2 Bed Terraced House, Single Let, Manchester, M35 0JA, £130,000

211 King Street, Failsworth, Manchester, M35 0JA - 1 views - 9 days ago

BTL

ROI: 8%

~68 m²

+5 photos

ValuationOvervalued

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Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£32,500£32,500
Stamp Duty & Legal Fees	£7,700£7,700
Total Cash In	£40,200£40,200

Cash Out
Rent Range	£800 - £2,901£800 - £2,901
Rent Estimate	£872
Running Costs/mo	£601£601
Cashflow/mo	£271£271
Cashflow/yr	£3,252£3,252
ROI	8%8%
Gross Yield	8%8%

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Local Rents

50 rents from £800/mo to £2.9K/mo, average is £1K/mo.

Rent	Date	Distance	Address	Beds	Type
£2,200	06/24	0.04 mi	-	2	Terraced House
£1,480	02/24	0.04 mi	-	2	Terraced House
£1,480	03/25	0.04 mi	-	2	Terraced House
£925	08/24	0.06 mi	Hobson Street, Failsworth, Manchester	2	Terraced House
£950	02/25	0.07 mi	-	2	Terraced House
£1,100	07/24	0.14 mi	Gaskell Street, Failsworth, Manchester, M40	2	Semi-Detached House
£1,100	07/24	0.14 mi	Gaskell Street, Failsworth, Manchester, M40	2	Semi-Detached House
£1,175	08/24	0.18 mi	Duke, 160 Oldham Road, Failsworth	2	Flat
£925	06/24	0.18 mi	Stott Street, Manchester	2	House
£950	07/24	0.19 mi	Gaskell Street, Failsworth, Manchester	2	Terraced House
£800	07/24	0.2 mi	Gaskell Street, Manchester	2	Terraced House
£875	06/24	0.21 mi	Miriam Street, Failsworth, Manchester	2	Terraced House
£975	08/24	0.22 mi	-	2	Terraced House
£975	08/24	0.22 mi	Miriam Street, Failsworth, Manchester, M35	2	Terraced House
£1,000	04/24	0.24 mi	-	2	Terraced House
£975	07/24	0.24 mi	-	2	Terraced House
£1,200	02/25	0.24 mi	-	2	Semi-Detached House
£895	05/24	0.25 mi	-	2	Terraced House
£1,050	08/24	0.25 mi	Brookdale Street, Manchester	2	Terraced House
£1,050	05/24	0.25 mi	Farm Street, Failsworth, M35	2	Flat
£900	08/24	0.26 mi	-	2	Terraced House
£1,100	12/24	0.26 mi	-	2	Terraced House
£900	05/24	0.27 mi	Hulton Street, Failsworth, Manchester, Greater Manchester, M35	2	Terraced House
£850	05/24	0.27 mi	-	2	Terraced House
£850	05/24	0.27 mi	Brookdale Street, Failsworth, Manchester, M35	2	Terraced House
£925	08/24	0.27 mi	Dovedale Street, Failsworth, Manchester	2	Semi-Detached House
£895	09/24	0.27 mi	Dovedale Street, Failsworth, Manchester	2	Semi-Detached House
£875	03/25	0.27 mi	-	2	Flat
£995	12/24	0.28 mi	-	2	Terraced House
£975	11/24	0.28 mi	-	2	Terraced House
£975	01/25	0.28 mi	-	2	Terraced House
£975	01/25	0.28 mi	-	2	Terraced House
£895	06/24	0.28 mi	-	2	Terraced House
£895	05/24	0.28 mi	Rossington Street, Manchester, M40	2	Terraced House
£1,250	01/25	0.28 mi	-	2	Terraced House
£950	06/24	0.29 mi	Leng Road, Manchester, Greater Manchester, M40	2	Terraced House
£2,864	05/24	0.29 mi	-	2	Semi-Detached House
£2,864	05/24	0.29 mi	-	2	Semi-Detached House
£2,864	06/24	0.29 mi	-	2	Semi-Detached House
£2,864	06/24	0.29 mi	-	2	Semi-Detached House
£2,901	02/24	0.29 mi	-	2	Semi-Detached House
£2,901	08/24	0.29 mi	-	2	Semi-Detached House
£2,864	08/24	0.29 mi	-	2	Semi-Detached House
£2,864	08/24	0.29 mi	-	2	Semi-Detached House
£2,864	10/24	0.29 mi	-	2	Semi-Detached House
£2,864	12/24	0.29 mi	-	2	Semi-Detached House
£2,864	05/24	0.29 mi	-	2	Semi-Detached House
£2,864	06/24	0.29 mi	-	2	Semi-Detached House
£2,864	08/24	0.29 mi	-	2	Semi-Detached House
£2,864	10/24	0.29 mi	-	2	Semi-Detached House

Local Area Statistics

Population in M35	20,67120,671
Population in Manchester	920,095920,095
Town centre distance	4.70 miles away4.70 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.51 miles away0.51 miles away

Rental growth (12m)	+90%+90%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+27%+27%

Property History

Listed for £130,000

March 8, 2025

Floor Plans

Description

IDEAL INVESTMENT PROPERTY +
REQUIRES UPDATING +
MID TERACE +
2 BEDROOMS +
2 RECEPTION ROOMS +
GAS CENTRAL HEATING +
UPVC DOUBLE GLAZING +
REAR YARD +
NO CHAIN +
EPC RATING C +

Ideal investment property requiring update which is situated in a convenient location close to local amenities and transport links. The internal accommodation comprises vestibule entrance, lounge, dining room, kitchen, 2 bedrooms and family bathroom. The property also benefits from gas central heating and Upvc double glazing. Externally there is an enclosed yard to the rear. NO CHAIN. EPC Rating C

Vestibule Entrance - Upvc entrance door.

Lounge - 4.2m x 4.0m (13'9" x 13'1") - Upvc double glazed window, radiator.

Dining Room - 4.0m x 3.7m (13'1" x 12'1") - Upvc double glazed window, radiator.

Kitchen - 2.8m x 2.1m (9'2" x 6'10") - Fitted wall and base units with work surfaces and tiled splashback. Upvc double glazed window, radiator, Upvc door to rear.

Bedroom 1 - 4.2m x 4.0m (13'9" x 13'1") - Upvc double glazed window, radiator.

Bedroom 2 - 2.8m x 2.6m (9'2" x 8'6") - Upvc double glazed window, radiator.

Bathroom - 3.7m x 1.3m (12'1" x 4'3") - 4 piece suite comprising bath, shower cubicle, pedestal wash hand basin and low level wc. Upvc double glazed window, radiator.

Externally - Enclosed yard to rear.

Material Information - Oldham - Tenure Type; Freehold
Council Tax Banding; A