3 Bed Terraced House, Single Let, Manchester, M18 7QH, £115,000

3 Glencastle Road, Gorton, M18 7QH. - 13 days ago

Sold STC
Auction
BTL
ROI: 1%
96 m²

ValuationUndervalued

Sold Prices£56K - £270K
Sold Prices/m²£544/m² - £2.9K/m²

 

 

Square Metres

96 m²
Price/m²£1.2K/m²

Value Estimate

£142,600
BMV24%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£28,750

Stamp Duty & Legal Fees

£6,950

Total Cash In

£35,700

 

 

Cash Out

 

Rent Range

£950 - £3,195

Rent Estimate

£525

Running Costs/mo

£484

Cashflow/mo

£41

Cashflow/yr

£488

ROI

1%

Gross Yield

5%

Local Sold Prices

50 sold prices from £56K to £270K, average is £170K. £544/m² to £2.9K/m², average is £2.1K/m².

PriceDateDistanceAddressBeds 
£170K12/220.01 mi19, Glencastle Road, Manchester, Greater Manchester M18 7QH3
£127K06/230.01 mi12, Glencastle Road, Manchester, Greater Manchester M18 7QH3
£140K03/210.01 mi2, Glencastle Road, Manchester, Greater Manchester M18 7QH3
£155K07/230.01 mi4, Glencastle Road, Manchester, Greater Manchester M18 7QH3
£210K01/240.07 mi96, Mount Road, Manchester, Greater Manchester M18 7BQ3
£151K01/210.09 mi3, Woodnewton Close, Manchester, Greater Manchester M18 7AJ3
£152.5K08/210.09 mi11, Chatsworth Road, Manchester, Greater Manchester M18 7AF3
£110K05/210.1 mi78, Mount Road, Manchester, Greater Manchester M18 7BP3
£210K09/220.1 mi14, Norfolk Road, Manchester, Greater Manchester M18 7BZ3
£210K08/230.14 mi3, Buckley Avenue, Manchester, Greater Manchester M18 7QD3
£185K11/200.15 mi220, Stanley Grove, Manchester, Greater Manchester M18 7DA3
£165K04/210.15 mi238, Stanley Grove, Manchester, Greater Manchester M18 7DA3
£160K11/210.2 mi4, Agnew Road, Manchester, Greater Manchester M18 7AR3
£170K03/240.21 mi2, Heptonstall Walk, Manchester, Greater Manchester M18 8LF3
£142K12/200.25 mi2, Cleadon Avenue, Manchester, Greater Manchester M18 7QN3
£235K12/220.26 mi2, Hampden Crescent, Manchester, Greater Manchester M18 8LE3
£190K05/230.27 mi28, Thomson Road, Manchester, Greater Manchester M18 7QQ3
£182K12/230.28 mi4, Tealby Road, Manchester, Greater Manchester M18 7RW3
£90K08/210.28 mi24, Taylor Street, Manchester, Greater Manchester M18 8YE3
£220K12/220.28 mi39, Haworth Road, Manchester, Greater Manchester M18 7EN3
£172.5K07/230.29 mi1, Levenshulme Road, Manchester, Greater Manchester M18 7WJ3
£201K10/220.29 mi22, Peacock Grove, Manchester, Greater Manchester M18 7FL3
£135K11/200.29 mi9, Peacock Grove, Manchester, Greater Manchester M18 7FL3
£210K07/240.3 mi9, Shelford Avenue, Manchester, Greater Manchester M18 7DF3
£220K10/230.3 mi1, Shelford Avenue, Manchester, Greater Manchester M18 7DF3
£205K10/230.31 mi14, Shelford Avenue, Manchester, Greater Manchester M18 7DE3
£190K03/240.32 mi4, Vasser Road, Manchester, Greater Manchester M18 8BN3
£190K12/200.32 mi2, Searby Road, Manchester, Greater Manchester M18 7RQ3
£200K12/220.33 mi14, Manby Road, Manchester, Greater Manchester M18 7RR3
£170K11/220.33 mi1, St Philips Road, Manchester, Greater Manchester M18 7ET3
£150K07/210.33 mi9, Poplar Grove, Manchester, Greater Manchester M18 7EP3
£150K07/210.33 mi9, Poplar Grove, Manchester, Greater Manchester M18 7EP3
£270K03/230.34 mi15, Darras Road, Manchester, Greater Manchester M18 7PB3
£164K11/210.34 mi182, Stanley Grove, Manchester, Greater Manchester M18 7DH3
£126K12/200.34 mi166, Stanley Grove, Manchester, Greater Manchester M18 7DH3
£200K09/230.35 mi32, Hexham Road, Manchester, Greater Manchester M18 7RH3
£210K05/230.35 mi17, Manby Road, Manchester, Greater Manchester M18 7RG3
£170K11/230.36 mi25, Laburnum Road, Manchester, Greater Manchester M18 7FT3
£226K02/230.36 mi15, Brookhurst Road, Manchester, Greater Manchester M18 7ER3
£158K06/210.36 mi14, Queensland Road, Manchester, Greater Manchester M18 8BL3
£56K11/200.36 mi41, Hexham Road, Manchester, Greater Manchester M18 7RJ3
£195K12/220.36 mi9, Hexham Road, Manchester, Greater Manchester M18 7RJ3
£160K04/240.36 mi28, Buttress Street, Manchester, Greater Manchester M18 8EG3
£152K03/210.36 mi4, Leach Street, Manchester, Greater Manchester M18 8AL3
£204K10/220.37 mi12, Unwin Avenue, Manchester, Greater Manchester M18 7PR3
£162K03/230.38 mi151, Stanley Grove, Manchester, Greater Manchester M18 7DL3
£150K04/210.38 mi24, Hengist Street, Manchester, Greater Manchester M18 7EL3
£215K03/230.38 mi92, Darras Road, Manchester, Greater Manchester M18 7PS3
£161.1K09/210.39 mi80, Crossley Street, Manchester, Greater Manchester M18 8BA3
£180K04/240.41 mi19, Milkwood Grove, Manchester, Greater Manchester M18 7FQ3

Local Rents

48 rents from £950/mo to £3.2K/mo, average is £1.5K/mo.

RentDateDistanceAddressBeds 
£1,75005/240.18 miScenic Street, Belle Vue3
£1,60005/240.18 miScenic Street, Belle Vue3
£2,00005/240.18 miScenic Street, Manchester, M183
£1,90012/240.2 mi-3
£1,80002/250.2 mi-3
£1,89003/250.2 mi-3
£1,80005/240.21 mi-3
£1,80005/240.21 mi-3
£1,60012/240.21 mi-3
£1,80005/240.21 miScenic Way, Manchester, M183
£1,60005/240.21 miScenic Way, Manchester, M183
£1,60005/240.21 miScenic Way, Manchester, M183
£1,65005/240.22 miFairground Road, Manchester, Greater Manchester, M183
£1,65005/240.23 miFairground Road, Belle Vue, Manchester, M183
£1,20006/240.35 miYale Road, Manchester3
£1,50003/250.35 mi-3
£1,50012/240.36 mi-3
£1,70005/240.36 mi-3
£1,70005/240.36 mi-3
£1,30003/250.37 mi-3
£1,43003/250.4 mi-3
£1,40001/250.4 mi-3
£1,20002/250.44 mi-3
£1,30005/240.47 mi-3
£1,00005/240.47 mi Sheerness Street, Gorton, M183
£1,69505/240.47 miMannering Street, Manchester, M183
£1,19512/240.49 mi-3
£1,25001/250.49 mi-3
£1,39505/240.5 mi-3
£1,60002/240.5 mi-3
£1,19505/240.5 miReynolds Drive, Manchester, M183
£1,19505/240.5 miYeadon Road, Gorton, Manchester3
£1,65005/240.51 miMannering Street, M183
£1,27512/240.53 mi-3
£1,27505/240.53 miWistaria Road, Manchester, M183
£1,50012/240.53 mi-3
£1,50002/250.53 mi-3
£1,45002/250.54 mi-3
£95005/240.56 miCarberry Road, Gorton3
£1,30012/240.56 mi-3
£1,25005/240.57 mi18 Tarrington Close, Manchester, Greater Manchester, M123
£1,45005/240.58 miBelle Vue Street, Manchester, M123
£1,45005/240.58 mi-3
£1,45005/240.58 mi-3
£2,99512/240.58 mi-3
£3,19501/250.58 mi-3
£1,30005/240.58 mi-3
£1,20005/240.59 miCarberry Road, Gorton, Manchester, M183

Local Area Statistics

Population in M18

23,432

Population in Manchester

920,095

Town centre distance

2.93 miles away

Nearest school

0.20 miles away

Nearest train station

0.12 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+69%

Sales demand

Seller's market

Capital growth (5yrs)

+74%

Property History

Listed for £115,000

March 6, 2025

Description

  • To be sold by auction +
  • THREE bedrooms +
  • Gas central heating and double glazing +
  • EPC rating D +
  • Overlooking open space +

TO BE SOLD BY ONLINE AUCTION ON 5TH MARCH 2025 UNLESS SOLD PRIOR UNDER AUCTION TERMS. 3 Glencastle Road, Gorton, M18 7QH. Tenanted terraced house not yet inspected by Edward Mellor but reported to comprise hall, lounge, dining room, kitchen, three bedrooms and bathroom. Rear yard. Gas central heating and double glazing. Let on a periodic AST from 17/04/13 with the last Section 13 at £525pm issued on 17/07/19. Please respect the tenant’s privacy. Ideally located close by to many amenities along the A6 including the large Tesco and Gorton Market as well as being within walking distance of the well-regarded Gorton Primary School. VIRTUAL VIEWING COMING SOON Here are some similar properties taken from Land Registry which have sold close by: 1, Glencastle Road, M18 7QH sold on 16/08/2024 for £170,000 Terraced 3 beds 0.01 mi 13, Chatsworth Road, M18 7AF sold on 04/11/2024 for £165,000 Terraced 3 beds 0.09 mi For commuters, access to the M60 motorway is just a couple of minutes up the road. Ryder Brow Train Station is within walking distance with links directly to Manchester City Centre. Debdale Park, Sunny Brow Park and the nearby Fallowfield Loop offer ample recreational facilities. Tenant ready property rental values in the area are in the region of £1200 per month. EPC rating D.

Agent Details

Edward Mellor Ltd, Auction

0161 524 2443

Next Steps?

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