2 Bed Flat, Single Let, Manchester, M16 7RP, £140,000

30 Abbotside Close, Manchester, Greater Manchester, M16 7RP - 12 views - 9 months ago

Leasehold
BTL
ROI: 7%
50 m²
+9 photos

ValuationOvervalued

Sold Prices£65K - £640K
Sold Prices/m²£1K/m² - £3.8K/m²

 

 

Square Metres

50 m²
Price/m²£2.8K/m²

Value Estimate

£130,645

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

£825 - £1,450

Rent Estimate

£850

Running Costs/mo

£628

Cashflow/mo

£223

Cashflow/yr

£2,670

ROI

7%

Gross Yield

7%

Local Sold Prices

50 sold prices from £65K to £640K, average is £157.5K. £1K/m² to £3.8K/m², average is £2.6K/m².

PriceDateDistanceAddressBeds 
£180K05/230 mi32, Abbotside Close, Manchester, Greater Manchester M16 7RP2
£540K02/210.18 mi15, Whalley Road, Manchester, Greater Manchester M16 8AD2
£187K05/230.22 mi61, Woodlawn Court, Manchester, Greater Manchester M16 9RL2
£205.5K12/220.22 mi53, Woodlawn Court, Manchester, Greater Manchester M16 9RL2
£195K06/210.23 mi2, Woodlawn Court, Manchester, Greater Manchester M16 9RH2
£199.9K03/210.26 mi48, Woodlawn Court, Manchester, Greater Manchester M16 9RJ2
£640K01/240.46 mi26, Stanley Road, Whalley Range, Manchester, Greater Manchester M16 8HS2
£134K05/210.54 mi12, Plainsfield Street, Manchester, Greater Manchester M16 7HB2
£132K11/230.54 mi18, Plainsfield Street, Manchester, Greater Manchester M16 7HB2
£129.9K04/210.57 mi22, Wilcock Street, Manchester, Greater Manchester M16 7DA2
£160K03/230.57 mi6, Wilcock Street, Manchester, Greater Manchester M16 7DA2
£160K03/230.6 mi98, Bold Street, Hulme, Manchester, Greater Manchester M15 5QH2
£134K10/210.65 mi143c, Chorlton Road, Hulme, Manchester, Greater Manchester M15 4JG2
£174K12/230.65 mi159b, Chorlton Road, Manchester, Greater Manchester M15 4JG2
£162K03/230.66 mi24, Bankwell Street, Hulme, Manchester, Greater Manchester M15 5LN2
£159.5K11/220.66 mi75, Drayton Street, Manchester, Greater Manchester M15 5LL2
£144K02/210.67 mi71, Drayton Street, Hulme, Manchester, Greater Manchester M15 5LL2
£144K02/210.67 mi71, Drayton Street, Hulme, Manchester, Greater Manchester M15 5LL2
£135K07/230.68 mi45, St Mary's Street, Hulme, Manchester, Greater Manchester M15 5WB2
£148K03/230.68 mi33, St Mary's Street, Hulme, Manchester, Greater Manchester M15 5WB2
£150K12/220.69 mi41, St Mary's Street, Hulme, Manchester, Greater Manchester M15 5WB2
£134K04/210.69 mi16, Rook Street, Manchester, Greater Manchester M15 5PS2
£137K03/210.7 mi66, Peregrine Street, Manchester, Greater Manchester M15 5PU2
£142.5K10/230.7 mi26, Chichester Road South, Hulme, Manchester, Greater Manchester M15 5QQ2
£170K03/230.72 mi21, Betsham Street, Manchester, Greater Manchester M15 5JN2
£95.5K01/210.72 mi1, Bold Street, Hulme, Manchester, Greater Manchester M15 5QR2
£170K12/200.72 mi12, Woodgate Road, Manchester, Greater Manchester M16 8LX2
£154K07/210.72 mi10, Woodgate Road, Manchester, Greater Manchester M16 8LX2
£135K12/230.72 mi12b, Blanchard Street, Manchester, Greater Manchester M15 5PN2
£142K05/210.73 mi56, Chorlton Road, Manchester, Greater Manchester M15 4AU2
£137K08/210.74 mi28, Chorlton Road, Hulme, Manchester, Greater Manchester M15 4AU2
£142K05/210.74 mi56, Chorlton Road, Manchester, Greater Manchester M15 4AU2
£137.5K11/200.74 mi60, Chorlton Road, Hulme, Manchester, Greater Manchester M15 4AU2
£127.5K12/200.74 mi52, Hulme High Street, Hulme, Manchester, Greater Manchester M15 5JP2
£125K10/200.74 mi98, Hulme High Street, Manchester, Greater Manchester M15 5JP2
£168K09/210.75 mi32, Holden Avenue, Manchester, Greater Manchester M16 8TA2
£200K03/240.75 mi24, Holden Avenue, Manchester, Greater Manchester M16 8TA2
£170K10/200.75 mi57, Holden Avenue, Manchester, Greater Manchester M16 8TA2
£172.5K08/210.75 mi26, Holden Avenue, Manchester, Greater Manchester M16 8TA2
£180K07/240.75 mi42, Holden Avenue, Manchester, Greater Manchester M16 8TA2
£210K08/230.75 mi18, Holden Avenue, Manchester, Greater Manchester M16 8TA2
£157.5K05/230.75 mi22, Yew Street, Hulme, Manchester, Greater Manchester M15 5YW2
£122.5K05/210.75 mi377a, Stretford Road, Manchester, Greater Manchester M15 4AW2
£65K11/230.78 mi4, Broseley Road, Manchester, Greater Manchester M16 0EZ2
£157.5K04/210.78 mi15, Shawgreen Close, Manchester, Greater Manchester M15 4DR2
£138K07/210.82 mi324a, Stretford Road, Manchester, Greater Manchester M15 5TP2
£160K08/230.83 mi1d, Rolls Crescent, Manchester, Greater Manchester M15 5JZ2
£185K04/210.85 miFlat 18, Tealby Court, Wilbraham Road, Manchester, Greater Manchester M21 0XB2
£185K03/210.85 miFlat 16, Tealby Court, Wilbraham Road, Manchester, Greater Manchester M21 0XB2
£173K01/230.85 miFlat 36, Tealby Court, Wilbraham Road, Manchester, Greater Manchester M21 0XB2

Local Rents

50 rents from £825/mo to £1.4K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£95012/240.09 mi-2
£1,25003/250.14 mi-2
£1,20004/250.14 mi-2
£1,10005/240.16 miUpper Chorlton Road, Manchester, M162
£1,25012/240.16 mi-2
£99512/240.17 mi-2
£1,10003/250.17 mi-2
£1,15005/240.17 miWood Road, Whalley Range, Manchester2
£1,20006/240.18 miBurton Place, Manchester, M152
£82501/250.21 mi-2
£82504/250.21 mi-2
£95005/240.21 miWoodlawn Court, Whalley Range, Manchester, M162
£1,30012/240.22 mi-2
£85006/240.22 mi-2
£85001/250.22 mi-2
£1,19512/240.24 mi-2
£99505/240.24 mi-2
£97504/250.24 mi-2
£1,40005/240.27 miManchester Waters, 1 Pomona Strand, Old Trafford, Manchester, M162
£1,30002/240.27 miManchester Waters, 1 Pomona Strand, Old Trafford, Manchester, M162
£1,40002/240.27 miManchester Waters, 1 Pomona Strand, Old Trafford, Manchester, M162
£1,40005/240.27 miManchester Waters, 1 Pomona Strand, Old Trafford, Manchester, M162
£1,40005/240.27 miManchester Waters, 1 Pomona Strand, Old Trafford, Manchester, M162
£1,30005/240.27 miManchester Waters, 1 Pomona Strand, Old Trafford, Manchester, M162
£1,30005/240.27 miManchester Waters, 3 Pomona Strand, Old Trafford, M162
£89506/240.31 miRegent Court, 155-157 Withington Road, Manchester, M162
£1,20006/240.32 mi39 Upper Chorlton Road, Whalley Range, Manchester, Greater Manchester. M16 7RW2
£1,14903/250.35 mi-2
£1,05005/240.35 miMayfield Road, Whalley Range2
£1,05006/240.35 miMayfield Road, Whalley Range2
£1,45003/250.36 mi-2
£1,05006/240.38 mi2 Alness Road, Whalley Range, Manchester, M162
£1,15005/240.39 miThe Gallery, Range Road, Whalley Range2
£1,35005/240.39 miRange Road, Manchester, Greater Manchester, M162
£1,25002/240.39 mi-2
£87512/240.39 mi-2
£89506/240.41 mi159 Withington Road, Manchester, M162
£99506/240.41 mi159 Withington Road, Manchester, M162
£1,10012/240.42 mi-2
£99502/250.43 mi-2
£1,00005/240.43 miFlat 4 31, Wellington Road, Manchester, M162
£90005/240.43 miWellington Road, Whalley Range, Manchester. M16 8EX2
£1,20003/240.44 miFlat 23, 6 Anvil Place, Manchester, Greater Manchester, M15 5QL2
£99512/240.44 mi-2
£92505/240.44 miFlat 15 Burford Court, 1 Cotterdale Close, Whalley Range2
£1,37503/250.45 mi-2
£1,10005/240.45 miStanley Road, Whalley Range, Manchester2
£1,20005/240.47 miMerriman St Manchester. M16 7AJ2
£99512/240.47 mi-2
£99505/240.47 miStanley Road, Whalley Range, Manchester, M162

Local Area Statistics

Population in M16

35,559

Population in Manchester

920,095

Town centre distance

0.53 miles away

Nearest school

0.10 miles away

Nearest train station

0.62 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+36%

Sales demand

Buyer's market

Capital growth (5yrs)

+80%

Property History

Listed for £140,000

July 17, 2024

Sold for £112,000

2018

Sold for £95,000

2005

Sold for £49,000

2001

Sold for £34,000

1997

Floor Plans

Description

Fantastic First Floor Apartment with Two Double Bedrooms and private entry door situated in this sought after cul de sac location in Whalley Range, close to all local amenities and within easy reach of both vibrant Chorlton and Manchester City Centre.

The property briefly comprises of a private entry door with stairway leading to the well laid out first floor accommodation. The lounge has large picture window to the front to ensure ample natural lighting and offers space in which to sit and dine. The kitchen has a range of wall and base units with contrasting work surfaces and a range of appliances. There are two well presented and well proportioned double bedrooms and a three piece bathroom.
There are gardens to the front of the property and off street parking.
We are advised of the following Leasehold Details:
156 years left on lease
£83.40 service charge per month

Offered for sale with no onward chain. Please call our sales team to arrange your viewing today!

Agent Details

Bridgfords, Chorlton

0161 524 5067

Next Steps?

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