchester, Greater Manchester M4 7JR3
£236.5K10/210.68 mi36, Chippenham Road, Manchester, Greater Manchester M4 7JR3
£315K07/230.69 mi5, Saltford Avenue, Manchester, Greater Manchester M4 6EL3
£270K03/230.7 mi25, Bollington Road, Manchester, Greater Manchester M40 7DX3
£242K03/210.7 mi13, Weybridge Road, Manchester, Greater Manchester M4 6FD3
£242K06/210.7 mi137, Ridgway Street, Manchester, Greater Manchester M40 7DS3
£297K09/220.73 mi10, Woodward Street, Manchester, Greater Manchester M4 7JS3
£168K05/210.73 mi32, Bollington Road, Manchester, Greater Manchester M40 7HE3
£230K08/210.75 mi130, Butler Street, Manchester, Greater Manchester M4 7JJ3
£250K07/220.76 mi17, Beastow Road, Manchester, Greater Manchester M12 5GS3
£340K11/220.8 mi17, Kingham Drive, Manchester, Greater Manchester M4 7JT3
£405K06/230.8 mi15, Thomas Telford Basin, Manchester, Greater Manchester M1 2NH3
£220K12/200.81 mi169, Varley Street, Manchester, Greater Manchester M40 7EJ3
£180K04/210.81 mi33, Stuart Street, Manchester, Greater Manchester M11 4DU3
£107K10/200.83 mi135, Clayton Lane, Manchester, Greater Manchester M11 2AS3
£270K11/220.85 mi2, Energy Street, Manchester, Greater Manchester M40 7ZQ3

Local Rents

50 rents from £1.3K/mo to £5K/mo, average is £1.7K/mo.

RentDateDistanceAddressBeds 
£1,60004/250 mi-3
£1,40003/240 miCommonwealth Avenue, Manchester, Greater Manchester, M113
£3,50012/240.02 mi-3
£3,50001/250.02 mi-3
£2,40003/250.04 mi-3
£1,35005/240.05 mi-3
£1,35006/240.05 mi-3
£1,35003/250.05 mi-3
£1,45005/240.05 miLloyd Wright Avenue, Manchester, M113
£1,35005/240.05 miLloyd Wright Avenue, Manchester, M113
£1,35005/240.05 miLloyd Wright Avenue, Manchester, M113
£2,50002/250.05 mi-3
£1,60003/250.05 miCommonwealth Avenue, Manchester, M113
£1,45005/240.05 miCommonwealth Avenue, Manchester, Greater Manchester, M113
£3,50005/240.05 mi-3
£3,50012/240.05 mi-3
£1,40005/240.05 mi-3
£1,35005/240.06 miHolly Street, Beswick, Manchester, M113
£1,60005/240.06 miStadium Drive, Manchester, M113
£1,64501/250.07 mi-3
£1,59503/250.07 mi-3
£4,00005/240.07 mi-3
£3,60012/240.07 mi-3
£3,20001/250.07 mi-3
£1,50005/240.09 miOlympic Street, Manchester, Greater Manchester, M113
£1,50005/240.09 miHolly Street, Manchester, M113
£3,60005/240.09 mi-3
£3,50005/240.09 mi-3
£3,60005/240.09 mi-3
£3,60005/240.09 mi-3
£3,60012/240.09 mi-3
£3,60004/250.09 mi-3
£1,45006/240.1 mi-3
£1,45005/240.1 miPaxton Place, Manchester, M113
£1,45006/240.1 miPaxton Place, Manchester, M113
£1,45005/240.1 miRylance Street, Manchester, Greater Manchester, M113
£5,00012/240.1 mi-3
£4,60001/250.1 mi-3
£2,95003/250.11 mi-3
£2,00003/250.13 mi-3
£1,50002/240.14 mi-3
£1,45005/240.15 miCarbis Avenue, Beswick, Manchester, M113
£1,85006/240.16 mi-3
£1,50005/240.16 mi-3
£3,50005/240.16 mi-3
£3,50005/240.16 mi-3
£3,10005/240.16 mi-3
£1,70012/240.17 mi-3
£3,00005/240.19 mi-3
£1,30005/240.2 miWynne Close, Beswick, Manchester, M113

Local Area Statistics

Population in M11

20,273

Population in Manchester

920,095

Town centre distance

2.32 miles away

Nearest school

0.10 miles away

Nearest train station

0.41 miles away

 

 

Rental growth (12m)

+112%

Sales demand

Seller's market

Capital growth (5yrs)

+27%

Property History

Listed for £310,000

November 20, 2024

Floor Plans

Description

  • Convenient Sought After Location +
  • Secure, Allocated, Parking Included +
  • En-Suite To Master Bedroom +
  • Close To Etihad Stadium +
  • Private Enclosed Rear Garden +
  • Easy Access To Manchester City Centre +

The Property
An exceptional family home located in a popular neighborhood, conveniently positioned for easy access to Manchester City Centre, the Etihad Stadium, and a range of public transport options. This area is well-served by local amenities and zoned for reputable schools. The property features a spacious lounge and dining area, a well-equipped kitchen, a downstairs WC, three bedrooms, including a master with en-suite, and a family bathroom. Outside, you'll find a private, enclosed garden and secure allocated parking at the rear. With no onward chain, this property is perfect for families, first-time buyers, or investors. Early viewings are highly recommended to secure this fantastic opportunity.

Book viewings 24/7 with Purplebricks by clicking on the property brochure.

Property ownership information

Ground rent review period: No review period

Service charge review period: No review period

Lease end date: 01/01/2254

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 💪