2 Bed Flat, Single Let, Manchester, M19 2HZ, £150,000

Burnage Lane, Manchester, Greater Manchester, M19 2HZ - 2 views - a year ago

Sold STC

Leasehold

BTL

ROI: 2%

~68 m²

+9 photos

ValuationUndervalued

Sold Prices	£70K - £213K
Sold Prices/m²	£1.7K/m² - £3.4K/m²

Square Metres	~68.11 m²
Price/m²	£2.2K/m²
Value Estimate	£167,531£167,531
BMV	12%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£37,500£37,500
Stamp Duty & Legal Fees	£5,700£5,700
Total Cash In	£43,200£43,200

Cash Out
Rent Range	£699 - £1,565£699 - £1,565
Rent Estimate	£699
Running Costs/mo	£629£629
Cashflow/mo	£70£70
Cashflow/yr	£845£845
ROI	2%2%
Gross Yield	6%6%

Local Sold Prices

24 sold prices from £70K to £213K, average is £132.8K. £1.7K/m² to £3.4K/m², average is £2.5K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£70K	03/23	0.1 mi	Flat 246, Ferguson Court, Acorn Close, Manchester, Greater Manchester M19 2HS	-	-	2	Flat
£71.5K	10/20	0.1 mi	Flat 232, Ferguson Court, Acorn Close, Manchester, Greater Manchester M19 2HS	-	-	2	Flat
£85K	09/22	0.1 mi	Flat 231, Ferguson Court, Acorn Close, Manchester, Greater Manchester M19 2HS	-	-	2	Flat
£80K	03/21	0.1 mi	Flat 238, Ferguson Court, Acorn Close, Manchester, Greater Manchester M19 2HS	-	-	2	Flat
£75K	02/23	0.26 mi	5, Moorton Avenue, Manchester, Greater Manchester M19 2NQ	-	-	2	Flat
£142K	10/21	0.36 mi	146a, Burnage Lane, Manchester, Greater Manchester M19 1EF	£2,630	54	2	Flat
£115K	03/21	0.43 mi	1a, Avon Road, Manchester, Greater Manchester M19 1HP	£1,746	66	2	Flat
£130K	03/23	0.55 mi	Flat 4, Park Lodge, Park Avenue, Levenshulme, Manchester, Greater Manchester M19 2EE	£2,986	44	2	Flat
£123K	03/23	0.62 mi	Flat 28, Warwick House, Central Avenue, Manchester, Greater Manchester M19 2FF	-	-	2	Flat
£135K	04/22	0.63 mi	Flat 36, Warwick House, Central Avenue, Manchester, Greater Manchester M19 2FF	£2,250	60	2	Flat
£128K	08/21	0.73 mi	9, Alston Gardens, Manchester, Greater Manchester M19 1DW	£2,000	64	2	Flat
£130.5K	03/21	0.74 mi	Flat 3, Lees Hall Court, Lees Hall Crescent, Manchester, Greater Manchester M14 6YP	-	-	2	Flat
£103K	01/21	0.79 mi	77, Broadlea Road, Manchester, Greater Manchester M19 1EG	-	-	2	Flat
£168K	01/23	0.83 mi	22, Whimberry Way, Withington, Manchester, Greater Manchester M20 4SG	£3,055	55	2	Flat
£147.5K	12/20	0.86 mi	93, Parrs Wood Road, Manchester, Greater Manchester M20 4SH	£2,950	50	2	Flat
£152.5K	12/20	0.86 mi	51, Parrs Wood Road, Manchester, Greater Manchester M20 4SH	£2,460	62	2	Flat
£191K	12/22	0.86 mi	72, Briarfield Road, Manchester, Greater Manchester M20 4SS	£3,429	56	2	Flat
£129K	05/23	0.87 mi	Flat 7, Delamere House, Brook Road, Manchester, Greater Manchester M14 6UJ	£1,925	67	2	Flat
£145K	06/22	0.89 mi	2, Higher Meadows, Levenshulme, Manchester, Greater Manchester M19 3BQ	£2,904	50	2	Flat
£155K	12/20	0.94 mi	Flat 4, Willow Court, Willow Bank, Manchester, Greater Manchester M14 6XP	-	-	2	Flat
£202K	12/22	0.96 mi	30, Willow Bank, Manchester, Greater Manchester M14 6XT	£2,220	91	2	Flat
£213K	10/21	0.97 mi	32, Willow Bank, Manchester, Greater Manchester M14 6XT	£2,107	101	2	Flat
£135.5K	01/21	0.99 mi	14 Agnes Court, Wilmslow Road, Manchester, Greater Manchester M14 6AJ	-	-	2	Flat
£188K	09/23	0.99 mi	145, Parrs Wood Road, Manchester, Greater Manchester M20 4RS	£2,984	63	2	Flat

Local Rents

50 rents from £699/mo to £1.6K/mo, average is £1.1K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,200	12/24	0 mi	-	2	Flat
£1,170	05/24	0.03 mi	Burnage Avenue, Manchester, Greater Manchester, M19	2	Flat
£950	12/24	0.03 mi	-	2	Flat
£1,150	12/24	0.11 mi	-	2	Flat
£1,100	12/24	0.11 mi	-	2	Flat
£1,000	05/24	0.32 mi	Brailsford Road, Fallowfield, M14	2	Terraced House
£1,545	05/24	0.33 mi	Brailsford Road, Fallowfield, Manchester, M14	2	Terraced House
£950	05/24	0.37 mi	1 Kingsway, Manchester, M19	2	Flat
£1,565	05/24	0.37 mi	Colwyn Avenue, Fallowfield, Manchester, M14	2	Terraced House
£1,150	04/25	0.39 mi	-	2	Terraced House
£975	12/24	0.39 mi	-	2	Flat
£1,050	04/25	0.41 mi	-	2	Flat
£1,050	05/24	0.41 mi	Brailsford Road, Fallowfield, Manchester	2	Flat
£1,358	12/24	0.42 mi	-	2	Terraced House
£1,275	05/24	0.42 mi	Albert Road, Manchester, Greater Manchester, M19	2	Flat
£1,545	05/24	0.42 mi	Brailsford Road, Fallowfield, Manchester, M14	2	Terraced House
£1,300	01/25	0.42 mi	-	2	Terraced House
£1,325	05/24	0.42 mi	Albert Road, Levenshulme, M19 2FP	2	Flat
£1,000	02/25	0.44 mi	-	2	Flat
£1,100	05/24	0.45 mi	Henderson Street, Levenshulme, Manchester, M19	2	Terraced House
£1,500	12/24	0.45 mi	-	2	Terraced House
£1,200	06/24	0.45 mi	-	2	Terraced House
£1,200	12/24	0.49 mi	-	2	Flat
£1,200	05/24	0.5 mi	St. Margarets Avenue, Burnage	2	House
£699	12/24	0.5 mi	-	2	Terraced House
£775	04/25	0.5 mi	-	2	Flat
£1,200	05/24	0.5 mi	20 Henderson Street, Manchester, M19	2	Flat
£1,300	05/24	0.5 mi	Hani Wells, M19 2GY	2	Flat
£1,000	06/24	0.51 mi	-	2	Terraced House
£775	12/24	0.51 mi	-	2	Flat
£775	12/24	0.51 mi	-	2	Terraced House
£699	12/24	0.51 mi	-	2	Flat
£699	12/24	0.51 mi	-	2	Flat
£850	12/24	0.51 mi	-	2	Flat
£800	12/24	0.51 mi	-	2	Flat
£699	12/24	0.51 mi	-	2	Flat
£699	12/24	0.51 mi	-	2	Flat
£1,200	03/25	0.51 mi	-	2	Flat
£850	05/24	0.52 mi	4 Farmside Place, Levenshulme	2	Flat
£1,200	12/24	0.54 mi	-	2	Terraced House
£1,200	02/25	0.54 mi	-	2	Terraced House
£1,250	05/24	0.54 mi	-	2	Terraced House
£1,150	05/24	0.55 mi	Beverly Road, Fallowfield, M14	2	Flat
£1,400	12/24	0.55 mi	-	2	Terraced House
£1,300	02/25	0.55 mi	-	2	Terraced House
£1,150	05/24	0.56 mi	Beverly Road, Fallowfield	2	Terraced House
£1,127	05/24	0.56 mi	Balmoral Road, Fallowfield, Manchester, M14	2	Flat
£1,127	05/24	0.56 mi	Balmoral Road, Fallowfield, Manchester, M14	2	Flat
£720	12/24	0.56 mi	-	2	Flat
£720	12/24	0.56 mi	-	2	Flat

Local Area Statistics

Population in M19	34,83834,838
Population in Manchester	920,095920,095
Town centre distance	2.39 miles away2.39 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.47 miles away0.47 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+13%+13%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+30%+30%

Property History

Listed for £150,000

February 2, 2024

Floor Plans

Description

Two Bedrooms +
Virtual Tour Online +
First Floor +
No Upward Chain +
Parking Included +
106 Years Remaining on Lease +

Ideally located on the first floor of this popular development, this two bedrooms property enjoys two bathrooms and a wealth of local amenities and transport links.

Upon entering the property, the entrance hall provides access to all principal rooms. The open plan reception room provides ample space for both living and dining, with a kitchen that briefly comprises; selection of wall and base units, sink with drainer, oven with hob and space for appliances.

There a two well-proportioned double bedrooms both of which enjoy plenty of space for storage. The main bedroom benefits from an ensuite shower room comprising; shower unit, wash hand basin and WC.

The main bathroom comprises; bath with shower over the top, wash hand basin and WC.

Externally the property enjoys an allocated parking space. See our Virtual Tour online and get in touch to arrange a viewing!

Lease Length - 106 years remaining
Service Charge - £1214 PA
Ground Rent - £135
Allocated Parking Included
First Floor
Council Tax Band - B
EPC - C

Agent Details

Leaders Sales, Fallowfield

0161 524 9116

Next Steps?

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

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