# 3 bedroom terraced house for sale (M23 1BD) ## Property Details | Key | Value | |-----|-------| | Address | Royal Oak Road, Manchester, Greater Manchester, M23, M23 1BD | | Price | £185,000 | | Bedrooms | 3 | | Bathrooms | 1 | | Council tax | A | ## Description NO CHAIN. Perfect for any first-time buyer or investors. Three bed mid-terrace property. Situated conveniently close to the motorway networks providing easy access to central Manchester and beyond. This fantastic opportunity is just a short stroll to Wythenshawe Park with beautiful open spaces to walk and enjoy, a delicious café and functioning farm with animals you're welcomed to visit. The property comprises of: entrance hall and staircase to the first floor. A generous reception room with ample room for lounge and dining, with access to the kitchen with fitted eye level units and space for white goods. Downstairs WC and rear entrance. To the first floor are three bedrooms, two of which generous doubles and a family bathroom. To the front is a gated lawn garden and the rear garden lawned with access via gated side access. Viewing is highly recommended as this property is sure to be very popular. ## Property Photos - ![Picture No. 17](/listings/photos/164313941/679540) - Picture No. 17 - ![Picture No. 01](/listings/photos/164313941/679541) - Picture No. 01 - ![Picture No. 04](/listings/photos/164313941/679542) - Picture No. 04 - ![Picture No. 02](/listings/photos/164313941/679543) - Picture No. 02 - ![Picture No. 15](/listings/photos/164313941/679544) - Picture No. 15 - ![Picture No. 03](/listings/photos/164313941/679545) - Picture No. 03 - ![Picture No. 05](/listings/photos/164313941/679546) - Picture No. 05 - ![Picture No. 06](/listings/photos/164313941/679547) - Picture No. 06 - ![Picture No. 07](/listings/photos/164313941/679548) - Picture No. 07 - ![Picture No. 08](/listings/photos/164313941/679549) - Picture No. 08 - ![Picture No. 09](/listings/photos/164313941/679550) - Picture No. 09 - ![Picture No. 10](/listings/photos/164313941/679551) - Picture No. 10 - ![Picture No. 11](/listings/photos/164313941/679552) - Picture No. 11 - ![Picture No. 13](/listings/photos/164313941/679553) - Picture No. 13 - ![Picture No. 14](/listings/photos/164313941/679554) - Picture No. 14 ## Floorplans - ![Floorplan](/listings/photos/164313941/679555) - Floorplan ## EPC Graphs - ![EPC Rating Graph](/listings/photos/164313941/679557) - EPC Rating Graph ## Sold Comparables *Same street and nearby sales within 0.25 miles. Data from Land Registry Price Paid. Last 5 years.* | Address | Price | Date | Type | |---------|-------|------|------| | 12 MALDEN GROVE, MANCHESTER, GREATER MANCHESTER, M23 1BT | £212,000 | 11/12/2025 | Terraced | | 595 ALTRINCHAM ROAD, MANCHESTER, GREATER MANCHESTER, M23 1DW | £270,000 | 11/09/2023 | Terraced | | 541 ALTRINCHAM ROAD, MANCHESTER, GREATER MANCHESTER, M23 1DN | £215,000 | 01/09/2023 | Terraced | | 19 ROYAL OAK ROAD, MANCHESTER, GREATER MANCHESTER, M23 1BE | £220,000 | 20/07/2023 | Terraced | | 10 NEARCROFT ROAD, MANCHESTER, GREATER MANCHESTER, M23 1BF | £210,000 | 14/10/2022 | Terraced | | 5 PENTWYN GROVE, MANCHESTER, GREATER MANCHESTER, M23 1BU | £236,000 | 27/06/2022 | Terraced | | 87 BAXTER GARDENS, MANCHESTER, GREATER MANCHESTER, M23 1BH | £186,000 | 21/12/2021 | Terraced | | [Same street] 76 ROYAL OAK ROAD, MANCHESTER, GREATER MANCHESTER, M23 1BD | £190,000 | 15/12/2021 | Terraced | | 8 CONEY GROVE, MANCHESTER, GREATER MANCHESTER, M23 1BP | £170,000 | 25/10/2021 | Terraced | **Street average:** £190,000 (1 sale) **Area average:** £214,875 (8 sales) ## Price vs local average *Outcode + property type (HousePrices, last 2 years).* - **Local average:** £264,918 (21 Terraced, M23, 2024–2026) - **Deviation:** -30.2% ## Rental Range *ONS Price Index of Private Rents (Manchester). Low / Realistic / Optimistic = conservative / average / best case.* - **Low:** £1,214/mo - **Realistic:** £1,349/mo - **Optimistic:** £1,484/mo ## LHA (Local Housing Allowance) *VOA 30th percentile rent floor for Southern Greater Manchester (Apr 2025 – Mar 2026).* - **LHA floor (this property size):** £898/mo ## Rental Comparables *Residential lets from OpenRent and Rightmove for the area (same bedroom count). Use to validate rent estimates. Student lets are excluded.* | Title | Rent | Beds | Distance | As seen on | |------|------|------|------|------| | 3 Bed Terraced House, Heyland Road, M23 | £1,300/mo | 3 | 0.14 miles | OpenRent | | 3 Bed Semi-Detached House, Moorcroft Road, M23 | £2,393/mo | 3 | 0.83 miles | OpenRent | | 3 Bed End Terrace, Tuffley Road, M23 | £1,550/mo | 3 | 1.07 miles | OpenRent | | 3 Bed Semi-Detached House, Kenyon Avenue, M33 | £1,669/mo | 3 | 1.14 miles | OpenRent | **Average rent: £1,728/mo (4 listings)** ## 1% Rule - **Rent ratio:** 0.87% (okay) - **Max investor price (0.8%):** £201,250 - **Target investor price (1%):** £161,000 *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 £1,610/mo).* - **Gross yield:** 10.4% - **Cost-to-rent:** 9.6× - **Monthly cashflow:** £695/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term) - **Cash-on-cash ROI:** 15.6% *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:** 18.8% - **10y growth:** 78.2% ## House Price Index (HM Land Registry) *Official index for Manchester; Terraced series; as of March 2026.* - **1y growth (index):** 3.2% - **5y growth (index):** 23.3% - **10y growth (index):** 85.1% ## 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)