2 Bed Terraced House, Single Let, Manchester, M43 6JL, £170,000

Edge Lane, Droylsden, M43 6JL - 3 views - 2 months ago

Under Offer
Leasehold
BTL
ROI: 4%
~68 m²
+5 photos

ValuationOvervalued

Sold Prices£40K - £240K
Sold Prices/m²£513/m² - £4.4K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.5K/m²

Value Estimate

£135,745

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

£795 - £2,400

Rent Estimate

£890

Running Costs/mo

£729

Cashflow/mo

£161

Cashflow/yr

£1,929

ROI

4%

Gross Yield

6%

Local Sold Prices

50 sold prices from £40K to £240K, average is £147.5K. £513/m² to £4.4K/m², average is £2K/m².

PriceDateDistanceAddressBeds 
£113K03/210.02 mi348, Edge Lane, Droylsden, Manchester, Greater Manchester M43 6JJ2
£121K11/200.02 mi350, Edge Lane, Droylsden, Manchester, Greater Manchester M43 6JJ2
£173K02/230.05 mi60, Hamnett Street, Droylsden, Manchester, Greater Manchester M43 6LW2
£135K03/210.07 mi31, Dargai Street, Manchester, Greater Manchester M11 4PW2
£125K08/230.07 mi51, Dargai Street, Manchester, Greater Manchester M11 4PW2
£150K08/210.1 mi317, Edge Lane, Droylsden, Manchester, Greater Manchester M43 6LU2
£160K08/230.13 mi460, Manchester Road, Droylsden, Manchester, Greater Manchester M43 6QZ2
£132K07/210.14 mi469, Edge Lane, Droylsden, Manchester, Greater Manchester M43 6JN2
£165K05/230.15 mi512, Edge Lane, Droylsden, Manchester, Greater Manchester M43 6JW2
£117.5K04/210.16 mi34, Buckingham Road, Droylsden, Manchester, Greater Manchester M43 6WF2
£170K10/220.2 mi114, Seymour Road South, Manchester, Greater Manchester M11 4PS2
£125K04/210.2 mi30, Glenolden Street, Manchester, Greater Manchester M11 4PT2
£40K03/210.2 mi33, Stokes Street, Manchester, Greater Manchester M11 4SJ2
£115K12/200.24 mi203, Manor Road, Droylsden, Manchester, Greater Manchester M43 6JA2
£100K05/230.26 mi31, Powell Street, Clayton, Manchester, Greater Manchester M11 4GA2
£181.5K06/230.26 mi114, Lewis Road, Droylsden, Manchester, Greater Manchester M43 6NP2
£147K03/210.26 mi22, Holmlea Road, Droylsden, Manchester, Greater Manchester M43 6WG2
£176.2K12/220.28 mi528, Edge Lane, Droylsden, Manchester, Greater Manchester M43 6JQ2
£159K04/210.3 mi2, Merton Drive, Droylsden, Manchester, Greater Manchester M43 6BH2
£155K03/210.31 mi13, Eastwood Avenue, Droylsden, Manchester, Greater Manchester M43 6BN2
£210.5K11/230.31 mi17, Eastwood Avenue, Droylsden, Manchester, Greater Manchester M43 6BN2
£180K11/230.33 mi32, Keston Avenue, Droylsden, Manchester, Greater Manchester M43 6BL2
£180K04/230.33 mi22, Keston Avenue, Droylsden, Manchester, Greater Manchester M43 6BL2
£128.5K03/210.33 mi9, Keston Avenue, Droylsden, Manchester, Greater Manchester M43 6BL2
£148K11/210.34 mi4, Eastwood Avenue, Droylsden, Manchester, Greater Manchester M43 6BJ2
£240K05/210.34 mi6, Chatsworth Close, Droylsden, Manchester, Greater Manchester M43 6BZ2
£163K06/230.36 mi665, Ashton New Road, Manchester, Greater Manchester M11 4QJ2
£178K10/230.36 mi3, Godfrey Avenue, Droylsden, Manchester, Greater Manchester M43 6JR2
£175K06/230.39 mi36, North Road, Manchester, Greater Manchester M11 4NG2
£192K11/230.39 mi2, Mere Avenue, Droylsden, Manchester, Greater Manchester M43 6BF2
£115K04/210.41 mi271, Manchester Road, Droylsden, Manchester, Greater Manchester M43 6HF2
£155K09/210.43 mi16, Rainow Avenue, Droylsden, Manchester, Greater Manchester M43 6HW2
£164K02/210.43 mi4, Rainow Avenue, Droylsden, Manchester, Greater Manchester M43 6HW2
£137K10/230.43 mi9, Coatbridge Street, Manchester, Greater Manchester M11 4RL2
£88K03/210.44 mi16, Tottington Street, Manchester, Greater Manchester M11 4WT2
£190K02/240.45 mi3, Foxley Close, Droylsden, Manchester, Greater Manchester M43 6HS2
£145K08/230.45 mi13, Stanton Street, Manchester, Greater Manchester M11 4NH2
£146K01/230.45 mi7, Stanton Street, Manchester, Greater Manchester M11 4NH2
£117.5K07/230.45 mi29, Stanton Street, Manchester, Greater Manchester M11 4NH2
£135K03/210.46 mi1, Copperas Lane, Droylsden, Manchester, Greater Manchester M43 6HP2
£175.8K07/230.46 mi28, Reading Close, Manchester, Greater Manchester M11 1UA2
£135K01/240.46 mi35, Walsden Street, Manchester, Greater Manchester M11 4WJ2
£137.5K05/210.46 mi22, Walsden Street, Manchester, Greater Manchester M11 4WJ2
£140K10/230.46 mi37, Walsden Street, Manchester, Greater Manchester M11 4WJ2
£137.5K05/210.46 mi22, Walsden Street, Manchester, Greater Manchester M11 4WJ2
£145K12/200.47 mi16, Bendall Street, Manchester, Greater Manchester M11 1GE2
£145K01/230.47 mi126, Edge Lane, Droylsden, Manchester, Greater Manchester M43 6BA2
£153K05/210.49 mi25, Carpenters Walk, Droylsden, Manchester, Greater Manchester M43 6LZ2
£150K02/230.49 mi94, Edge Lane, Droylsden, Manchester, Greater Manchester M43 6BA2
£160K01/230.49 mi26, Carpenters Walk, Droylsden, Manchester, Greater Manchester M43 6LZ2

Local Rents

42 rents from £795/mo to £2.4K/mo, average is £950/mo.

RentDateDistanceAddressBeds 
£97508/240.06 miHamnett Street, Droylsden, Manchester, M432
£97503/250.06 mi-2
£1,10001/250.07 mi-2
£1,15005/240.08 miRonald Street, Manchester, M112
£79505/240.15 miEdge Lane, Manchester2
£80003/250.2 mi-2
£99505/240.21 miStokes Street, Manchester, M112
£90010/240.24 mi-2
£85004/250.26 mi-2
£1,02503/250.29 mi-2
£2,40003/250.29 mi-2
£92512/240.29 mi-2
£90006/240.29 mi-2
£90005/240.29 miSt. Andrews Avenue, Droylsden, Manchester, M432
£90006/240.29 miSt. Andrews Avenue, Droylsden, Manchester, M432
£1,20005/240.3 miEastwood Avenue, Droyslden, M432
£90008/240.32 miBuxton Lane, Droylsden, Manchester, Greater Manchester, M432
£97505/240.32 miKeston Avenue, Manchester, Greater Manchester, M92
£99505/240.34 miAshton New Road, Manchester, M112
£95005/240.34 mi-2
£92503/250.45 mi-2
£1,05012/240.45 mi-2
£1,90005/240.47 mi-2
£1,30004/250.47 mi-2
£95007/240.47 miManchester Road, Droylsden, Manchester, M432
£95007/240.47 miManchester Road, Droylsden, Manchester, M432
£1,20005/240.49 mi-2
£92510/240.5 mi-2
£89505/240.52 mi-2
£85004/250.54 mi-2
£1,00006/240.59 mi-2
£1,05003/250.59 mi-2
£1,05003/250.59 mi-2
£89005/240.6 mi-2
£89005/240.6 mi-2
£89001/240.6 mi-2
£89005/240.6 mi-2
£89005/240.6 mi-2
£89005/240.6 mi-2
£1,20004/250.6 mi-2
£97506/240.61 miOld Lane, Manchester, M112
£1,10011/240.62 mi-2

Local Area Statistics

Population in M43

23,037

Population in Manchester

920,095

Town centre distance

3.90 miles away

Nearest school

0.10 miles away

Nearest train station

0.18 miles away

 

 

Rental growth (12m)

+25%

Sales demand

Seller's market

Capital growth (5yrs)

+59%

Property History

Listed for £170,000

February 14, 2025

Description

  • TWO DOUBLE BEDROOMS +
  • NO VENDOR CLAIN +
  • MUST BE VIEWED +
  • SPACIOUS LOUNGE +
  • SECOND RECEPTION ROOM +
  • FRONT AND REAR GARDENS +
  • CLOSE TO TRANSPORT LINKS +
  • GOOD LOCATION +
  • READY TO MOVE IN TO +
  • OFFICE / STUDY +

* READY TO MOVE INTO CONDITION* SLEIGH & SON are proud to welcome this TWO DOUBLE BEDROOMED mid terraced property to the open market with NO VENDOR CHAIN! This warm and welcoming home is located in a POPULAR and convenient residential area of Droylsden along with having the benefits of a spacious lounge, SECOND RECEPTION ROOM, fitted kitchen, larger than average bathroom, study and front and rear gardens and many more, making it the ideal new home for a wide range of buyers. This spacious property has been a happy family home for many years and is in a ready to move in to condition. This well presented home is located close to local schools, amenities, transport links into Manchester City centre, parks and playing fields and a short distance from the M60 motorway. Gas central heating throughout and partial uPVC double glazing.
Briefly the accommodation comprises:- entrance hallway, lounge, second reception room and kitchen to the ground floor. Two bedrooms, study and bathroom to the first floor.
Traditional brick built with pebble dash rendering with slated roof. Council tax A. Leasehold. 950 years from 9th July 1920 at £3.00 ground rent per annum (fixed).
There is mains electric, gas, water (unmetered) and sewerage at the property. Street parking only.

HALLWAY: Composite door to the front elevation. Wooden flooring, radiator, light and power points. Doors to the lounge and second reception room. Stairs to the first floor.

LOUNGE: uPVC double glazed bay windows to the front elevation. Gas fire with wooden surround. Radiator, light and power points.

SECOND RECEPTION ROOM: uPVC double glazed window to the rear elevation. Radiator, light and power points. Door to the kitchen.

KITCHEN: Hardwood double glazed window to the side elevation. Fitted wall and base units with roll edgework tops. Sink and drainer with hot and cold taps. Tiled splash backs, space for washing machine, gas cooker, fridge/freezer. Under stair storage cupboard, boiler, spot lights and power points.

STAIR AND LANDING: Doors to bedrooms, study and bathroom. Loft hatch, Light and power points.

MASTER BEDROOM: uPVC double glazed bay windows to the front elevation. Radiator, light and power points.

SECOND BEDROOM: Hardwood double glazed window to the rear elevation. Radiator, light and power points.

STUDY/OFFICE: Hardwood window to the side elevation. Radiator, light and power point.

BATHROOM: Hardwood double glazed privacy glass window to the rear elevation. Panel bathtub with overhead shower, low level W.C, hand wash basin with mixer tap, Part tiled, radiator and light point.

EXTERNAL: To the front of the property is a concrete garden, step leading to the front door enclosed by a brick wall and gate.
To the rear of the property is a concrete pathway and paved area enclosed by brick walls and gated access to the rear.

Agent Details

Sleigh & Son, Droylsden

0161 524 7581

Next Steps?

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