2 Bed Terraced House, Single Let, Manchester, M35 0JA, £140,000

20 King Street, Failsworth, Manchester, M35 0JA - 2 months ago

Sold STC
BTL
ROI: 5%
~68 m²
+16 photos

ValuationOvervalued

Sold Prices£80K - £224K
Sold Prices/m²£304/m² - £3.6K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.1K/m²

Value Estimate

£122,923

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£35,000

Stamp Duty & Legal Fees

£5,850

Total Cash In

£40,850

 

 

Cash Out

 

Rent Range

£800 - £2,901

Rent Estimate

£872

Running Costs/mo

£632

Cashflow/mo

£240

Cashflow/yr

£2,881

ROI

7%

Gross Yield

7%

Local Sold Prices

50 sold prices from £80K to £224K, average is £138.8K. £304/m² to £3.6K/m², average is £1.8K/m².

PriceDateDistanceAddressBeds 
£140K11/210.01 mi1, King Street, Failsworth, Manchester, Greater Manchester M35 0JA2
£117.5K03/210.11 mi16, Mellor Street, Failsworth, Manchester, Greater Manchester M35 0HT2
£135K02/210.15 mi160, Gaskell Street, Manchester, Greater Manchester M40 1BF2
£107.5K05/210.15 mi156, Gaskell Street, Manchester, Greater Manchester M40 1BF2
£166K06/230.2 mi13, Ridgefield Street, Failsworth, Manchester, Greater Manchester M35 0HJ2
£123K11/220.2 mi77, Crammond Close, Manchester, Greater Manchester M40 1PL2
£130K06/230.21 mi108, Gaskell Street, Manchester, Greater Manchester M40 1NS2
£170K02/230.22 mi9, Crammond Close, Manchester, Greater Manchester M40 1PL2
£145K10/220.23 mi24, Miriam Street, Failsworth, Manchester, Greater Manchester M35 0LA2
£115K06/210.23 mi39, Miriam Street, Failsworth, Manchester, Greater Manchester M35 0LA2
£116K05/210.23 mi37, Miriam Street, Failsworth, Manchester, Greater Manchester M35 0LA2
£115K06/210.23 mi39, Miriam Street, Failsworth, Manchester, Greater Manchester M35 0LA2
£155K05/230.24 mi4, Hardman Street, Failsworth, Manchester, Greater Manchester M35 0BB2
£125K09/210.24 mi37, Ashworth Street, Failsworth, Manchester, Greater Manchester M35 0JQ2
£180K02/230.24 mi39, Ashworth Street, Failsworth, Manchester, Greater Manchester M35 0JQ2
£145K02/210.24 mi53, Ashworth Street, Failsworth, Manchester, Greater Manchester M35 0JQ2
£146K12/220.26 mi8, Hulton Street, Failsworth, Manchester, Greater Manchester M35 0AZ2
£145K12/200.27 mi21, Farm Street, Failsworth, Manchester, Greater Manchester M35 0JS2
£144K05/230.27 mi36, Hulton Street, Failsworth, Manchester, Greater Manchester M35 0AZ2
£137.5K08/230.27 mi16, Hulton Street, Failsworth, Manchester, Greater Manchester M35 0AZ2
£115K11/200.29 mi65, Leng Road, Manchester, Greater Manchester M40 1NX2
£97K03/230.29 mi81, Rossington Street, Manchester, Greater Manchester M40 1PG2
£112K05/210.29 mi47, Rossington Street, Manchester, Greater Manchester M40 1PG2
£121K04/230.29 mi11, Rossington Street, Manchester, Greater Manchester M40 1PG2
£95K05/230.29 mi19, Rossington Street, Manchester, Greater Manchester M40 1PG2
£80K12/200.29 mi85, Leng Road, Manchester, Greater Manchester M40 1NX2
£146K06/230.29 mi50, Leng Road, Manchester, Greater Manchester M40 1WX2
£160K11/200.3 mi6, Risbury Walk, Manchester, Greater Manchester M40 1HN2
£136.5K11/220.31 mi63, Miriam Street, Failsworth, Manchester, Greater Manchester M35 0JZ2
£155K01/230.32 mi4, Devonshire Street East, Failsworth, Manchester, Greater Manchester M35 0TE2
£220K07/230.32 mi10, Devonshire Street East, Failsworth, Manchester, Greater Manchester M35 0TE2
£200K03/230.32 mi6, Devonshire Street East, Failsworth, Manchester, Greater Manchester M35 0TE2
£173.5K10/230.33 mi19, Gullane Close, Manchester, Greater Manchester M40 3WD2
£169K07/230.33 mi36, Rossington Street, Manchester, Greater Manchester M40 1PQ2
£100K11/220.35 mi34, Coronation Road, Failsworth, Manchester, Greater Manchester M35 0LT2
£123K12/200.36 mi205, The Fairway, Manchester, Greater Manchester M40 3WA2
£159.9K08/210.37 mi107, Miriam Street, Failsworth, Manchester, Greater Manchester M35 0JZ2
£150K09/200.37 mi38, Miriam Street, Failsworth, Manchester, Greater Manchester M35 0JZ2
£97K09/200.37 mi107, Miriam Street, Failsworth, Manchester, Greater Manchester M35 0JZ2
£120K11/200.37 mi25, Queen Street, Failsworth, Manchester, Greater Manchester M35 0HA2
£224K10/210.38 mi173, The Fairway, Manchester, Greater Manchester M40 3WA2
£183.5K08/230.39 mi26, Carnoustie Close, Manchester, Greater Manchester M40 3NF2
£204K01/230.41 mi90, Miriam Street, Failsworth, Manchester, Greater Manchester M35 0JZ2
£206K04/230.41 mi118, Coronation Road, Failsworth, Manchester, Greater Manchester M35 0LU2
£160K09/200.41 mi2, Gail Close, Failsworth, Manchester, Greater Manchester M35 0TG2
£97K08/210.43 mi23, Hethorn Street, Manchester, Greater Manchester M40 1LT2
£142.5K01/240.43 mi23, Melrose Street, Manchester, Greater Manchester M40 1NA2
£105K11/200.43 mi25, Melrose Street, Manchester, Greater Manchester M40 1NA2
£118K11/200.43 mi44, Melrose Street, Manchester, Greater Manchester M40 1NA2
£135K02/230.43 mi5, Hethorn Street, Manchester, Greater Manchester M40 1LT2

Local Rents

50 rents from £800/mo to £2.9K/mo, average is £1K/mo.

RentDateDistanceAddressBeds 
£2,20006/240.04 mi-2
£1,48002/240.04 mi-2
£1,48003/250.04 mi-2
£92508/240.06 miHobson Street, Failsworth, Manchester2
£95002/250.07 mi-2
£1,10007/240.14 miGaskell Street, Failsworth, Manchester, M402
£1,10007/240.14 miGaskell Street, Failsworth, Manchester, M402
£1,17508/240.18 miDuke, 160 Oldham Road, Failsworth2
£92506/240.18 miStott Street, Manchester2
£95007/240.19 miGaskell Street, Failsworth, Manchester2
£80007/240.21 miGaskell Street, Manchester2
£87506/240.21 miMiriam Street, Failsworth, Manchester2
£97508/240.22 mi-2
£97508/240.22 miMiriam Street, Failsworth, Manchester, M352
£1,00004/240.24 mi-2
£97507/240.24 mi-2
£1,20002/250.24 mi-2
£89505/240.25 mi-2
£1,05008/240.25 miBrookdale Street, Manchester2
£1,05005/240.25 miFarm Street, Failsworth, M352
£90008/240.26 mi-2
£1,10012/240.26 mi-2
£90005/240.27 miHulton Street, Failsworth, Manchester, Greater Manchester, M352
£85005/240.27 mi-2
£85005/240.27 miBrookdale Street, Failsworth, Manchester, M352
£92508/240.27 miDovedale Street, Failsworth, Manchester2
£89509/240.27 miDovedale Street, Failsworth, Manchester2
£87503/250.27 mi-2
£99512/240.27 mi-2
£97511/240.28 mi-2
£97501/250.28 mi-2
£97501/250.28 mi-2
£1,25001/250.28 mi-2
£89506/240.28 mi-2
£89505/240.28 miRossington Street, Manchester, M402
£2,86405/240.29 mi-2
£2,86405/240.29 mi-2
£2,86406/240.29 mi-2
£2,86406/240.29 mi-2
£2,90102/240.29 mi-2
£2,90108/240.29 mi-2
£2,86408/240.29 mi-2
£2,86408/240.29 mi-2
£2,86410/240.29 mi-2
£2,86412/240.29 mi-2
£2,86405/240.29 mi-2
£2,86406/240.29 mi-2
£2,86408/240.29 mi-2
£2,86410/240.29 mi-2
£95006/240.29 miLeng Road, Manchester, Greater Manchester, M402

Local Area Statistics

Population in M35

20,671

Population in Manchester

920,095

Town centre distance

4.70 miles away

Nearest school

0.10 miles away

Nearest train station

0.52 miles away

 

 

Rental growth (12m)

+90%

Sales demand

Balanced market

Capital growth (5yrs)

+27%

Property History

Price changed to £140,000

February 28, 2025

Listed for £154,995

January 6, 2025

Floor Plans

Description

  • MID TERRACE +
  • TWO DOUBLE BEDROOMS +
  • TWO RECEPTION ROOMS +
  • CLOSE TO LOCAL AMENTIES +
  • CLOSE TO TRANSPORT LINKS +

CHAIN FREE IDEAL FOR FIRST TIME BUYERS OR INVESTORS GREAT LOCATION DINING ROOM
McDermott & Co bring to the market this two bedroomed mid terrace perfect for first time buyers who are getting onto the property ladder or a buy to let investor. Internally briefly comprises of; entrance vestibule, lounge, dining room, 2 bedrooms and family bathroom. Externally is street fronted with space to park and a rear gated yard. Close proximity to other local schools, amenities and supermarkets. Close by access to the M60 motorway.

Entrance Vestibule - 1.04m x 0.86m (3'5 x 2'10) - Carpeted, neutral decor.

Lounge - 4.01m x 4.22m (13'2 x 13'10) - Front facing, carpeted, electric fire with surround and hearth, neutral decor.

Dining Room - 4.22m x 3.76m (13'10 x 12'4) - Rear facing, carpeted, wall lights, electric fire with surround and hearth, neutral decor, storage cupboard under the stairs.

Kitchen - 2.11m x 2.84m (6'11 x 9'4) - Rear facing, range of fitted wall and base units in Cherrywood finish with complimentary worktops. Inset sink and drainer with mixer taps over, built in electric oven and electric hob with extractor hood over, tiled splashback, vinyl flooring, door to rear yard.

Stairs - Carpeted, neutral decor.

Bedroom One - 4.01m x 4.27m (13'2 x 14'0) - Front facing, carpeted, storage cupboard, neutral decor.

Bedroom Two - 2.06m x 3.76m (6'9 x 12'4) - Rear facing, carpeted, neutral decor.

Family Bathroom - 1.68m x 2.46m (5'6 x 8'1) - Rear facing, three piece bathroom suite in white comprising sink and toilet, bath, fully tiled walls, vinyl flooring.

Externally - To the front there is small garden and a private concrete rear yard with outhouse for storage.

Tenure - We await this information.

Stamp Duty - Residential property rates
You usually pay Stamp Duty Land Tax (SDLT) on increasing portions of the property price when you buy residential property, for example a house or flat.
The amount you pay depends on:
•when you bought the property
•how much you paid for it
•whether you’re eligible for relief or an exemption
Rates for a single property
You pay SDLT at these rates if, after buying the property, it is the only residential property you own. You usually pay 5% on top of these rates if you own another residential property.
Rates up to 31 March 2025
Property or lease premium or transfer valueSDLTrate
Up to £250,000Zero
The next £675,000 (the portion from £250,001 to £925,000)5%
The next £575,000 (the portion from £925,001 to £1.5 million)10%
The remaining amount (the portion above £1.5 million)12%
Example
In October 2024 you buy a house for £295,000. The SDLT you owe will be calculated as follows:
•0% on the first £250,000 = £0
•5% on the final £45,000 = £2,250
•total SDLT = £2,250
Rates from 1 April 2025
Property or lease premium or transfer valueSDLTrate
Up to £125,000Zero
The next £125,000 (the portion from £125,001 to £250,000)2%
The next £675,000 (the portion from £250,001 to £925,000)5%
The next £575,000 (the portion from £925,001 to £1.5 million)10%
The remaining amount (the portion above £1.5 million)12%
Example
In April 2025 you buy a house for £295,000. The SDLT you owe will be calculated as follows:
•0% on the first £125,000 = £0
•2% on the second £125,000 = £2,500
•5% on the final £45,000 = £2,250
•total SDLT = £4,750

Agent Details

Mcdermott & Co Property Agents, Failsworth

0161 524 3146

Next Steps?

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