2 Bed Terraced House, Single Let, Manchester, M18 7AN, £90,000

Bragenham Street, Manchester, Greater Manchester, M18 7AN - 2 views - 24 days ago

Sold STC
Auction
BTL
ROI: 14%
~68 m²

ValuationUndervalued











Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£22,500

Stamp Duty & Legal Fees

£3,900

Total Cash In

£26,400

 

 

Cash Out

 

Rent Range

£900 - £2,201

Rent Estimate

£750

Running Costs/mo

£451

Cashflow/mo

£299

Cashflow/yr

£3,585

ROI

14%

Gross Yield

10%













Local Rents

43 rents from £900/mo to £2.2K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£95005/240.11 mi-2
£90005/240.13 mi-2
£1,25012/240.15 mi-2
£95005/240.21 miBuckley Road, Gorton2
£95005/240.21 miBuckley Road, Gorton2
£95001/250.22 mi-2
£1,05005/240.25 miBeard Road, Manchester, M182
£2,20103/250.28 mi-2
£1,10005/240.28 mi-2
£1,15005/240.29 mi-2
£1,05001/250.32 mi-2
£1,50005/240.32 miFairground Road, Manchester, Greater Manchester, M182
£92505/240.33 miHyde Road, Manchester, M12 5PS2
£97512/240.33 mi-2
£95006/240.33 miJessop Street, Manchester, Greater Manchester, M182
£1,17005/240.33 mi-2
£1,25002/250.33 mi-2
£1,50005/240.34 miFairground Road, Belle Vue, Manchester, M182
£1,00005/240.35 miAshkirk Street, Manchester2
£1,08003/250.35 mi-2
£1,40005/240.35 miKurkmanshulme Lane, Belle Vue, Manchester, M182
£95006/240.36 miAcheson Street, Manchester2
£1,00005/240.38 mi-2
£1,00005/240.38 mi-2
£1,05003/250.38 mi-2
£99002/250.38 mi-2
£1,05005/240.39 miKirk Street, Gorton, Manchester, M182
£1,05006/240.39 miKirk Street, Gorton, Manchester, M182
£90005/240.42 miRockhampton Street, Gorton, Manchester, M182
£1,20012/240.42 mi-2
£1,10012/240.43 mi-2
£1,30012/240.43 mi-2
£99506/240.44 miRockhampton Street, Manchester, M182
£99501/250.46 mi-2
£90005/240.51 miHawthorn Street, Gorton, MANCHESTER, M182
£1,30003/250.52 mi-2
£1,05012/240.55 mi-2
£1,05003/250.55 mi-2
£1,25005/240.57 miHoskins Close, Manchester, M122
£95012/240.58 mi-2
£1,40005/240.58 miTotland Close, Manchester, M122
£1,40005/240.58 mi-2
£95012/240.58 mi-2

Local Area Statistics

Population in M18

23,432

Population in Manchester

920,095

Town centre distance

3.05 miles away

Nearest school

0.20 miles away

Nearest train station

0.16 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+69%

Sales demand

Seller's market

Capital growth (5yrs)

+74%

Property History

Listed for £90,000

February 21, 2025

Floor Plans

Description

  • Investment property - SOLD SUBJECT TO EXISTING TENANCY +
  • Let at £750 pcm +
  • Freehold mid terraced property in a popular location off Hyde Road +
  • 2 bedrooms +
  • 2 reception rooms +
  • Modern kitchen & bathroom +
  • Gas central heating & uPVC double glazed +
  • EPC rating 'D' +
  • VIEWING STRICTLY BY APPOINTMENT WITH THE AGENT +
  • TO BE SOLD AT SDL AUCTION ON 27th MARCH 2025 (Unless sold prior) +

Investment property. Let on an AST @ £750pcm. Fabulous and popular location off Hyde Road. 2 bed terraced property with a modern kitchen, 2 reception rooms, modern bathroom/wc. Gas central heating & uPVC double glazing. EPC rating of 'D'. To be sold at auction with SDL on 27/03/2025.

ACCOMMODATION COMPRISES:

LOUNGE: 3.98mm x 3.76m.

DINING ROOM: 3.98m x 3.5m.

KITCHEN: 2.17m x 1.72m.

BATHROOM/WC: Combined: 2.65m x 1.77m.

BEDROOM 1: 3.98m x 3.76m.

BEDROOM 2: 3.5m x 2.23m.

HEATING: Gas central Heating.

OUTSIDE: Yard to the rear.

FREEHOLD.

EPC 'D'.

Auction Details

The sale of this property will take place on the stated date by way of Auction Event and is being sold under an Unconditional sale type.

Binding contracts of sale will be exchanged at the point of sale.

All sales are subject to SDL Property Auctions Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.

Auction Deposit and Fees

The following deposits and non- refundable auctioneers fees apply:

* 5% deposit (subject to a minimum of £5,000)

* Buyers Fee of 4.8% of the purchase price (subject to a minimum of £6,000 inc. VAT).

The Buyers Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.

There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.

Additional Information

For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions home page.

This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties).

Guide Price & Reserve Price

Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.

Agent Details

Aubrey Lee & Co, Blackley

0161 524 3119

Next Steps?

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