2 Bed Terraced House, Single Let, Manchester, M40 1BF, £160,000

Gaskell Street, Manchester, Greater Manchester, M40 1BF - 3 months ago

Sold STC
Leasehold
BTL
ROI: 5%
~68 m²
+9 photos

ValuationOvervalued

Sold Prices£80K - £220K
Sold Prices/m²£304/m² - £3.6K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.3K/m²

Value Estimate

£121,627

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£40,000

Stamp Duty & Legal Fees

£6,000

Total Cash In

£46,000

 

 

Cash Out

 

Rent Range

£800 - £2,901

Rent Estimate

£895

Running Costs/mo

£699

Cashflow/mo

£196

Cashflow/yr

£2,352

ROI

5%

Gross Yield

7%

Local Sold Prices

50 sold prices from £80K to £220K, average is £135.8K. £304/m² to £3.6K/m², average is £1.8K/m².

PriceDateDistanceAddressBeds 
£107.5K05/210 mi156, Gaskell Street, Manchester, Greater Manchester M40 1BF2
£135K02/210 mi160, Gaskell Street, Manchester, Greater Manchester M40 1BF2
£130K06/230.06 mi108, Gaskell Street, Manchester, Greater Manchester M40 1NS2
£123K11/220.08 mi77, Crammond Close, Manchester, Greater Manchester M40 1PL2
£170K02/230.12 mi9, Crammond Close, Manchester, Greater Manchester M40 1PL2
£115K11/200.14 mi65, Leng Road, Manchester, Greater Manchester M40 1NX2
£140K11/210.14 mi1, King Street, Failsworth, Manchester, Greater Manchester M35 0JA2
£80K12/200.14 mi85, Leng Road, Manchester, Greater Manchester M40 1NX2
£146K06/230.15 mi50, Leng Road, Manchester, Greater Manchester M40 1WX2
£97K03/230.15 mi81, Rossington Street, Manchester, Greater Manchester M40 1PG2
£112K05/210.15 mi47, Rossington Street, Manchester, Greater Manchester M40 1PG2
£121K04/230.15 mi11, Rossington Street, Manchester, Greater Manchester M40 1PG2
£95K05/230.15 mi19, Rossington Street, Manchester, Greater Manchester M40 1PG2
£160K11/200.17 mi6, Risbury Walk, Manchester, Greater Manchester M40 1HN2
£169K07/230.19 mi36, Rossington Street, Manchester, Greater Manchester M40 1PQ2
£115K06/210.19 mi39, Miriam Street, Failsworth, Manchester, Greater Manchester M35 0LA2
£116K05/210.19 mi37, Miriam Street, Failsworth, Manchester, Greater Manchester M35 0LA2
£115K06/210.19 mi39, Miriam Street, Failsworth, Manchester, Greater Manchester M35 0LA2
£145K10/220.2 mi24, Miriam Street, Failsworth, Manchester, Greater Manchester M35 0LA2
£125K09/210.23 mi37, Ashworth Street, Failsworth, Manchester, Greater Manchester M35 0JQ2
£180K02/230.23 mi39, Ashworth Street, Failsworth, Manchester, Greater Manchester M35 0JQ2
£145K02/210.23 mi53, Ashworth Street, Failsworth, Manchester, Greater Manchester M35 0JQ2
£117.5K03/210.25 mi16, Mellor Street, Failsworth, Manchester, Greater Manchester M35 0HT2
£145K12/200.27 mi21, Farm Street, Failsworth, Manchester, Greater Manchester M35 0JS2
£97K08/210.27 mi23, Hethorn Street, Manchester, Greater Manchester M40 1LT2
£136.5K11/220.28 mi63, Miriam Street, Failsworth, Manchester, Greater Manchester M35 0JZ2
£135K02/230.28 mi5, Hethorn Street, Manchester, Greater Manchester M40 1LT2
£142.5K01/240.28 mi23, Melrose Street, Manchester, Greater Manchester M40 1NA2
£105K11/200.28 mi25, Melrose Street, Manchester, Greater Manchester M40 1NA2
£118K11/200.28 mi44, Melrose Street, Manchester, Greater Manchester M40 1NA2
£100K06/210.29 mi16a, Culcheth Lane, Manchester, Greater Manchester M40 1LR2
£155K01/230.3 mi4, Devonshire Street East, Failsworth, Manchester, Greater Manchester M35 0TE2
£220K07/230.31 mi10, Devonshire Street East, Failsworth, Manchester, Greater Manchester M35 0TE2
£200K03/230.31 mi6, Devonshire Street East, Failsworth, Manchester, Greater Manchester M35 0TE2
£159.9K08/210.33 mi107, Miriam Street, Failsworth, Manchester, Greater Manchester M35 0JZ2
£150K09/200.33 mi38, Miriam Street, Failsworth, Manchester, Greater Manchester M35 0JZ2
£97K09/200.33 mi107, Miriam Street, Failsworth, Manchester, Greater Manchester M35 0JZ2
£170K05/230.33 mi18, Oakley Close, Manchester, Greater Manchester M40 1JT2
£166K06/230.33 mi13, Ridgefield Street, Failsworth, Manchester, Greater Manchester M35 0HJ2
£143K06/230.34 mi17, Tandlewood Mews, Manchester, Greater Manchester M40 1LG2
£88.5K08/210.36 mi30, Briscoe Lane, Manchester, Greater Manchester M40 1JX2
£204K01/230.37 mi90, Miriam Street, Failsworth, Manchester, Greater Manchester M35 0JZ2
£120K03/210.37 mi27, Crosby Road, Manchester, Greater Manchester M40 1QB2
£160K09/200.38 mi2, Gail Close, Failsworth, Manchester, Greater Manchester M35 0TG2
£100K11/220.39 mi34, Coronation Road, Failsworth, Manchester, Greater Manchester M35 0LT2
£155K05/230.39 mi4, Hardman Street, Failsworth, Manchester, Greater Manchester M35 0BB2
£173.5K10/230.39 mi19, Gullane Close, Manchester, Greater Manchester M40 3WD2
£188K08/220.4 mi1, Sparth Road, Manchester, Greater Manchester M40 1QH2
£129.9K11/200.41 mi297, Droylsden Road, Manchester, Greater Manchester M40 1GJ2
£156.2K12/220.41 mi283, Droylsden Road, Manchester, Greater Manchester M40 1GJ2

Local Rents

50 rents from £800/mo to £2.9K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,10007/240.05 miGaskell Street, Failsworth, Manchester, M402
£1,10007/240.05 miGaskell Street, Failsworth, Manchester, M402
£95007/240.05 miGaskell Street, Failsworth, Manchester2
£80007/240.06 miGaskell Street, Manchester2
£1,00004/240.1 mi-2
£97507/240.1 mi-2
£1,10012/240.11 mi-2
£92508/240.13 miHobson Street, Failsworth, Manchester2
£1,48002/240.13 mi-2
£2,20006/240.13 mi-2
£1,48003/250.13 mi-2
£95006/240.14 miLeng Road, Manchester, Greater Manchester, M402
£89505/240.14 miRossington Street, Manchester, M402
£89506/240.14 mi-2
£95002/250.15 mi-2
£92506/240.15 miStott Street, Manchester2
£87506/240.17 miMiriam Street, Failsworth, Manchester2
£95005/240.17 miLeng Road, Newton Heath2
£97508/240.18 mi-2
£97508/240.18 miMiriam Street, Failsworth, Manchester, M352
£90001/250.18 mi-2
£95011/240.18 mi-2
£95003/250.18 mi-2
£89505/240.21 mi-2
£95002/250.22 mi-2
£1,20002/250.23 mi-2
£95008/240.24 miHethorn Street, Manchester2
£92508/240.24 miHethorn Street, Manchester2
£1,05005/240.25 miFarm Street, Failsworth, M352
£99501/250.26 mi-2
£1,25007/240.27 miHethorn Street, Manchester, M402
£1,25007/240.27 miHethorn Street, Manchester, M402
£1,25008/240.27 mi-2
£2,10003/250.28 mi-2
£1,90005/240.28 mi-2
£89508/240.28 mi-2
£89507/240.28 miHethorn Street, Manchester, M402
£2,90102/240.31 mi-2
£2,86405/240.31 mi-2
£2,86405/240.31 mi-2
£2,86406/240.31 mi-2
£2,86406/240.31 mi-2
£2,90108/240.31 mi-2
£2,86408/240.31 mi-2
£2,86408/240.31 mi-2
£2,86410/240.31 mi-2
£2,86412/240.31 mi-2
£2,86405/240.31 mi-2
£2,86406/240.31 mi-2
£2,86408/240.31 mi-2

Local Area Statistics

Population in M40

40,888

Population in Manchester

920,095

Town centre distance

4.55 miles away

Nearest school

0.10 miles away

Nearest train station

0.45 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+28%

Sales demand

Seller's market

Capital growth (5yrs)

+73%

Property History

Listed for £160,000

January 2, 2025

Floor Plans

Description

  • No Onward Chain +
  • Ideal for First Time Buyers / Investors +
  • Two Double Bedrooms +
  • Off Street Parking +
  • Private Back Garden +
  • Quiet Cul-de-Sac +

* GUIDE PRICE £160,000 TO £170,000 * This 2 Bed Terraced house is full of potential. Offered to market with No Onward Chain it is ideal for First Time Buyers or Investors.

Requiring some decorative updating, this property provides the opportunity to add value and make a perfect home.

Situated in a popular Cul-de-Sac just a short distance from Manchester City Centre, this property offers a great location with convenient access to local amenities and excellent transport links and is within a mile of Outstanding and Good local schools.

The property comprises Entrance Hall, Lounge/Dining Room, Kitchen, Two Double Bedrooms, Bathroom, Double Glazing, Gas Central Heating and rear Garden, Off Street Parking.

Entrance Hall -

Kitchen - 3.00m x 2.01m ( 9'10 x 6 '7 )

Living Room - 4.00m x 3.80m ( 13'1 x 12' 6 )

Dining Room - 3.00m x 2.00m ( 9'10 x 6' 7 )

Bedroom 1 - 4.00m x 2.40m ( 13'1 x 7'10 )

Bedroom 2 - 4.00m x 2.40m ( 13'1 x 7'10 )

Bathroom -

Rear Garden

Council Tax Band : A
Tenure: Leasehold
Lease Term: 969 years remaining

Disclaimer
1. These particulars are prepared in good faith by Offerise to give a fair overall view of the property and do not constitute any part of an offer or contract. They must not be relied upon as statements or representations of fact. All measurements are given as a guide only and no liability can be accepted for any errors arising from them.

2. Photographs depict only certain parts of the property. It should not be assumed that the contents/furnishings, furniture etc. Photographed are included in the sale.

3. Nothing in these particulars shall be deemed as fact or a statement that the property is in good structural condition or otherwise. No responsibility is taken for any error, omission or mis-statement.

4. Purchasers should check all services/appliances/equipment are in good working order prior to exchange of contracts as these have not been tested and no warranty can be given as to their condition. Offerise nor its employees have any authority to make or give representations or warranties whatever to this property.

Agent Details

Offerise, Harrow

020 7870 1664

Next Steps?

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