2 Bed Flat, Single Let, Manchester, M18 7GA, £699,950

117 - 127 Rawsthorne Avenue, Manchester - 2 views - 5 months ago

Leasehold
BTL
~68 m²
+9 photos

ValuationOvervalued

Sold Prices£71.3K - £200K
Sold Prices/m²£1.6K/m² - £2.9K/m²

 

 

Square Metres

~68.11 m²
Price/m²£10.3K/m²

Value Estimate

£135,816

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£174,988

Stamp Duty & Legal Fees

£44,696

Total Cash In

£219,684

 

 

Cash Out

 

Rent Range

£695 - £2,201

Rent Estimate

£800

Running Costs/mo

£2,367

Cashflow/mo

£-1,567

Cashflow/yr

£-18,808

Gross Yield

1%

Local Sold Prices

24 sold prices from £71.3K to £200K, average is £123K. £1.6K/m² to £2.9K/m², average is £2.1K/m².

PriceDateDistanceAddressBeds 
£133K07/230.05 mi137, Rawsthorne Avenue, Manchester, Greater Manchester M18 7GA2
£102K10/210.05 mi79, Rawsthorne Avenue, Manchester, Greater Manchester M18 7GA2
£120K11/210.45 mi33, Cravenwood Road, Reddish, Stockport, Greater Manchester SK5 6PQ2
£105K03/210.45 mi51, Cravenwood Road, Reddish, Stockport, Greater Manchester SK5 6PQ2
£148K09/220.45 mi57, Cravenwood Road, Reddish, Stockport, Greater Manchester SK5 6PQ2
£125K06/220.45 mi41, Cravenwood Road, Reddish, Stockport, Greater Manchester SK5 6PQ2
£71.3K09/210.61 miFlat 6, Brookfield Court, Kirkman Close, Manchester, Greater Manchester M18 7EA2
£145K06/220.65 mi2, Higher Meadows, Levenshulme, Manchester, Greater Manchester M19 3BQ2
£103K11/200.74 mi32, Totland Close, Manchester, Greater Manchester M12 5RY2
£120K05/240.75 mi9, Mount Road, Manchester, Greater Manchester M18 7BG2
£108.5K01/210.84 miFlat 112, Victoria Mill, Houldsworth Street, Reddish, Stockport, Greater Manchester SK5 6AX2
£200K01/230.84 miFlat 172, Victoria Mill, Houldsworth Street, Reddish, Stockport, Greater Manchester SK5 6AX2
£130K12/220.86 mi898d, Hyde Road, Manchester, Greater Manchester M18 7LL2
£110K03/210.86 mi920a, Hyde Road, Manchester, Greater Manchester M18 7LL2
£123K07/220.86 mi896, Hyde Road, Manchester, Greater Manchester M18 7LL2
£120K10/220.86 mi892c, Hyde Road, Manchester, Greater Manchester M18 7LL2
£115K12/210.86 mi898a, Hyde Road, Manchester, Greater Manchester M18 7LL2
£132K11/220.86 mi7, Cromwell Avenue, Denton, Stockport, Greater Manchester SK5 6GA2
£135K04/220.87 mi67, Cromwell Avenue, Denton, Stockport, Greater Manchester SK5 6GA2
£155K09/220.88 mi66, Cromwell Avenue, Denton, Stockport, Greater Manchester SK5 6GB2
£135K05/220.88 mi90, Cromwell Avenue, Denton, Stockport, Greater Manchester SK5 6GB2
£135K04/220.96 miFlat 36, Warwick House, Central Avenue, Manchester, Greater Manchester M19 2FF2
£123K03/230.97 miFlat 28, Warwick House, Central Avenue, Manchester, Greater Manchester M19 2FF2
£90K01/210.97 mi60a, Gorton Road, Stockport, Greater Manchester SK5 6AH2

Local Rents

49 rents from £695/mo to £2.2K/mo, average is £1K/mo.

RentDateDistanceAddressBeds 
£90006/240.05 mi-2
£80012/240.05 mi-2
£1,05004/250.05 mi-2
£92505/240.28 miLangland Close, Levenshulme, Manchester, M192
£99004/250.33 mi-2
£1,20005/240.34 miPeter Moss Way, Manchester, Greater Manchester, M192
£1,30005/240.34 mi-2
£1,30005/240.34 miReddish, Manchester, M192
£1,00008/240.37 miCarna Road, Reddish2
£1,05008/240.39 mi-2
£1,05002/250.39 mi-2
£85009/240.39 miSandbach Road, Reddish, Stockport, Cheshire, SK52
£1,25008/240.39 mi-2
£1,15012/240.43 mi-2
£1,10005/240.44 mi-2
£1,10004/250.44 mi-2
£1,00012/240.44 mi-2
£78012/230.46 mi-2
£1,15005/240.46 mi-2
£1,37503/250.48 mi-2
£2,20104/250.48 mi-2
£1,20005/240.5 miManor Road, Manchester2
£99505/240.5 miGuildford Road, Levenshulme2
£95003/250.5 mi-2
£1,05005/240.5 miBeard Road, Manchester, M182
£95005/240.51 miBuckley Road, Gorton2
£95005/240.51 miBuckley Road, Gorton2
£92508/240.53 mi-2
£92508/240.53 mi-2
£1,00002/250.54 mi-2
£97504/250.54 mi-2
£89510/240.55 mi-2
£1,15004/250.56 mi-2
£95003/250.56 mi-2
£1,20008/240.56 mi-2
£69511/230.57 mi-2
£99508/240.57 mi-2
£99509/240.57 mi-2
£99509/240.57 mi-2
£99509/240.57 mi-2
£99509/240.57 mi-2
£90005/240.58 miCranbrook Road, Manchester, M182
£95008/240.58 miBelfield Road, Stockport, Cheshire, SK52
£1,15012/240.59 mi-2
£1,05005/240.59 miGrasmere Street, Manchester, M122
£99505/240.59 miGrasmere Street, Longsight, Manchester, M122
£1,09506/240.59 miGrasmere Street, Manchester, M122
£1,10002/250.6 mi-2
£1,20005/240.6 miGrasmere Street, Longsight2

Local Area Statistics

Population in M18

23,432

Population in Manchester

920,095

Town centre distance

3.23 miles away

Nearest school

0.10 miles away

Nearest train station

0.40 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+69%

Sales demand

Seller's market

Capital growth (5yrs)

+74%

Property History

Listed for £699,950

December 3, 2024

Floor Plans

Description

Fantastic Investment Opportunity – Standalone Block of 6 Flats in Gorton

Situated on the popular Rawsthorne Avenue in Gorton, this standalone block of six spacious two-bedroom flats is a rare and exciting investment opportunity. The building comprises two flats on each of its three floors, providing a total of six units. At the rear, a secure, gated car park offers convenient parking for residents. A standout feature of this property is the inclusion of individual gas boilers in each flat, a rare and highly desirable benefit in apartment blocks. This ensures efficient heating and hot water systems, adding value and appeal for tenants. This property is an excellent choice for investors, with five of the six flats currently tenanted, generating a reliable rental income from the outset. However, for those looking for more flexibility, there is also the option to purchase the block completely vacant, allowing the buyer to find their own tenants and tailor rental agreements to suit their investment strategy. The location is ideal for both tenants and investors. The property is close to local amenities, including supermarkets, schools, parks, and healthcare facilities. Hyde Road is just minutes away, offering excellent transport links into Manchester city centre or out towards the M60 motorway, making this a prime location for commuters. Additionally, Gorton Market and Debdale Park are nearby, providing shopping and leisure opportunities. EPCs range from D-B. With its combination of modern features, excellent location, and versatile investment potential, this block of flats is a fantastic addition to any property portfolio. Don’t miss out on this outstanding opportunity—contact us today to arrange a viewing!

Agent Details

Jacob Knight, Manchester

0161 524 8470

Next Steps?

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