2 Bed Terraced House, Single Let, Manchester, M14 7PE, £145,000

7 LETCHWORTH STREET, RUSHOLME, MANCHESTER M14 7PE - 25 days ago

Sold STC

Auction

BTL

ROI: 7%

~67 m²

+1 photos

ValuationUndervalued

Sold Prices	£123K - £224K
Sold Prices/m²	£1K/m² - £3.6K/m²

Square Metres	~67.20 m²
Price/m²	£2.2K/m²
Value Estimate	£168,000£168,000
BMV	16%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£36,250£36,250
Stamp Duty & Legal Fees	£8,850£8,850
Total Cash In	£45,100£45,100

Cash Out
Rent Range	£776 - £1,600£776 - £1,600
Rent Estimate	£900
Running Costs/mo	£653£653
Cashflow/mo	£247£247
Cashflow/yr	£2,963£2,963
ROI	7%7%
Gross Yield	7%7%

Local Sold Prices

50 sold prices from £123K to £224K, average is £168.8K. £1K/m² to £3.6K/m², average is £2.5K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£155K	02/23	0.05 mi	44, Carnforth Street, Manchester, Greater Manchester M14 7PD	£2,095	74	2	Terraced House
£135K	12/20	0.06 mi	3, Chilworth Street, Manchester, Greater Manchester M14 7PL	£2,109	64	2	Terraced House
£123K	11/20	0.06 mi	25, Chilworth Street, Manchester, Greater Manchester M14 7PL	£2,016	61	2	Terraced House
£140K	05/21	0.08 mi	38, Lowestoft Street, Manchester, Greater Manchester M14 7PU	£1,892	74	2	Terraced House
£196K	11/23	0.11 mi	109, Parkfield Street, Manchester, Greater Manchester M14 7PT	£2,450	80	2	Terraced House
£177K	08/21	0.11 mi	127, Parkfield Street, Manchester, Greater Manchester M14 7PT	-	-	2	Terraced House
£185K	09/23	0.12 mi	3, Worthing Street, Manchester, Greater Manchester M14 7PR	£2,762	67	2	Terraced House
£145K	02/21	0.12 mi	15, Worthing Street, Manchester, Greater Manchester M14 7PR	£1,933	75	2	Terraced House
£220K	11/23	0.12 mi	162, Heald Place, Manchester, Greater Manchester M14 5WJ	£2,660	83	2	Terraced House
£169.5K	11/20	0.12 mi	54, Yew Tree Road, Manchester, Greater Manchester M14 7PP	£2,322	73	2	Terraced House
£163.5K	07/21	0.12 mi	60, Yew Tree Road, Manchester, Greater Manchester M14 7PP	£2,019	81	2	Terraced House
£162K	12/21	0.12 mi	3, Carlton Avenue, Rusholme, Manchester, Greater Manchester M14 7WL	-	-	2	Semi-Detached House
£128K	03/21	0.14 mi	16, Brunt Street, Manchester, Greater Manchester M14 4BD	£1,049	122	2	Terraced House
£168K	11/20	0.15 mi	56, Thornton Road, Manchester, Greater Manchester M14 7WT	£2,679	63	2	Terraced House
£220K	06/23	0.15 mi	32, Thornton Road, Manchester, Greater Manchester M14 7WT	£3,529	62	2	Terraced House
£184K	09/21	0.15 mi	88, Ealing Avenue, Manchester, Greater Manchester M14 5WF	£2,706	68	2	Terraced House
£190K	03/21	0.15 mi	79, Ealing Avenue, Manchester, Greater Manchester M14 5WF	£2,836	67	2	Terraced House
£174.9K	11/20	0.15 mi	86, Ealing Avenue, Manchester, Greater Manchester M14 5WF	£2,499	70	2	Semi-Detached House
£174K	07/21	0.15 mi	69, Thornton Road, Manchester, Greater Manchester M14 7NU	-	-	2	Terraced House
£182K	11/20	0.15 mi	9, Thornton Road, Manchester, Greater Manchester M14 7NU	£2,889	63	2	Terraced House
£143K	01/21	0.15 mi	62, Thornton Road, Manchester, Greater Manchester M14 7WT	£2,014	71	2	Terraced House
£157K	09/21	0.15 mi	50, Parkfield Avenue, Manchester, Greater Manchester M14 4FZ	£3,019	52	2	Terraced House
£157K	09/21	0.15 mi	50, Parkfield Avenue, Manchester, Greater Manchester M14 4FZ	£3,019	52	2	Terraced House
£180K	11/23	0.16 mi	70, Horton Road, Manchester, Greater Manchester M14 7GB	£2,727	66	2	Terraced House
£185K	01/23	0.16 mi	6, Horton Road, Manchester, Greater Manchester M14 7GB	-	-	2	Terraced House
£140K	07/23	0.17 mi	53, Horton Road, Manchester, Greater Manchester M14 7QB	-	-	2	Terraced House
£224K	07/23	0.17 mi	55, Horton Road, Manchester, Greater Manchester M14 7QB	£3,246	69	2	Terraced House
£160K	07/23	0.18 mi	59, Crofton Street, Rusholme, Manchester, Greater Manchester M14 7WD	-	-	2	Terraced House
£202.7K	10/23	0.18 mi	10, Rosford Avenue, Manchester, Greater Manchester M14 7BW	£2,855	71	2	Terraced House
£150.5K	04/21	0.19 mi	21, Brompton Road, Manchester, Greater Manchester M14 7QA	£2,427	62	2	Terraced House
£210K	12/22	0.19 mi	35, Brompton Road, Manchester, Greater Manchester M14 7QA	£3,016	70	2	Terraced House
£165K	11/20	0.19 mi	76, Carlton Avenue, Rusholme, Manchester, Greater Manchester M14 7NL	£2,500	66	2	Terraced House
£155K	09/21	0.19 mi	29, Heald Avenue, Manchester, Greater Manchester M14 4HH	£3,229	48	2	Terraced House
£155K	09/21	0.19 mi	29, Heald Avenue, Manchester, Greater Manchester M14 4HH	£3,229	48	2	Terraced House
£175K	11/22	0.19 mi	50, Heald Avenue, Manchester, Greater Manchester M14 4HH	£3,571	49	2	Terraced House
£165K	04/23	0.19 mi	10, Rawcliffe Street, Manchester, Greater Manchester M14 7NH	£2,619	63	2	Terraced House
£146K	11/20	0.19 mi	38, Rawcliffe Street, Manchester, Greater Manchester M14 7NH	-	-	2	Terraced House
£195K	02/23	0.2 mi	520, Claremont Road, Manchester, Greater Manchester M14 5WA	£2,461	79	2	Terraced House
£200K	12/22	0.22 mi	39, Viscount Street, Manchester, Greater Manchester M14 5UH	£2,320	86	2	Terraced House
£189.5K	10/20	0.26 mi	103, Thornton Road, Manchester, Greater Manchester M14 7NT	-	-	2	Terraced House
£170K	03/21	0.26 mi	83, Thornton Road, Manchester, Greater Manchester M14 7NT	-	-	2	Terraced House
£142K	04/21	0.26 mi	90, Horton Road, Manchester, Greater Manchester M14 7GD	£2,219	64	2	Terraced House
£160K	03/21	0.26 mi	146, Horton Road, Manchester, Greater Manchester M14 7GD	£2,388	67	2	Terraced House
£195K	02/23	0.26 mi	118, Horton Road, Manchester, Greater Manchester M14 7GD	£3,000	65	2	Terraced House
£155K	11/20	0.27 mi	130, Thornton Road, Manchester, Greater Manchester M14 7WS	£2,385	65	2	Terraced House
£137.5K	09/21	0.27 mi	138, Thornton Road, Manchester, Greater Manchester M14 7WS	-	-	2	Semi-Detached House
£190K	10/23	0.27 mi	9, Eva Street, Manchester, Greater Manchester M14 5NX	£2,754	69	2	Terraced House
£162.5K	08/21	0.27 mi	153, Horton Road, Manchester, Greater Manchester M14 7QD	£2,448	66	2	Terraced House
£187K	05/23	0.27 mi	123, Horton Road, Manchester, Greater Manchester M14 7QD	£2,493	75	2	Terraced House
£189.3K	02/23	0.27 mi	121, Horton Road, Manchester, Greater Manchester M14 7QD	-	-	2	Terraced House

Local Rents

50 rents from £776/mo to £1.6K/mo, average is £1.2K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,200	05/24	0.01 mi	-	2	Terraced House
£1,385	05/24	0.03 mi	Letchworth Street, Rusholme, Manchester, M14	2	Terraced House
£1,340	05/24	0.05 mi	Camborne Street, Rusholme, Manchester, M14	2	Terraced House
£1,340	05/24	0.05 mi	Camborne Street, Rusholme, Manchester, M14	2	Terraced House
£1,000	05/24	0.05 mi	Camborne Street, Rusholme, M14	2	Flat
£1,000	05/24	0.05 mi	Carnforth Street, Rusholme, M14	2	Terraced House
£1,200	05/24	0.06 mi	Wincombe Street, Manchester	2	Flat
£900	05/24	0.08 mi	Newport Street, Manchester, M14	2	Terraced House
£880	03/24	0.1 mi	Boscombe Street, Manchester, Greater Manchester, M14	2	Terraced House
£995	05/24	0.11 mi	Lindum Street, Manchester, M14 4BJ	2	Terraced House
£950	05/24	0.12 mi	Lindum Street, Manchester, Greater Manchester, M14	2	Terraced House
£1,100	05/24	0.12 mi	Carlton Avenue, Manchester, M14	2	Terraced House
£1,100	05/24	0.14 mi	Lynton Street, Manchester	2	Terraced House
£1,100	05/24	0.15 mi	Thornton Road, Fallowfield, M14	2	Terraced House
£1,100	02/24	0.15 mi	-	2	Terraced House
£1,350	03/25	0.16 mi	-	2	Terraced House
£875	06/24	0.16 mi	Parkfield Avenue, Manchester	2	House
£1,150	05/24	0.16 mi	Parkfield Avenue, Rusholme, Manchester	2	Flat
£1,300	05/24	0.17 mi	Eileen Grove, Manchester	2	Flat
£1,250	03/25	0.18 mi	-	2	Terraced House
£1,100	06/24	0.18 mi	-	2	Terraced House
£1,200	12/24	0.18 mi	-	2	Terraced House
£1,200	12/24	0.19 mi	-	2	Terraced House
£1,400	05/24	0.2 mi	Seedley Street, Rusholme, Manchester, M14	2	Detached House
£1,400	05/24	0.21 mi	Seedley Street, Manchester, M14	2	Terraced House
£1,400	06/24	0.21 mi	-	2	Terraced House
£1,200	05/24	0.23 mi	Brockley Avenue, Fallowfield, Manchester	2	Terraced House
£1,000	05/24	0.23 mi	Thornton Road, Manchester	2	Terraced House
£1,200	05/24	0.24 mi	Blue Moon Way, Manchester, M14	2	Terraced House
£1,000	06/24	0.25 mi	Thornton Road, Manchester	2	Terraced House
£1,075	05/24	0.25 mi	PLATT LANE, RUSHOLME, Manchester M14 5WH	2	Flat
£1,400	05/24	0.26 mi	Horton Road, Rusholme, Manchester, M14	2	Terraced House
£776	05/24	0.27 mi	Flat 2, 36, CARLTON AVENUE, Manchester	2	Flat
£1,400	05/24	0.27 mi	Bluemoonway, Manchester, M14	2	Flat
£1,500	03/25	0.27 mi	-	2	Flat
£1,400	12/24	0.27 mi	-	2	Flat
£1,150	12/24	0.29 mi	-	2	Terraced House
£1,500	05/24	0.3 mi	Manchester , M14	2	Flat
£1,500	03/24	0.3 mi	M14 5ND, M14	2	Flat
£1,300	05/24	0.31 mi	Park Crescent, Rusholme	2	Flat
£1,600	12/24	0.31 mi	-	2	Terraced House
£1,287	05/24	0.32 mi	Great Western Street, 2 Bedroom Apartment, Manchester, Greater Manchester, M14	2	Flat
£1,460	05/24	0.32 mi	Great Western Street, Manchester, Greater Manchester, M14	2	Flat
£1,460	05/24	0.32 mi	Great Western Street, Manchester, Greater Manchester, M14	2	Flat
£1,287	05/24	0.32 mi	Great Western Street, 2 Bedroom Apartment, Manchester, Greater Manchester, M14	2	Flat
£1,000	05/24	0.33 mi	Wilmslow Road, Rusholme, Manchester, M14	2	Flat
£995	05/24	0.34 mi	Markington Street, Manchester, Greater Manchester, M14	2	Terraced House
£1,000	05/24	0.34 mi	Lloyd Street South, Manchester, M14 7HS	2	Flat
£1,370	05/24	0.34 mi	Driffield Street, Rusholme, Manchester, M14	2	Terraced House
£1,175	05/24	0.36 mi	Dorset Avenue, Manchester, Greater Manchester, M14	2	Terraced House

Local Area Statistics

Population in M14	52,85352,853
Population in Manchester	920,095920,095
Town centre distance	0.87 miles away0.87 miles away
Nearest school	0.40 miles away0.40 miles away
Nearest train station	1.51 miles away1.51 miles away

Rental demand	Balanced marketBalanced market
Rental growth (12m)	-42%-42%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+49%+49%

Property History

Listed for £145,000

March 11, 2025

Floor Plans

Description

TO BE SOLD UNDER AUCTION TERMS +
INVESTMENT OPPORTUNITY +
TENANTS ON ROLLING CONTRACT +
REPORTEDLY ACHIEVING £10,800 +
EXTENDED KITCHEN +
VIRTUAL TOUR AVAILABLE +

TO BE SOLD BY ONLINE AUCTION ON 26th MARCH 2025 UNLESS SOLD PRIOR UNDER AUCTION TERMS. 7 LETCHWORTH STREET, RUSHOLME, MANCHESTER M14 7PE Two bedroom terraced home, Situated in a very popular residential location of Rusholme. Comprising; hall, lounge, separate dining room, extended kitchen, two double bedrooms and bathroom. Rear yard. Gas central heating and some double glazing. The property is tenanted reportedly achieving £10,800 per annum. Situated just a short stroll from Princess Parkway and Alexandra Park. VIRTUAL VIEWING AVAILABLE Here are some similar properties taken from Land Registry which have sold close by: 9, Brompton Road, M14 7QA Sold - 28/08/2024 £208,000 Terraced 2 beds 0.15 mi 31, Brompton Road, M14 7QA Sold - 21/06/2024 £192,500 Terraced 2 beds 0.17 mi 23, Newlyn Street, M14 7PQ Sold - 22/08/2024 £183,000 Terraced 2 beds 0.08 mi 21, Chilworth Street, M14 7PL Sold - 02/08/2024 £182,000 Terraced 2 beds 0.05 mi The location offers excellent access routes by car and public transport to the City Centre, Manchester University Complexes, Manchester Royal Infirmary, Wythenshawe Hospital as well as Manchester Airport, Didsbury and Chorlton heading south. There are a diverse range of eateries around and about including the famous Curry Mile.