3 Bed Terraced House, Single Let, Manchester, M11 1JE, £210,000

Silverlace Avenue, Manchester, Greater Manchester, M11 1JE - 3 views - 4 months ago

Leasehold
Auction
BTL
ROI: 2%
~93 m²
+8 photos

ValuationOvervalued

Sold Prices£112K - £260K
Sold Prices/m²£1.2K/m² - £3.1K/m²

 

 

Square Metres

~93 m²
Price/m²£2.3K/m²

Value Estimate

£186,000

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£52,500

Stamp Duty & Legal Fees

£7,500

Total Cash In

£60,000

 

 

Cash Out

 

Rent Range

£850 - £3,000

Rent Estimate

£999

Running Costs/mo

£876

Cashflow/mo

£123

Cashflow/yr

£1,475

ROI

2%

Gross Yield

6%

Local Sold Prices

50 sold prices from £112K to £260K, average is £175K. £1.2K/m² to £3.1K/m², average is £2K/m².

PriceDateDistanceAddressBeds 
£160K03/240.17 mi19, Capital Road, Manchester, Greater Manchester M11 1JZ3
£154.5K10/220.17 mi48, Capital Road, Manchester, Greater Manchester M11 1LA3
£172.5K02/210.18 mi40, Delamere Street, Manchester, Greater Manchester M11 1JY3
£227K07/230.18 mi3, Delamere Street, Manchester, Greater Manchester M11 1JY3
£185K02/230.19 mi40, Delamere Street, Manchester, Greater Manchester M11 1JY3
£175K08/210.23 mi7, Mulberry Walk, Droylsden, Manchester, Greater Manchester M43 6QH3
£215K01/210.24 mi24, Linden Way, Droylsden, Manchester, Greater Manchester M43 6QJ3
£175K06/210.24 mi8, Old Farm Crescent, Droylsden, Manchester, Greater Manchester M43 6FT3
£150K11/200.24 mi48, Old Farm Crescent, Droylsden, Manchester, Greater Manchester M43 6FT3
£130K11/200.24 mi89, Abbey Hey Lane, Openshaw, Manchester, Greater Manchester M11 1JW3
£147.5K01/210.26 mi1, Field Street, Droylsden, Manchester, Greater Manchester M43 6AP3
£154K04/210.26 mi9, Oxton Street, Manchester, Greater Manchester M11 1HY3
£175K07/210.26 mi1, Oxton Street, Manchester, Greater Manchester M11 1HY3
£190.6K11/200.26 mi23, Oxton Street, Manchester, Greater Manchester M11 1HY3
£209.2K03/230.26 mi33, Oxton Street, Manchester, Greater Manchester M11 1HY3
£173K11/220.26 mi10, Neston Street, Manchester, Greater Manchester M11 1HZ3
£191K07/210.27 mi64, Neston Street, Manchester, Greater Manchester M11 1HZ3
£172K06/210.27 mi34, Neston Street, Manchester, Greater Manchester M11 1HZ3
£180K11/200.27 mi56, Buxton Lane, Droylsden, Manchester, Greater Manchester M43 6HG3
£154K02/210.27 mi88, Buxton Lane, Droylsden, Manchester, Greater Manchester M43 6HG3
£165K05/210.27 mi58, Ketton Close, Manchester, Greater Manchester M11 1NA3
£260K11/220.29 mi1, Foxley Close, Droylsden, Manchester, Greater Manchester M43 6HS3
£165K04/210.3 mi3, Cordingley Avenue, Droylsden, Manchester, Greater Manchester M43 6FU3
£192K01/210.3 mi2, Rainow Avenue, Droylsden, Manchester, Greater Manchester M43 6HW3
£181K06/230.31 mi4, Albany Avenue, Manchester, Greater Manchester M11 1HQ3
£195K09/220.31 mi12, Albany Avenue, Manchester, Greater Manchester M11 1HQ3
£185K10/230.32 mi43, Courier Street, Manchester, Greater Manchester M18 8SY3
£235K08/240.32 mi7, Gibson Avenue, Manchester, Greater Manchester M18 8TS3
£181.1K11/210.33 mi32, Farrar Road, Droylsden, Manchester, Greater Manchester M43 6EX3
£112K10/210.33 mi21, Alvan Square, Manchester, Greater Manchester M11 1WU3
£175K10/220.34 mi159, Abbey Hey Lane, Abbey Hey, Manchester, Greater Manchester M18 8TJ3
£218K05/220.34 mi31, Buxton Lane, Droylsden, Manchester, Greater Manchester M43 6HL3
£165K06/210.34 mi4, John Street, Droylsden, Manchester, Greater Manchester M43 6FY3
£201K12/220.35 mi5, Claymore Street, Manchester, Greater Manchester M18 8SQ3
£245K07/230.35 mi16, Moorland Avenue, Droylsden, Manchester, Greater Manchester M43 6HN3
£182K03/230.35 mi59, Jetson Street, Manchester, Greater Manchester M18 8SX3
£165K11/210.36 mi130, Abbey Hey Lane, Abbey Hey, Manchester, Greater Manchester M18 8TH3
£125K02/210.36 mi186, Abbey Hey Lane, Abbey Hey, Manchester, Greater Manchester M18 8TH3
£154K04/230.36 mi136, Abbey Hey Lane, Abbey Hey, Manchester, Greater Manchester M18 8TH3
£160K06/230.36 mi14, Peterborough Street, Manchester, Greater Manchester M18 8TF3
£195K02/240.36 mi7, Rayleigh Avenue, Openshaw, Manchester, Greater Manchester M11 1GU3
£130K07/230.36 mi1, High Bank Road, Droylsden, Manchester, Greater Manchester M43 6FS3
£142.5K11/200.36 mi57, High Bank Road, Droylsden, Manchester, Greater Manchester M43 6FS3
£175K03/230.36 mi80, Jetson Street, Manchester, Greater Manchester M18 8SZ3
£185K07/240.36 mi38, Jetson Street, Manchester, Greater Manchester M18 8SZ3
£170K02/240.36 mi54, Jetson Street, Manchester, Greater Manchester M18 8SZ3
£145K05/210.36 mi21, Ashbrook Street, Openshaw, Manchester, Greater Manchester M11 1GS3
£140K11/200.36 mi1, Derwent Avenue, Droylsden, Manchester, Greater Manchester M43 6HJ3
£142K02/230.37 mi24, Claymore Street, Manchester, Greater Manchester M18 8SP3
£195K08/210.38 mi45, Lyme Grove, Droylsden, Manchester, Greater Manchester M43 6EY3

Local Rents

51 rents from £850/mo to £3K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,05012/240.05 mi-3
£1,50012/240.16 mi-3
£1,20010/240.18 mi-3
£1,20003/240.31 miRainow Avenue, Droylsden, Manchester, M433
£1,19506/240.32 miJetson Street, Abbey Hey, M18 8SZ3
£1,28004/250.33 mi-3
£85005/240.33 miEdge Lane Droylsden, Manchester, M433
£1,20001/250.34 mi-3
£1,20012/240.34 mi-3
£1,40002/250.35 mi-3
£1,15005/240.35 miFarrar Road, Droylsden, Manchester3
£1,15012/240.35 mi-3
£1,25012/240.35 mi-3
£1,10005/240.36 miShort Avenue, Droylsden, Manchester, M433
£1,10005/240.36 mi-3
£1,30010/240.39 mi-3
£99506/240.39 mi-3
£1,10004/250.42 mi-3
£1,20005/240.42 mi-3
£1,20006/240.43 mi-3
£1,20005/240.43 miManchester Road, Manchester, M433
£1,60004/250.43 mi-3
£1,30012/240.46 mi-3
£1,30012/240.46 mi-3
£1,10005/240.46 miLock Keepers Court, Droylsden, Manchester, M433
£1,40001/250.49 mi-3
£1,35004/250.49 mi-3
£1,15012/240.49 mi-3
£1,00008/240.49 miManchester Road, Droylsden3
£1,10008/240.49 miManchester Road, Droylsden3
£1,15006/240.5 miWelbeck Street, Manchester, M183
£1,20004/240.5 mi-3
£96012/240.5 mi-3
£1,30006/240.51 mi-3
£1,30006/240.51 miAshdale Crescent, Droylsden, Manchester, M433
£1,55001/250.51 mi-3
£1,40012/240.52 mi-3
£1,20005/240.52 mi-3
£1,20005/240.52 mi-3
£1,20005/240.52 mi-3
£1,25006/240.52 miNorthway, Droylsden, M433
£1,10012/240.52 mi-3
£1,30005/240.53 miWalmer Street, Abbey Hey, Manchester3
£1,20011/240.54 mi-3
£99505/240.54 miLongford Street, Manchester, Greater Manchester, M183
£3,00005/240.55 mi-3
£2,95009/240.55 mi-3
£1,40003/250.55 mi-3
£1,40005/240.56 mi-3
£1,60001/250.56 mi-3
£1,17505/240.56 miFairway, Manchester, M433

Local Area Statistics

Population in M11

20,273

Population in Manchester

920,095

Town centre distance

3.96 miles away

Nearest school

0.20 miles away

Nearest train station

0.52 miles away

 

 

Rental growth (12m)

+112%

Sales demand

Seller's market

Capital growth (5yrs)

+27%

Property History

Listed for £210,000

December 28, 2024

Floor Plans

Description

  • Being sold via Secure Sale online bidding. Terms & Conditions apply. +
  • Three bedroom mid terrace property +
  • French style doors with Juliet balcony +
  • Private garden +
  • Gas central heating and double glazing +
  • Section 21 Has Been Served +

An excellent three bedroom mid terrace property affording spacious living accommodation in a well established part of M11.

Bright and airy rooms are warmed by gas central heating and ground floor rooms include a welcoming a hall with under-stairs storage, good sized kitchen, downstairs 3 piece family bathroom suite and a lounge dining room to the rear which overlooks the private garden. The front of the property is set back from the road by a garden front yard.

Stairs from the hall lead to the first floor where the three well proportioned double bedrooms and a modern shower room. Bedroom one also boast French style doors with Juliet balcony. The windows are also double glazed.

Please be aware we have not been provided with the current AST or EICR. If these documents do come in then they will be added to the legal pack. Buyers are advised to read the legal pack prior to bidding.

Section 21 Has Been Served to the tenant.

Council Tax Band: B
Tenure: Leasehold
Length Of Lease: 233
Annual Service Charge Amount: £200.00

Agent Details

Pattinson Estate Agents, Auction

0191 625 0242

Next Steps?

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