2 Bed Terraced House, Single Let, Manchester, M11 2JW, £98,000

124 Victoria Street, Openshaw, M11 2JW. - 1 views - 19 days ago

Sold STC

Auction

BTL

ROI: 17%

85 m²

ValuationUndervalued

Sold Prices	£40K - £222K
Sold Prices/m²	£513/m² - £4.7K/m²

Square Metres	85 m²
Price/m²	£1.2K/m²
Value Estimate	£120,540£120,540
BMV	23%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£24,500£24,500
Stamp Duty & Legal Fees	£6,100£6,100
Total Cash In	£30,600£30,600

Cash Out
Rent Range	£800 - £1,900£800 - £1,900
Rent Estimate	£950
Running Costs/mo	£516£516
Cashflow/mo	£434£434
Cashflow/yr	£5,205£5,205
ROI	17%17%
Gross Yield	12%12%

Local Sold Prices

50 sold prices from £40K to £222K, average is £130.1K. £513/m² to £4.7K/m², average is £1.6K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£80K	10/20	0.04 mi	14, Timperley Street, Manchester, Greater Manchester M11 2JG	£1,250	64	2	Terraced House
£133.5K	10/20	0.07 mi	31, Reading Close, Manchester, Greater Manchester M11 1PF	£2,427	55	2	Semi-Detached House
£175.8K	07/23	0.09 mi	28, Reading Close, Manchester, Greater Manchester M11 1UA	£3,232	54	2	Terraced House
£91.8K	11/20	0.09 mi	10, Meech Street, Manchester, Greater Manchester M11 2JL	£1,369	67	2	Terraced House
£100K	04/21	0.09 mi	39, Meech Street, Manchester, Greater Manchester M11 2JJ	£973	103	2	Terraced House
£85K	02/21	0.12 mi	28, Connie Street, Manchester, Greater Manchester M11 2JT	£1,365	62	2	Terraced House
£75K	02/21	0.12 mi	17, Connie Street, Manchester, Greater Manchester M11 2JT	-	-	2	Terraced House
£84.5K	10/20	0.15 mi	15, Hovis Street, Manchester, Greater Manchester M11 2JD	£1,509	56	2	Terraced House
£130.1K	02/23	0.27 mi	17, Greenside Street, Manchester, Greater Manchester M11 2EX	£1,288	101	2	Terraced House
£101.5K	11/21	0.28 mi	12, Vincent Street, Manchester, Greater Manchester M11 2FU	£1,180	86	2	Terraced House
£105K	03/23	0.28 mi	12, Vincent Street, Manchester, Greater Manchester M11 2FU	£1,221	86	2	Terraced House
£163K	06/23	0.36 mi	665, Ashton New Road, Manchester, Greater Manchester M11 4QJ	-	-	2	Terraced House
£137K	10/23	0.41 mi	9, Coatbridge Street, Manchester, Greater Manchester M11 4RL	£1,930	71	2	Terraced House
£135K	01/24	0.46 mi	35, Walsden Street, Manchester, Greater Manchester M11 4WJ	£2,143	63	2	Terraced House
£137.5K	05/21	0.46 mi	22, Walsden Street, Manchester, Greater Manchester M11 4WJ	£1,463	94	2	Terraced House
£140K	10/23	0.46 mi	37, Walsden Street, Manchester, Greater Manchester M11 4WJ	£2,188	64	2	Semi-Detached House
£137.5K	05/21	0.46 mi	22, Walsden Street, Manchester, Greater Manchester M11 4WJ	£1,463	94	2	Terraced House
£145K	12/20	0.46 mi	16, Bendall Street, Manchester, Greater Manchester M11 1GE	-	-	2	Semi-Detached House
£132.1K	01/23	0.46 mi	54, Wheler Street, Manchester, Greater Manchester M11 1DF	£1,861	71	2	Terraced House
£40K	03/21	0.46 mi	33, Stokes Street, Manchester, Greater Manchester M11 4SJ	£513	78	2	Terraced House
£118.5K	10/22	0.47 mi	77, Wheler Street, Manchester, Greater Manchester M11 1DT	£1,769	67	2	Terraced House
£88K	03/21	0.48 mi	16, Tottington Street, Manchester, Greater Manchester M11 4WT	£1,205	73	2	Terraced House
£135K	03/21	0.48 mi	31, Dargai Street, Manchester, Greater Manchester M11 4PW	£1,753	77	2	Terraced House
£125K	08/23	0.48 mi	51, Dargai Street, Manchester, Greater Manchester M11 4PW	£1,563	80	2	Terraced House
£100K	05/23	0.48 mi	31, Powell Street, Clayton, Manchester, Greater Manchester M11 4GA	-	-	2	Terraced House
£160K	08/23	0.49 mi	460, Manchester Road, Droylsden, Manchester, Greater Manchester M43 6QZ	-	-	2	Terraced House
£150K	08/21	0.5 mi	317, Edge Lane, Droylsden, Manchester, Greater Manchester M43 6LU	£2,459	61	2	Semi-Detached House
£145K	08/23	0.5 mi	13, Stanton Street, Manchester, Greater Manchester M11 4NH	-	-	2	Terraced House
£146K	01/23	0.5 mi	7, Stanton Street, Manchester, Greater Manchester M11 4NH	£1,793	81	2	Terraced House
£117.5K	07/23	0.5 mi	29, Stanton Street, Manchester, Greater Manchester M11 4NH	£1,500	78	2	Terraced House
£173K	02/23	0.52 mi	60, Hamnett Street, Droylsden, Manchester, Greater Manchester M43 6LW	£2,883	60	2	Terraced House
£159K	04/21	0.53 mi	2, Merton Drive, Droylsden, Manchester, Greater Manchester M43 6BH	£2,013	79	2	Semi-Detached House
£125K	04/21	0.54 mi	30, Glenolden Street, Manchester, Greater Manchester M11 4PT	-	-	2	Terraced House
£222K	02/23	0.56 mi	15, Brinklow Close, Manchester, Greater Manchester M11 1NH	£4,723	47	2	Detached House
£175K	06/23	0.56 mi	36, North Road, Manchester, Greater Manchester M11 4NG	-	-	2	Terraced House
£113K	03/21	0.56 mi	348, Edge Lane, Droylsden, Manchester, Greater Manchester M43 6JJ	£2,404	47	2	Terraced House
£121K	11/20	0.56 mi	350, Edge Lane, Droylsden, Manchester, Greater Manchester M43 6JJ	£1,458	83	2	Terraced House
£110K	02/21	0.57 mi	174, Barrington Street, Manchester, Greater Manchester M11 4ED	-	-	2	Terraced House
£130K	09/23	0.57 mi	166, Barrington Street, Manchester, Greater Manchester M11 4ED	-	-	2	Terraced House
£170K	10/22	0.57 mi	114, Seymour Road South, Manchester, Greater Manchester M11 4PS	-	-	2	Terraced House
£145K	01/23	0.57 mi	126, Edge Lane, Droylsden, Manchester, Greater Manchester M43 6BA	£1,768	82	2	Terraced House
£99K	10/20	0.57 mi	70, Wilson Street, Openshaw, Manchester, Greater Manchester M11 2AZ	£1,424	70	2	Terraced House
£100K	10/23	0.57 mi	70, Wilson Street, Openshaw, Manchester, Greater Manchester M11 2AZ	£1,439	70	2	Terraced House
£150K	08/23	0.58 mi	14, Winslow Street, Manchester, Greater Manchester M11 2AY	£2,761	54	2	Terraced House
£122K	11/22	0.58 mi	1, Winslow Street, Manchester, Greater Manchester M11 2AY	-	-	2	Terraced House
£110K	11/23	0.58 mi	19, Winslow Street, Manchester, Greater Manchester M11 2AY	£1,279	86	2	Terraced House
£155K	01/24	0.58 mi	89, Lees Street, Openshaw, Manchester, Greater Manchester M11 1NW	£1,685	92	2	Terraced House
£148K	11/21	0.58 mi	4, Eastwood Avenue, Droylsden, Manchester, Greater Manchester M43 6BJ	£1,973	75	2	Semi-Detached House
£126.5K	09/21	0.58 mi	17, Herne Street, Manchester, Greater Manchester M11 2AJ	£2,433	52	2	Semi-Detached House
£107K	11/20	0.58 mi	177, Barrington Street, Manchester, Greater Manchester M11 4FB	£1,427	75	2	Terraced House

Local Rents

35 rents from £800/mo to £1.9K/mo, average is £995/mo.

Rent	Date	Distance	Address	Beds	Type
£890	05/24	0.06 mi	-	2	Terraced House
£890	05/24	0.06 mi	-	2	Terraced House
£890	01/24	0.06 mi	-	2	Terraced House
£890	05/24	0.06 mi	-	2	Terraced House
£890	05/24	0.06 mi	-	2	Terraced House
£890	05/24	0.06 mi	-	2	Terraced House
£1,100	11/24	0.11 mi	-	2	Terraced House
£1,200	03/25	0.21 mi	Eccles Close, Manchester, M11	2	Terraced House
£1,100	03/25	0.26 mi	-	2	Terraced House
£895	05/24	0.29 mi	Cuthbert Copse, 3 Greenside Street, Beswick, Manchester, M11	2	Flat
£895	06/24	0.29 mi	Cuthbert Copse, 3 Greenside Street, Beswick, Manchester, M11	2	Flat
£1,050	02/25	0.3 mi	-	2	Terraced House
£1,050	03/25	0.3 mi	-	2	Terraced House
£975	06/24	0.33 mi	Old Lane, Manchester, M11	2	Terraced House
£995	05/24	0.36 mi	Ashton New Road, Manchester, M11	2	Terraced House
£1,025	03/25	0.47 mi	-	2	Semi-Detached House
£1,100	01/25	0.48 mi	-	2	Terraced House
£925	10/24	0.49 mi	-	2	Terraced House
£1,150	05/24	0.49 mi	Ronald Street, Manchester, M11	2	Semi-Detached House
£925	03/25	0.49 mi	-	2	Terraced House
£1,900	05/24	0.5 mi	-	2	Terraced House
£1,300	03/25	0.5 mi	-	2	Terraced House
£1,050	12/24	0.51 mi	-	2	Terraced House
£975	08/24	0.52 mi	Hamnett Street, Droylsden, Manchester, M43	2	House
£995	05/24	0.52 mi	Stokes Street, Manchester, M11	2	Terraced House
£975	03/25	0.52 mi	-	2	Terraced House
£850	04/24	0.53 mi	-	2	Terraced House
£1,395	03/25	0.54 mi	-	2	Semi-Detached House
£1,350	12/24	0.56 mi	-	2	Terraced House
£1,250	01/25	0.56 mi	-	2	Terraced House
£800	03/25	0.56 mi	-	2	Flat
£895	05/24	0.57 mi	-	2	Terraced House
£1,200	05/24	0.59 mi	Eastwood Avenue, Droyslden, M43	2	Detached House
£1,200	05/24	0.59 mi	-	2	Flat
£950	05/24	0.6 mi	-	2	Semi-Detached House

Local Area Statistics

Population in M11	20,27320,273
Population in Manchester	920,095920,095
Town centre distance	3.38 miles away3.38 miles away
Nearest school	0.30 miles away0.30 miles away
Nearest train station	0.55 miles away0.55 miles away

Rental growth (12m)	+112%+112%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+27%+27%

Property History

Listed for £98,000

March 14, 2025

Floor Plans

Description

To be sold by auction +
Close to the Etihad complex +
Gas central heating and double glazing +
EPC rating D +
Sought after location +

TO BE SOLD BY ONLINE AUCTION ON 26TH MARCH 2025 UNLESS SOLD PRIOR UNDER AUCTION TERMS. 124 Victoria Street, Openshaw, M11 2JW. Terraced house not yet inspected by Edward Mellor but understood to comprise lounge, dining room, kitchen, two bedrooms and bathroom. Rear yard. Gas central heating and double glazing. Vacant possession. Situated in a very popular area close to schools ranging from sixth form to nursery along with local shops including Morrisons, Lime Square and New Smithfield Market. VIRTUAL VIEWING COMING SOON

Here are some similar properties taken from Land Registry which have sold close by: 91, Meech Street, M11 2JJ sold on 18/10/2024 for £160,000 Terraced 2 beds 0.14 mi 44, Bartlett Street, M11 2EU sold on 03/06/2024 for £151,300 Terraced 2 beds 0.27 mi Located within easy reach of Manchester City centre, the Metrolink network, Etihad Stadium and training complex and the Velodrome National Cycling Centre. Openshaw has been popular for some time now and gaining momentum as is it constantly changing and improving being part of the East Manchester Regeneration Scheme. Tenant ready property rental values in the area are in the region of £900 to £1000 per month. EPC rating D.

Agent Details

Edward Mellor Ltd, Auction

0161 524 2443

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪

Similar Properties

Like this property? Maybe you'll like these ones close by too.

3 Bed House, Single Let, Manchester, M11 2JJ

£195,000

2 views • 6 months ago • 93 m²

2 Bed House, Single Let, Manchester, M11 2EX

£170,000

12 days ago • 68 m²

Sold STC

2 Bed House, Single Let, Manchester, M11 1AR

£95,000

4 views • 2 months ago • 90 m²

Sold STC

2 Bed House, Single Let, Manchester, M11 4GT

£200,000

10 views • 4 months ago • 118 m²

2 Bed Terraced House, Single Let, Manchester, M11 2JW, £98,000

ValuationUndervalued

CashflowsOpen in Analyser

Local Sold PricesDownload Show map

Local RentsDownload Show map

Links

Local Area Statistics

Property History

Floor Plans

Description

Agent Details

Next Steps?

Similar Properties

3 Bed House, Single Let, Manchester, M11 2JJ

2 Bed House, Single Let, Manchester, M11 2EX

2 Bed House, Single Let, Manchester, M11 1AR

2 Bed House, Single Let, Manchester, M11 4GT

Cashflows

Local Sold Prices

Local Rents