2 Bed Terraced House, Single Let, Manchester, M18 8LY, £170,000

Chapman Street, Gorton, Manchester, M18 8LY - a month ago

BTL
ROI: 4%
~68 m²
+7 photos

ValuationOvervalued

Sold Prices£69K - £243K
Sold Prices/m²£1K/m² - £3.1K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.5K/m²

Value Estimate

£142,813

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£42,500

Stamp Duty & Legal Fees

£6,450

Total Cash In

£48,950

 

 

Cash Out

 

Rent Range

£825 - £1,350

Rent Estimate

£900

Running Costs/mo

£731

Cashflow/mo

£169

Cashflow/yr

£2,025

ROI

4%

Gross Yield

6%

Local Sold Prices

50 sold prices from £69K to £243K, average is £132.5K. £1K/m² to £3.1K/m², average is £2.1K/m².

PriceDateDistanceAddressBeds 
£137.5K02/230.04 mi32, Acheson Street, Manchester, Greater Manchester M18 8LQ2
£110K12/200.04 mi22, Carberry Road, Manchester, Greater Manchester M18 8PW2
£130K08/230.05 mi26, Acheson Street, Manchester, Greater Manchester M18 8LQ2
£139.9K10/230.05 mi12, Acheson Street, Manchester, Greater Manchester M18 8LQ2
£92K06/230.12 mi8, Crowther Street, Manchester, Greater Manchester M18 8PY2
£130K12/200.13 mi26, Ewan Street, Manchester, Greater Manchester M18 8WS2
£130K12/200.13 mi26, Ewan Street, Manchester, Greater Manchester M18 8WS2
£90K12/230.13 mi12, Hollybush Street, Manchester, Greater Manchester M18 8PS2
£157.5K11/220.14 mi34, Sheerness Street, Manchester, Greater Manchester M18 8TY2
£146K09/210.14 mi1, Plantation Street, Manchester, Greater Manchester M18 8PH2
£106K02/210.14 mi10, Plantation Street, Manchester, Greater Manchester M18 8PH2
£145K07/230.14 mi47, Carberry Road, Manchester, Greater Manchester M18 8PR2
£132K06/240.14 mi5, Roxburgh Street, Manchester, Greater Manchester M18 8WX2
£118K05/210.15 mi11, Jessop Street, Manchester, Greater Manchester M18 8TZ2
£166K11/220.16 mi104, Cross Lane, Manchester, Greater Manchester M18 8NZ2
£163.5K08/240.16 mi65, Woodhouse Street, Manchester, Greater Manchester M18 8PA2
£136K11/200.19 mi55, Hobart Street, Manchester, Greater Manchester M18 8UR2
£100K02/240.19 mi15, Hobart Street, Manchester, Greater Manchester M18 8UR2
£140K11/220.2 mi52, Hobart Street, Manchester, Greater Manchester M18 8UG2
£149K06/240.2 mi48, Hobart Street, Manchester, Greater Manchester M18 8UG2
£121K02/230.21 mi57, Rockhampton Street, Manchester, Greater Manchester M18 8UP2
£106.5K09/210.22 mi17, Rockhampton Street, Manchester, Greater Manchester M18 8UP2
£114.5K08/230.22 mi17, Rockhampton Street, Manchester, Greater Manchester M18 8UP2
£130K03/230.22 mi63, Rockhampton Street, Manchester, Greater Manchester M18 8UP2
£197K01/240.22 mi14, Kirkham Avenue, Manchester, Greater Manchester M18 8WN2
£133K11/200.23 mi30, Garlick Street, Manchester, Greater Manchester M18 8UB2
£133K11/200.23 mi30, Garlick Street, Manchester, Greater Manchester M18 8UB2
£94K10/200.23 mi56, Rockhampton Street, Manchester, Greater Manchester M18 8UW2
£80K06/240.23 mi34, Longford Street, Manchester, Greater Manchester M18 8GQ2
£69K12/200.23 mi70, Longford Street, Manchester, Greater Manchester M18 8GQ2
£115K05/230.24 mi45, Harrington Street, Manchester, Greater Manchester M18 8UQ2
£126K07/210.26 mi33, Middlewich Walk, Manchester, Greater Manchester M18 8JL2
£90K12/230.27 mi12, Bread Street, Manchester, Greater Manchester M18 8QF2
£135K03/230.27 mi18, Gidlow Street, Manchester, Greater Manchester M18 8GE2
£174K12/220.28 mi19, Aysgarth Avenue, Manchester, Greater Manchester M18 8RA2
£108K04/210.29 mi208, Lees Street, Abbey Hey, Manchester, Greater Manchester M18 8QN2
£160K05/230.3 mi201, Lees Street, Abbey Hey, Manchester, Greater Manchester M18 8GA2
£136.8K04/210.32 mi32, Buttress Street, Manchester, Greater Manchester M18 8EG2
£70K10/230.33 mi20, Kirkman Close, Manchester, Greater Manchester M18 7EA2
£160.2K06/230.33 mi4, Ernocroft Grove, Manchester, Greater Manchester M18 8GB2
£150K09/210.33 mi31, Haworth Road, Manchester, Greater Manchester M18 7EN2
£105K11/200.34 mi49, Agnew Road, Manchester, Greater Manchester M18 7AR2
£147K04/210.35 mi21, Parkdale Avenue, Manchester, Greater Manchester M18 7AG2
£165K08/240.36 mi9, Pipewell Avenue, Manchester, Greater Manchester M18 8ZA2
£130K06/230.36 mi47, Bakewell Street, Manchester, Greater Manchester M18 7AQ2
£145K12/230.36 mi41, Corrigan Street, Manchester, Greater Manchester M18 8QS2
£243K11/220.37 mi36, Far Lane, Manchester, Greater Manchester M18 7FF2
£138K07/220.38 mi7, Franklyn Road, Manchester, Greater Manchester M18 8QX2
£80K12/220.38 mi39, Beckett Street, Manchester, Greater Manchester M18 7AS2
£137.5K02/210.4 mi48, Far Lane, Manchester, Greater Manchester M18 7FF2

Local Rents

52 rents from £825/mo to £1.4K/mo, average is £963/mo.

RentDateDistanceAddressBeds 
£95006/240.04 miAcheson Street, Manchester2
£1,00005/240.07 miAshkirk Street, Manchester2
£1,20012/240.07 mi-2
£90005/240.11 miHawthorn Street, Gorton, MANCHESTER, M182
£1,05012/240.15 mi-2
£95006/240.15 miJessop Street, Manchester, Greater Manchester, M182
£99501/250.15 mi-2
£1,05001/250.17 mi-2
£90005/240.21 miRockhampton Street, Gorton, Manchester, M182
£99506/240.21 miRockhampton Street, Manchester, M182
£1,10012/240.22 mi-2
£1,30012/240.22 mi-2
£95005/240.23 miLongford Street, Manchester, M182
£82505/240.24 mi4 Maybury Street, Manchester, Greater Manchester, M18 8GP2
£87512/240.24 mi-2
£1,05005/240.24 miKirk Street, Gorton, Manchester, M182
£1,05006/240.24 miKirk Street, Gorton, Manchester, M182
£1,08002/250.26 mi-2
£1,00005/240.27 mi-2
£1,00005/240.27 mi-2
£1,05003/250.27 mi-2
£95005/240.32 mi-2
£1,20003/250.33 mi-2
£95005/240.34 mi-2
£95006/240.34 mi-2
£95012/240.34 mi-2
£1,17005/240.34 mi-2
£1,25003/250.34 mi-2
£90005/240.34 mi-2
£1,35005/240.37 mi-2
£1,15005/240.41 miGrapevine Avenue, Manchester, Greater Manchester, M182
£97512/240.45 mi-2
£90012/240.45 mi-2
£90002/240.46 mi-2
£90002/240.46 mi-2
£89505/240.47 miMadison Street, Abbey Hey, Manchester, Greater Manchester, M182
£95005/240.48 miJetson Street, Manchester2
£95012/240.48 mi-2
£95012/240.51 mi-2
£1,00005/240.51 mi-2
£90012/240.53 mi-2
£1,25012/240.55 mi-2
£1,10012/240.56 mi-2
£1,20003/250.56 mi-2
£95005/240.57 mi-2
£95005/240.57 miMontana Square, Manchester, M112
£87012/240.57 mi-2
£87012/240.57 mi-2
£97512/240.58 mi-2
£92505/240.58 miHyde Road, Manchester, M12 5PS2
£1,05005/240.59 mi-2
£95005/240.59 miBuckley Road, Gorton2

Local Area Statistics

Population in M18

23,432

Population in Manchester

920,095

Town centre distance

3.38 miles away

Nearest school

0.10 miles away

Nearest train station

0.30 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+69%

Sales demand

Seller's market

Capital growth (5yrs)

+74%

Property History

Price changed to £170,000

March 4, 2025

Listed for £175,000

February 5, 2025

Floor Plans

Description

  • Two Double Bedrooms +
  • Investment Opportunity +
  • 6% Yield +
  • Close to Transport Links & Amenities +

*INVESTORS ONLY - BTL OPPORTUNITY*
A spacious, two double bedroom terraced property on Chapman Street in Gorton. The property is currently tenanted, with a rental income of £900pcm, offering a 6% yield.

Comprising of; entrance porch, open plan living/dining space, spacious kitchen to the rear with access out to the private rear garden. Upstairs there are two good sized double bedrooms, and a four piece bathroom suite with seperate bath and shower cubicle.

The property itself is conveniently located within close proximity to local amenities and transport links, with easy access into Manchester City Centre.

EPC Rating - E.
*Photos were taken prior to the current tenant moving in*

Agent Details

Julian Wadden, Stockport

0161 524 7110

Next Steps?

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