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

The Frame, 2A The Waterfront, Manchester, Greater Manchester, M11 4BX - 4 views - 10 months ago

Sold STC
Leasehold
BTL
ROI: 9%
~68 m²
+11 photos

ValuationUndervalued

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

 

 

Square Metres

~68.11 m²
Price/m²£2.1K/m²

Value Estimate

£143,889
BMV3%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£35,000

Stamp Duty & Legal Fees

£5,400

Total Cash In

£40,400

 

 

Cash Out

 

Rent Range

£875 - £2,700

Rent Estimate

£950

Running Costs/mo

£648

Cashflow/mo

£303

Cashflow/yr

£3,630

ROI

9%

Gross Yield

8%

Local Sold Prices

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

PriceDateDistanceAddressBeds 
£220K01/241.06 miBlock D, Apartment 59, Pollard Street, Manchester, Greater Manchester M4 7AT2
£80K09/231.17 miFlat 12, Hayden Court, Sedgeford Road, Manchester, Greater Manchester M40 8QW2
£59.5K05/211.22 mi5, Crosby Road, Manchester, Greater Manchester M40 1QB2
£85K12/231.24 mi67, Gorton Lane, Manchester, Greater Manchester M12 5WF2
£270K05/231.26 mi17, William Jessop Court, Manchester, Greater Manchester M1 2NE2
£270K03/211.27 mi4, John Smeaton Court, Manchester, Greater Manchester M1 2NR2
£257K10/211.33 miFlat 50, M M2 Apartments, Pickford Street, Manchester, Greater Manchester M4 5BS2
£105K07/221.35 mi250a, Manor Road, Droylsden, Manchester, Greater Manchester M43 6JD2
£160K12/211.38 mi16, Kent Avenue, Droylsden, Manchester, Greater Manchester M43 6BW2
£107K07/211.5 mi79, Crammond Close, Manchester, Greater Manchester M40 1PL2
£86.5K12/201.5 mi73, Crammond Close, Manchester, Greater Manchester M40 1PL2
£487K03/231.53 mi11, Marshall Street, Manchester, Greater Manchester M4 5FU2
£140K06/211.55 mi396, Greenside Lane, Droylsden, Manchester, Greater Manchester M43 7RZ2
£150K03/211.56 mi11, Faversham Street, Manchester, Greater Manchester M40 5AR2
£53K11/201.57 mi8, Ketton Close, Manchester, Greater Manchester M11 1NA2
£130K09/231.57 mi36, Tinningham Close, Manchester, Greater Manchester M11 1NB2
£160K03/231.73 mi22, Devonshire Street South, Manchester, Greater Manchester M13 9HA2
£170K03/211.73 mi10, Hursthead Walk, Manchester, Greater Manchester M13 9UT2
£70K02/211.75 mi2, Edale Avenue, Manchester, Greater Manchester M40 9HU2
£250K11/231.76 miFlat 25, Sackville Place, Bombay Street, Manchester, Greater Manchester M1 7AT2
£213K03/211.76 miFlat 51, Sackville Place, Bombay Street, Manchester, Greater Manchester M1 7AT2
£160K08/211.76 mi11, Old Farm Crescent, Droylsden, Manchester, Greater Manchester M43 6EU2
£215K07/211.77 mi5, Lindrick Close, Manchester, Greater Manchester M40 3WB2
£207.5K12/201.78 miFlat 21, Granby House, Granby Row, Manchester, Greater Manchester M1 7AR2
£203K02/231.78 miFlat 31, Granby House, Granby Row, Manchester, Greater Manchester M1 7AR2
£220K12/221.82 miApartment 39, Venice Court, Samuel Ogden Street, Manchester, Greater Manchester M1 7AX2
£120K05/241.82 mi9, Mount Road, Manchester, Greater Manchester M18 7BG2
£180K10/201.82 miApartment 30, Venice Court, Samuel Ogden Street, Manchester, Greater Manchester M1 7AX2
£95K10/201.9 mi108, Stanley Grove, Manchester, Greater Manchester M12 5GF2
£130K09/211.93 mi65, Abbeydale Road, Manchester, Greater Manchester M40 0AJ2
£130K04/211.95 mi18, Lock Keepers Court, Droylsden, Manchester, Greater Manchester M43 6GG2
£156K02/221.96 mi16, Clapham Street, Manchester, Greater Manchester M40 0BA2

Local Rents

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

RentDateDistanceAddressBeds 
£1,10012/240 mi-2
£1,10003/250.02 mi-2
£1,20001/240.02 mi-2
£1,00005/240.03 miThe Waterfront, Manchester, M112
£1,15005/240.04 mi2 The Waterfront, Sports City, Openshaw, Manchester, M112
£1,10005/240.04 miThe Waterfront, Openshaw, Manchester, M112
£1,10005/240.04 mi2 The Waterfront, Sports City, Openshaw, Manchester, M112
£97502/250.05 mi-2
£1,20012/240.05 mi-2
£1,05005/240.05 miThe Drum, 2 Stuart Street, Sport City2
£1,10005/240.06 miApt 10, 2 Stuart Street, Clayton M11 4DQ2
£2,70012/240.07 mi-2
£2,10001/250.07 mi-2
£1,10006/240.07 miThe Drum, Stillwater Drive, M112
£95012/240.08 mi-2
£1,05006/240.08 miStillwater Drive, 5 Stillwater Drive, Manchester2
£1,05006/240.08 miStillwater Drive, Sports City, Macnhester, M112
£95005/240.09 miStillwater Drive, Sports City, Manchester, M112
£1,30012/240.1 mi-2
£1,30012/240.1 mi-2
£1,30005/240.1 miWesham Road, Manchester, M112
£97506/240.1 mi1 Stillwater Drive, Openshaw, Sports City, Manchester, M112
£97505/240.1 miStillwater Drive, SportCity, Manchester, M112
£1,25012/240.1 mi-2
£1,00005/240.1 miStillwater Drive, Stillwater Drive, Manchester, M112
£1,00006/240.1 miStillwater Drive, Stillwater Drive, Manchester, M112
£95005/240.11 mi5 Stillwater Drive, Openshaw, Sports City, Manchester, M112
£97505/240.11 mi5 Stillwater Drive, Sports City, Openshaw, Manchester, M112
£92505/240.12 miStillwater Drive,Clayton,Manchester,M11 4TE2
£1,09505/240.12 mi3 Stillwater Drive, Sportcity , Manchester, M11 4TE2
£97506/240.12 mi3 Stillwater Drive, Sports City, Openshaw, Manchester, M112
£95005/240.12 mi3 Stillwater Drive, Sports City, Openshaw, Manchester, M112
£1,20003/250.38 mi-2
£1,20002/250.38 mi-2
£87512/240.42 mi-2
£97505/240.45 mi-2
£1,00003/250.45 mi-2
£95001/240.45 mi-2
£1,00008/240.45 miThe Mews, Manchester, M402
£1,15005/240.49 miDarley Street, Manchester, M112
£1,10006/240.49 miSaxon Street, Manchester, M402
£1,10006/240.5 miSaxon Street, Manchester, M402
£1,30008/240.5 miSaxon Street, Manchester, M402
£2,25011/240.53 mi-2
£1,07506/240.54 miPadstow Street, Sports City, Manchester, M402
£1,15008/240.54 miPadstow Street, Sports City, Manchester, M402
£1,25003/250.6 mi-2

Links

Local Area Statistics

Population in M11

20,273

Population in Manchester

920,095

Town centre distance

3.05 miles away

Nearest school

0.30 miles away

Nearest train station

0.76 miles away

 

 

Rental growth (12m)

+112%

Sales demand

Seller's market

Capital growth (5yrs)

+27%

Property History

Listed for £140,000

May 29, 2024

Floor Plans

Description

AMAZING INVESTMENT OPPURTUNITY

Tenanted until March 2025 currently achieving £950pcm

Suitable for investors! SOLD WITH NO ONWARD CHAIN!

A superb second floor two bed apartment with secure parking within this popular development.
Situated within the Sport City complex, The Frame benefits from being close by to multiple local amenities and attractions.

This apartment is well positioned for easy access to The Etihad Stadium, the iconic Manchester Ship Canal and the soon to be opened Co-op Live Arena.

Comprising of hallway, living area with fitted kitchen, two well-proportioned bedrooms and secure car parking included.

Leasehold Expires 30/12/2252
Service Charge - £2,688.41per annum
Ground Rent Peppercorn
Council Tax Band C
Management Company Scanlans
Potential rental £1000pcm
Gross yield 8.5%
Net Yield 6.6%

Agent Details

Bridgfords, Manchester

0161 524 4219

Next Steps?

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

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