2 Bed Terraced House, Single Let, Manchester, M18 8QD, £115,000

Hawthorn Street, Gorton, Manchester, M18 8QD - 2 months ago

Sold STC
BTL
ROI: 11%
~68 m²

ValuationUndervalued

Sold Prices£69K - £197K
Sold Prices/m²£1.1K/m² - £2.8K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.7K/m²

Value Estimate

£128,924
BMV12%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£28,750

Stamp Duty & Legal Fees

£4,650

Total Cash In

£33,400

 

 

Cash Out

 

Rent Range

£825 - £1,350

Rent Estimate

£855

Running Costs/mo

£550

Cashflow/mo

£305

Cashflow/yr

£3,656

ROI

11%

Gross Yield

9%

Local Sold Prices

50 sold prices from £69K to £197K, average is £130K. £1.1K/m² to £2.8K/m², average is £1.9K/m².

PriceDateDistanceAddressBeds 
£90K12/230.02 mi12, Hollybush Street, Manchester, Greater Manchester M18 8PS2
£130K12/200.02 mi26, Ewan Street, Manchester, Greater Manchester M18 8WS2
£130K12/200.02 mi26, Ewan Street, Manchester, Greater Manchester M18 8WS2
£145K07/230.03 mi47, Carberry Road, Manchester, Greater Manchester M18 8PR2
£110K12/200.09 mi22, Carberry Road, Manchester, Greater Manchester M18 8PW2
£146K09/210.1 mi1, Plantation Street, Manchester, Greater Manchester M18 8PH2
£106K02/210.1 mi10, Plantation Street, Manchester, Greater Manchester M18 8PH2
£92K06/230.1 mi8, Crowther Street, Manchester, Greater Manchester M18 8PY2
£166K11/220.12 mi104, Cross Lane, Manchester, Greater Manchester M18 8NZ2
£163.5K08/240.14 mi65, Woodhouse Street, Manchester, Greater Manchester M18 8PA2
£137.5K02/230.15 mi32, Acheson Street, Manchester, Greater Manchester M18 8LQ2
£90K12/230.16 mi12, Bread Street, Manchester, Greater Manchester M18 8QF2
£130K08/230.16 mi26, Acheson Street, Manchester, Greater Manchester M18 8LQ2
£139.9K10/230.16 mi12, Acheson Street, Manchester, Greater Manchester M18 8LQ2
£135K03/230.16 mi18, Gidlow Street, Manchester, Greater Manchester M18 8GE2
£174K12/220.17 mi19, Aysgarth Avenue, Manchester, Greater Manchester M18 8RA2
£80K06/240.17 mi34, Longford Street, Manchester, Greater Manchester M18 8GQ2
£69K12/200.17 mi70, Longford Street, Manchester, Greater Manchester M18 8GQ2
£108K04/210.18 mi208, Lees Street, Abbey Hey, Manchester, Greater Manchester M18 8QN2
£136K11/200.18 mi55, Hobart Street, Manchester, Greater Manchester M18 8UR2
£100K02/240.18 mi15, Hobart Street, Manchester, Greater Manchester M18 8UR2
£160K05/230.19 mi201, Lees Street, Abbey Hey, Manchester, Greater Manchester M18 8GA2
£140K11/220.2 mi52, Hobart Street, Manchester, Greater Manchester M18 8UG2
£157.5K11/220.2 mi34, Sheerness Street, Manchester, Greater Manchester M18 8TY2
£121K02/230.2 mi57, Rockhampton Street, Manchester, Greater Manchester M18 8UP2
£149K06/240.2 mi48, Hobart Street, Manchester, Greater Manchester M18 8UG2
£106.5K09/210.21 mi17, Rockhampton Street, Manchester, Greater Manchester M18 8UP2
£114.5K08/230.21 mi17, Rockhampton Street, Manchester, Greater Manchester M18 8UP2
£130K03/230.21 mi63, Rockhampton Street, Manchester, Greater Manchester M18 8UP2
£118K05/210.22 mi11, Jessop Street, Manchester, Greater Manchester M18 8TZ2
£94K10/200.22 mi56, Rockhampton Street, Manchester, Greater Manchester M18 8UW2
£132K06/240.22 mi5, Roxburgh Street, Manchester, Greater Manchester M18 8WX2
£160.2K06/230.23 mi4, Ernocroft Grove, Manchester, Greater Manchester M18 8GB2
£115K05/230.23 mi45, Harrington Street, Manchester, Greater Manchester M18 8UQ2
£145K12/230.25 mi41, Corrigan Street, Manchester, Greater Manchester M18 8QS2
£197K01/240.27 mi14, Kirkham Avenue, Manchester, Greater Manchester M18 8WN2
£138K07/220.27 mi7, Franklyn Road, Manchester, Greater Manchester M18 8QX2
£133K11/200.28 mi30, Garlick Street, Manchester, Greater Manchester M18 8UB2
£133K11/200.28 mi30, Garlick Street, Manchester, Greater Manchester M18 8UB2
£115K12/200.36 mi24, Sandown Street, Manchester, Greater Manchester M18 8SA2
£102.5K11/200.36 mi52, Madison Street, Manchester, Greater Manchester M18 8SD2
£115K01/230.36 mi19, Gordon Street, Abbey Hey, Manchester, Greater Manchester M18 8SL2
£155K02/230.37 mi3, Kenyon Street, Manchester, Greater Manchester M18 8SH2
£135K03/230.37 mi297, Abbey Hey Lane, Abbey Hey, Manchester, Greater Manchester M18 8RH2
£141K07/230.37 mi8, Gordon Street, Abbey Hey, Manchester, Greater Manchester M18 8SL2
£125K07/210.37 mi36, Gordon Street, Abbey Hey, Manchester, Greater Manchester M18 8SL2
£130K03/240.37 mi13, Gordon Street, Abbey Hey, Manchester, Greater Manchester M18 8SL2
£70K10/230.38 mi20, Kirkman Close, Manchester, Greater Manchester M18 7EA2
£129K06/230.38 mi43, Walter Street, Abbey Hey, Manchester, Greater Manchester M18 8SW2
£105K02/240.38 mi29, Walter Street, Abbey Hey, Manchester, Greater Manchester M18 8SW2

Local Rents

52 rents from £825/mo to £1.4K/mo, average is £985/mo.

RentDateDistanceAddressBeds 
£90005/240.01 miHawthorn Street, Gorton, MANCHESTER, M182
£1,05012/240.06 mi-2
£1,20012/240.1 mi-2
£99501/250.12 mi-2
£82505/240.15 mi4 Maybury Street, Manchester, Greater Manchester, M18 8GP2
£95006/240.15 miAcheson Street, Manchester2
£87512/240.16 mi-2
£1,00005/240.16 miAshkirk Street, Manchester2
£95005/240.17 miLongford Street, Manchester, M182
£99506/240.2 miRockhampton Street, Manchester, M182
£90005/240.21 miRockhampton Street, Gorton, Manchester, M182
£95006/240.21 miJessop Street, Manchester, Greater Manchester, M182
£1,10012/240.22 mi-2
£1,30012/240.22 mi-2
£95005/240.24 mi-2
£95006/240.24 mi-2
£95012/240.24 mi-2
£1,05005/240.26 miKirk Street, Gorton, Manchester, M182
£1,05006/240.26 miKirk Street, Gorton, Manchester, M182
£1,35005/240.26 mi-2
£1,05001/250.28 mi-2
£1,08003/250.29 mi-2
£1,00005/240.3 mi-2
£1,00005/240.3 mi-2
£1,05003/250.3 mi-2
£1,30003/250.3 mi-2
£1,15005/240.31 miGrapevine Avenue, Manchester, Greater Manchester, M182
£97512/240.34 mi-2
£90012/240.34 mi-2
£90002/240.35 mi-2
£90002/240.35 mi-2
£89505/240.36 miMadison Street, Abbey Hey, Manchester, Greater Manchester, M182
£95005/240.36 miJetson Street, Manchester2
£1,00005/240.4 mi-2
£95005/240.41 mi-2
£90012/240.43 mi-2
£90005/240.43 mi-2
£1,10012/240.44 mi-2
£1,17005/240.45 mi-2
£1,25002/250.45 mi-2
£1,20003/250.45 mi-2
£87012/240.46 mi-2
£87012/240.46 mi-2
£95012/240.47 mi-2
£95005/240.47 mi-2
£95005/240.47 miMontana Square, Manchester, M112
£95012/240.49 mi-2
£85005/240.5 mi-2
£1,00005/240.54 miCampbell House, Ashton Road, Openshaw2
£1,02505/240.54 miCampbell House, Ashton Road, Openshaw2
£1,29912/240.54 mi-2
£1,05005/240.56 mi-2

Local Area Statistics

Population in M18

23,432

Population in Manchester

920,095

Town centre distance

3.50 miles away

Nearest school

0.20 miles away

Nearest train station

0.25 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+69%

Sales demand

Seller's market

Capital growth (5yrs)

+74%

Property History

Listed for £115,000

January 15, 2025

Floor Plans

Description

  • Fantastic Location +
  • First Time Buyers Welcome +
  • Great Investment +
  • Two Double Bedrooms +
  • Two Reception Rooms +
  • Family Bathroom +
  • Separate Kitchen +
  • Yard To The Back +
  • Terrence House +
  • EPC Rating E +

This two-bedroom period mid-terrace property offers a great opportunity for first-time buyers or buy-to-let investors. The property includes two reception rooms, a kitchen, two double bedrooms, and a bathroom. Located in a popular area of Gorton, it is conveniently close to local transport links, shops, and amenities. With its potential and prime location, this property is ideal for those seeking a comfortable home or an investment in a well-connected area.

Subject to contract. EPC Rating E

Agent Details

Thornley Groves, Manchester Southern Gateway

0161 524 4726

Next Steps?

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