2 Bed Terraced House, Single Let, Manchester, M11 1AR, £95,000

34 Cheadle Street, Openshaw, M11 1AR. - 4 views - 2 months ago

Sold STC

Auction

BTL

ROI: 5%

90 m²

ValuationUndervalued

Sold Prices	£40K - £222K
Sold Prices/m²	£513/m² - £4.7K/m²

Square Metres	89.70 m²
Price/m²	£1.1K/m²
Value Estimate	£119,560£119,560
BMV	22%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£23,750£23,750
Stamp Duty & Legal Fees	£4,140£4,140
Total Cash In	£27,890£27,890

Cash Out
Rent Range	£800 - £2,400£800 - £2,400
Rent Estimate	£550
Running Costs/mo	£427£427
Cashflow/mo	£123£123
Cashflow/yr	£1,478£1,478
ROI	5%5%
Gross Yield	7%7%

Local Sold Prices

50 sold prices from £40K to £222K, average is £136K. £513/m² to £4.7K/m², average is £1.8K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£132.1K	01/23	0.2 mi	54, Wheler Street, Manchester, Greater Manchester M11 1DF	£1,861	71	2	Terraced House
£118.5K	10/22	0.22 mi	77, Wheler Street, Manchester, Greater Manchester M11 1DT	£1,769	67	2	Terraced House
£145K	12/20	0.23 mi	16, Bendall Street, Manchester, Greater Manchester M11 1GE	-	-	2	Semi-Detached House
£91.8K	11/20	0.24 mi	10, Meech Street, Manchester, Greater Manchester M11 2JL	£1,369	67	2	Terraced House
£175.8K	07/23	0.26 mi	28, Reading Close, Manchester, Greater Manchester M11 1UA	£3,232	54	2	Terraced House
£80K	10/20	0.27 mi	14, Timperley Street, Manchester, Greater Manchester M11 2JG	£1,250	64	2	Terraced House
£222K	02/23	0.3 mi	15, Brinklow Close, Manchester, Greater Manchester M11 1NH	£4,723	47	2	Detached House
£100K	04/21	0.31 mi	39, Meech Street, Manchester, Greater Manchester M11 2JJ	£973	103	2	Terraced House
£161K	11/22	0.33 mi	20, Tinningham Close, Manchester, Greater Manchester M11 1NB	£3,286	49	2	Detached House
£155K	01/24	0.33 mi	89, Lees Street, Openshaw, Manchester, Greater Manchester M11 1NW	£1,685	92	2	Terraced House
£145K	01/23	0.35 mi	126, Edge Lane, Droylsden, Manchester, Greater Manchester M43 6BA	£1,768	82	2	Terraced House
£85K	02/21	0.37 mi	28, Connie Street, Manchester, Greater Manchester M11 2JT	£1,365	62	2	Terraced House
£75K	02/21	0.37 mi	17, Connie Street, Manchester, Greater Manchester M11 2JT	-	-	2	Terraced House
£150K	02/23	0.37 mi	94, Edge Lane, Droylsden, Manchester, Greater Manchester M43 6BA	£2,206	68	2	Terraced House
£159K	04/21	0.39 mi	2, Merton Drive, Droylsden, Manchester, Greater Manchester M43 6BH	£2,013	79	2	Semi-Detached House
£192K	11/23	0.41 mi	2, Mere Avenue, Droylsden, Manchester, Greater Manchester M43 6BF	-	-	2	Semi-Detached House
£148K	11/21	0.42 mi	4, Eastwood Avenue, Droylsden, Manchester, Greater Manchester M43 6BJ	£1,973	75	2	Semi-Detached House
£130.1K	02/23	0.42 mi	17, Greenside Street, Manchester, Greater Manchester M11 2EX	£1,288	101	2	Terraced House
£110.5K	06/21	0.43 mi	70, Ackroyd Street, Manchester, Greater Manchester M11 1WT	£1,300	85	2	Semi-Detached House
£155K	03/21	0.44 mi	13, Eastwood Avenue, Droylsden, Manchester, Greater Manchester M43 6BN	£2,422	64	2	Semi-Detached House
£210.5K	11/23	0.44 mi	17, Eastwood Avenue, Droylsden, Manchester, Greater Manchester M43 6BN	£2,924	72	2	Semi-Detached House
£160K	08/23	0.44 mi	460, Manchester Road, Droylsden, Manchester, Greater Manchester M43 6QZ	-	-	2	Terraced House
£105K	01/21	0.44 mi	28, Vine Street, Manchester, Greater Manchester M11 1LJ	£1,265	83	2	Terraced House
£101.5K	11/21	0.45 mi	12, Vincent Street, Manchester, Greater Manchester M11 2FU	£1,180	86	2	Terraced House
£105K	03/23	0.45 mi	12, Vincent Street, Manchester, Greater Manchester M11 2FU	£1,221	86	2	Terraced House
£180K	11/23	0.46 mi	32, Keston Avenue, Droylsden, Manchester, Greater Manchester M43 6BL	£2,466	73	2	Semi-Detached House
£180K	04/23	0.46 mi	22, Keston Avenue, Droylsden, Manchester, Greater Manchester M43 6BL	-	-	2	Semi-Detached House
£128.5K	03/21	0.46 mi	9, Keston Avenue, Droylsden, Manchester, Greater Manchester M43 6BL	£1,760	73	2	Semi-Detached House
£135K	03/21	0.46 mi	1, Copperas Lane, Droylsden, Manchester, Greater Manchester M43 6HP	-	-	2	Semi-Detached House
£150K	08/21	0.46 mi	317, Edge Lane, Droylsden, Manchester, Greater Manchester M43 6LU	£2,459	61	2	Semi-Detached House
£155K	09/21	0.48 mi	16, Rainow Avenue, Droylsden, Manchester, Greater Manchester M43 6HW	-	-	2	Semi-Detached House
£164K	02/21	0.48 mi	4, Rainow Avenue, Droylsden, Manchester, Greater Manchester M43 6HW	£1,726	95	2	Semi-Detached House
£135K	03/21	0.49 mi	31, Dargai Street, Manchester, Greater Manchester M11 4PW	£1,753	77	2	Terraced House
£125K	08/23	0.49 mi	51, Dargai Street, Manchester, Greater Manchester M11 4PW	£1,563	80	2	Terraced House
£173K	02/23	0.5 mi	60, Hamnett Street, Droylsden, Manchester, Greater Manchester M43 6LW	£2,883	60	2	Terraced House
£115K	12/20	0.51 mi	203, Manor Road, Droylsden, Manchester, Greater Manchester M43 6JA	£1,797	64	2	Terraced House
£190K	02/24	0.53 mi	3, Foxley Close, Droylsden, Manchester, Greater Manchester M43 6HS	£3,065	62	2	Semi-Detached House
£163K	06/23	0.54 mi	665, Ashton New Road, Manchester, Greater Manchester M11 4QJ	-	-	2	Terraced House
£80K	06/24	0.55 mi	34, Longford Street, Manchester, Greater Manchester M18 8GQ	£1,143	70	2	Terraced House
£69K	12/20	0.55 mi	70, Longford Street, Manchester, Greater Manchester M18 8GQ	£1,211	57	2	Semi-Detached House
£113K	03/21	0.56 mi	348, Edge Lane, Droylsden, Manchester, Greater Manchester M43 6JJ	£2,404	47	2	Terraced House
£121K	11/20	0.56 mi	350, Edge Lane, Droylsden, Manchester, Greater Manchester M43 6JJ	£1,458	83	2	Terraced House
£197K	01/24	0.56 mi	14, Kirkham Avenue, Manchester, Greater Manchester M18 8WN	-	-	2	Terraced House
£40K	03/21	0.56 mi	33, Stokes Street, Manchester, Greater Manchester M11 4SJ	£513	78	2	Terraced House
£144K	04/21	0.57 mi	46, Delamere Street, Manchester, Greater Manchester M11 1JY	£1,694	85	2	Terraced House
£115K	04/21	0.6 mi	271, Manchester Road, Droylsden, Manchester, Greater Manchester M43 6HF	£1,917	60	2	Terraced House
£138K	07/22	0.61 mi	7, Franklyn Road, Manchester, Greater Manchester M18 8QX	-	-	2	Semi-Detached House
£100K	05/23	0.61 mi	31, Powell Street, Clayton, Manchester, Greater Manchester M11 4GA	-	-	2	Terraced House
£117.5K	04/21	0.61 mi	34, Buckingham Road, Droylsden, Manchester, Greater Manchester M43 6WF	-	-	2	Semi-Detached House
£137K	10/23	0.61 mi	9, Coatbridge Street, Manchester, Greater Manchester M11 4RL	£1,930	71	2	Terraced House

Local Rents

48 rents from £800/mo to £2.4K/mo, average is £975/mo.

Rent	Date	Distance	Address	Beds	Type
£850	04/25	0.05 mi	-	2	Terraced House
£1,050	03/25	0.05 mi	-	2	Terraced House
£1,050	03/25	0.05 mi	-	2	Terraced House
£1,200	04/25	0.07 mi	-	2	Terraced House
£975	06/24	0.08 mi	Old Lane, Manchester, M11	2	Terraced House
£1,100	11/24	0.22 mi	-	2	Terraced House
£1,200	03/25	0.25 mi	Eccles Close, Manchester, M11	2	Terraced House
£925	10/24	0.25 mi	-	2	Terraced House
£890	05/24	0.3 mi	-	2	Terraced House
£890	05/24	0.3 mi	-	2	Terraced House
£890	01/24	0.3 mi	-	2	Terraced House
£890	05/24	0.3 mi	-	2	Terraced House
£890	05/24	0.3 mi	-	2	Terraced House
£890	05/24	0.3 mi	-	2	Terraced House
£1,200	05/24	0.37 mi	-	2	Flat
£1,000	05/24	0.38 mi	Ashton Old Road, Manchester, Greater Manchester, M11	2	Flat
£1,000	05/24	0.41 mi	Campbell House, Ashton Road, Openshaw	2	Flat
£1,025	05/24	0.41 mi	Campbell House, Ashton Road, Openshaw	2	Flat
£1,200	03/25	0.41 mi	-	2	Terraced House
£1,100	04/25	0.41 mi	-	2	Terraced House
£895	05/24	0.43 mi	Cuthbert Copse, 3 Greenside Street, Beswick, Manchester, M11	2	Flat
£895	06/24	0.43 mi	Cuthbert Copse, 3 Greenside Street, Beswick, Manchester, M11	2	Flat
£1,299	12/24	0.43 mi	-	2	Terraced House
£950	05/24	0.44 mi	-	2	Semi-Detached House
£1,200	05/24	0.45 mi	Eastwood Avenue, Droyslden, M43	2	Detached House
£800	03/25	0.46 mi	-	2	Flat
£1,150	05/24	0.46 mi	Ronald Street, Manchester, M11	2	Semi-Detached House
£975	05/24	0.48 mi	Keston Avenue, Manchester, Greater Manchester, M9	2	Flat
£975	08/24	0.49 mi	Hamnett Street, Droylsden, Manchester, M43	2	House
£975	03/25	0.5 mi	-	2	Terraced House
£1,100	01/25	0.5 mi	-	2	Terraced House
£900	06/24	0.51 mi	-	2	Terraced House
£900	05/24	0.51 mi	St. Andrews Avenue, Droylsden, Manchester, M43	2	Terraced House
£900	06/24	0.51 mi	St. Andrews Avenue, Droylsden, Manchester, M43	2	Terraced House
£900	08/24	0.51 mi	Buxton Lane, Droylsden, Manchester, Greater Manchester, M43	2	House
£995	05/24	0.53 mi	Ashton New Road, Manchester, M11	2	Terraced House
£900	10/24	0.53 mi	-	2	Terraced House
£950	05/24	0.55 mi	Longford Street, Manchester, M18	2	Terraced House
£2,400	03/25	0.55 mi	-	2	Terraced House
£950	05/24	0.57 mi	-	2	Terraced House
£950	05/24	0.57 mi	Montana Square, Manchester, M11	2	Terraced House
£875	12/24	0.59 mi	-	2	Terraced House
£825	05/24	0.59 mi	4 Maybury Street, Manchester, Greater Manchester, M18 8GP	2	Terraced House
£1,025	03/25	0.61 mi	-	2	Semi-Detached House
£1,150	05/24	0.61 mi	Grapevine Avenue, Manchester, Greater Manchester, M18	2	Detached House
£900	12/24	0.62 mi	-	2	Terraced House
£1,250	12/24	0.62 mi	-	2	Semi-Detached House
£995	05/24	0.62 mi	Stokes Street, Manchester, M11	2	Terraced House

Local Area Statistics

Population in M11	20,27320,273
Population in Manchester	920,095920,095
Town centre distance	3.54 miles away3.54 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.46 miles away0.46 miles away

Rental growth (12m)	+112%+112%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+27%+27%

Property History

Price changed to £95,000

March 8, 2025

Price changed to £92,000

February 20, 2025

Listed for £98,000

February 12, 2025

Floor Plans

Description

To be sold by auction +
Three bedrooms +
Gas central heating +
EPC rating D +
Sought after location +

TO BE SOLD BY ONLINE AUCTION ON 5TH MARCH 2025 UNLESS SOLD PRIOR UNDER AUCTION TERMS. 34 Cheadle Street, Openshaw, M11 1AR. Tenanted terraced house with open plan though lounge/dining room and kitchen, three bedrooms and bathroom. Rear yard. Gas central heating and partial double glazing. Let on a periodic AST from 17/03/2010 now at £550 per month. Please respect the tenant’s privacy. Situated on a very popular road within easy reach of the Metrolink and bus stops ensuring it will always be popular with people looking to rent. VIRTUAL VIEWING COMING SOON

Here are some similar properties taken from Land Registry which have sold close by: 91, Meech Street, M11 2JJ sold on 18/10/2024 for £160,000 Terraced 2 beds 0.26 mi 44, Bartlett Street, M11 2EU sold on 03/06/2024 for £151,300 Terraced 2 beds 0.45 mi 23, Dargai Street, M11 4PW sold on 03/05/2024 for £158,000 Terraced 2 beds 0.49 mi Just up the road is Lime Square Shopping Centre which boasts the likes of Morrisons, Greggs, Lidl, McDonalds and The Gym and New Smithfield Wholesale Market. Recreational facilities are provided by Openshaw Park and Sandywell Millennium Green. For commuters, the nearest motorway networks are the M60 and M67. Similar property rental values in the area are in the region of £900 to £1000 per month. EPC rating D.

Agent Details

Edward Mellor Ltd, Auction

0161 524 2443

Next Steps?

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