2 Bed Terraced House, Single Let, Hyde, SK14 5QS, £55,000

5, Lilly Street, Hyde, SK14 5QS - 7 days ago

Auction
BTL
ROI: 28%
76 m²

ValuationUndervalued

Sold Prices£92K - £245K
Sold Prices/m²£1.5K/m² - £3.6K/m²

 

 

Square Metres

76 m²
Price/m²£724/m²

Value Estimate

£67,650
BMV23%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£13,750

Stamp Duty & Legal Fees

£3,950

Total Cash In

£17,700

 

 

Cash Out

 

Rent Range

£695 - £1,200

Rent Estimate

£756

Running Costs/mo

£343

Cashflow/mo

£413

Cashflow/yr

£4,955

ROI

28%

Gross Yield

16%

Local Sold Prices

50 sold prices from £92K to £245K, average is £165K. £1.5K/m² to £3.6K/m², average is £2.3K/m².

PriceDateDistanceAddressBeds 
£200K08/210.07 mi141, Stockport Road, Hyde, Greater Manchester SK14 5RA2
£245K06/210.07 mi122, Stockport Road, Hyde, Greater Manchester SK14 5RA2
£135K08/230.1 mi2, Kensington Avenue, Hyde, Greater Manchester SK14 5QF2
£200K08/210.11 mi141, Stockport Road, Hyde, Greater Manchester SK14 5RA2
£142K06/230.12 mi25, Kensington Street, Hyde, Greater Manchester SK14 5QD2
£125K04/230.12 mi6, Kensington Street, Hyde, Greater Manchester SK14 5QD2
£145K03/210.13 mi47, Back Bower Lane, Hyde, Greater Manchester SK14 5NS2
£217K05/230.16 mi25, Werneth Avenue, Hyde, Greater Manchester SK14 5NL2
£185K08/230.16 mi28, Werneth Avenue, Hyde, Greater Manchester SK14 5NL2
£153.5K12/200.16 mi25, Werneth Avenue, Hyde, Greater Manchester SK14 5NL2
£165K07/210.16 mi9, Rowan Street, Hyde, Greater Manchester SK14 5QL2
£195K09/210.17 mi62, Mottram Old Road, Hyde, Greater Manchester SK14 5NJ2
£210K10/210.17 mi74, Mottram Old Road, Hyde, Greater Manchester SK14 5NJ2
£222.5K02/210.17 mi64, Mottram Old Road, Hyde, Greater Manchester SK14 5NJ2
£210K02/210.19 mi41, Mottram Old Road, Hyde, Greater Manchester SK14 5NG2
£195K09/210.2 mi75, King Edward Road, Hyde, Greater Manchester SK14 5JJ2
£170K12/200.21 mi21, Acorn Avenue, Hyde, Greater Manchester SK14 5RR2
£164K01/210.21 mi29, Acorn Avenue, Hyde, Greater Manchester SK14 5RR2
£140K03/210.21 mi10, Knight Street, Hyde, Greater Manchester SK14 5QH2
£185K06/210.23 mi17, Osborne Road, Hyde, Greater Manchester SK14 5PY2
£180K01/210.23 mi12, Gower Hey Gardens, Hyde, Greater Manchester SK14 5GD2
£208K01/210.24 mi10, York Road, Hyde, Greater Manchester SK14 5JH2
£185K06/210.25 mi59, King George Road, Hyde, Greater Manchester SK14 5HT2
£180K09/230.29 mi264, Stockport Road, Hyde, Greater Manchester SK14 5RF2
£160K01/210.29 mi275, Stockport Road, Hyde, Greater Manchester SK14 5RF2
£211K04/210.29 mi7, Marlborough Road, Hyde, Greater Manchester SK14 5HU2
£225K04/210.29 mi108, King Edward Road, Hyde, Greater Manchester SK14 5JF2
£101K07/230.3 mi188, Lumn Road, Hyde, Greater Manchester SK14 1QA2
£110K11/200.3 mi196, Lumn Road, Hyde, Greater Manchester SK14 1QA2
£135K05/210.3 mi217, Lumn Road, Hyde, Greater Manchester SK14 1QA2
£147K11/210.31 mi3, Brooks Avenue, Hyde, Greater Manchester SK14 5HP2
£95K02/210.31 mi320, Market Street, Hyde, Greater Manchester SK14 1RJ2
£138.8K10/210.33 mi8, Tyrrell Grove, Hyde, Greater Manchester SK14 5SX2
£110K02/210.35 mi43, Haughton Street, Hyde, Greater Manchester SK14 1QR2
£168.5K01/210.36 mi7, Rock Street, Hyde, Greater Manchester SK14 5JX2
£92K01/210.37 mi22, Haughton Street, Hyde, Greater Manchester SK14 1QW2
£210K03/230.37 mi17, Hinton Grove, Hyde, Greater Manchester SK14 5ST2
£175K06/210.38 mi14, Joel Lane, Hyde, Greater Manchester SK14 5JY2
£147.5K07/210.38 mi19, Grosvenor Road, Hyde, Greater Manchester SK14 5AB2
£175K03/230.38 mi28, Grosvenor Road, Hyde, Greater Manchester SK14 5AB2
£165K08/230.39 mi13, Knott Lane, Hyde, Greater Manchester SK14 5SQ2
£130K01/230.39 mi145, Lumn Road, Hyde, Greater Manchester SK14 1PU2
£98K12/200.39 mi169, Lumn Road, Hyde, Greater Manchester SK14 1PU2
£125K03/210.39 mi193, Lumn Road, Hyde, Greater Manchester SK14 1PU2
£185K02/210.42 mi2, Buckley Close, Hyde, Greater Manchester SK14 5LG2
£117K09/210.42 mi18, Dowson Road, Hyde, Greater Manchester SK14 1JS2
£145K03/230.43 mi13, Brighton Grove, Hyde, Greater Manchester SK14 1JR2
£161K02/210.44 mi343, Stockport Road, Hyde, Greater Manchester SK14 5RU2
£165K01/210.46 mi50, Douglas Street, Hyde, Greater Manchester SK14 1QF2
£112.5K10/210.46 mi128, Lumn Road, Hyde, Greater Manchester SK14 1PR2

Local Rents

21 rents from £695/mo to £1.2K/mo, average is £900/mo.

RentDateDistanceAddressBeds 
£90009/240.08 miSmithy Fold Road, Hyde, Greater Manchester, SK142
£99503/250.18 mi-2
£90009/240.19 miThe Old Tannery, Hyde, Greater Manchester, SK142
£1,05009/240.23 miGower Hey Gardens, SK14 5GD2
£1,20010/240.28 mi-2
£1,05008/240.29 miStockport Road, Hyde, Cheshire, SK142
£95008/240.3 mi-2
£95008/240.3 miLumn Road, Hyde, SK142
£90009/240.31 miBrooks Avenue, Hyde, Greater Manchester, SK142
£89508/240.42 mi-2
£89509/240.42 mi-2
£95008/240.45 miStockport Road, Hyde2
£95009/240.47 miMona Street, Hyde2
£89503/250.49 mi-2
£80008/240.5 miStockport Road,Gee Cross,Hyde,SK14 5RY2
£89508/240.52 mi-2
£84509/240.55 mi**LET BY, SIMPLE!** Lumn Road, Hyde, SK14 1PJ2
£69508/240.56 mi-2
£69508/240.56 mi-2
£90008/240.58 miMarket Street, Hyde, Greater Manchester, SK142
£85012/230.6 mi-2

Local Area Statistics

Population in SK14

46,174

Population in Hyde

46,177

Town centre distance

0.58 miles away

Nearest school

0.20 miles away

Nearest train station

0.88 miles away

 

 

Rental growth (12m)

+27%

Sales demand

Seller's market

Capital growth (5yrs)

+44%

Property History

Listed for £55,000

April 4, 2025

Description

  • TO BE SOLD UNDER AUCTION TERMS +
  • HIGHLY DISIRABLE AREA +
  • COTTAGE DATING BACK TO 1862 +
  • BUY TO LET +

TO BE SOLD BY ONLINE AUCTION ON 23 RD APRIL 2025 UNLESS SOLD PRIOR UNDER AUCTION TERMS AND CONDITIONS 5, Lilly Street, Hyde, SK14 5QS Not inspected by Edward Mellor. Cottage dating back to 1862 and reported to comprise; accommodation over two floors with large porch, lounge, dining kitchen, utility room and WC on ground floor, two bedrooms and bathroom on first floor. It presents an excellent investment opportunity in a popular residential area. This two-bedroom terraced property is being sold with tenants in situ; tenancy agreement has been requested. Hyde is a thriving town within Greater Manchester, offering excellent connectivity via road and rail, with easy access to the M67 and M60 motorways. Manchester city centre is approximately 25 minutes away, making it an attractive location for commuters. The area has seen steady property price growth in recent years, with high rental demand driven by professionals and families seeking housing with great access to the city. The property is being sold as seen and there is no internal access to the property. Buyers should conduct their own due diligence before bidding.

Here are some similar properties taken from Land Registry which have sold close by that highlight the potential: 171, Stockport Road, Hyde, SK14 5RA-Sold - 28/10/2024 £168,000 Terraced 2 beds 0.17 mi 14, Meadow Street, Hyde, SK14 1RA- Sold - 01/07/2024 £145,000 Terraced 2 beds 0.31 mi 4, Smithy Fold Road, Hyde, SK14 5QY- Sold - 07/06/2024 £130,000 Terraced 2 beds 0.08 mi Tenant ready property values in the area in the region of £800pcm.

Agent Details

Edward Mellor Ltd, Auction

0161 524 2443

Next Steps?

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