3 Bed Terraced House, Single Let, Manchester, M18 8GN, £170,000

Brightman Street, Manchester, M18 8GN - 2 months ago

Under Offer
BTL
ROI: 5%
~93 m²

ValuationFair Value

Sold Prices£85K - £240K
Sold Prices/m²£1K/m² - £3.4K/m²

 

 

Square Metres

~93 m²
Price/m²£1.8K/m²

Value Estimate

£170,401

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£42,500

Stamp Duty & Legal Fees

£6,300

Total Cash In

£48,800

 

 

Cash Out

 

Rent Range

£950 - £1,700

Rent Estimate

£964

Running Costs/mo

£744

Cashflow/mo

£220

Cashflow/yr

£2,639

ROI

5%

Gross Yield

7%

Local Sold Prices

50 sold prices from £85K to £240K, average is £160.5K. £1K/m² to £3.4K/m², average is £1.8K/m².

PriceDateDistanceAddressBeds 
£130K12/200.03 mi17, Welbeck Street, Manchester, Greater Manchester M18 8GW3
£168K11/230.03 mi5, Welbeck Street, Manchester, Greater Manchester M18 8GW3
£163.5K02/210.05 mi78, Longford Street, Manchester, Greater Manchester M18 8GQ3
£145K06/230.05 mi30, Longford Street, Manchester, Greater Manchester M18 8GQ3
£110K11/200.07 mi47, Constable Street, Manchester, Greater Manchester M18 8QQ3
£157K08/230.07 mi5, Walmer Street, Abbey Hey, Manchester, Greater Manchester M18 8QP3
£148K03/230.07 mi18, Walmer Street, Abbey Hey, Manchester, Greater Manchester M18 8QP3
£225K10/220.09 mi1, Beeth Street, Manchester, Greater Manchester M11 1NP3
£130K02/230.09 mi145, Lees Street, Abbey Hey, Manchester, Greater Manchester M18 8QL3
£155K04/240.11 mi42, Constable Street, Manchester, Greater Manchester M18 8QJ3
£195K10/210.14 mi39, Annable Road, Manchester, Greater Manchester M18 8QR3
£232K09/220.14 mi38, Paprika Close, Manchester, Greater Manchester M11 2LS3
£185K04/210.16 mi34, Paprika Close, Manchester, Greater Manchester M11 2LS3
£166K04/230.16 mi212, Chapman Street, Manchester, Greater Manchester M18 8WQ3
£112K10/210.17 mi21, Alvan Square, Manchester, Greater Manchester M11 1WU3
£124K10/200.17 mi17, Elsdon Drive, Manchester, Greater Manchester M18 8WG3
£160K03/210.17 mi13, Elsdon Drive, Manchester, Greater Manchester M18 8WG3
£195K11/230.18 mi14, Franklyn Road, Manchester, Greater Manchester M18 8QX3
£151K02/240.18 mi9, Pinnington Road, Manchester, Greater Manchester M18 8NR3
£184K08/210.18 mi249, Chapman Street, Manchester, Greater Manchester M18 8NG3
£155K01/240.19 mi30, Pinnington Road, Manchester, Greater Manchester M18 8WR3
£116K01/210.2 mi42, Long Street, Manchester, Greater Manchester M18 8QT3
£117K11/200.22 mi8, Reed Street, Manchester, Greater Manchester M18 8JT3
£166K03/230.22 mi12, Wellesley Avenue, Manchester, Greater Manchester M18 8WJ3
£155K11/200.22 mi229, Chapman Street, Manchester, Greater Manchester M18 8WP3
£185K02/230.22 mi18, Seddon Avenue, Manchester, Greater Manchester M18 8NW3
£107.5K11/210.23 mi42, Godwin Street, Manchester, Greater Manchester M18 8GS3
£180K09/230.24 mi37, Seddon Avenue, Manchester, Greater Manchester M18 8NW3
£173K06/240.24 mi31, Seddon Avenue, Manchester, Greater Manchester M18 8NW3
£170K09/230.24 mi3, Seddon Avenue, Manchester, Greater Manchester M18 8NW3
£140K04/230.24 mi25, Seddon Avenue, Manchester, Greater Manchester M18 8NW3
£170K03/230.25 mi14, Lees Street, Openshaw, Manchester, Greater Manchester M11 1WH3
£133.5K06/230.25 mi12, Lees Street, Openshaw, Manchester, Greater Manchester M11 1WH3
£145K02/210.25 mi22, Field Street, Manchester, Greater Manchester M18 8GT3
£173K09/230.25 mi36, Kirkham Avenue, Manchester, Greater Manchester M18 8WN3
£155.5K11/230.26 mi35, Chisholm Street, Manchester, Greater Manchester M11 2LF3
£160K11/210.26 mi36, Carberry Road, Manchester, Greater Manchester M18 8PG3
£178K04/240.26 mi50, Carberry Road, Manchester, Greater Manchester M18 8PG3
£105K10/200.26 mi58, Carberry Road, Manchester, Greater Manchester M18 8PG3
£147.5K02/230.26 mi19, Weaver Walk, Openshaw, Manchester, Greater Manchester M11 2LG3
£175K02/230.27 mi160, Chapman Street, Manchester, Greater Manchester M18 8LZ3
£161K02/230.27 mi2, Hawthorn Street, Manchester, Greater Manchester M18 8PT3
£170K10/230.27 mi4, Winfield Drive, Manchester, Greater Manchester M18 8NQ3
£85K12/220.27 mi373, Abbey Hey Lane, Abbey Hey, Manchester, Greater Manchester M18 8RB3
£165K05/210.27 mi58, Ketton Close, Manchester, Greater Manchester M11 1NA3
£240K08/240.28 mi8, Aysgarth Avenue, Manchester, Greater Manchester M18 8RA3
£142K02/230.28 mi24, Claymore Street, Manchester, Greater Manchester M18 8SP3
£180K02/230.28 mi30, Goring Avenue, Manchester, Greater Manchester M18 8WW3
£218K01/230.28 mi1, Reynolds Drive, Manchester, Greater Manchester M18 8NJ3
£201K12/220.28 mi5, Claymore Street, Manchester, Greater Manchester M18 8SQ3

Local Rents

42 rents from £950/mo to £1.7K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,40012/240.02 mi-3
£1,15006/240.03 miWelbeck Street, Manchester, M183
£99505/240.05 miLongford Street, Manchester, Greater Manchester, M183
£1,40003/250.06 mi-3
£1,40005/240.06 mi-3
£1,30005/240.06 miWalmer Street, Abbey Hey, Manchester3
£1,15005/240.07 miLongford Street, M183
£1,20001/250.15 mi-3
£1,25005/240.21 miHollybush Street, Manchester, M183
£1,20005/240.25 miAysgarth Avenue, Abbey Hey3
£1,25005/240.26 miAysgarth Avenue, Manchester, M183
£1,20005/240.26 miCarberry Road, Gorton, Manchester, M183
£95005/240.27 miCarberry Road, Gorton3
£1,50012/240.27 mi-3
£1,50002/250.27 mi-3
£1,19505/240.28 miReynolds Drive, Manchester, M183
£1,39505/240.28 mi-3
£1,30005/240.28 mi-3
£1,27505/240.29 miWistaria Road, Manchester, M183
£1,27512/240.29 mi-3
£1,15012/240.29 mi-3
£1,15012/240.32 mi-3
£96012/240.32 mi-3
£1,40002/250.34 mi-3
£1,19506/240.35 miJetson Street, Abbey Hey, M18 8SZ3
£1,10012/240.36 mi-3
£1,60001/250.37 mi-3
£1,20004/240.37 mi-3
£1,00005/240.39 mi Sheerness Street, Gorton, M183
£1,25012/240.39 mi-3
£1,20010/240.4 mi-3
£1,20002/250.41 mi-3
£1,70005/240.42 mi-3
£1,70005/240.42 mi-3
£1,50012/240.42 mi-3
£1,50003/250.43 mi-3
£1,05012/240.46 mi-3
£1,25001/250.52 mi-3
£1,19512/240.52 mi-3
£1,50012/240.55 mi-3
£1,55001/250.55 mi-3
£1,20011/240.57 mi-3

Local Area Statistics

Population in M18

23,432

Population in Manchester

920,095

Town centre distance

3.56 miles away

Nearest school

0.30 miles away

Nearest train station

0.05 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+69%

Sales demand

Seller's market

Capital growth (5yrs)

+74%

Property History

Listed for £170,000

January 15, 2025

Description

Very pleasant family terrace home with 3 Bedrooms (2 Double/1 Single) 2 Reception Rooms, Fully Fitted Kitchen and Shower/Wet Room offering good size accommodation decorated to a good standard and situated in a very popular location. Call now for more information and to arrange a viewing.

Agent Details

EasyHomes, Manchester

0161 524 9534

Next Steps?

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