2 Bed Flat, Single Let, Manchester, M15 4ZG, £400,000

141 Chester Road, Manchester, M15 4ZG - 2 years ago

BTL
ROI: 1%
57 m²
+9 photos

ValuationOvervalued

Sold Prices£110K - £430K
Sold Prices/m²£1.7K/m² - £4.4K/m²

 

 

Square Metres

57 m²
Price/m²£7K/m²

Value Estimate

£167,358

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£100,000

Stamp Duty & Legal Fees

£28,700

Total Cash In

£128,700

 

 

Cash Out

 

Rent Range

£1,600 - £3,600

Rent Estimate

£1,681

Running Costs/mo

£1,606

Cashflow/mo

£75

Cashflow/yr

£898

ROI

1%

Gross Yield

5%

Local Sold Prices

50 sold prices from £110K to £430K, average is £167.5K. £1.7K/m² to £4.4K/m², average is £2.9K/m².

PriceDateDistanceAddressBeds 
£400K04/210.06 miApartment 310, Middle Warehouse, Castle Quay, Manchester, Greater Manchester M15 4NT2
£350K04/210.06 miApartment 301, Middle Warehouse, Castle Quay, Manchester, Greater Manchester M15 4NT2
£430K01/230.06 miSuite 509, Middle Warehouse, Castle Quay, Manchester, Greater Manchester M15 4NT2
£130K01/210.13 miFlat 29, Thomas Court, Beattock Close, Manchester, Greater Manchester M15 4JA2
£210K09/210.15 miFlat 202, Former St. Georges Church, Arundel Street, Manchester, Greater Manchester M15 4JZ2
£250K07/210.18 miFlat 301, Former St. Georges Church, Arundel Street, Manchester, Greater Manchester M15 4JZ2
£260K06/230.18 miFlat 108, Former St. Georges Church, Arundel Street, Manchester, Greater Manchester M15 4JZ2
£170K12/220.19 mi44, Jackson Crescent, Manchester, Greater Manchester M15 5AA2
£148K05/210.2 mi94, Jackson Crescent, Manchester, Greater Manchester M15 5AA2
£172.5K06/230.2 mi94, Jackson Crescent, Manchester, Greater Manchester M15 5AA2
£173.5K12/220.2 mi86, Jackson Crescent, Manchester, Greater Manchester M15 5AA2
£172K03/240.24 mi7, St Wilfrids Street, Manchester, Greater Manchester M15 5XE2
£230K08/210.29 mi32, Potato Wharf, Manchester, Greater Manchester M3 4NB2
£212K09/210.29 mi28, Potato Wharf, Manchester, Greater Manchester M3 4NB2
£240K04/210.31 mi127f, Liverpool Road, Manchester, Greater Manchester M3 4JN2
£208K02/210.31 mi133d, Liverpool Road, Manchester, Greater Manchester M3 4JN2
£210K03/210.32 mi19, Woollam Place, Manchester, Greater Manchester M3 4JJ2
£160K07/210.34 mi54, Hunmanby Avenue, Manchester, Greater Manchester M15 5FE2
£285K06/210.35 mi28, Porchfield Square, Manchester, Greater Manchester M3 4FG2
£220K06/210.35 mi29, Rozel Square, Manchester, Greater Manchester M3 4FQ2
£141.7K06/210.36 mi57, Rockdove Avenue, Manchester, Greater Manchester M15 5EH2
£161K02/240.37 mi104, Royce Road, Hulme, Manchester, Greater Manchester M15 5LA2
£277K07/210.37 mi1, Culvercliffe Walk, Manchester, Greater Manchester M3 4FL2
£294K12/200.37 mi11, Culvercliff Walk, Manchester, Greater Manchester M3 4FL2
£155K10/210.38 mi16, Rockdove Avenue, Manchester, Greater Manchester M15 5FH2
£171K09/210.38 mi34, Rockdove Avenue, Manchester, Greater Manchester M15 5FH2
£215K12/220.38 mi326, City Road, Manchester, Greater Manchester M15 4FA2
£165K06/230.41 mi296b, Stretford Road, Manchester, Greater Manchester M15 5TN2
£138K07/210.43 mi324a, Stretford Road, Manchester, Greater Manchester M15 5TP2
£160K08/230.44 mi1d, Rolls Crescent, Manchester, Greater Manchester M15 5JZ2
£152K04/210.45 mi160, Stretford Road, Manchester, Greater Manchester M15 5JH2
£170.5K10/230.45 mi154, Stretford Road, Manchester, Greater Manchester M15 5JH2
£165K01/210.45 mi56, Stretford Road, Manchester, Greater Manchester M15 5JH2
£173K11/210.46 miApartment 72, Irwell Building, Derwent Street, Salford, Greater Manchester M5 4SS2
£171.5K07/210.46 miApartment 49, Irwell Building, Derwent Street, Salford, Greater Manchester M5 4SS2
£180K12/220.47 miApartment 47, Slater House, Woden Street, Salford, Greater Manchester M5 4UE2
£157.5K04/210.47 mi15, Shawgreen Close, Manchester, Greater Manchester M15 4DR2
£127.5K07/230.48 miFlat 11, Miranda Court, Asgard Drive, Salford, Greater Manchester M5 4TN2
£130K05/230.48 miFlat 2, Miranda Court, Asgard Drive, Salford, Greater Manchester M5 4TN2
£128K02/210.48 miFlat 19, Miranda Court, Asgard Drive, Salford, Greater Manchester M5 4TN2
£110K04/210.48 mi21, Clarendon Street, Manchester, Greater Manchester M15 5ED2
£165K02/210.49 mi24, Tomlinson Street, Hulme, Manchester, Greater Manchester M15 5FW2
£150K11/220.49 miFlat 42, Cassandra Court, Asgard Drive, Salford, Greater Manchester M5 4TW2
£110K11/200.49 miFlat 41, Cassandra Court, Asgard Drive, Salford, Greater Manchester M5 4TW2
£122.5K05/210.5 mi377a, Stretford Road, Manchester, Greater Manchester M15 4AW2
£153K12/230.51 miRenolds House, Apartment 19, Everard Street, Salford, Greater Manchester M5 4UB2
£114K11/230.51 miApartment 1, Renolds House, Everard Street, Salford, Greater Manchester M5 4UB2
£137K08/210.51 mi28, Chorlton Road, Hulme, Manchester, Greater Manchester M15 4AU2
£142K05/210.51 mi56, Chorlton Road, Manchester, Greater Manchester M15 4AU2
£137.5K11/200.51 mi60, Chorlton Road, Hulme, Manchester, Greater Manchester M15 4AU2

Local Rents

50 rents from £1.6K/mo to £3.6K/mo, average is £2K/mo.

RentDateDistanceAddressBeds 
£2,30005/240 miElizabeth Tower, 141 Chester Road, M152
£2,25005/240 miThree60, 11 Silvercroft Street, M152
£2,00005/240 miThree60, New Jackson, M152
£2,10006/240 miThree60, 11 Silvercroft Street, M152
£1,80005/240 miElizabeth Tower, Manchester2
£1,97505/240 miChester Road, Manchester, M152
£1,97505/240 mi-2
£2,00003/250 mi-2
£3,60001/250 mi-2
£3,60002/250 mi-2
£2,00005/240 miElizabeth Tower, Manchester2
£2,30005/240 miElizabeth Tower, M152
£1,80005/240 miElizabeth Tower, M152
£2,20005/240 miElizabeth Tower, M152
£2,00005/240 miElizabeth Tower, M152
£1,85005/240 miElizabeth Tower, M152
£1,60005/240 miElizabeth Tower, M152
£1,80005/240 miElizabeth Tower, M152
£1,87505/240 miElizabeth Tower, M152
£1,80005/240 miElizabeth Tower, M152
£1,90005/240 miElizabeth Tower, M152
£1,95005/240 miElizabeth Tower, M152
£1,65005/240 miElizabeth Tower, M152
£1,97505/240 miElizabeth Tower, Manchester, M152
£1,75005/240 miElizabeth Tower, M152
£1,74005/240 miElizabeth Tower, M152
£1,90005/240 miElizabeth Tower, M152
£1,75005/240 miElizabeth Tower, M152
£1,80006/240 miElizabeth Tower, M152
£2,20006/240 miElizabeth Tower, M152
£1,70005/240.01 miElizabeth Tower, 141 Chester Road, Manchester, M152
£1,95005/240.01 miSilvercroft Street, Manchester, Greater Manchester, M152
£2,00005/240.01 miSilvercroft Street, Manchester, Greater Manchester, M152
£1,75005/240.01 miElizabeth Tower, 141 Chester Road, MANCHESTER, M15 4ZH2
£1,80005/240.01 miElizabeth Tower, Crown Street, Manchester2
£1,85005/240.02 miSilvercroft Street, Manchester, M152
£2,00006/240.02 mi16 Silvercroft Street, Manchester, Lancashire, M152
£2,40005/240.02 miThree60, 11 Silvercroft St, M152
£2,42705/240.02 mi16 Silvercroft Street, M152
£2,40005/240.02 miSilvercroft Street, Manchester, M152
£1,90006/240.02 miSilvercroft Street, 16 Silvercroft Street, M152
£2,75006/240.02 miElizabeth Tower, Manchester2
£1,80005/240.02 miElizabeth Tower, Manchester2
£2,10005/240.02 miThe Blade, Silvercroft Street, Manchester2
£2,50002/250.02 mi-2
£1,90005/240.02 miBlade, 15 Silvercroft Street, Manchester, M15 4YU2
£2,00006/240.02 miThree60 Building, Silvercroft Street New Jackson M152
£2,20006/240.02 miElizabeth Tower, M152
£2,00006/240.02 miVictoria Residence, M152
£1,60005/240.02 miVictoria Residence, Manchester, Greater Manchester, M152

Local Area Statistics

Population in M15

20,050

Population in Manchester

920,095

Town centre distance

1.19 miles away

Nearest school

0.80 miles away

Nearest train station

0.24 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+14%

Sales demand

Balanced market

Capital growth (5yrs)

+39%

Property History

Listed for £400,000

September 13, 2023

Floor Plans

Description

  • Thirteenth Floor +
  • Corner Aspect +
  • Two Double Bedrooms +
  • En Suite +
  • 6.49% Gross Yield +
  • Superb Amenities +

Elizabeth Tower, one of Manchester's most sought after developments offers co working spaces, on site building concierge, a residents lounge, swimming pool, gymnasium and roof garden and being minutes from the City it has to be viewed to be fully appreciated.  Located on the 13th floor this stunning apartment comprises of : Private entrance hallway with two storage cupboards, open plan dual aspect corner living area with fully fitted kitchen and integrated appliances such as dishwasher, fridge freezer, oven, hob and extractor plus wine cooler, two double bedrooms with the main being en suite plus a further luxuriously appointed main bathroom.  **Currently let at £2300 PCM  / £27,600 PA Giving 6.49% gross yield until March 2025. ** Service Charge - £2838
Ground Rent - £326
999 years from 01/01/2019 with 995 years left. 
EPC - B
Council Tax - D

Agent Details

Henry Wiltshire, Manchester

0161 524 6290

Next Steps?

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