2 Bed Flat, Single Let, Manchester, M14 7FZ, £165,000

Apartment 12 2, Copper Place, Manchester, M14 7FZ - 4 views - a year ago

BTL

ROI: 7%

~68 m²

ValuationUndervalued

Sold Prices	£113K - £640K
Sold Prices/m²	£1.9K/m² - £3.4K/m²

Square Metres	~68.11 m²
Price/m²	£2.4K/m²
Value Estimate	£185,052£185,052
BMV	12%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£41,250£41,250
Stamp Duty & Legal Fees	£6,150£6,150
Total Cash In	£47,400£47,400

Cash Out
Rent Range	£880 - £2,900£880 - £2,900
Rent Estimate	£1,000
Running Costs/mo	£736£736
Cashflow/mo	£264£264
Cashflow/yr	£3,173£3,173
ROI	7%7%
Gross Yield	7%7%

Local Sold Prices

43 sold prices from £113K to £640K, average is £165K. £1.9K/m² to £3.4K/m², average is £2.8K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£159.5K	12/23	0.19 mi	14, Bucklow Avenue, Manchester, Greater Manchester M14 7AR	£2,346	68	2	Flat
£131K	12/20	0.19 mi	14, Bucklow Avenue, Manchester, Greater Manchester M14 7AR	£1,926	68	2	Flat
£135K	02/23	0.21 mi	19, Bucklow Avenue, Manchester, Greater Manchester M14 7AR	£1,985	68	2	Flat
£147K	09/21	0.6 mi	66, Chervil Close, Manchester, Greater Manchester M14 7DP	£2,748	53	2	Flat
£162K	08/23	0.6 mi	66, Chervil Close, Manchester, Greater Manchester M14 7DP	£3,029	53	2	Flat
£149.9K	06/23	0.6 mi	10, Chervil Close, Manchester, Greater Manchester M14 7DP	£2,829	53	2	Flat
£131K	05/21	0.6 mi	74, Chervil Close, Manchester, Greater Manchester M14 7DP	£2,183	60	2	Flat
£113K	01/23	0.69 mi	22, Kinderton Avenue, Manchester, Greater Manchester M20 1AL	£2,173	52	2	Flat
£168K	09/21	0.72 mi	32, Holden Avenue, Manchester, Greater Manchester M16 8TA	£2,859	59	2	Flat
£200K	03/24	0.72 mi	24, Holden Avenue, Manchester, Greater Manchester M16 8TA	-	-	2	Flat
£170K	10/20	0.72 mi	57, Holden Avenue, Manchester, Greater Manchester M16 8TA	£3,148	54	2	Flat
£172.5K	08/21	0.72 mi	26, Holden Avenue, Manchester, Greater Manchester M16 8TA	-	-	2	Flat
£180K	07/24	0.72 mi	42, Holden Avenue, Manchester, Greater Manchester M16 8TA	£3,403	53	2	Flat
£210K	08/23	0.72 mi	18, Holden Avenue, Manchester, Greater Manchester M16 8TA	£3,281	64	2	Flat
£185K	12/22	0.74 mi	Flat 46, Thorne House, Wilmslow Road, Manchester, Greater Manchester M14 6DW	-	-	2	Flat
£170K	12/20	0.75 mi	12, Woodgate Road, Manchester, Greater Manchester M16 8LX	£3,214	53	2	Flat
£154K	07/21	0.75 mi	10, Woodgate Road, Manchester, Greater Manchester M16 8LX	£2,911	53	2	Flat
£213K	10/21	0.75 mi	32, Willow Bank, Manchester, Greater Manchester M14 6XT	£2,107	101	2	Flat
£202K	12/22	0.75 mi	30, Willow Bank, Manchester, Greater Manchester M14 6XT	£2,220	91	2	Flat
£640K	01/24	0.78 mi	26, Stanley Road, Whalley Range, Manchester, Greater Manchester M16 8HS	£3,153	203	2	Flat
£155K	12/20	0.79 mi	Flat 4, Willow Court, Willow Bank, Manchester, Greater Manchester M14 6XP	-	-	2	Flat
£250K	12/22	0.79 mi	Flat 56, Appleby Lodge, Wilmslow Road, Manchester, Greater Manchester M14 6HY	-	-	2	Flat
£203K	12/22	0.8 mi	Flat 68, Thorne House, Wilmslow Road, Manchester, Greater Manchester M14 6DW	-	-	2	Flat
£155K	10/21	0.8 mi	Flat 65, Thorne House, Wilmslow Road, Manchester, Greater Manchester M14 6DW	-	-	2	Flat
£125K	06/23	0.8 mi	Flat 12, Thorne House, Wilmslow Road, Manchester, Greater Manchester M14 6DW	-	-	2	Flat
£168.8K	11/22	0.8 mi	Flat 26, Thorne House, Wilmslow Road, Manchester, Greater Manchester M14 6DW	-	-	2	Flat
£187.5K	12/22	0.8 mi	Flat 18, Thorne House, Wilmslow Road, Manchester, Greater Manchester M14 6DW	-	-	2	Flat
£165K	05/21	0.82 mi	Flat 95, Appleby Lodge, Wilmslow Road, Manchester, Greater Manchester M14 6HG	-	-	2	Flat
£135.5K	01/21	0.85 mi	14 Agnes Court, Wilmslow Road, Manchester, Greater Manchester M14 6AJ	-	-	2	Flat
£169K	12/20	0.92 mi	50, Strathblane Close, Manchester, Greater Manchester M20 3FZ	£2,991	57	2	Flat
£176.6K	02/23	0.92 mi	20, Gwynant Place, Manchester, Greater Manchester M20 4AE	£2,717	65	2	Flat
£129K	05/23	0.93 mi	Flat 7, Delamere House, Brook Road, Manchester, Greater Manchester M14 6UJ	£1,925	67	2	Flat
£190K	04/21	0.93 mi	30, Meltham Avenue, Manchester, Greater Manchester M20 1FF	£2,969	64	2	Flat
£146.5K	12/20	0.95 mi	Apartment 30, Ellerslie Court, Upper Park Road, Manchester, Greater Manchester M14 5RH	-	-	2	Flat
£160K	02/21	0.95 mi	Apartment 6, Ellerslie Court, Upper Park Road, Manchester, Greater Manchester M14 5RH	-	-	2	Flat
£175K	12/20	0.95 mi	Apartment 7, Ellerslie Court, Upper Park Road, Manchester, Greater Manchester M14 5RH	-	-	2	Flat
£192K	02/23	0.95 mi	95, Golborne Avenue, Manchester, Greater Manchester M20 1FH	£3,000	64	2	Flat
£194K	03/23	0.96 mi	6, Thursby Avenue, Manchester, Greater Manchester M20 1FT	£3,031	64	2	Flat
£160K	03/23	0.96 mi	6, Wilcock Street, Manchester, Greater Manchester M16 7DA	£3,019	53	2	Flat
£129.9K	04/21	0.97 mi	22, Wilcock Street, Manchester, Greater Manchester M16 7DA	£2,628	49	2	Flat
£130.5K	03/21	0.97 mi	Flat 3, Lees Hall Court, Lees Hall Crescent, Manchester, Greater Manchester M14 6YP	-	-	2	Flat
£134K	05/21	0.99 mi	12, Plainsfield Street, Manchester, Greater Manchester M16 7HB	£2,233	60	2	Flat
£132K	11/23	0.99 mi	18, Plainsfield Street, Manchester, Greater Manchester M16 7HB	£2,630	50	2	Flat

Local Rents

50 rents from £880/mo to £2.9K/mo, average is £1.2K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,100	05/24	0.02 mi	Copper Place, Fallowfield, Manchester, M14	2	Flat
£1,050	05/24	0.03 mi	-	2	Flat
£1,050	05/24	0.03 mi	Copper Place, Manchester, M14	2	Flat
£1,100	05/24	0.13 mi	Horton Road, Fallowfield, Manchester, M14	2	Terraced House
£1,250	05/24	0.14 mi	Thornton Road, Manchester, Greater Manchester, M14	2	Terraced House
£1,000	05/24	0.14 mi	Thornton Road, Fallowfield, Manchester, M14	2	Terraced House
£1,300	05/24	0.14 mi	Thornton Road, Manchester M14	2	House
£1,150	12/24	0.19 mi	-	2	Terraced House
£1,100	06/24	0.2 mi	Dorset Avenue, Manchester, Greater Manchester, M14	2	Terraced House
£1,175	05/24	0.2 mi	Dorset Avenue, Manchester, Greater Manchester, M14	2	Terraced House
£1,400	05/24	0.21 mi	Horton Road, Rusholme, Manchester, M14	2	Terraced House
£1,075	05/24	0.23 mi	PLATT LANE, RUSHOLME, Manchester M14 5WH	2	Flat
£1,000	05/24	0.23 mi	Thornton Road, Manchester	2	Terraced House
£1,000	06/24	0.23 mi	Thornton Road, Manchester	2	Terraced House
£1,200	05/24	0.25 mi	Brockley Avenue, Fallowfield, Manchester	2	Terraced House
£1,000	05/24	0.26 mi	Lloyd Street South, Manchester, M14 7HS	2	Flat
£1,200	12/24	0.27 mi	-	2	Flat
£1,200	06/24	0.27 mi	Ventura Close, Manchester, M14	2	Flat
£1,200	05/24	0.28 mi	Blue Moon Way, Manchester, M14	2	Terraced House
£1,200	12/24	0.28 mi	-	2	Terraced House
£1,100	06/24	0.28 mi	-	2	Terraced House
£1,200	12/24	0.28 mi	-	2	Terraced House
£1,500	03/25	0.29 mi	-	2	Flat
£1,400	12/24	0.29 mi	-	2	Flat
£1,400	05/24	0.29 mi	Bluemoonway, Manchester, M14	2	Flat
£1,250	03/25	0.29 mi	-	2	Terraced House
£1,300	05/24	0.3 mi	Princess Road, Manchester, M14	2	Flat
£1,300	06/24	0.3 mi	-	2	Flat
£1,350	03/25	0.3 mi	-	2	Terraced House
£1,600	12/24	0.31 mi	-	2	Terraced House
£1,100	02/24	0.31 mi	-	2	Terraced House
£1,100	05/24	0.32 mi	Thornton Road, Fallowfield, M14	2	Terraced House
£925	05/24	0.33 mi	Yew Tree Avenue, Fallowfield, Manchester, M14	2	Terraced House
£1,340	05/24	0.34 mi	Edith Avenue, Fallowfield, Manchester, M14	2	Terraced House
£1,200	05/24	0.34 mi	Edith Avenue, Manchester	2	House
£2,900	12/24	0.35 mi	-	2	Semi-Detached House
£1,100	05/24	0.35 mi	Lynton Street, Manchester	2	Terraced House
£1,370	05/24	0.37 mi	Driffield Street, Rusholme, Manchester, M14	2	Terraced House
£880	03/24	0.38 mi	Boscombe Street, Manchester, Greater Manchester, M14	2	Terraced House
£995	05/24	0.4 mi	Markington Street, Manchester, Greater Manchester, M14	2	Terraced House
£1,095	05/24	0.43 mi	Hart Road, Fallowfield, M14 7BB	2	Flat
£1,100	05/24	0.43 mi	Carlton Avenue, Manchester, M14	2	Terraced House
£1,050	05/24	0.45 mi	Parkside, Fallowfield, Manchester	2	Flat
£1,335	05/24	0.45 mi	Route 1 at The Depot	2	Flat
£1,200	05/24	0.45 mi	-	2	Terraced House
£1,200	05/24	0.46 mi	Wincombe Street, Manchester	2	Flat
£1,385	05/24	0.46 mi	Letchworth Street, Rusholme, Manchester, M14	2	Terraced House
£1,340	05/24	0.47 mi	Camborne Street, Rusholme, Manchester, M14	2	Terraced House
£1,340	05/24	0.47 mi	Camborne Street, Rusholme, Manchester, M14	2	Terraced House
£1,000	05/24	0.47 mi	Camborne Street, Rusholme, M14	2	Flat

Local Area Statistics

Population in M14	52,85352,853
Population in Manchester	920,095920,095
Town centre distance	0.80 miles away0.80 miles away
Nearest school	0.50 miles away0.50 miles away
Nearest train station	1.08 miles away1.08 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 £165,000

April 8, 2024

Description

entry is via secure gated carpark, into communal entrance with lift access up to the second floor. The property briefly comprises of entrance hall with storage room, 2 double bedrooms with fitted wardrobes, one bedroom benefits from access to the jack and jill bathroom, large open plan lounge, diner an modern fully fitted kitchen boasting integrated washing machine, fridge freezer and slimline dishwasher. The property benefits from gas central heating and double glazing.

Currently let out on a standard AST, generating £14,400 per annum.

Agent Details

Ash Residential, Manchester

0161 524 2648

Next Steps?

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

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