2 Bed Terraced House, Single Let, Manchester, M18 8UT, £120,000

11 High Bank, Manchester, Greater Manchester, M18 8UT - 4 months ago

Auction
BTL
ROI: 7%
~68 m²
+3 photos

ValuationUndervalued

Sold Prices£69K - £243K
Sold Prices/m²£1.1K/m² - £3.1K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.8K/m²

Value Estimate

£142,792
BMV6%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£30,000

Stamp Duty & Legal Fees

£5,250

Total Cash In

£35,250

 

 

Cash Out

 

Rent Range

£800 - £1,350

Rent Estimate

£841

Running Costs/mo

£563

Cashflow/mo

£278

Cashflow/yr

£3,334

ROI

9%

Gross Yield

8%

Local Sold Prices

50 sold prices from £69K to £243K, average is £131K. £1.1K/m² to £3.1K/m², average is £2.1K/m².

PriceDateDistanceAddressBeds 
£146K09/210.05 mi1, Plantation Street, Manchester, Greater Manchester M18 8PH2
£106K02/210.05 mi10, Plantation Street, Manchester, Greater Manchester M18 8PH2
£166K11/220.05 mi104, Cross Lane, Manchester, Greater Manchester M18 8NZ2
£92K06/230.07 mi8, Crowther Street, Manchester, Greater Manchester M18 8PY2
£163.5K08/240.07 mi65, Woodhouse Street, Manchester, Greater Manchester M18 8PA2
£145K07/230.09 mi47, Carberry Road, Manchester, Greater Manchester M18 8PR2
£90K12/230.1 mi12, Hollybush Street, Manchester, Greater Manchester M18 8PS2
£136K11/200.11 mi55, Hobart Street, Manchester, Greater Manchester M18 8UR2
£100K02/240.11 mi15, Hobart Street, Manchester, Greater Manchester M18 8UR2
£121K02/230.11 mi57, Rockhampton Street, Manchester, Greater Manchester M18 8UP2
£140K11/220.12 mi52, Hobart Street, Manchester, Greater Manchester M18 8UG2
£149K06/240.12 mi48, Hobart Street, Manchester, Greater Manchester M18 8UG2
£106.5K09/210.13 mi17, Rockhampton Street, Manchester, Greater Manchester M18 8UP2
£114.5K08/230.13 mi17, Rockhampton Street, Manchester, Greater Manchester M18 8UP2
£130K03/230.13 mi63, Rockhampton Street, Manchester, Greater Manchester M18 8UP2
£130K12/200.13 mi26, Ewan Street, Manchester, Greater Manchester M18 8WS2
£130K12/200.13 mi26, Ewan Street, Manchester, Greater Manchester M18 8WS2
£94K10/200.14 mi56, Rockhampton Street, Manchester, Greater Manchester M18 8UW2
£110K12/200.14 mi22, Carberry Road, Manchester, Greater Manchester M18 8PW2
£115K05/230.14 mi45, Harrington Street, Manchester, Greater Manchester M18 8UQ2
£174K12/220.15 mi19, Aysgarth Avenue, Manchester, Greater Manchester M18 8RA2
£157.5K11/220.18 mi34, Sheerness Street, Manchester, Greater Manchester M18 8TY2
£90K12/230.19 mi12, Bread Street, Manchester, Greater Manchester M18 8QF2
£135K03/230.2 mi18, Gidlow Street, Manchester, Greater Manchester M18 8GE2
£118K05/210.2 mi11, Jessop Street, Manchester, Greater Manchester M18 8TZ2
£130K08/230.21 mi26, Acheson Street, Manchester, Greater Manchester M18 8LQ2
£139.9K10/230.21 mi12, Acheson Street, Manchester, Greater Manchester M18 8LQ2
£108K04/210.21 mi208, Lees Street, Abbey Hey, Manchester, Greater Manchester M18 8QN2
£160K05/230.21 mi201, Lees Street, Abbey Hey, Manchester, Greater Manchester M18 8GA2
£137.5K02/230.21 mi32, Acheson Street, Manchester, Greater Manchester M18 8LQ2
£132K06/240.22 mi5, Roxburgh Street, Manchester, Greater Manchester M18 8WX2
£133K11/200.24 mi30, Garlick Street, Manchester, Greater Manchester M18 8UB2
£133K11/200.24 mi30, Garlick Street, Manchester, Greater Manchester M18 8UB2
£160.2K06/230.27 mi4, Ernocroft Grove, Manchester, Greater Manchester M18 8GB2
£80K06/240.27 mi34, Longford Street, Manchester, Greater Manchester M18 8GQ2
£69K12/200.27 mi70, Longford Street, Manchester, Greater Manchester M18 8GQ2
£145K12/230.28 mi41, Corrigan Street, Manchester, Greater Manchester M18 8QS2
£243K11/220.29 mi36, Far Lane, Manchester, Greater Manchester M18 7FF2
£138K07/220.32 mi7, Franklyn Road, Manchester, Greater Manchester M18 8QX2
£70K10/230.32 mi20, Kirkman Close, Manchester, Greater Manchester M18 7EA2
£161K02/230.34 mi14, Sandheys Grove, Manchester, Greater Manchester M18 7FE2
£115K12/200.34 mi24, Sandown Street, Manchester, Greater Manchester M18 8SA2
£135K03/230.34 mi297, Abbey Hey Lane, Abbey Hey, Manchester, Greater Manchester M18 8RH2
£143K06/210.35 mi4, Sandheys Grove, Manchester, Greater Manchester M18 7FE2
£102.5K11/200.35 mi52, Madison Street, Manchester, Greater Manchester M18 8SD2
£130K10/230.36 mi16, Friendship Avenue, Manchester, Greater Manchester M18 7HH2
£108K10/200.36 mi328, Abbey Hey Lane, Abbey Hey, Manchester, Greater Manchester M18 8RP2
£95K04/210.36 mi290, Abbey Hey Lane, Abbey Hey, Manchester, Greater Manchester M18 8RP2
£137.5K02/210.37 mi48, Far Lane, Manchester, Greater Manchester M18 7FF2
£210K02/240.37 mi56, Far Lane, Manchester, Greater Manchester M18 7FF2

Local Rents

52 rents from £800/mo to £1.4K/mo, average is £950/mo.

RentDateDistanceAddressBeds 
£99501/250.06 mi-2
£1,20012/240.11 mi-2
£90005/240.12 miHawthorn Street, Gorton, MANCHESTER, M182
£99506/240.12 miRockhampton Street, Manchester, M182
£1,10012/240.13 mi-2
£1,30012/240.13 mi-2
£90005/240.14 miRockhampton Street, Gorton, Manchester, M182
£1,05012/240.16 mi-2
£1,00005/240.19 miAshkirk Street, Manchester2
£95006/240.19 miJessop Street, Manchester, Greater Manchester, M182
£1,05005/240.19 miKirk Street, Gorton, Manchester, M182
£1,05006/240.19 miKirk Street, Gorton, Manchester, M182
£1,20003/250.2 mi-2
£95006/240.21 miAcheson Street, Manchester2
£1,00005/240.22 mi-2
£1,00005/240.22 mi-2
£1,05003/250.22 mi-2
£1,08002/250.23 mi-2
£82505/240.24 mi4 Maybury Street, Manchester, Greater Manchester, M18 8GP2
£87512/240.24 mi-2
£95005/240.27 miLongford Street, Manchester, M182
£95005/240.27 mi-2
£95006/240.27 mi-2
£95012/240.27 mi-2
£1,35005/240.3 mi-2
£97512/240.34 mi-2
£1,15005/240.34 miGrapevine Avenue, Manchester, Greater Manchester, M182
£1,05001/250.35 mi-2
£90012/240.35 mi-2
£89505/240.36 miMadison Street, Abbey Hey, Manchester, Greater Manchester, M182
£95012/240.36 mi-2
£95005/240.37 miJetson Street, Manchester2
£90002/240.37 mi-2
£90002/240.37 mi-2
£95012/240.39 mi-2
£1,00005/240.4 mi-2
£95005/240.41 mi-2
£1,10012/240.42 mi-2
£90005/240.42 mi-2
£1,20003/250.42 mi-2
£1,05005/240.46 mi-2
£90012/240.46 mi-2
£87012/240.47 mi-2
£87012/240.47 mi-2
£85005/240.47 mi-2
£95005/240.51 mi-2
£95005/240.51 miMontana Square, Manchester, M112
£80012/230.51 mi-2
£1,17005/240.52 mi-2
£1,25003/250.52 mi-2
£90005/240.52 mi-2
£90012/240.52 mi-2

Local Area Statistics

Population in M18

23,432

Population in Manchester

920,095

Town centre distance

3.54 miles away

Nearest school

0.10 miles away

Nearest train station

0.35 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+69%

Sales demand

Seller's market

Capital growth (5yrs)

+74%

Property History

Price changed to £120,000

February 20, 2025

Price changed to £125,000

February 8, 2025

Listed for £135,000

November 26, 2024

Sold for £17,000

1996

Floor Plans

Description

  • Charming terraced property +
  • Two reception rooms +
  • Abundant natural light +
  • Two double bedrooms +
  • Close to public transport +
  • Nearby excellent schools +
  • Proximity to local amenities +
  • Access to green spaces +
  • Ideal for first-time buyers +
  • Great investment potential +

*SELLING THROUGH MODERN METHOD OF AUCTION*

Greetings! I'm thrilled to present to you this charming terraced property brimming with potential. Currently listed for sale, this hidden gem is just waiting to be transformed into a modern masterpiece.

The property offers a welcoming layout with two reception rooms. The first reception room boasts large windows, filling the space with an abundance of natural light, perfect for cosy afternoons or entertaining guests. The second reception room, like the rest of the house, is ready to be updated to your taste, offering endless possibilities for a unique, personalised space.

The house also features two double bedrooms, offering ample space for rest and relaxation. Each bedroom provides an excellent canvas for you to bring your design ideas to life. In addition to this, there is a bathroom and a kitchen, again, full of potential for modernising.

One of the most charming aspects of this property is its location. It is ideally situated near public transport links, making your commute a breeze. Families will be pleased to know that there are several excellent schools nearby. Not to mention, local amenities are just a stone's throw away! For those who love the outdoors, green spaces, walking and cycling routes are in the vicinity, providing plenty of activities for weekends and free time.

This property is ideal for first-time buyers looking to make their mark on a home, or investors seeking a rewarding project. With a dash of creativity and a sprinkle of love, this house could become your dream home. Don't miss out on this opportunity!

IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS: We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in every case.

RED240450/2

Agent Details

Reeds Rains, Reddish

0161 524 5299

Next Steps?

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