2 Bed Flat, Single Let, Manchester, M11 4TF, £140,000

Stillwater Drive, Manchester, M11 4TF - a year ago

Sold STC
Leasehold
BTL
ROI: 8%
~61 m²
+13 photos

ValuationUndervalued

Sold Prices£53K - £487K
Sold Prices/m²£778/m² - £4.2K/m²

 

 

Square Metres

~61.04 m²
Price/m²£2.3K/m²

Value Estimate

£143,507
BMV3%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£35,000

Stamp Duty & Legal Fees

£8,200

Total Cash In

£43,200

 

 

Cash Out

 

Rent Range

£875 - £2,700

Rent Estimate

£925

Running Costs/mo

£643

Cashflow/mo

£283

Cashflow/yr

£3,390

ROI

8%

Gross Yield

8%

Local Sold Prices

36 sold prices from £53K to £487K, average is £158K. £778/m² to £4.2K/m², average is £2.4K/m².

PriceDateDistanceAddressBeds 
£59.5K05/211.15 mi5, Crosby Road, Manchester, Greater Manchester M40 1QB2
£220K01/241.15 miBlock D, Apartment 59, Pollard Street, Manchester, Greater Manchester M4 7AT2
£85K12/231.2 mi67, Gorton Lane, Manchester, Greater Manchester M12 5WF2
£105K07/221.24 mi250a, Manor Road, Droylsden, Manchester, Greater Manchester M43 6JD2
£80K09/231.24 miFlat 12, Hayden Court, Sedgeford Road, Manchester, Greater Manchester M40 8QW2
£160K12/211.27 mi16, Kent Avenue, Droylsden, Manchester, Greater Manchester M43 6BW2
£270K05/231.36 mi17, William Jessop Court, Manchester, Greater Manchester M1 2NE2
£270K03/211.37 mi4, John Smeaton Court, Manchester, Greater Manchester M1 2NR2
£257K10/211.43 miFlat 50, M M2 Apartments, Pickford Street, Manchester, Greater Manchester M4 5BS2
£107K07/211.44 mi79, Crammond Close, Manchester, Greater Manchester M40 1PL2
£86.5K12/201.44 mi73, Crammond Close, Manchester, Greater Manchester M40 1PL2
£140K06/211.45 mi396, Greenside Lane, Droylsden, Manchester, Greater Manchester M43 7RZ2
£53K11/201.47 mi8, Ketton Close, Manchester, Greater Manchester M11 1NA2
£130K09/231.48 mi36, Tinningham Close, Manchester, Greater Manchester M11 1NB2
£150K03/211.56 mi11, Faversham Street, Manchester, Greater Manchester M40 5AR2
£487K03/231.64 mi11, Marshall Street, Manchester, Greater Manchester M4 5FU2
£160K08/211.66 mi11, Old Farm Crescent, Droylsden, Manchester, Greater Manchester M43 6EU2
£215K07/211.74 mi5, Lindrick Close, Manchester, Greater Manchester M40 3WB2
£70K02/211.76 mi2, Edale Avenue, Manchester, Greater Manchester M40 9HU2
£160K03/231.77 mi22, Devonshire Street South, Manchester, Greater Manchester M13 9HA2
£120K05/241.78 mi9, Mount Road, Manchester, Greater Manchester M18 7BG2
£170K03/211.81 mi10, Hursthead Walk, Manchester, Greater Manchester M13 9UT2
£130K04/211.84 mi18, Lock Keepers Court, Droylsden, Manchester, Greater Manchester M43 6GG2
£250K11/231.85 miFlat 25, Sackville Place, Bombay Street, Manchester, Greater Manchester M1 7AT2
£213K03/211.85 miFlat 51, Sackville Place, Bombay Street, Manchester, Greater Manchester M1 7AT2
£207.5K12/201.87 miFlat 21, Granby House, Granby Row, Manchester, Greater Manchester M1 7AR2
£203K02/231.87 miFlat 31, Granby House, Granby Row, Manchester, Greater Manchester M1 7AR2
£95K10/201.89 mi108, Stanley Grove, Manchester, Greater Manchester M12 5GF2
£130K09/211.9 mi65, Abbeydale Road, Manchester, Greater Manchester M40 0AJ2
£220K12/221.91 miApartment 39, Venice Court, Samuel Ogden Street, Manchester, Greater Manchester M1 7AX2
£180K10/201.92 miApartment 30, Venice Court, Samuel Ogden Street, Manchester, Greater Manchester M1 7AX2
£156K02/221.94 mi16, Clapham Street, Manchester, Greater Manchester M40 0BA2
£115K01/221.94 mi11, Mitchells Quay, Failsworth, Manchester, Greater Manchester M35 0QD2
£197.5K09/211.97 mi8, Bridgewater Wharf, Droylsden, Manchester, Greater Manchester M43 7ZA2
£197.5K09/211.97 mi8, Bridgewater Wharf, Droylsden, Manchester, Greater Manchester M43 7ZA2
£120K06/231.99 mi3, Egerton Mews, Droylsden, Manchester, Greater Manchester M43 6TS2

Local Rents

48 rents from £875/mo to £2.7K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£95005/240 mi5 Stillwater Drive, Openshaw, Sports City, Manchester, M112
£97505/240 mi5 Stillwater Drive, Sports City, Openshaw, Manchester, M112
£92505/240.03 miStillwater Drive,Clayton,Manchester,M11 4TE2
£1,05006/240.03 miStillwater Drive, 5 Stillwater Drive, Manchester2
£1,09505/240.03 mi3 Stillwater Drive, Sportcity , Manchester, M11 4TE2
£1,05006/240.03 miStillwater Drive, Sports City, Macnhester, M112
£95005/240.03 mi3 Stillwater Drive, Sports City, Openshaw, Manchester, M112
£97506/240.03 mi3 Stillwater Drive, Sports City, Openshaw, Manchester, M112
£95012/240.03 mi-2
£95005/240.04 miStillwater Drive, Sports City, Manchester, M112
£1,10006/240.04 miThe Drum, Stillwater Drive, M112
£2,70012/240.05 mi-2
£2,10001/250.05 mi-2
£97505/240.05 miStillwater Drive, SportCity, Manchester, M112
£97506/240.06 mi1 Stillwater Drive, Openshaw, Sports City, Manchester, M112
£1,25012/240.06 mi-2
£1,00005/240.06 miStillwater Drive, Stillwater Drive, Manchester, M112
£1,00006/240.06 miStillwater Drive, Stillwater Drive, Manchester, M112
£1,10005/240.07 mi2 The Waterfront, Sports City, Openshaw, Manchester, M112
£1,15005/240.07 mi2 The Waterfront, Sports City, Openshaw, Manchester, M112
£1,10005/240.07 miThe Waterfront, Openshaw, Manchester, M112
£1,10012/240.11 mi-2
£1,30005/240.11 miWesham Road, Manchester, M112
£1,30012/240.11 mi-2
£1,30012/240.11 mi-2
£1,20001/240.13 mi-2
£1,10003/250.13 mi-2
£1,00005/240.13 miThe Waterfront, Manchester, M112
£1,10005/240.15 miApt 10, 2 Stuart Street, Clayton M11 4DQ2
£1,05005/240.15 miThe Drum, 2 Stuart Street, Sport City2
£1,20012/240.15 mi-2
£97502/250.15 mi-2
£1,20003/250.28 mi-2
£1,20002/250.28 mi-2
£87512/240.32 mi-2
£97505/240.34 mi-2
£1,00003/250.34 mi-2
£95001/240.34 mi-2
£1,00008/240.54 miThe Mews, Manchester, M402
£1,15005/240.55 miDarley Street, Manchester, M112
£89505/240.57 mi-2
£1,10006/240.59 miSaxon Street, Manchester, M402
£1,10006/240.6 miSaxon Street, Manchester, M402
£1,30008/240.6 miSaxon Street, Manchester, M402
£1,35012/240.61 mi-2
£1,25001/250.61 mi-2
£1,90005/240.61 mi-2
£1,30003/250.61 mi-2

Local Area Statistics

Population in M11

20,273

Population in Manchester

920,095

Town centre distance

3.12 miles away

Nearest school

0.20 miles away

Nearest train station

0.86 miles away

 

 

Rental growth (12m)

+112%

Sales demand

Seller's market

Capital growth (5yrs)

+27%

Property History

Listed for £140,000

March 28, 2024

Floor Plans

Description

  • Two Bedrooms +
  • Twelfth Floor +
  • Sports City Location +
  • Balcony +
  • EWS1 Available Imminently +
  • Close to City Centre +
  • Covered Parking Included +
  • Virtual Tour Available +

Mortgage Buyers Welcomed - EWS1 form available.
Fantastic modern twelfth floor, two bedroom apartment including covered parking and a balcony.

Located in the popular area of Sports City near the Etihad Campus, this property provides an excellent opportunity for potential investment or first time buyers.

Upon entering the property, the entrance hall provides access to all principal rooms. There is an open plan kitchen briefly comprising; selection of wall and base units, sink with drainer, oven with hob and integrated appliances. The reception space enjoys a balcony and lots of natural light.

There are two well-proportioned double bedrooms complimented by a contemporary bathroom with a bath, wash hand basin and WC.

The property has allocated secure parking and must be viewed to appreciate the size and position of the accommodation on offer.

Lease - 230 years remaining
Service Charge - £2105PA (including buildings insurance)
Ground Rent - £100
Current Rental income - £925pcm
Not suitable for short term lets
Council Tax Band - B

Agent Details

Leaders Sales, Fallowfield

0161 524 9116

Next Steps?

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