2 Bed Flat, Single Let, Manchester, M11 4DB, £175,000

The Waterfront, Manchester, M11 4DB - 9 views - a year ago

Sold STC

Leasehold

BTL

ROI: 5%

~68 m²

+4 photos

ValuationOvervalued

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

Square Metres	~68.11 m²
Price/m²	£2.6K/m²
Value Estimate	£143,889£143,889

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£43,750£43,750
Stamp Duty & Legal Fees	£6,450£6,450
Total Cash In	£50,200£50,200

Cash Out
Rent Range	£875 - £2,700£875 - £2,700
Rent Estimate	£950
Running Costs/mo	£757£757
Cashflow/mo	£193£193
Cashflow/yr	£2,318£2,318
ROI	5%5%
Gross Yield	7%7%

Local Sold Prices

32 sold prices from £53K to £487K, average is £158K. £778/m² to £4.2K/m², average is £2.3K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£220K	01/24	1.04 mi	Block D, Apartment 59, Pollard Street, Manchester, Greater Manchester M4 7AT	£3,607	61	2	Flat
£80K	09/23	1.15 mi	Flat 12, Hayden Court, Sedgeford Road, Manchester, Greater Manchester M40 8QW	-	-	2	Flat
£59.5K	05/21	1.24 mi	5, Crosby Road, Manchester, Greater Manchester M40 1QB	£930	64	2	Flat
£270K	05/23	1.24 mi	17, William Jessop Court, Manchester, Greater Manchester M1 2NE	£3,462	78	2	Flat
£85K	12/23	1.24 mi	67, Gorton Lane, Manchester, Greater Manchester M12 5WF	-	-	2	Flat
£270K	03/21	1.25 mi	4, John Smeaton Court, Manchester, Greater Manchester M1 2NR	£4,219	64	2	Flat
£257K	10/21	1.31 mi	Flat 50, M M2 Apartments, Pickford Street, Manchester, Greater Manchester M4 5BS	-	-	2	Flat
£105K	07/22	1.37 mi	250a, Manor Road, Droylsden, Manchester, Greater Manchester M43 6JD	£1,650	64	2	Flat
£160K	12/21	1.4 mi	16, Kent Avenue, Droylsden, Manchester, Greater Manchester M43 6BW	£2,078	77	2	Flat
£107K	07/21	1.51 mi	79, Crammond Close, Manchester, Greater Manchester M40 1PL	£2,147	50	2	Flat
£86.5K	12/20	1.51 mi	73, Crammond Close, Manchester, Greater Manchester M40 1PL	£1,482	58	2	Flat
£487K	03/23	1.51 mi	11, Marshall Street, Manchester, Greater Manchester M4 5FU	£3,555	137	2	Flat
£150K	03/21	1.56 mi	11, Faversham Street, Manchester, Greater Manchester M40 5AR	£2,308	65	2	Flat
£140K	06/21	1.57 mi	396, Greenside Lane, Droylsden, Manchester, Greater Manchester M43 7RZ	£2,495	56	2	Flat
£53K	11/20	1.59 mi	8, Ketton Close, Manchester, Greater Manchester M11 1NA	£1,060	50	2	Flat
£130K	09/23	1.59 mi	36, Tinningham Close, Manchester, Greater Manchester M11 1NB	£2,605	50	2	Flat
£170K	03/21	1.71 mi	10, Hursthead Walk, Manchester, Greater Manchester M13 9UT	£2,394	71	2	Flat
£160K	03/23	1.72 mi	22, Devonshire Street South, Manchester, Greater Manchester M13 9HA	£2,963	54	2	Flat
£250K	11/23	1.74 mi	Flat 25, Sackville Place, Bombay Street, Manchester, Greater Manchester M1 7AT	-	-	2	Flat
£213K	03/21	1.74 mi	Flat 51, Sackville Place, Bombay Street, Manchester, Greater Manchester M1 7AT	-	-	2	Flat
£70K	02/21	1.75 mi	2, Edale Avenue, Manchester, Greater Manchester M40 9HU	£778	90	2	Flat
£207.5K	12/20	1.76 mi	Flat 21, Granby House, Granby Row, Manchester, Greater Manchester M1 7AR	-	-	2	Flat
£203K	02/23	1.76 mi	Flat 31, Granby House, Granby Row, Manchester, Greater Manchester M1 7AR	-	-	2	Flat
£160K	08/21	1.78 mi	11, Old Farm Crescent, Droylsden, Manchester, Greater Manchester M43 6EU	£2,581	62	2	Flat
£215K	07/21	1.78 mi	5, Lindrick Close, Manchester, Greater Manchester M40 3WB	-	-	2	Flat
£220K	12/22	1.8 mi	Apartment 39, Venice Court, Samuel Ogden Street, Manchester, Greater Manchester M1 7AX	-	-	2	Flat
£180K	10/20	1.8 mi	Apartment 30, Venice Court, Samuel Ogden Street, Manchester, Greater Manchester M1 7AX	-	-	2	Flat
£120K	05/24	1.83 mi	9, Mount Road, Manchester, Greater Manchester M18 7BG	-	-	2	Flat
£95K	10/20	1.91 mi	108, Stanley Grove, Manchester, Greater Manchester M12 5GF	£905	105	2	Flat
£130K	09/21	1.93 mi	65, Abbeydale Road, Manchester, Greater Manchester M40 0AJ	-	-	2	Flat
£156K	02/22	1.96 mi	16, Clapham Street, Manchester, Greater Manchester M40 0BA	£2,026	77	2	Flat
£130K	04/21	1.97 mi	18, Lock Keepers Court, Droylsden, Manchester, Greater Manchester M43 6GG	-	-	2	Flat

Local Rents

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

Rent	Date	Distance	Address	Beds	Type
£1,100	03/25	0 mi	-	2	Flat
£1,200	01/24	0 mi	-	2	Flat
£1,000	05/24	0 mi	The Waterfront, Manchester, M11	2	Flat
£1,100	12/24	0.02 mi	-	2	Flat
£975	02/25	0.04 mi	-	2	Flat
£1,200	12/24	0.04 mi	-	2	Flat
£1,050	05/24	0.04 mi	The Drum, 2 Stuart Street, Sport City	2	Flat
£1,150	05/24	0.06 mi	2 The Waterfront, Sports City, Openshaw, Manchester, M11	2	Flat
£1,100	05/24	0.06 mi	The Waterfront, Openshaw, Manchester, M11	2	Flat
£1,100	05/24	0.06 mi	Apt 10, 2 Stuart Street, Clayton M11 4DQ	2	Flat
£1,100	05/24	0.06 mi	2 The Waterfront, Sports City, Openshaw, Manchester, M11	2	Flat
£2,700	12/24	0.09 mi	-	2	Flat
£2,100	01/25	0.09 mi	-	2	Flat
£1,100	06/24	0.1 mi	The Drum, Stillwater Drive, M11	2	Flat
£950	12/24	0.1 mi	-	2	Flat
£1,050	06/24	0.11 mi	Stillwater Drive, 5 Stillwater Drive, Manchester	2	Flat
£1,050	06/24	0.11 mi	Stillwater Drive, Sports City, Macnhester, M11	2	Flat
£1,300	12/24	0.11 mi	-	2	Terraced House
£1,300	12/24	0.11 mi	-	2	Terraced House
£1,300	05/24	0.11 mi	Wesham Road, Manchester, M11	2	Terraced House
£950	05/24	0.11 mi	Stillwater Drive, Sports City, Manchester, M11	2	Flat
£975	06/24	0.12 mi	1 Stillwater Drive, Openshaw, Sports City, Manchester, M11	2	Flat
£975	05/24	0.12 mi	Stillwater Drive, SportCity, Manchester, M11	2	Flat
£1,250	12/24	0.12 mi	-	2	Flat
£1,000	05/24	0.12 mi	Stillwater Drive, Stillwater Drive, Manchester, M11	2	Flat
£1,000	06/24	0.12 mi	Stillwater Drive, Stillwater Drive, Manchester, M11	2	Flat
£950	05/24	0.13 mi	5 Stillwater Drive, Openshaw, Sports City, Manchester, M11	2	Flat
£975	05/24	0.13 mi	5 Stillwater Drive, Sports City, Openshaw, Manchester, M11	2	Flat
£925	05/24	0.14 mi	Stillwater Drive,Clayton,Manchester,M11 4TE	2	Flat
£1,095	05/24	0.14 mi	3 Stillwater Drive, Sportcity , Manchester, M11 4TE	2	Flat
£975	06/24	0.14 mi	3 Stillwater Drive, Sports City, Openshaw, Manchester, M11	2	Flat
£950	05/24	0.14 mi	3 Stillwater Drive, Sports City, Openshaw, Manchester, M11	2	Flat
£1,200	03/25	0.4 mi	-	2	Terraced House
£1,200	02/25	0.4 mi	-	2	Terraced House
£1,000	08/24	0.44 mi	The Mews, Manchester, M40	2	Semi-Detached House
£875	12/24	0.44 mi	-	2	Terraced House
£975	05/24	0.47 mi	-	2	Terraced House
£1,000	03/25	0.47 mi	-	2	Terraced House
£950	01/24	0.47 mi	-	2	Terraced House
£1,100	06/24	0.47 mi	Saxon Street, Manchester, M40	2	Semi-Detached House
£1,150	05/24	0.47 mi	Darley Street, Manchester, M11	2	Detached House
£1,100	06/24	0.48 mi	Saxon Street, Manchester, M40	2	Terraced House
£1,300	08/24	0.48 mi	Saxon Street, Manchester, M40	2	House
£2,250	11/24	0.52 mi	-	2	Terraced House
£1,075	06/24	0.52 mi	Padstow Street, Sports City, Manchester, M40	2	Terraced House
£1,150	08/24	0.52 mi	Padstow Street, Sports City, Manchester, M40	2	Terraced House
£1,250	03/25	0.58 mi	-	2	Terraced House
£1,495	05/24	0.6 mi	-	2	Semi-Detached House
£1,300	05/24	0.62 mi	Eastfield Avenue, Manchester	2	Detached House

Local Area Statistics

Population in M11	20,27320,273
Population in Manchester	920,095920,095
Town centre distance	3.03 miles away3.03 miles away
Nearest school	0.40 miles away0.40 miles away
Nearest train station	0.74 miles away0.74 miles away

Rental growth (12m)	+112%+112%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+27%+27%

Property History

Listed for £175,000

May 1, 2024

Description

Fifth floor apartment +
Two double bedrooms +
Two bathrooms +
Open plan living/kitchen +
Full length balcony +
Water views +
Close to transport links and the city centre +
Allocated parking +
No onward chain +
Offered pre-let or vacant possession on request +

A two double bedroom, two bathroom apartment, situated on the fifth floor of The Cube development. The property is in a sought after location overlooking the Etihad stadium and adjacent to the new Co-Op live area, and within one mile of the city centre The property boasts a full length private balcony and allocated parking.

Leasehold information
Service charge - £2688.48 per annum
Lease length remaining - 229 years

Notice
Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.

Agent Details

Stevenson Whyte, Manchester

0161 524 8300

Next Steps?

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