2 Bed Flat, Single Let, Manchester, M15 4LR, £180,000

Apartment , Burton Place, Manchester, M15 4LR - 4 views - 8 months ago

Leasehold
BTL
ROI: 5%
~63 m²
+4 photos

ValuationUndervalued

Sold Prices£102K - £430K
Sold Prices/m²£1.7K/m² - £4.4K/m²

 

 

Square Metres

~63 m²
Price/m²£2.9K/m²

Value Estimate

£184,974

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (29%)

£52,500

Stamp Duty & Legal Fees

£7,500

Total Cash In

£60,000

 

 

Cash Out

 

Rent Range

£1,050 - £2,750

Rent Estimate

£1,150

Running Costs/mo

£906

Cashflow/mo

£244

Cashflow/yr

£2,928

ROI

5%

Gross Yield

7%

Local Sold Prices

50 sold prices from £102K to £430K, average is £160.5K. £1.7K/m² to £4.4K/m², average is £2.9K/m².

PriceDateDistanceAddressBeds 
£250K07/210.07 miFlat 301, Former St. Georges Church, Arundel Street, Manchester, Greater Manchester M15 4JZ2
£260K06/230.07 miFlat 108, Former St. Georges Church, Arundel Street, Manchester, Greater Manchester M15 4JZ2
£210K09/210.1 miFlat 202, Former St. Georges Church, Arundel Street, Manchester, Greater Manchester M15 4JZ2
£130K01/210.14 miFlat 29, Thomas Court, Beattock Close, Manchester, Greater Manchester M15 4JA2
£180K12/220.23 miApartment 47, Slater House, Woden Street, Salford, Greater Manchester M5 4UE2
£400K04/210.24 miApartment 310, Middle Warehouse, Castle Quay, Manchester, Greater Manchester M15 4NT2
£350K04/210.24 miApartment 301, Middle Warehouse, Castle Quay, Manchester, Greater Manchester M15 4NT2
£430K01/230.24 miSuite 509, Middle Warehouse, Castle Quay, Manchester, Greater Manchester M15 4NT2
£173K11/210.26 miApartment 72, Irwell Building, Derwent Street, Salford, Greater Manchester M5 4SS2
£171.5K07/210.26 miApartment 49, Irwell Building, Derwent Street, Salford, Greater Manchester M5 4SS2
£153K12/230.27 miRenolds House, Apartment 19, Everard Street, Salford, Greater Manchester M5 4UB2
£114K11/230.27 miApartment 1, Renolds House, Everard Street, Salford, Greater Manchester M5 4UB2
£110K11/200.29 miFlat 41, Cassandra Court, Asgard Drive, Salford, Greater Manchester M5 4TW2
£150K11/220.29 miFlat 42, Cassandra Court, Asgard Drive, Salford, Greater Manchester M5 4TW2
£127.5K07/230.29 miFlat 11, Miranda Court, Asgard Drive, Salford, Greater Manchester M5 4TN2
£130K05/230.29 miFlat 2, Miranda Court, Asgard Drive, Salford, Greater Manchester M5 4TN2
£128K02/210.29 miFlat 19, Miranda Court, Asgard Drive, Salford, Greater Manchester M5 4TN2
£136.1K01/230.3 miFlat 66, Imogen Court, Asgard Drive, Salford, Greater Manchester M5 4TQ2
£138K03/230.3 miFlat 102, Imogen Court, Asgard Drive, Salford, Greater Manchester M5 4TQ2
£102K03/210.3 miFlat 101, Imogen Court, Asgard Drive, Salford, Greater Manchester M5 4TQ2
£138K07/230.3 miFlat 90, Imogen Court, Asgard Drive, Salford, Greater Manchester M5 4TQ2
£230K08/210.31 mi32, Potato Wharf, Manchester, Greater Manchester M3 4NB2
£212K09/210.31 mi28, Potato Wharf, Manchester, Greater Manchester M3 4NB2
£215K12/220.32 mi326, City Road, Manchester, Greater Manchester M15 4FA2
£148K05/210.33 mi94, Jackson Crescent, Manchester, Greater Manchester M15 5AA2
£172.5K06/230.33 mi94, Jackson Crescent, Manchester, Greater Manchester M15 5AA2
£173.5K12/220.33 mi86, Jackson Crescent, Manchester, Greater Manchester M15 5AA2
£210K03/210.33 mi19, Woollam Place, Manchester, Greater Manchester M3 4JJ2
£170K12/220.34 mi44, Jackson Crescent, Manchester, Greater Manchester M15 5AA2
£240K04/210.36 mi127f, Liverpool Road, Manchester, Greater Manchester M3 4JN2
£208K02/210.36 mi133d, Liverpool Road, Manchester, Greater Manchester M3 4JN2
£172K03/240.37 mi7, St Wilfrids Street, Manchester, Greater Manchester M15 5XE2
£138K07/210.48 mi324a, Stretford Road, Manchester, Greater Manchester M15 5TP2
£157.5K04/210.48 mi15, Shawgreen Close, Manchester, Greater Manchester M15 4DR2
£220K06/210.49 mi29, Rozel Square, Manchester, Greater Manchester M3 4FQ2
£122.5K05/210.49 mi377a, Stretford Road, Manchester, Greater Manchester M15 4AW2
£277K07/210.5 mi1, Culvercliffe Walk, Manchester, Greater Manchester M3 4FL2
£294K12/200.5 mi11, Culvercliff Walk, Manchester, Greater Manchester M3 4FL2
£285K06/210.51 mi28, Porchfield Square, Manchester, Greater Manchester M3 4FG2
£165K06/230.51 mi296b, Stretford Road, Manchester, Greater Manchester M15 5TN2
£160K08/230.51 mi1d, Rolls Crescent, Manchester, Greater Manchester M15 5JZ2
£137K08/210.52 mi28, Chorlton Road, Hulme, Manchester, Greater Manchester M15 4AU2
£142K05/210.52 mi56, Chorlton Road, Manchester, Greater Manchester M15 4AU2
£137.5K11/200.52 mi60, Chorlton Road, Hulme, Manchester, Greater Manchester M15 4AU2
£142K05/210.53 mi56, Chorlton Road, Manchester, Greater Manchester M15 4AU2
£161K02/240.55 mi104, Royce Road, Hulme, Manchester, Greater Manchester M15 5LA2
£157.5K05/230.55 mi22, Yew Street, Hulme, Manchester, Greater Manchester M15 5YW2
£160K07/210.55 mi54, Hunmanby Avenue, Manchester, Greater Manchester M15 5FE2
£141.7K06/210.59 mi57, Rockdove Avenue, Manchester, Greater Manchester M15 5EH2
£155K10/210.6 mi16, Rockdove Avenue, Manchester, Greater Manchester M15 5FH2

Local Rents

50 rents from £1.1K/mo to £2.8K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,30001/250.01 mi-2
£1,30005/240.01 mi-2
£1,30005/240.01 miBurton Place, Manchester, M152
£1,15005/240.01 miBurton Place, Castlefield, Manchester, M152
£1,15005/240.01 miBurton Place, Castlefield, Manchester, M152
£1,15005/240.01 miBurton Place, Castlefield, Manchester, M152
£1,12505/240.03 miBase Apartments, 12 Arundel Street, Manchester, M152
£1,15005/240.03 miBase 12 Arundel Street, Manchester, M152
£1,25005/240.03 miThe Base, 12 Arundel Street, Castlefield, Manchester, M152
£1,30005/240.03 miBase Apartments, Castlefield2
£1,20005/240.03 miThe Base, 12 Arundel Street, Manchester City Centre, M152
£1,20006/240.03 miThe Base, 12 Arundel Street, Manchester City Centre, M152
£1,20006/240.03 miThe Base, 12 Arundel Street, Manchester City Centre, M152
£1,50005/240.03 miTimber Wharf, Worsley Street, Manchester, M15 4NZ2
£1,59006/240.03 mi-2
£1,35005/240.03 mi-2
£2,75005/240.03 miTimber Wharf, 32 Worsley Street, Manchester, M15 4NZ2
£1,50006/240.03 miWorsley Street, Castlefield, Manchester, M152
£1,05006/240.03 miMoho, Ellesmere Street, Castlefield, Manchester, M152
£1,18005/240.03 mi510 Moho, 42 Ellesmere Street, Manchester, M15 4FY2
£1,50005/240.04 miSt Georges Gardens2
£1,25003/240.06 miThe Boxworks, Worsley Street, Castlefield, Manchester, M152
£2,60002/240.06 mi-2
£1,25002/250.06 mi-2
£1,49505/240.06 miAlbert Mill, 50 Ellesmere Street, Castlefield2
£1,39505/240.06 miSt Georges Island, 2 Kelso Place, Castlefield, Manchester, M152
£1,15005/240.07 miSt Georges Island, 1 Kelso Place, Castlefield, Manchester, M152
£1,29503/250.07 mi-2
£1,25005/240.07 miSpinners Way, Castlefield, Manchester, M152
£1,45005/240.07 miSpinners Way, Castlefield, Manchester, M152
£1,29505/240.07 miSt George's Island, 1 Kelso Place, Castlefield2
£1,45006/240.07 miKelso Place, Manchester2
£1,25005/240.07 miSt George's Island, Kelso Place, Manchester2
£1,39505/240.07 miKelso Place, Manchester, Greater Manchester, M152
£1,30005/240.07 miSt Georges Island, 2 Kelso Place, Castlefield, Manchester, M152
£1,30005/240.07 miThe Box Works, Worsley Street, Castlefield, Manchester, M152
£1,37503/240.07 miApartment 405 Box Works Worsley Street,Manchester,M15 4NU2
£1,15005/240.07 miSpinners Way, Manchester, M152
£1,30005/240.07 mi-2
£1,10012/240.07 mi-2
£1,50012/240.07 mi-2
£1,45005/240.07 miSpinners Way, Castlefield, Manchester, M152
£1,25005/240.07 miSky Gardens2
£1,25005/240.07 miSky Gardens2
£1,40005/240.07 miSpinners Way, Manchester, Greater Manchester, M152
£1,40005/240.07 miSpinners Way, Manchester, Greater Manchester, M152
£1,18002/250.07 mi-2
£1,40005/240.07 miKelso Place, Manchester, M152
£1,50003/250.07 mi-2
£1,39501/250.07 mi-2

Local Area Statistics

Population in M15

20,050

Population in Manchester

920,095

Town centre distance

1.25 miles away

Nearest school

0.30 miles away

Nearest train station

0.30 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+14%

Sales demand

Balanced market

Capital growth (5yrs)

+39%

Property History

Price changed to £180,000

December 4, 2024

Listed for £210,000

July 17, 2024

Floor Plans

Description

  • 2 bedrooms +
  • All local amenities nearby +
  • Close to Cornbrook Metrolink Station +
  • Excellent Location +
  • Passed EWS1 Certificate +
  • Secure Parking +

A WELL PRESENTED TWO BED APARTMENT WITH SECURE ALLOCATED PARKING LOCATED IN THE POPULAR AREA OF CASTLEFIELD. This corner unit benefits from an open plan living, kitchen with breakfast bar and dining area , 2 bedrooms, a family bathroom and two balcony's.

The property now comes with a passed EWS1 form with an A1 rating so mortgage buyers are welcome. The owner has also recently refurbished the kitchen putting in a fresh and modern kitchen with top end appliances. This particular unit is also a corner units so is one of the large units in the building.

As the property is situated in the Castlefield area there are many local amenities such as Regent Retail Park which has such stores as Sainsburys, Boots and Costa and also JD Gyms. If you do not wish to walk the short distance to the centre of Manchester were you can find all sort of entertainment such as restaurants and bars you can walk for a few minutes to Cornbrook tram stop.

Council Tax Band: C
Tenure: Leasehold (979 years)
Ground Rent: £500 per year
Service Charge:

Agent Details

NPP Residential, Manchester

0161 524 8868

Next Steps?

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