# Plot for sale (M34 5EN)

## Property Details

| Key | Value |
|-----|-------|
| Address | 1 RICHARDS CLOSE, MANCHESTER, AUDENSHAW, GREATER MANCHESTER M34 5EN |
| Price | £44,000 |
| Last sold | £60,000 Apr 2000 |

## Description

TO BE SOLD BY ONLINE AUCTION ON 1-2ND JULY 2026 UNLESS SOLD PRIOR UNDER AUCTION TERMS

Land On The South Side Of Poplar Street, Audenshaw, M34 5EN

An exciting opportunity to acquire a parcel of land in an established residential location, offering potential for future development subject to the necessary planning consents.

Supporting documents suggest the site could potentially accommodate a pair of semi-detached houses, each with off-road parking. No planning application has been submitted or determined, and buyers must rely on their own enquiries with Tameside Council.

The site may appeal to builders, developers and investors seeking a small-scale project with potential uplift, subject to planning.

Comparable semi-detached properties in the surrounding area help demonstrate the possible end value, subject to planning, specification and final scheme design.

14, Ashlands Drive, Manchester, M34 5EL Sold 06/02/2026 £205,000 0.13 mi

5, The Old Stables, Manchester, M34 5DH Sold 07/11/2025 £260,000 0.24 mi

4, Churchfields, Manchester, M34 5HZ Sold 10/09/2025 £285,000 0.29 mi

Tenanted rental values in the area are in the region of £1400 - £1500 per month

The site is located in an established residential area close to local amenities, schools, transport links and Guide Bridge railway station, offering convenient access towards Manchester, Ashton-under-Lyne, Stockport and surrounding areas.

## Property Photos

- ![Poplar Street land.png](/listings/photos/90017961/845868) - Poplar Street land.png
- ![Drawings.png](/listings/photos/90017961/845869) - Drawings.png
- ![Denton land 1.jpeg](/listings/photos/90017961/845870) - Denton land 1.jpeg
- ![Denton land 2.jpeg](/listings/photos/90017961/845871) - Denton land 2.jpeg
- ![Denton Land 3.jpeg](/listings/photos/90017961/845872) - Denton Land 3.jpeg

## Floorplans

- ![Title plan.png](/listings/photos/90017961/845873) - Title plan.png

## Sales History

*Recorded sales for this property. Data from Land Registry Price Paid.*

| Address | Price | Date | Type |
|---------|-------|------|------|
| 1 RICHARDS CLOSE, AUDENSHAW, MANCHESTER, TAMESIDE, GREATER MANCHESTER, M34 5EN | £60,000 | 11/04/2000 | Detached |

## Sold Comparables

*Same street and nearby sales within 0.25 miles. Data from Land Registry Price Paid. Last 5 years.*

| Address | Price | Date | Type |
|---------|-------|------|------|
| 22 EAST STREET, AUDENSHAW, MANCHESTER, TAMESIDE, GREATER MANCHESTER, M34 5BX | £115,000 | 23/05/2022 | Other |

**Area average:** £115,000 (1 sale)

## Price vs local average

*Outcode + property type (HousePrices, last 2 years).*

- **Local average:** £297,425 (8 Other, M34, 2024–2026)
- **Deviation:** -85.2%

## Rental Range

*ONS Price Index of Private Rents (Tameside). Low / Realistic / Optimistic = conservative / average / best case.*

- **Low:** £828/mo
- **Realistic:** £920/mo
- **Optimistic:** £1,012/mo

## LHA (Local Housing Allowance)

*VOA 30th percentile rent floor for Halifax (Apr 2025 – Mar 2026).*

## Rental Comparables

*Residential lets from OpenRent and Rightmove for the area. Bedroom counts vary — use the Beds column to compare like-for-like lets. Student lets are excluded.*

| Title | Rent | Beds | Distance | As seen on |
|------|------|------|------|------|
| 2 Bed Terraced House, South St, OL7 | £1,100/mo | 2 | 0.47 miles | OpenRent |
| 2 Bed Terraced House, Oxford St West, OL7 | £900/mo | 2 | 0.51 miles | OpenRent |
| 2 Bed Terraced House, Pelham Street, OL7 | £1,100/mo | 2 | 0.57 miles | OpenRent |
| 1 Bed Flat, Ruby Street, M34 | £675/mo | 1 | 0.97 miles | OpenRent |

**Average rent: £944/mo (4 listings)**

## 1% Rule

- **Rent ratio:** 2.27% (strong)
- **Max investor price (0.8%):** £125,000
- **Target investor price (1%):** £100,000

*Monthly rent ÷ price. 1%+ = strong, 0.8–1% = okay, <0.8% = weak. Max investor price = rent ÷ 0.8% (Stoke-style target). Target investor price = rent ÷ 1% (strong cashflow band). Based on OpenRent comparables.*

## Rent-driven metrics

*Based on OpenRent comparables (median £1,000/mo).*

- **Gross yield:** 27.3%
- **Cost-to-rent:** 3.7×
- **Monthly cashflow:** £702/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** 66%

*Gross yield = annual rent as % of price (no costs). Cost-to-rent = price ÷ annual rent (from OpenRent comparables); under 14× = strong, 14–16× = acceptable, 17×+ = compressed. Cashflow = rent − mortgage − 10% maintenance − £25/mo compliance; assumes 75% LTV, 3.95% APR (5yr fixed), 25yr term. ROI = annual profit ÷ cash in (deposit + 4% purchase costs).*

## Capital growth trend

*Land Registry outcode average from sold prices: last 12 months vs 5y and 10y ago.*

- **5y growth:** 354.2%
- **10y growth:** 442.3%

## House Price Index (HM Land Registry)

*Official index for Tameside; All dwelling types series; as of April 2026.*

- **1y growth (index):** 5.1%
- **5y growth (index):** 30.7%
- **10y growth (index):** 83.4%

## Flood risk

- **Zone:** 1
- **Risk:** Low
- **Source:** Job (default Low)

[Check long-term flood risk (GOV.UK)](https://check-long-term-flood-risk.service.gov.uk/postcode)