2 Bed Flat, Single Let, Manchester, M35 9HY, £239,950

2 Mayfair Crescent, Failsworth, Manchester, M35 9HY - a month ago

Leasehold
BTL
53 m²
+16 photos

ValuationOvervalued

Sold Prices£58K - £272.5K
Sold Prices/m²£930/m² - £3.1K/m²

 

 

Square Metres

53 m²
Price/m²£4.5K/m²

Value Estimate

£98,091

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£59,988

Stamp Duty & Legal Fees

£13,198

Total Cash In

£73,185

 

 

Cash Out

 

Rent Range

£825 - £1,300

Rent Estimate

£841

Running Costs/mo

£938

Cashflow/mo

£-97

Cashflow/yr

£-1,165

Gross Yield

4%

Local Sold Prices

50 sold prices from £58K to £272.5K, average is £111.8K. £930/m² to £3.1K/m², average is £1.8K/m².

PriceDateDistanceAddressBeds 
£272.5K06/210.06 mi19, Kingston Road, Failsworth, Manchester, Greater Manchester M35 9HS2
£248K06/210.51 mi72, Medlock Road, Failsworth, Manchester, Greater Manchester M35 9WN2
£132.4K06/220.62 mi6, Ben Brierley Wharf, Failsworth, Manchester, Greater Manchester M35 9QY2
£125K10/220.62 mi41, Ben Brierley Wharf, Failsworth, Manchester, Greater Manchester M35 9QY2
£136K06/230.62 mi11, Ben Brierley Wharf, Failsworth, Manchester, Greater Manchester M35 9QY2
£139.9K06/230.62 mi21, Ben Brierley Wharf, Failsworth, Manchester, Greater Manchester M35 9QY2
£136K09/220.62 mi4, Ben Brierley Wharf, Failsworth, Manchester, Greater Manchester M35 9QY2
£130K04/230.62 mi55, Ben Brierley Wharf, Failsworth, Manchester, Greater Manchester M35 9QY2
£105K06/220.62 mi39, Ben Brierley Wharf, Failsworth, Manchester, Greater Manchester M35 9QY2
£124.5K02/220.81 mi2, Culross Avenue, Manchester, Greater Manchester M40 3SD2
£115K01/220.83 mi4, Station Mews, Failsworth, Manchester, Greater Manchester M35 0GY2
£106K07/230.86 mi29a, Hardman Lane, Failsworth, Manchester, Greater Manchester M35 0DL2
£115K01/220.9 mi11, Mitchells Quay, Failsworth, Manchester, Greater Manchester M35 0QD2
£80K04/210.9 miFlat 5, Byron House, Byron Street, Oldham, Greater Manchester OL8 4QU2
£95K03/230.99 miFlat 11, Emmanuel Court, Granby Street, Chadderton, Oldham, Greater Manchester OL9 8EG2
£105K02/221.01 mi2, Bromley Street, Chadderton, Oldham, Greater Manchester OL9 8HD2
£100K11/211.02 mi149, Drury Lane, Chadderton, Oldham, Greater Manchester OL9 8EU2
£107K07/211.36 mi79, Crammond Close, Manchester, Greater Manchester M40 1PL2
£86.5K12/201.36 mi73, Crammond Close, Manchester, Greater Manchester M40 1PL2
£215K07/211.42 mi5, Lindrick Close, Manchester, Greater Manchester M40 3WB2
£87K03/221.45 mi23, Grange Court, Oldham, Greater Manchester OL8 4ES2
£140K06/211.5 mi396, Greenside Lane, Droylsden, Manchester, Greater Manchester M43 7RZ2
£87K04/221.51 mi53, Fields New Road, Chadderton, Oldham, Greater Manchester OL9 8BT2
£100K10/221.52 mi23, Shillingford Road, Chadderton, Oldham, Greater Manchester OL9 8BD2
£140K12/201.52 mi180, Newmarket Road, Ashton-under-lyne, Greater Manchester OL7 9JD2
£93K08/221.53 mi2c, Blueberry Avenue, Manchester, Greater Manchester M40 0GF2
£95K09/231.53 mi16l, Blueberry Avenue, Manchester, Greater Manchester M40 0GF2
£95K08/231.53 mi16k, Blueberry Avenue, Manchester, Greater Manchester M40 0GF2
£145K11/221.54 miFlat 30, Springwood Hall, Oldham Road, Ashton-under-lyne, Greater Manchester OL7 9RH2
£109K04/211.54 miFlat 23, Springwood Hall, Oldham Road, Ashton-under-lyne, Greater Manchester OL7 9RH2
£130K03/211.54 miFlat 29, Springwood Hall, Oldham Road, Ashton-under-lyne, Greater Manchester OL7 9RH2
£129.9K05/211.54 miFlat 13, Springwood Hall, Oldham Road, Ashton-under-lyne, Greater Manchester OL7 9RH2
£146K06/231.54 miFlat 13, Springwood Hall, Oldham Road, Ashton-under-lyne, Greater Manchester OL7 9RH2
£114K07/231.54 miFlat 32, Springwood Hall, Oldham Road, Ashton-under-lyne, Greater Manchester OL7 9RH2
£124K06/211.54 miFlat 6, Springwood Hall, Oldham Road, Ashton-under-lyne, Greater Manchester OL7 9RH2
£79K12/201.55 mi60, Rosary Road, Oldham, Greater Manchester OL8 2SL2
£109.5K06/211.55 mi67, Newton Street, Droylsden, Manchester, Greater Manchester M43 7GU2
£130K09/211.55 mi65, Abbeydale Road, Manchester, Greater Manchester M40 0AJ2
£137K09/211.56 mi16, Worthington Street, Moston, Manchester, Greater Manchester M40 0BB2
£230K01/211.56 mi3, Earnshaw Close, Ashton-under-lyne, Greater Manchester OL7 9JE2
£156K02/221.58 mi16, Clapham Street, Manchester, Greater Manchester M40 0BA2
£90K11/221.58 mi24, Rosary Road, Oldham, Greater Manchester OL8 2SW2
£59.5K05/211.59 mi5, Crosby Road, Manchester, Greater Manchester M40 1QB2
£58K10/201.6 miFlat 3, Cheviot Court, Pellowe Road, Oldham, Greater Manchester OL8 1BU2
£58K10/201.6 miFlat 3, Cheviot Court, Pellowe Road, Oldham, Greater Manchester OL8 1BU2
£68K07/211.61 miFlat 2, Cheviot Court, Pellowe Road, Oldham, Greater Manchester OL8 1BU2
£88K08/221.67 mi41, Grampian Close, Chadderton, Oldham, Greater Manchester OL9 8PT2
£97K06/211.68 mi470, Lightbowne Road, Manchester, Greater Manchester M40 0HA2
£80K06/231.72 mi8, Reins Lee Avenue, Oldham, Greater Manchester OL8 2QG2
£120K08/211.79 mi313, Market Street, Droylsden, Manchester, Greater Manchester M43 7EA2

Local Rents

31 rents from £825/mo to £1.3K/mo, average is £950/mo.

RentDateDistanceAddressBeds 
£99505/240.12 mi-2
£85005/240.2 miAshton Road East, Failsworth2
£92501/240.24 mi-2
£90005/240.32 miAshton Road E, Failsworth , M352
£95005/240.32 miFailsworth , M352
£1,30011/240.35 mi-2
£82505/240.42 miMinor Street, Failsworth, Manchester2
£95007/240.43 miMinor Street, Failsworth, Manchester2
£95007/240.43 miMinor Street, Failsworth, Manchester2
£99506/240.43 mi-2
£99503/250.43 mi-2
£99506/240.43 miChurch Street, Failsworth, Manchester, M352
£85005/240.44 mi-2
£89503/250.44 mi-2
£1,10012/240.44 mi-2
£87508/240.45 miWesley Street, Failsworth, Manchester2
£89509/240.45 miJoseph Street, Failsworth, M352
£89505/240.48 miWesley Street, Failsworth, Manchester2
£90008/240.49 miWesley Street, Failsworth, Manchester2
£97502/250.49 mi-2
£92502/250.5 mi-2
£94503/250.51 mi-2
£89506/240.52 mi-2
£1,30005/240.53 miMedlock Road, Failsworth, Manchester2
£89508/240.53 miJohn Street, Failsworth, Manchester2
£1,05006/240.54 miMedlock Road, Woodhouses, Manchester2
£1,19511/240.55 mi-2
£95005/240.55 miFrancis Street, Failsworth, Manchester, Greater Manchester, M352
£97503/250.56 mi-2
£1,00001/250.56 mi-2
£82512/240.57 mi-2

Local Area Statistics

Population in M35

20,671

Population in Manchester

920,095

Town centre distance

5.85 miles away

Nearest school

0.20 miles away

Nearest train station

0.73 miles away

 

 

Rental growth (12m)

+90%

Sales demand

Balanced market

Capital growth (5yrs)

+27%

Property History

Listed for £239,950

February 27, 2025

Floor Plans

Description

  • CHAIN FREE +
  • SEMI DETACHED TRUE BUNGALOW +
  • TWO BEDROOMS +
  • LARGE CORNER PLOT +
  • DRIVEWAY +
  • NEEDS MODERNISING +

CHAIN FREE SEMI DETACHED TRUE BUNGALOW LARGE CORNER PLOT NEEDS MODERNISING DRIVEWAY
McDermott an Co and pleased to bring to the market this two bedroomed semi detached true bungalow and the sought after part of Failsworth. The property comprises of entrance vestibule, hallway, lounge, kitchen, bathroom, two bedrooms. Benefitting from UPVC double glazing. At the front of the property there is a lawned garden and paved path and the same to the side leading to concrete driveway and paved rear garden.
Viewing essential to appreciate the property's potential.

Entrance Vestibule - 1.04m x 0.71m (3'5 x 2'4) - Neutral decor.

Entrance Hallway - 1.35m x 2.97m (4'5 x 9'9) - Radiator, neutral decor.

Lounge - 3.94m x 3.89m (12'11 x 12'9) - Front facing into bay window, gas fire with surround & hearth, radiator, neutral decor.

Bedroom One - 3.02m x 4.24m (9'11 x 13'11) - Rear facing into bay window, radiator, neutral decor.

Bedroom Two - 2.97m x 3.33m (9'9 x 10'11) - Front facing into bay window, radiator, neutral decor.

Kitchen - 3.96m x 2.34m (13'0 x 7'8) - Rear facing, range of fitted wall and base units in beech finish with complimentary worktops. Inset sink and drainer with mixer taps over, tiled splashback, radiator, neutral decor.

Bathroom - 1.37m x 2.64m (4'6 x 8'8) - Rear facing, three piece bathroom suite in white comprising sink and toilet, shower over, radiator, partly tiled walls, neutral decor.

Externally - At the front of the property there is a lawned garden and paved path and the same to the side leading to concrete driveway and paved rear garden.

Tenure - The property is Leasehold for 999 years from 23rd October 1957 with Ground Rent of £6.00 per annum.

Stamp Duty - Residential property rates
You usually pay Stamp Duty Land Tax (SDLT) on increasing portions of the property price when you buy residential property, for example a house or flat.
The amount you pay depends on:
• when you bought the property
• how much you paid for it
• whether you’re eligible for relief or an exemption
Rates for a single property
You pay SDLT at these rates if, after buying the property, it is the only residential property you own.

You will usually pay 5% on top of these rates if you own another residential property.

Rates from 1 April 2025
Property or lease premium or transfer value SDLT rate
Up to £125,000 Zero
The next £125,000 (the portion from £125,001 to £250,000) 2%
The next £675,000 (the portion from £250,001 to £925,000) 5%
The next £575,000 (the portion from £925,001 to £1.5 million) 10%
The remaining amount (the portion above £1.5 million) 12%
Example
In April 2025 you buy a house for £295,000. The SDLT you owe will be calculated as follows:
• 0% on the first £125,000 = £0
• 2% on the second £125,000 = £2,500
• 5% on the final £45,000 = £2,250
• total SDLT = £4,750

Agent Details

Mcdermott & Co Property Agents, Failsworth

0161 524 3146

Next Steps?

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