3 Bed Terraced House, Single Let, Manchester, M18 7HZ, £200,000

Waterhouse Road, Gorton, M18 7HZ - 2 months ago

Sold STC

BTL

ROI: 6%

~93 m²

+11 photos

ValuationOvervalued

Sold Prices	£70K - £305.6K
Sold Prices/m²	£889/m² - £3.9K/m²

Square Metres	~93 m²
Price/m²	£2.2K/m²
Value Estimate	£193,154£193,154

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£50,000£50,000
Stamp Duty & Legal Fees	£7,200£7,200
Total Cash In	£57,200£57,200

Cash Out
Rent Range	£1,000 - £3,300£1,000 - £3,300
Rent Estimate	£1,159
Running Costs/mo	£877£877
Cashflow/mo	£282£282
Cashflow/yr	£3,384£3,384
ROI	6%6%
Gross Yield	7%7%

Local Sold Prices

50 sold prices from £70K to £305.6K, average is £183.8K. £889/m² to £3.9K/m², average is £2.1K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£147.5K	03/21	0.02 mi	4, Waterhouse Road, Manchester, Greater Manchester M18 7HZ	£1,375	107	3	Terraced House
£150K	03/23	0.03 mi	32, Woodland Road, Gorton, Manchester, Greater Manchester M18 7JE	£1,765	85	3	Terraced House
£146K	11/20	0.04 mi	21, Dean Road, Gorton, Manchester, Greater Manchester M18 7JF	£1,678	87	3	Terraced House
£160K	12/23	0.08 mi	39, Reddish Lane, Manchester, Greater Manchester M18 7JH	£1,455	110	3	Terraced House
£123.3K	03/21	0.09 mi	5, Reddish Lane, Manchester, Greater Manchester M18 7JH	£1,433	86	3	Terraced House
£150K	08/21	0.14 mi	4, Woodland Avenue, Manchester, Greater Manchester M18 7HF	£1,724	87	3	Terraced House
£160K	09/23	0.14 mi	16, Woodland Avenue, Manchester, Greater Manchester M18 7HF	£1,720	93	3	Terraced House
£121K	12/20	0.16 mi	6, Brighton Range, Manchester, Greater Manchester M18 7LP	£1,274	95	3	Terraced House
£160K	07/21	0.16 mi	13, Brighton Range, Manchester, Greater Manchester M18 7LP	£1,839	87	3	Terraced House
£215K	12/22	0.16 mi	14, Brighton Range, Manchester, Greater Manchester M18 7LP	-	-	3	Terraced House
£168K	02/21	0.17 mi	13, Essex Road, Manchester, Greater Manchester M18 7JR	£2,154	78	3	Terraced House
£240K	03/23	0.17 mi	21, Essex Road, Manchester, Greater Manchester M18 7JR	-	-	3	Semi-Detached House
£240K	05/23	0.17 mi	20, Essex Road, Manchester, Greater Manchester M18 7JR	-	-	3	Terraced House
£165K	11/23	0.18 mi	2, Willow Grove, Manchester, Greater Manchester M18 7FG	£1,737	95	3	Terraced House
£96K	10/21	0.18 mi	8, Mayfield Grove, Manchester, Greater Manchester M18 7JS	£1,143	84	3	Terraced House
£181K	10/23	0.18 mi	11, Mayfield Grove, Manchester, Greater Manchester M18 7JS	£1,724	105	3	Terraced House
£216.5K	04/24	0.19 mi	6, Westbourne Range, Manchester, Greater Manchester M18 7LQ	£2,577	84	3	Terraced House
£250K	02/24	0.19 mi	37, Westbourne Range, Manchester, Greater Manchester M18 7LQ	£2,577	97	3	Semi-Detached House
£212K	07/24	0.19 mi	1, Westbourne Range, Manchester, Greater Manchester M18 7LQ	£2,280	93	3	Terraced House
£180K	06/23	0.19 mi	18, Ashfield Grove, Manchester, Greater Manchester M18 7SA	£2,250	80	3	Terraced House
£126K	03/23	0.21 mi	28, Ashfield Grove, Manchester, Greater Manchester M18 7SA	-	-	3	Terraced House
£164K	01/21	0.21 mi	13, Highfield Range, Manchester, Greater Manchester M18 7LR	£1,271	129	3	Terraced House
£247.5K	01/23	0.24 mi	79, Laburnum Road, Denton, Manchester, Greater Manchester M34 2WD	£2,878	86	3	Semi-Detached House
£212.5K	03/21	0.24 mi	28, Carlton Range, Manchester, Greater Manchester M18 7LS	£2,335	91	3	Semi-Detached House
£210K	10/21	0.27 mi	21, Claremont Range, Manchester, Greater Manchester M18 7LT	£1,736	121	3	Terraced House
£70K	05/23	0.28 mi	3, Tanners Street, Manchester, Greater Manchester M18 8WT	£889	79	3	Semi-Detached House
£236K	04/21	0.28 mi	1087, Hyde Road, Manchester, Greater Manchester M18 7LN	£2,185	108	3	Semi-Detached House
£245K	02/23	0.29 mi	9, Clumber Road, Manchester, Greater Manchester M18 7LX	-	-	3	Semi-Detached House
£255K	05/24	0.29 mi	10, Clumber Road, Manchester, Greater Manchester M18 7LX	£3,050	84	3	Semi-Detached House
£140K	06/24	0.31 mi	66, Highgate Crescent, Manchester, Greater Manchester M18 7EZ	£1,667	84	3	Terraced House
£220K	12/20	0.31 mi	107, Laburnum Road, Denton, Manchester, Greater Manchester M34 2NB	£2,037	108	3	Semi-Detached House
£244K	02/24	0.31 mi	111, Laburnum Road, Denton, Manchester, Greater Manchester M34 2NB	£2,681	91	3	Semi-Detached House
£237K	06/23	0.32 mi	66, Ash Road, Denton, Manchester, Greater Manchester M34 2NH	-	-	3	Terraced House
£175K	10/21	0.34 mi	42, Broadfield Grove, Stockport, Greater Manchester SK5 6XN	-	-	3	Terraced House
£186.5K	10/21	0.34 mi	11, Broadfield Grove, Stockport, Greater Manchester SK5 6XN	£2,799	67	3	Terraced House
£170K	03/21	0.34 mi	21, Broadfield Grove, Stockport, Greater Manchester SK5 6XN	£2,500	68	3	Semi-Detached House
£217.5K	06/24	0.35 mi	142, Laburnum Road, Denton, Manchester, Greater Manchester M34 2WB	£2,132	102	3	Terraced House
£165K	02/21	0.35 mi	9, Havers Road, Manchester, Greater Manchester M18 8UN	£2,292	72	3	Semi-Detached House
£305.6K	12/22	0.35 mi	68, High Bank, Manchester, Greater Manchester M18 8UL	-	-	3	Detached House
£135K	10/20	0.36 mi	28, Harrington Street, Manchester, Greater Manchester M18 8UQ	£2,077	65	3	Semi-Detached House
£210K	11/21	0.37 mi	35, Clumber Road, Manchester, Greater Manchester M18 7LZ	-	-	3	Semi-Detached House
£175K	11/20	0.37 mi	17, Dorlan Avenue, Manchester, Greater Manchester M18 7NA	£2,011	87	3	Semi-Detached House
£205K	04/23	0.37 mi	14, Ryder Brow Road, Manchester, Greater Manchester M18 7FX	£3,015	68	3	Semi-Detached House
£250K	04/24	0.38 mi	11, Hewitt Avenue, Denton, Manchester, Greater Manchester M34 2NP	£2,717	92	3	Semi-Detached House
£228K	04/23	0.38 mi	10, Hewitt Avenue, Denton, Manchester, Greater Manchester M34 2NP	-	-	3	Semi-Detached House
£200K	11/20	0.38 mi	20, Hewitt Avenue, Denton, Manchester, Greater Manchester M34 2NP	£2,561	78	3	Semi-Detached House
£175K	12/20	0.39 mi	23, Beresford Crescent, Stockport, Greater Manchester SK5 6NU	-	-	3	Semi-Detached House
£270K	05/22	0.39 mi	26, Beresford Crescent, Stockport, Greater Manchester SK5 6NU	£3,896	69	3	Detached House
£280K	11/23	0.39 mi	45, Norfolk Avenue, Denton, Manchester, Greater Manchester M34 2WL	£2,866	98	3	Semi-Detached House
£180K	04/24	0.39 mi	19, Milkwood Grove, Manchester, Greater Manchester M18 7FQ	£1,731	104	3	Terraced House

Local Rents

50 rents from £1K/mo to £3.3K/mo, average is £1.4K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,295	05/24	0.1 mi	-	3	Terraced House
£1,350	12/24	0.12 mi	-	3	Terraced House
£1,200	05/24	0.12 mi	Woodland Avenue, Gorton, Manchester, M18 7HF	3	Terraced House
£1,550	12/24	0.18 mi	-	3	Detached House
£1,550	12/24	0.18 mi	-	3	Terraced House
£1,450	02/25	0.18 mi	-	3	Detached House
£1,550	06/24	0.18 mi	Stainton Avenue, Manchester, M18	3	Terraced House
£3,300	12/24	0.18 mi	-	3	Flat
£3,300	02/25	0.18 mi	-	3	Flat
£3,300	02/25	0.18 mi	-	3	Flat
£2,600	02/25	0.18 mi	-	3	Semi-Detached House
£1,195	05/24	0.19 mi	Mayfield Grove, Manchester, M18	3	Terraced House
£1,300	12/24	0.19 mi	-	3	Terraced House
£1,350	12/24	0.22 mi	-	3	Terraced House
£1,250	02/25	0.25 mi	-	3	Terraced House
£1,550	12/23	0.28 mi	-	3	Semi-Detached House
£1,200	09/24	0.36 mi	Thornley Lane North, Stockport	3	Semi-Detached House
£1,195	12/24	0.36 mi	-	3	Flat
£1,250	01/25	0.36 mi	-	3	Flat
£1,350	12/24	0.36 mi	-	3	Semi-Detached House
£1,350	06/24	0.37 mi	Dorlan Avenue, Gorton, Manchester, M18	3	Semi-Detached House
£1,350	06/24	0.37 mi	Dorlan Avenue, Gorton, Manchester, M18	3	Semi-Detached House
£1,350	06/24	0.37 mi	Dorlan Avenue, Gorton, Manchester, M18	3	Semi-Detached House
£1,300	12/24	0.37 mi	-	3	Semi-Detached House
£1,300	09/24	0.38 mi	-	3	Semi-Detached House
£1,500	05/24	0.38 mi	Rainshaw Lane, Manchester, M18	3	Terraced House
£1,390	02/24	0.38 mi	-	3	Semi-Detached House
£1,300	05/24	0.38 mi	-	3	Terraced House
£1,600	05/24	0.38 mi	-	3	Terraced House
£1,500	02/24	0.38 mi	-	3	Terraced House
£1,500	05/24	0.39 mi	Shillingford Road, Manchester, M18	3	Terraced House
£1,390	12/23	0.39 mi	-	3	Semi-Detached House
£1,400	05/24	0.39 mi	-	3	Semi-Detached House
£1,400	05/24	0.39 mi	-	3	Semi-Detached House
£1,200	12/24	0.43 mi	Royston Avenue, Denton, Manchester, Greater Manchester, M34	3	Semi-Detached House
£1,250	05/24	0.45 mi	Orwell Avenue, Dane Bank, M34	3	Semi-Detached House
£1,350	05/24	0.45 mi	Fylde Lane, Gorton	3	House
£1,350	05/24	0.45 mi	Fylde Lane, Manchester, M18	3	House
£1,350	09/24	0.45 mi	-	3	Semi-Detached House
£1,300	03/25	0.47 mi	-	3	Terraced House
£1,195	05/24	0.48 mi	Yeadon Road, Gorton, Manchester	3	Flat
£1,050	08/24	0.49 mi	-	3	Terraced House
£1,450	02/25	0.5 mi	-	3	Terraced House
£1,350	03/25	0.5 mi	-	3	Terraced House
£1,000	05/24	0.5 mi	Sheerness Street, Gorton, M18	3	Terraced House
£1,200	02/25	0.51 mi	-	3	Terraced House
£1,350	08/24	0.52 mi	Cravenwood Road, Reddish, Stockport, Greater Manchester, SK5	3	Terraced House
£1,300	05/24	0.53 mi	-	3	Terraced House
£1,250	05/24	0.54 mi	Aysgarth Avenue, Manchester, M18	3	Semi-Detached House
£1,200	05/24	0.54 mi	Aysgarth Avenue, Abbey Hey	3	Semi-Detached House

Local Area Statistics

Population in M18	23,43223,432
Population in Manchester	920,095920,095
Town centre distance	3.69 miles away3.69 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.53 miles away0.53 miles away

Rental demand	Tenant's marketTenant's market
Rental growth (12m)	+69%+69%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+74%+74%

Property History

Listed for £200,000

January 8, 2025

Floor Plans

Description

Three Bedroom Terrace Home +
Immaculate Condition +
Two Reception Rooms +
Useful Cellar +
Close To Transport Links +

A fantastic FAMILY HOME! Checkout this BEAUTIFULLY PRESENTED THREE BEDROOM TERRACED HOME offered to the market. Situated just a stone throw away from a great grassed space, this home is certainly not one to miss as these properties do not come for sale often! You will find nearby access to major transport links via rail and road. There is also a wide range of local shops, supermarkets and cafes within walking distance. This incredible home briefly comprises of; an inviting entrance hallway, two large reception rooms, an EXTENDED modern kitchen, a useful cellar, three generous sized bedrooms and a beautiful bathroom suite. Externally, you will find a large yard and a frontage. Please call the Reddish branch to arrange a viewing!

Agent Details

Edward Mellor Ltd, Reddish

0161 524 6622

Next Steps?

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

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CashflowsOpen in Analyser

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Links

Local Area Statistics

Property History

Floor Plans

Description

Agent Details

Next Steps?

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