2 Bed Flat, Single Let, Manchester, M15 4GT, £200,000

Kelso Place, Manchester, M15 4GT - 3 views - 2 years ago

Leasehold
BTL
ROI: 7%
~68 m²
+5 photos

ValuationFair Value

Sold Prices£102K - £430K
Sold Prices/m²£1.7K/m² - £4.4K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.9K/m²

Value Estimate

£199,980

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£50,000

Stamp Duty & Legal Fees

£7,200

Total Cash In

£57,200

 

 

Cash Out

 

Rent Range

£1,050 - £2,100

Rent Estimate

£1,200

Running Costs/mo

£885

Cashflow/mo

£315

Cashflow/yr

£3,780

ROI

7%

Gross Yield

7%

Local Sold Prices

50 sold prices from £102K to £430K, average is £163K. £1.7K/m² to £4.4K/m², average is £2.9K/m².

PriceDateDistanceAddressBeds 
£180K12/220.14 miApartment 47, Slater House, Woden Street, Salford, Greater Manchester M5 4UE2
£250K07/210.16 miFlat 301, Former St. Georges Church, Arundel Street, Manchester, Greater Manchester M15 4JZ2
£260K06/230.16 miFlat 108, Former St. Georges Church, Arundel Street, Manchester, Greater Manchester M15 4JZ2
£153K12/230.19 miRenolds House, Apartment 19, Everard Street, Salford, Greater Manchester M5 4UB2
£114K11/230.19 miApartment 1, Renolds House, Everard Street, Salford, Greater Manchester M5 4UB2
£210K09/210.19 miFlat 202, Former St. Georges Church, Arundel Street, Manchester, Greater Manchester M15 4JZ2
£173K11/210.21 miApartment 72, Irwell Building, Derwent Street, Salford, Greater Manchester M5 4SS2
£171.5K07/210.21 miApartment 49, Irwell Building, Derwent Street, Salford, Greater Manchester M5 4SS2
£130K01/210.23 miFlat 29, Thomas Court, Beattock Close, Manchester, Greater Manchester M15 4JA2
£110K11/200.23 miFlat 41, Cassandra Court, Asgard Drive, Salford, Greater Manchester M5 4TW2
£150K11/220.23 miFlat 42, Cassandra Court, Asgard Drive, Salford, Greater Manchester M5 4TW2
£136.1K01/230.24 miFlat 66, Imogen Court, Asgard Drive, Salford, Greater Manchester M5 4TQ2
£138K03/230.24 miFlat 102, Imogen Court, Asgard Drive, Salford, Greater Manchester M5 4TQ2
£102K03/210.24 miFlat 101, Imogen Court, Asgard Drive, Salford, Greater Manchester M5 4TQ2
£138K07/230.24 miFlat 90, Imogen Court, Asgard Drive, Salford, Greater Manchester M5 4TQ2
£127.5K07/230.25 miFlat 11, Miranda Court, Asgard Drive, Salford, Greater Manchester M5 4TN2
£130K05/230.25 miFlat 2, Miranda Court, Asgard Drive, Salford, Greater Manchester M5 4TN2
£128K02/210.25 miFlat 19, Miranda Court, Asgard Drive, Salford, Greater Manchester M5 4TN2
£400K04/210.33 miApartment 310, Middle Warehouse, Castle Quay, Manchester, Greater Manchester M15 4NT2
£350K04/210.33 miApartment 301, Middle Warehouse, Castle Quay, Manchester, Greater Manchester M15 4NT2
£430K01/230.33 miSuite 509, Middle Warehouse, Castle Quay, Manchester, Greater Manchester M15 4NT2
£215K12/220.34 mi326, City Road, Manchester, Greater Manchester M15 4FA2
£230K08/210.37 mi32, Potato Wharf, Manchester, Greater Manchester M3 4NB2
£212K09/210.37 mi28, Potato Wharf, Manchester, Greater Manchester M3 4NB2
£210K03/210.38 mi19, Woollam Place, Manchester, Greater Manchester M3 4JJ2
£148K05/210.41 mi94, Jackson Crescent, Manchester, Greater Manchester M15 5AA2
£172.5K06/230.41 mi94, Jackson Crescent, Manchester, Greater Manchester M15 5AA2
£173.5K12/220.41 mi86, Jackson Crescent, Manchester, Greater Manchester M15 5AA2
£240K04/210.41 mi127f, Liverpool Road, Manchester, Greater Manchester M3 4JN2
£208K02/210.41 mi133d, Liverpool Road, Manchester, Greater Manchester M3 4JN2
£170K12/220.42 mi44, Jackson Crescent, Manchester, Greater Manchester M15 5AA2
£172K03/240.45 mi7, St Wilfrids Street, Manchester, Greater Manchester M15 5XE2
£157.5K04/210.51 mi15, Shawgreen Close, Manchester, Greater Manchester M15 4DR2
£138K07/210.52 mi324a, Stretford Road, Manchester, Greater Manchester M15 5TP2
£122.5K05/210.53 mi377a, Stretford Road, Manchester, Greater Manchester M15 4AW2
£155K09/200.54 mi37, Greenwood Terrace, Salford, Greater Manchester M5 3GH2
£153.5K03/210.54 mi41, Greenwood Terrace, Salford, Greater Manchester M5 3GH2
£137K08/210.55 mi28, Chorlton Road, Hulme, Manchester, Greater Manchester M15 4AU2
£142K05/210.55 mi56, Chorlton Road, Manchester, Greater Manchester M15 4AU2
£137.5K11/200.55 mi60, Chorlton Road, Hulme, Manchester, Greater Manchester M15 4AU2
£220K06/210.56 mi29, Rozel Square, Manchester, Greater Manchester M3 4FQ2
£160K08/230.56 mi1d, Rolls Crescent, Manchester, Greater Manchester M15 5JZ2
£142K05/210.57 mi56, Chorlton Road, Manchester, Greater Manchester M15 4AU2
£165K06/230.57 mi296b, Stretford Road, Manchester, Greater Manchester M15 5TN2
£277K07/210.58 mi1, Culvercliffe Walk, Manchester, Greater Manchester M3 4FL2
£294K12/200.58 mi11, Culvercliff Walk, Manchester, Greater Manchester M3 4FL2
£285K06/210.58 mi28, Porchfield Square, Manchester, Greater Manchester M3 4FG2
£157.5K05/230.59 mi22, Yew Street, Hulme, Manchester, Greater Manchester M15 5YW2
£161K02/240.63 mi104, Royce Road, Hulme, Manchester, Greater Manchester M15 5LA2
£170K02/230.64 mi17, Radclyffe Mews, Salford, Greater Manchester M5 3GD2

Local Rents

50 rents from £1.1K/mo to £2.1K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,10006/240 miKelso Place, Castlefield, Manchester, M152
£1,25003/250 mi-2
£1,12503/250 mi-2
£1,10005/240 miSt Georges Island, Kelso Place, M15 4GT2
£1,30005/240.01 mi-2
£1,30005/240.01 mi4 Kelso Place, St Georges Island, Castlefield2
£1,25012/240.01 mi-2
£1,25005/240.01 miSt Georges Island, 2 Kelso Place, Castlefield2
£1,15005/240.02 miSt Georges Island, 3 Kelso Place, Manchester City Centre, Manchester, M152
£1,35005/240.02 miExcelsior Works, Castlefield2
£1,19505/240.03 miSt. Georges Island, Kelso Place, Castlefield, Manchester, M152
£1,15005/240.03 miKelso Place, Manchester, M152
£1,30012/240.03 mi-2
£1,43003/250.03 mi-2
£1,20005/240.03 mi-2
£1,20005/240.03 miKelso Place, Manchester, M152
£1,19505/240.03 miSt Georges Island Block 3, 3 Kelsoe Place, Castlefield, Manchester City Center, M152
£1,10005/240.03 miSt Georges Island, 4 Kelsoe Place, Manchester, M152
£1,12505/240.03 miSt Georges Island, 4 Kelso Place, Manchester City Centre, M152
£1,10005/240.03 miSt Georges Island, 4 Kelsoe Place, Manchester City Centre, M152
£1,05006/240.03 miSt Georges Island, 4 Kelso Place, Manchester City Centre, M152
£1,20005/240.03 miSt Georges Island, 3 Kelso Place, Castlefield, Manchester, M152
£1,35005/240.04 miSt Georges Island , 2 Kelso Place , Manchester2
£1,17505/240.04 miSt Georges Island, 5 Kelso Place, Castlefield, Manchester, M152
£1,50005/240.04 miKelso Place, Manchester, Greater Manchester, M152
£1,29505/240.04 mi-2
£1,29505/240.04 miBritannia Mills, Manchester, M152
£1,49505/240.05 miAlbert Mill, 50 Ellesmere Street, Castlefield2
£1,55006/240.05 miBritannia Mills, 11 Hulme Hall Road, Castlefield2
£1,29503/250.05 mi-2
£1,60003/250.05 mi-2
£1,55002/250.05 mi-2
£1,49906/240.05 miExcelsior works, Hulme Hall Road, Manchester2
£1,30005/240.05 miSt Georges Island, 2 Kelso Place, Castlefield, Manchester, M152
£1,39505/240.06 miSt Georges Island, 2 Kelso Place, Castlefield, Manchester, M152
£1,39505/240.06 miKelso Place, Manchester, Greater Manchester, M152
£1,50005/240.08 miExcelsior Works, Hulme Hall Road, Manchester2
£1,35005/240.08 miHulme Hall Road, Manchester, Greater Manchester, M152
£1,30005/240.08 miExcelsior Works, Hulme Hall Road, Manchester2
£1,59505/240.08 miExcelsior Works, Castlefield, Manchester2
£1,40006/240.08 miExcelsior Works, Hulme Hall Road, Manchester2
£1,55006/240.08 miExcelsior Works, Hulme Hall Road, Manchester2
£1,40006/240.08 miHulme Hall Road, Castlefield2
£1,15005/240.08 miLake House, 66 Ellesmere Street, Castlefield, Manchester, M152
£1,40006/240.09 miDowntown (Block A) 9 Woden Street, Salford2
£1,20005/240.09 miMere House, Castlefield Locks, Ellesmere Street, Castlefield2
£2,10001/250.09 miAlbert Mill, 50 Ellesmere Street, Castlefield, Manchester, M15 4JY2
£1,32505/240.09 miDowntown, 9 Woden Street, Salford2
£1,30006/240.09 miDowntown, 9 Woden Street, Salford2
£1,15005/240.09 miBurton Place, Castlefield, Manchester, M152

Local Area Statistics

Population in M15

20,050

Population in Manchester

920,095

Town centre distance

1.29 miles away

Nearest school

0.40 miles away

Nearest train station

0.22 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+14%

Sales demand

Balanced market

Capital growth (5yrs)

+39%

Property History

Listed for £200,000

July 18, 2023

Description

  • Well-Presented Ground Floor Apartment +
  • Offered with No Onward Chain - Ready to Move In or Let +
  • Two Double Bedrooms +
  • Dual Aspect Open Plan Living Space +
  • Modern Kitchen with Integral Appliances +
  • Modern Bathroom & Master En-Suite Shower Room +
  • Spacious Enclosed Balcony +
  • Excellent Shops, Amenities & Transport Links with Nearby Tram Stop +
  • Walking Distance into Manchester City Centre +
  • Good Rental Yield - Around £1,200pcm +

INTERNAL: Entrance Hall - The ground floor entrance door from the communal hall opens to the entrance hall, with wood laminate flooring, a walk-in storage cupboard and doors to the living space, the bedrooms and the bathroom. Lounge/Kitchen/Diner - Bright and spacious room offering generous space for furniture for both living and dining with a fitted kitchen, having a double glazed window, wood laminate flooring and a sliding double glazed door to the balcony. The kitchen is fitted with a range of modern wall and base units with complementing worktops, an inset stainlesss teel sink basin and an integrated fridge-freezer, dishwasher and electric oven with a countertop ceramic electric hob, a glass splashback and an overhead extractor hood. Bedroom One - Double sized bedroom with carpeted flooring, good space for furniture, a double glazed window and door to the balcony and a door to the en-suite. En-Suite - Modern suite comprising a push-button WC, a wash hand basin, an insert shower enclosure with a glass door, tiled flooring and splashbacks and a recessed mirror with a vanity shelf, overhead cupboards and spotlights. Bedroom Two - Double sized bedroom with wood laminate flooring, a double glazed window and door to the balcony and good space for furniture. Bathroom - Modern suite comprising a push-button WC, a wash hand basin, a panelled bath with an overhead shower and glass screen, tiled flooring and splashbacks and a recessed mirror with a vanity shelf, overhead cupboards and spotlights. EXTERNAL: The property has an enclosed balcony providing good space for sitting and dining, laid with wood decking and having windows with views. The building is set within a cul-de-sac with other apartment blocks and is a short walk from the city centre having a good range of shops, amenities and transport links, and there is a nearby tram stop with links into the city and beyond. ADDITIONAL INFORMATION: Council Tax Band: C Local Authority: Manchester Lease: 125 years from 1 May 2006 Ground Rent: £259.31 per annum Service Charge Water Charges: £2541 per annum *This information is to be confirmed by the vendor's solicitor* Early viewing is highly recommended due to the property being realistically priced.

Disclaimer: These particulars, whilst believed to be accurate are set out as a general guideline and do not constitute any part of an offer or contract. Intending Purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. Please note that we have not tested any apparatus, equipment, fixtures, fittings or services including gas central heating and so cannot verify they are in working order or fit for their purpose. Furthermore, Solicitors should confirm moveable items described in the sales particulars and, in fact, included in the sale since circumstances do change during the marketing or negotiations. Although we try to ensure accuracy, if measurements are used in this listing, they may be approximate. Therefore if intending Purchasers need accurate measurements to order carpeting or to ensure existing furniture will fit, they should take such measurements themselves. Photographs are reproduced general information and it must not be inferred that any item is included for sale with the property. TENURE To be confirmed by the Vendor’s Solicitors POSSESSION Vacant possession upon completion VIEWING Viewing strictly by appointment through The Express Estate Agency

Agent Details

Express Estate Agency, Nationwide

03330 165458

Next Steps?

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