2 Bed Flat, Single Let, Manchester, M16 0PG, £255,000

Insignia, 86 TALBOT ROAD, STRETFORD, M16 0PG - 2 views - 10 months ago

Leasehold
BTL
~68 m²
+9 photos

ValuationOvervalued

Sold Prices£65K - £263K
Sold Prices/m²£1K/m² - £4.4K/m²

 

 

Square Metres

~68.11 m²
Price/m²£3.7K/m²

Value Estimate

£211,908

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£63,750

Stamp Duty & Legal Fees

£9,100

Total Cash In

£72,850

 

 

Cash Out

 

Rent Range

£950 - £2,900

Rent Estimate

£991

Running Costs/mo

£1,015

Cashflow/mo

£-24

Cashflow/yr

£-289

Gross Yield

5%

Local Sold Prices

31 sold prices from £65K to £263K, average is £199.9K. £1K/m² to £4.4K/m², average is £3.2K/m².

PriceDateDistanceAddressBeds 
£106.5K03/210.55 mi31, Beresford Road, Stretford, Manchester, Greater Manchester M32 0PZ2
£65K11/230.58 mi4, Broseley Road, Manchester, Greater Manchester M16 0EZ2
£128K03/210.61 mi20, Nansen Close, Stretford, Manchester, Greater Manchester M32 0PX2
£150K12/200.66 mi69, Lee Crescent, Stretford, Manchester, Greater Manchester M32 0TN2
£144.8K01/210.66 mi73, Lee Crescent, Stretford, Manchester, Greater Manchester M32 0TN2
£210K10/200.71 mi88, Merchants Quay, Salford, Greater Manchester M50 3XG2
£210K10/200.71 mi88, Merchants Quay, Salford, Greater Manchester M50 3XG2
£250K10/210.72 mi62, Merchants Quay, Salford, Greater Manchester M50 3XG2
£263K12/230.74 mi44, Merchants Quay, Salford, Greater Manchester M50 3XR2
£167.5K11/220.8 mi91, Wardle Close, Stretford, Manchester, Greater Manchester M32 0TF2
£112K05/210.81 mi93, Wardle Close, Stretford, Manchester, Greater Manchester M32 0TF2
£178K03/230.82 mi15, Radclyffe Mews, Salford, Greater Manchester M5 3GD2
£170K02/230.82 mi17, Radclyffe Mews, Salford, Greater Manchester M5 3GD2
£210K03/240.88 miImperial Point, Apartment 812, The Quays, Salford, Greater Manchester M50 3RB2
£187K05/230.89 mi61, Woodlawn Court, Manchester, Greater Manchester M16 9RL2
£205.5K12/220.9 mi53, Woodlawn Court, Manchester, Greater Manchester M16 9RL2
£199.9K03/210.9 mi48, Woodlawn Court, Manchester, Greater Manchester M16 9RJ2
£228K05/210.93 mi16, Winnipeg Quay, Salford, Greater Manchester M50 3TY2
£260K12/200.93 mi53, Winnipeg Quay, Salford, Greater Manchester M50 3TY2
£200K06/210.93 mi24, Winnipeg Quay, Salford, Greater Manchester M50 3TY2
£230K05/210.93 mi41, Winnipeg Quay, Salford, Greater Manchester M50 3TY2
£190K04/210.93 mi49, Winnipeg Quay, Salford, Greater Manchester M50 3TY2
£172.5K04/210.93 miFlat 3, Longford Wharf, Stephenson Road, Stretford, Manchester, Greater Manchester M32 0SS2
£195K06/210.93 mi2, Woodlawn Court, Manchester, Greater Manchester M16 9RH2
£238.5K10/230.95 mi70, St Lawrence Quay, Salford, Greater Manchester M50 3XU2
£198K10/230.95 mi76, St Lawrence Quay, Salford, Greater Manchester M50 3XU2
£240K12/220.95 mi15, St Lawrence Quay, Salford, Greater Manchester M50 3XT2
£240K09/210.96 mi44, Vancouver Quay, Salford, Greater Manchester M50 3TU2
£205K09/210.96 mi71, Vancouver Quay, Salford, Greater Manchester M50 3TU2
£209.5K11/200.96 mi70, Vancouver Quay, Salford, Greater Manchester M50 3TU2
£180K05/230.97 mi32, Abbotside Close, Manchester, Greater Manchester M16 7RP2

Local Rents

51 rents from £950/mo to £2.9K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,35005/240.06 miAlexander House, Talbot Road, Manchester, Greater Manchester, M162
£1,35005/240.06 miAlexander House, Talbot Road, Manchester, Greater Manchester, M162
£1,25005/240.06 miAlexander House, Talbot Road, Old Trafford, Manchester. M16 0PJ2
£1,30005/240.06 mi-2
£1,35005/240.07 miAlexander House, Talbot Road, Manchester, Greater Manchester, M162
£1,35005/240.07 miAlexander House, Talbot Road, Manchester, Greater Manchester, M162
£1,25005/240.07 miAlexander House2
£1,35005/240.07 miAlexander House, Talbot Road, Manchester, Greater Manchester, M162
£1,35006/240.07 miAlexander House, Talbot Road, Manchester, Greater Manchester, M162
£1,35006/240.07 miTalbot Road, Manchester, Greater Manchester, M162
£99505/240.07 miApartment , Bowdon Court, Montague Road, Manchester2
£1,20004/250.09 mi-2
£1,20006/240.09 mi88-92 Talbot Road , Old Trafford , Manchester, M16 0UE2
£1,25005/240.09 miApartment 208 Insignia, 86 Talbot Road , Old Trafford, Manchester, M16 0UF2
£1,25005/240.09 mi86 Talbot Road , Manchester, M16 0UF2
£1,30005/240.11 miWarwick Road, Manchester, Greater Manchester, M162
£1,30003/240.11 miWarwick Road,Old Trafford,Manchester,M162
£1,25003/240.11 miWarwick Road, Manchester, Greater Manchester, M162
£1,20005/240.11 miWarwick Road, Manchester, Greater Manchester, M162
£1,30002/250.11 mi-2
£1,50004/250.11 mi-2
£2,25005/240.11 mi-2
£2,90005/240.12 mi-2
£2,90005/240.12 mi-2
£2,90012/240.12 mi-2
£99505/240.12 mi17 Montague Road, M16 0QT2
£2,59901/250.12 mi-2
£2,59902/250.12 mi-2
£2,59901/250.12 mi-2
£2,29504/250.16 mi-2
£1,30005/240.18 mi-2
£1,30005/240.18 miTalbot Road, Old Trafford, Manchester, M162
£1,10012/240.18 mi-2
£1,10005/240.18 miTalbot Road, Old Trafford, Manchester, M162
£2,00007/240.26 mi-2
£2,34501/250.26 mi-2
£2,37505/240.31 mi-2
£1,15005/240.39 mi41 Grove House, Skerton Road2
£1,20004/250.39 mi-2
£95012/240.39 mi-2
£1,15004/250.39 mi-2
£1,32503/240.4 miNo. 1 Old Trafford2
£1,22503/240.4 miNo. 1 Old Trafford2
£1,25003/240.4 miNo. 1 Old Trafford2
£1,32503/240.4 miNo. 1 Old Trafford2
£1,20005/240.41 miPomona Strand, Manchester, Greater Manchester, M162
£1,32505/240.41 miPomona Strand, Manchester, Greater Manchester, M162
£1,27505/240.43 miAlexander House2
£1,35005/240.44 miNo 1 Old Trafford, Salford Quays, M17 1GW2
£1,20005/240.45 miUrban Green , 75 Seymour Grove, Old Trafford2
£1,25005/240.45 miTrafford Park, Manchester, Greater Manchester, M172

Local Area Statistics

Population in M16

35,559

Population in Manchester

920,095

Town centre distance

1.48 miles away

Nearest school

0.30 miles away

Nearest train station

0.16 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+36%

Sales demand

Buyer's market

Capital growth (5yrs)

+80%

Property History

Listed for £255,000

July 3, 2024

Floor Plans

Description

  • Security +
  • 24/7 Concierg +
  • Parking +
  • Free gym +

Insignia is a 10-story residential development located in a highly accessible area near Metrolink services, Manchester City Centre, Media City, and the University Quarter. It aims to provide affordable urban living while setting a new standard for modern athletic living. The apartments within Insignia have been designed with a modular approach, allowing tenants to customize and adapt each space to their lifestyle, particularly those with an athletic spirit.

The development is surrounded by green spaces, sporting landmarks, and offers a view of the city.

Currently, there is one apartment available in Insignia, specifically apartment 703. This seventh-floor apartment comprises two bedrooms, two bathrooms, and a spacious open plan lounge/kitchen area. Furnishings are included in the purchase, allowing the buyer to seamlessly transition into using the property as either a short-term or long-term rental.

Overall, Insignia offers a convenient and modern living option in a well-connected area of Manchester, with amenities designed to cater to the needs of residents with an athletic lifestyle.

- Service charge: £ 2392 per year
- Ground Rent: £ 300 per year
- Current rent: £ 1200 pcm till 07/2024
- Car Park included
- Council Tax Band: C
- EPC Rating: B
- EWS1: A1
- Leasehold (247 years remaining)
- No Chain

The seller has provided lease, ground rent and service charge details and their accuracy cannot be guaranteed. Should you proceed with the purchase of this property, these details must be verified by your Solicitor.

Agent Details

AIHOMES LIMITED, Manchester

0161 524 3098

Next Steps?

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