2 Bed Flat, Single Let, Atherton, M46 0HL, £70,000

7 Cross Street, Atherton, M46 0HL - 2 months ago

Sold STC
Leasehold
BTL
ROI: 20%
63 m²
+6 photos

ValuationUndervalued

Sold Prices£54K - £130K
Sold Prices/m²£757/m² - £2.5K/m²

 

 

Square Metres

63 m²
Price/m²£1.1K/m²

Value Estimate

£86,800
BMV24%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£17,500

Stamp Duty & Legal Fees

£4,700

Total Cash In

£22,200

 

 

Cash Out

 

Rent Range

£650 - £1,000

Rent Estimate

£750

Running Costs/mo

£389

Cashflow/mo

£361

Cashflow/yr

£4,335

ROI

20%

Gross Yield

13%

Local Sold Prices

34 sold prices from £54K to £130K, average is £110K. £757/m² to £2.5K/m², average is £1.7K/m².

PriceDateDistanceAddressBeds 
£54K12/200.01 mi7, Cross Street, Atherton, Manchester, Greater Manchester M46 0HL2
£130K09/220.42 mi45, Gadfield Grove, Atherton, Manchester, Greater Manchester M46 0SJ2
£105K10/220.43 mi35, Gadfield Grove, Atherton, Manchester, Greater Manchester M46 0SJ2
£102.5K03/230.43 mi33, Gadfield Grove, Atherton, Manchester, Greater Manchester M46 0SJ2
£93K03/220.44 mi37, Gadfield Court, Atherton, Manchester, Greater Manchester M46 0SL2
£115K03/230.44 mi11, Gadfield Court, Atherton, Manchester, Greater Manchester M46 0SL2
£82.5K02/210.44 mi20, Gadfield Court, Atherton, Manchester, Greater Manchester M46 0SL2
£90K06/210.44 mi14, Gadfield Court, Atherton, Manchester, Greater Manchester M46 0SL2
£114K04/230.44 mi7, Gadfield Court, Atherton, Manchester, Greater Manchester M46 0SL2
£119K11/230.44 mi25, Gadfield Court, Atherton, Manchester, Greater Manchester M46 0SL2
£119K11/230.44 mi25, Gadfield Court, Atherton, Manchester, Greater Manchester M46 0SL2
£120K09/230.44 mi27, Gadfield Court, Atherton, Manchester, Greater Manchester M46 0SL2
£120K09/230.44 mi27, Gadfield Court, Atherton, Manchester, Greater Manchester M46 0SL2
£105K07/220.44 mi16, Gadfield Court, Atherton, Manchester, Greater Manchester M46 0SL2
£121K11/220.44 mi23, Gadfield Court, Atherton, Manchester, Greater Manchester M46 0SL2
£115K08/220.46 mi22, Gadfield Court, Atherton, Manchester, Greater Manchester M46 0SL2
£115K01/240.5 mi45, Gadbury Fold, Atherton, Manchester, Greater Manchester M46 0GN2
£102K11/210.5 mi29, Gadbury Fold, Atherton, Manchester, Greater Manchester M46 0GN2
£67.5K11/230.5 mi21, Gadbury Fold, Atherton, Manchester, Greater Manchester M46 0GN2
£100.5K06/230.5 mi47, Gadbury Fold, Atherton, Manchester, Greater Manchester M46 0GN2
£123K11/230.53 mi21, Colliers Grove, Atherton, Manchester, Greater Manchester M46 0GT2
£130K03/240.53 mi9, Colliers Grove, Atherton, Manchester, Greater Manchester M46 0GT2
£122.5K07/220.53 mi54, Gadbury Fold, Atherton, Manchester, Greater Manchester M46 0GX2
£130K07/220.53 mi12, Gadbury Fold, Atherton, Manchester, Greater Manchester M46 0GX2
£75K10/210.54 mi16, Gadbury Fold, Atherton, Manchester, Greater Manchester M46 0GX2
£102.5K04/230.54 mi18, Gadbury Fold, Atherton, Manchester, Greater Manchester M46 0GX2
£110K07/230.54 mi6, Shalewood Court, Atherton, Manchester, Greater Manchester M46 0SN2
£110K09/230.54 mi2, Shalewood Court, Atherton, Manchester, Greater Manchester M46 0SN2
£108K09/220.54 mi10, Shalewood Court, Atherton, Manchester, Greater Manchester M46 0SN2
£120K04/220.71 miApartment 2, Church Court, Tyldesley Road, Atherton, Manchester, Greater Manchester M46 9AD2
£110K09/220.78 mi19, Old Manor Park, Atherton, Manchester, Greater Manchester M46 0GP2
£107.5K11/210.78 mi28, Old Manor Park, Atherton, Manchester, Greater Manchester M46 0GP2
£102K04/210.78 mi9, Old Manor Park, Atherton, Manchester, Greater Manchester M46 0GP2
£100K04/220.78 mi29, Old Manor Park, Atherton, Manchester, Greater Manchester M46 0GP2

Local Rents

19 rents from £650/mo to £1K/mo, average is £825/mo.

RentDateDistanceAddressBeds 
£80006/240.08 miBag Lane, Atherton2
£75005/240.17 miRailway Street, Atherton, M462
£92505/240.19 mi-2
£85002/240.26 mi-2
£82512/240.29 miWigan Road, Atherton, M462
£79506/240.32 miWigan Road, Atherton, M462
£1,00003/240.33 miWorthing Grove, Atherton, Manchester2
£90012/240.33 mi-2
£79002/250.33 mi-2
£95002/250.35 mi-2
£87503/250.36 mi-2
£82512/240.37 miWigan Road, Atherton, M46 0JG2
£65002/250.42 mi-2
£95012/240.44 mi-2
£85003/250.47 mi-2
£72505/240.52 miMayfield Street, Manchester, Greater Manchester, M462
£75005/240.52 miPool House, Mayfield Street, Atherton, Manchester, M462
£79505/240.55 miArgyle Street, Atherton, M462
£82503/250.61 mi-2

Local Area Statistics

Population in M46

22,298

Town centre distance

0.50 miles away

Nearest school

0.10 miles away

Nearest train station

0.44 miles away

 

 

Rental growth (12m)

+17%

Sales demand

Seller's market

Capital growth (5yrs)

+45%

Property History

Listed for £70,000

February 19, 2025

Floor Plans

Description

ARC HOMES are delighted to offer FOR SALE this fantastic spacious GROUND FLOOR apartment which boasts generous accommodation and private rear gardens. This lovely apartment would suit a range of buyers and is conveniently located within walking distance of a train station. With no onward chain, early viewing is advised. Entry is via a private entrance hallway. The well proportioned bay fronted sitting room sits to the front while the fitted kitchen is located to the rear. There are two generous double bedrooms and a bathroom. Outside, the enclosed rear gardens provide an excellent degree of privacy.

Agent Details

Arc Homes, Atherton

01946 550990

Next Steps?

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