2 Bed Flat, Single Let, Manchester, M14 6WT, £159,995

Whiteoak Road, Manchester, M14 6WT - 3 views - 2 years ago

Sold STC

Leasehold

BTL

ROI: 4%

~68 m²

+8 photos

ValuationUndervalued

Sold Prices	£70K - £450K
Sold Prices/m²	£1.7K/m² - £3.4K/m²

Square Metres	~68.11 m²
Price/m²	£2.3K/m²
Value Estimate	£184,669£184,669
BMV	15%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£39,999£39,999
Stamp Duty & Legal Fees	£6,000£6,000
Total Cash In	£45,999£45,999

Cash Out
Rent Range	£650 - £3,300£650 - £3,300
Rent Estimate	£850
Running Costs/mo	£690£690
Cashflow/mo	£160£160
Cashflow/yr	£1,920£1,920
ROI	4%4%
Gross Yield	6%6%

Local Sold Prices

46 sold prices from £70K to £450K, average is £160.8K. £1.7K/m² to £3.4K/m², average is £2.7K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£129K	05/23	0.04 mi	Flat 7, Delamere House, Brook Road, Manchester, Greater Manchester M14 6UJ	£1,925	67	2	Flat
£155K	12/20	0.14 mi	Flat 4, Willow Court, Willow Bank, Manchester, Greater Manchester M14 6XP	-	-	2	Flat
£130.5K	03/21	0.14 mi	Flat 3, Lees Hall Court, Lees Hall Crescent, Manchester, Greater Manchester M14 6YP	-	-	2	Flat
£135.5K	01/21	0.15 mi	14 Agnes Court, Wilmslow Road, Manchester, Greater Manchester M14 6AJ	-	-	2	Flat
£213K	10/21	0.18 mi	32, Willow Bank, Manchester, Greater Manchester M14 6XT	£2,107	101	2	Flat
£202K	12/22	0.18 mi	30, Willow Bank, Manchester, Greater Manchester M14 6XT	£2,220	91	2	Flat
£176.6K	02/23	0.3 mi	20, Gwynant Place, Manchester, Greater Manchester M20 4AE	£2,717	65	2	Flat
£147K	09/21	0.34 mi	66, Chervil Close, Manchester, Greater Manchester M14 7DP	£2,748	53	2	Flat
£162K	08/23	0.34 mi	66, Chervil Close, Manchester, Greater Manchester M14 7DP	£3,029	53	2	Flat
£149.9K	06/23	0.34 mi	10, Chervil Close, Manchester, Greater Manchester M14 7DP	£2,829	53	2	Flat
£131K	05/21	0.34 mi	74, Chervil Close, Manchester, Greater Manchester M14 7DP	£2,183	60	2	Flat
£450K	07/21	0.48 mi	1, Parsonage Road, Manchester, Greater Manchester M20 4PB	-	-	2	Flat
£169K	12/20	0.48 mi	50, Strathblane Close, Manchester, Greater Manchester M20 3FZ	£2,991	57	2	Flat
£147.5K	12/20	0.57 mi	93, Parrs Wood Road, Manchester, Greater Manchester M20 4SH	£2,950	50	2	Flat
£152.5K	12/20	0.57 mi	51, Parrs Wood Road, Manchester, Greater Manchester M20 4SH	£2,460	62	2	Flat
£168K	01/23	0.58 mi	22, Whimberry Way, Withington, Manchester, Greater Manchester M20 4SG	£3,055	55	2	Flat
£191K	12/22	0.6 mi	72, Briarfield Road, Manchester, Greater Manchester M20 4SS	£3,429	56	2	Flat
£113K	01/23	0.61 mi	22, Kinderton Avenue, Manchester, Greater Manchester M20 1AL	£2,173	52	2	Flat
£185K	12/22	0.66 mi	Flat 46, Thorne House, Wilmslow Road, Manchester, Greater Manchester M14 6DW	-	-	2	Flat
£155K	10/21	0.69 mi	Flat 65, Thorne House, Wilmslow Road, Manchester, Greater Manchester M14 6DW	-	-	2	Flat
£125K	06/23	0.69 mi	Flat 12, Thorne House, Wilmslow Road, Manchester, Greater Manchester M14 6DW	-	-	2	Flat
£168.8K	11/22	0.69 mi	Flat 26, Thorne House, Wilmslow Road, Manchester, Greater Manchester M14 6DW	-	-	2	Flat
£187.5K	12/22	0.69 mi	Flat 18, Thorne House, Wilmslow Road, Manchester, Greater Manchester M14 6DW	-	-	2	Flat
£203K	12/22	0.69 mi	Flat 68, Thorne House, Wilmslow Road, Manchester, Greater Manchester M14 6DW	-	-	2	Flat
£188K	09/23	0.71 mi	145, Parrs Wood Road, Manchester, Greater Manchester M20 4RS	£2,984	63	2	Flat
£165K	05/21	0.72 mi	Flat 95, Appleby Lodge, Wilmslow Road, Manchester, Greater Manchester M14 6HG	-	-	2	Flat
£250K	12/22	0.74 mi	Flat 56, Appleby Lodge, Wilmslow Road, Manchester, Greater Manchester M14 6HY	-	-	2	Flat
£175K	12/20	0.75 mi	Flat 5, Everett Court, Aldborough Close, Manchester, Greater Manchester M20 3DT	-	-	2	Flat
£194K	03/23	0.76 mi	6, Thursby Avenue, Manchester, Greater Manchester M20 1FT	£3,031	64	2	Flat
£71.5K	10/20	0.78 mi	Flat 232, Ferguson Court, Acorn Close, Manchester, Greater Manchester M19 2HS	-	-	2	Flat
£85K	09/22	0.78 mi	Flat 231, Ferguson Court, Acorn Close, Manchester, Greater Manchester M19 2HS	-	-	2	Flat
£80K	03/21	0.78 mi	Flat 238, Ferguson Court, Acorn Close, Manchester, Greater Manchester M19 2HS	-	-	2	Flat
£70K	03/23	0.78 mi	Flat 246, Ferguson Court, Acorn Close, Manchester, Greater Manchester M19 2HS	-	-	2	Flat
£135K	02/23	0.78 mi	19, Bucklow Avenue, Manchester, Greater Manchester M14 7AR	£1,985	68	2	Flat
£159.5K	12/23	0.8 mi	14, Bucklow Avenue, Manchester, Greater Manchester M14 7AR	£2,346	68	2	Flat
£131K	12/20	0.8 mi	14, Bucklow Avenue, Manchester, Greater Manchester M14 7AR	£1,926	68	2	Flat
£245K	06/21	0.82 mi	Flat 6, Holly Court, Palatine Road, Manchester, Greater Manchester M20 3JE	-	-	2	Flat
£263K	06/21	0.82 mi	Flat 10, Holly Court, Palatine Road, Manchester, Greater Manchester M20 3JE	-	-	2	Flat
£210K	12/22	0.84 mi	Flat 7, Rutland Court, Oak Road, Manchester, Greater Manchester M20 3BA	£2,796	75	2	Flat
£142K	10/21	0.86 mi	146a, Burnage Lane, Manchester, Greater Manchester M19 1EF	£2,630	54	2	Flat
£190K	04/21	0.86 mi	30, Meltham Avenue, Manchester, Greater Manchester M20 1FF	£2,969	64	2	Flat
£75K	02/23	0.9 mi	5, Moorton Avenue, Manchester, Greater Manchester M19 2NQ	-	-	2	Flat
£103K	01/21	0.9 mi	77, Broadlea Road, Manchester, Greater Manchester M19 1EG	-	-	2	Flat
£115K	03/21	0.92 mi	1a, Avon Road, Manchester, Greater Manchester M19 1HP	£1,746	66	2	Flat
£192K	02/23	0.92 mi	95, Golborne Avenue, Manchester, Greater Manchester M20 1FH	£3,000	64	2	Flat
£177.5K	07/23	0.97 mi	92, Meltham Avenue, Manchester, Greater Manchester M20 1EF	-	-	2	Flat

Local Rents

50 rents from £650/mo to £3.3K/mo, average is £1.1K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,200	06/24	0.03 mi	The Deansgate, Whiteoak Road, Fallowfield, M14	2	Flat
£1,050	05/24	0.04 mi	Whiteoak Road, Manchester, Greater Manchester, M14	2	Flat
£1,000	05/24	0.04 mi	Whiteoak Road, Manchester, Greater Manchester, M14	2	Flat
£1,000	05/24	0.04 mi	Whiteoak Road, Manchester, Greater Manchester, M14	2	Flat
£850	03/24	0.07 mi	350 Wilmslow Road,Fallowfield,Manchester,M14 6AB	2	Flat
£1,150	06/24	0.1 mi	Amherst Gardens, 22C Amherst Road, Withington, M14 6UQ	2	Flat
£999	03/24	0.1 mi	Brook Road, Manchester, M14 6UE	2	Flat
£1,200	03/24	0.13 mi	4 Egerton Road, Fallowfield. M14 6YB	2	Flat
£850	05/24	0.13 mi	-	2	Flat
£1,295	05/24	0.14 mi	Willow Court, M14	2	Flat
£1,025	03/24	0.14 mi	Lees Hall Crescent, Manchester, Greater Manchester, M14	2	Flat
£997	05/24	0.14 mi	Egerton Road, Fallowfield, Manchester	2	Flat
£971	05/24	0.14 mi	Egerton Road, Fallowfield, Manchester	2	Flat
£650	05/24	0.15 mi	Egerton Road, Manchester,	2	Flat
£971	05/24	0.16 mi	Egerton Road, Manchester M14 6NQ	2	Flat
£1,400	03/24	0.16 mi	Beech Court, Willowbank	2	Flat
£900	05/24	0.16 mi	Flat 7 34, Derby Road, Manchester, M14	2	Flat
£1,404	05/24	0.19 mi	Sherwood Street, 2 Bed, Fallowfield, Manchester	2	Flat
£3,300	02/24	0.19 mi	-	2	House
£3,300	05/24	0.19 mi	-	2	Flat
£3,300	05/24	0.19 mi	-	2	Flat
£3,300	05/24	0.19 mi	-	2	Flat
£1,126	05/24	0.19 mi	Wellington Road, Fallowfield, Manchester, M14	2	Flat
£1,040	05/24	0.19 mi	Wellington Road, Fallowfield, Manchester, M14	2	Flat
£1,100	05/24	0.2 mi	Wilmslow Road, Manchester, M20	2	Flat
£850	06/24	0.2 mi	Wellington Road, Fallowfield	2	Flat
£2,600	05/24	0.2 mi	Egerton, Manchester M14 6UZ	2	Flat
£1,340	03/25	0.2 mi	-	2	Flat
£850	03/24	0.21 mi	9 Wynnstay Grove,Fallowfield,Manchester,M14 6XF	2	Flat
£1,295	06/24	0.21 mi	-	2	Flat
£1,295	05/24	0.21 mi	Orange Grove House, Manchester, M14	2	Flat
£890	03/24	0.21 mi	11 Wynnstay Grove,Fallowfield,Manchester,M14 6XF	2	Flat
£1,080	03/24	0.21 mi	Mauldeth Road, Withington, Manchester, M20	2	Flat
£1,060	03/24	0.21 mi	Mauldeth Road, Withington, Manchester, M20	2	Flat
£1,400	05/24	0.22 mi	Sherwood Street, Manchester M14 6NJ	2	Flat
£1,150	12/24	0.22 mi	-	2	Terraced House
£1,150	05/24	0.22 mi	Thorn Grove, Manchester, M14	2	Terraced House
£1,150	05/24	0.22 mi	Thorn Grove, Manchester, M14	2	Terraced House
£1,300	06/24	0.23 mi	-	2	Flat
£1,075	05/24	0.23 mi	Arosa Court, 419 Wilmslow Road, Withington, Manchester, M20	2	Flat
£1,295	05/24	0.23 mi	Sherwood Street, 2 Bed, Fallowfield, Manchester	2	Flat
£1,100	05/24	0.23 mi	Derby Road, Fallowfield, M14	2	Terraced House
£1,050	05/24	0.24 mi	Booth Avenue, Manchester, M14	2	Flat
£995	06/24	0.24 mi	Egerton Road, Manchester, M14	2	Flat
£1,023	05/24	0.25 mi	Egerton Road, 2 Bed, Fallowfield, Manchester	2	Flat
£1,250	05/24	0.25 mi	28 Ladybarn Lane, Fallowfield, Manchester, Greater Manchester, M14	2	Flat
£1,200	05/24	0.25 mi	Ladybarn Court, Ladybarn Lane, Fallowfield, Manchester, M14	2	Flat
£1,250	05/24	0.25 mi	Ladybarn Lane , Fallowfield	2	Flat
£1,150	12/24	0.26 mi	-	2	Flat
£1,495	05/24	0.26 mi	Ladybarn Road, Manchester, M14 6WN	2	Flat

Local Area Statistics

Population in M14	52,85352,853
Population in Manchester	920,095920,095
Town centre distance	1.72 miles away1.72 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.56 miles away0.56 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 £159,995

June 26, 2023

Description

Attention Buy To Let Investors!

Currently rented for £850pcm.

A superb two double bedroom, first-floor apartment positioned within a highly sought after development just off Whiteoak Road. The property lies within easy reach of local amenities and Manchester City Centre is within close proximity.

The accommodation is both spacious and particularly versatile and briefly comprises; Entrance hallway with useful storage cupboards, an open plan living/dining room with feature bay window overlooking the well-maintained communal gardens, and two double bedrooms are served by the bathroom fitted with three piece suite including shower over bath to complete the accommodation.

Externally the property benefits from communal gardens , resident parking and off-street parking for residents/visitors.

Agent Details

Thornley Groves, Fallowfield

0161 524 6049

Next Steps?

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

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