2 Bed Flat, Single Let, Manchester, M9 7HQ, £92,500

Spindletree Avenue, Manchester, M9 7HQ - 9 views - 8 months ago

Leasehold
BTL
ROI: 18%
~68 m²
+3 photos

ValuationUndervalued

Sold Prices£57K - £250K
Sold Prices/m²£778/m² - £3.9K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.4K/m²

Value Estimate

£111,925
BMV21%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£23,125

Stamp Duty & Legal Fees

£3,975

Total Cash In

£27,100

 

 

Cash Out

 

Rent Range

£850 - £1,250

Rent Estimate

£883

Running Costs/mo

£486

Cashflow/mo

£397

Cashflow/yr

£4,768

ROI

18%

Gross Yield

11%

Local Sold Prices

50 sold prices from £57K to £250K, average is £105.5K. £778/m² to £3.9K/m², average is £1.8K/m².

PriceDateDistanceAddressBeds 
£57K01/210 miApartment 32, Freshfields, Spindletree Avenue, Manchester, Greater Manchester M9 7HQ2
£67K04/230 miApartment 82, Freshfields, Spindletree Avenue, Manchester, Greater Manchester M9 7HQ2
£169K07/210.13 mi163, Victoria Avenue East, Manchester, Greater Manchester M9 7HW2
£105K10/200.21 mi61, Greetland Drive, Manchester, Greater Manchester M9 6DP2
£112.5K02/210.21 mi65, Greetland Drive, Manchester, Greater Manchester M9 6DP2
£70K10/200.47 mi14, Churston Avenue, Manchester, Greater Manchester M9 6LF2
£100.5K05/210.62 mi54, Evesham Walk, Middleton, Manchester, Greater Manchester M24 1PW2
£95K04/210.62 mi52, Evesham Walk, Middleton, Manchester, Greater Manchester M24 1PW2
£95K12/200.62 mi27, Evesham Walk, Middleton, Manchester, Greater Manchester M24 1PW2
£120K07/230.62 mi25, Evesham Walk, Middleton, Manchester, Greater Manchester M24 1PW2
£128.5K08/220.63 mi50, Evesham Walk, Middleton, Manchester, Greater Manchester M24 1PW2
£113K09/200.64 miFlat 17, Cajetan House, Moss Lane, Middleton, Manchester, Greater Manchester M24 1WY2
£120K08/220.64 miFlat 6, Cajetan House, Moss Lane, Middleton, Manchester, Greater Manchester M24 1WY2
£135K01/230.64 miFlat 7, Cajetan House, Moss Lane, Middleton, Manchester, Greater Manchester M24 1WY2
£225K06/210.67 mi66, Cheltenham Road, Middleton, Manchester, Greater Manchester M24 1HG2
£97K06/210.81 mi470, Lightbowne Road, Manchester, Greater Manchester M40 0HA2
£95K09/230.94 mi16l, Blueberry Avenue, Manchester, Greater Manchester M40 0GF2
£95K08/230.94 mi16k, Blueberry Avenue, Manchester, Greater Manchester M40 0GF2
£93K08/220.94 mi2c, Blueberry Avenue, Manchester, Greater Manchester M40 0GF2
£91K07/221.09 mi65, Nepaul Road, Manchester, Greater Manchester M9 4EA2
£80K01/211.09 mi16, Cobble Bank, Manchester, Greater Manchester M9 5FA2
£137K09/211.2 mi16, Worthington Street, Moston, Manchester, Greater Manchester M40 0BB2
£70K02/211.22 mi2, Edale Avenue, Manchester, Greater Manchester M40 9HU2
£82K06/231.23 mi1, Marshbrook Drive, Manchester, Greater Manchester M9 8NN2
£110K08/221.25 mi3, Thorndale Court, Manchester, Greater Manchester M9 8PZ2
£156K02/221.25 mi16, Clapham Street, Manchester, Greater Manchester M40 0BA2
£118.5K10/211.28 mi34, Whitecroft Meadow, Middleton, Manchester, Greater Manchester M24 1LU2
£98K12/201.28 mi31, Whitecroft Meadow, Middleton, Manchester, Greater Manchester M24 1LU2
£115K09/221.28 mi4, Whitecroft Meadow, Middleton, Manchester, Greater Manchester M24 1LU2
£121K03/231.28 mi35, Whitecroft Meadow, Middleton, Manchester, Greater Manchester M24 1LU2
£95K04/211.29 mi20, Newcroft Drive, Manchester, Greater Manchester M9 8PU2
£130K09/211.3 mi65, Abbeydale Road, Manchester, Greater Manchester M40 0AJ2
£60K11/211.33 miFlat 35, Buckingham House, Kingsmead Mews, Manchester, Greater Manchester M9 0RT2
£150K03/211.45 mi11, Faversham Street, Manchester, Greater Manchester M40 5AR2
£215K07/211.56 mi5, Lindrick Close, Manchester, Greater Manchester M40 3WB2
£116K10/221.63 miFlat 42, Exeter Court, Market Street, Middleton, Manchester, Greater Manchester M24 5TX2
£120K10/231.66 miFlat 2, Ninian Court, Sadler Street, Middleton, Manchester, Greater Manchester M24 5TR2
£124.5K02/221.67 mi2, Culross Avenue, Manchester, Greater Manchester M40 3SD2
£110K09/221.67 miFlat 11, Ninian Court, Sadler Street, Middleton, Manchester, Greater Manchester M24 5TR2
£115K01/221.8 mi4, Station Mews, Failsworth, Manchester, Greater Manchester M35 0GY2
£106K07/231.8 mi29a, Hardman Lane, Failsworth, Manchester, Greater Manchester M35 0DL2
£105K02/221.85 mi2, Bromley Street, Chadderton, Oldham, Greater Manchester OL9 8HD2
£88K08/221.85 mi41, Grampian Close, Chadderton, Oldham, Greater Manchester OL9 8PT2
£95K03/231.91 miFlat 11, Emmanuel Court, Granby Street, Chadderton, Oldham, Greater Manchester OL9 8EG2
£105K10/221.92 mi22, Heywood Court, Middleton, Manchester, Greater Manchester M24 4RR2
£250K09/211.93 mi57, Heywood Old Road, Middleton, Manchester, Greater Manchester M24 4QS2
£75K07/211.93 mi180, Baguley Crescent, Middleton, Manchester, Greater Manchester M24 4GX2
£91.5K11/221.93 mi190, Baguley Crescent, Middleton, Manchester, Greater Manchester M24 4GX2
£128K10/221.94 mi85, Heywood Court, Middleton, Manchester, Greater Manchester M24 4RQ2
£77K03/211.94 mi6, Heywood Court, Middleton, Manchester, Greater Manchester M24 4RR2

Local Rents

15 rents from £850/mo to £1.3K/mo, average is £1K/mo.

RentDateDistanceAddressBeds 
£1,00008/240 miFreshfields, Manchester, M92
£97505/240.01 miFreshfields, Spindletree Avenue, Manchester, M92
£1,10007/240.01 mi-2
£1,25003/250.01 mi-2
£85005/240.21 miGreetland Drive, Blackley2
£1,05005/240.55 miSycamore Road, Blackley, Manchester, M9 7GN2
£1,15008/240.55 miSycamore Road, Blackley, Manchester, M9 7GN2
£87505/240.57 miAinsbrook Avenue, Manchester2
£92505/240.57 miEastgate, Manchester, M92
£1,20006/240.57 miEvesham Road, Middleton2
£95008/240.6 miApt 6, 16 Kilmaine Avenue, Manchester, Greater Manchester, M9 7FN2
£1,00003/250.61 mi-2
£1,20001/250.61 mi-2
£1,20005/240.62 miHemlock Way, Greater Manchester, M92
£89505/240.62 mi16 Kilmaine Avenue, Manchester, M92

Local Area Statistics

Population in M9

39,412

Population in Manchester

920,095

Town centre distance

5.55 miles away

Nearest school

0.10 miles away

Nearest train station

1.02 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+45%

Sales demand

Seller's market

Capital growth (5yrs)

+60%

Property History

Listed for £92,500

July 23, 2024

Description

  • Open Plan Living Area +
  • Secured Parking Space +
  • Spacious +

Belvoir are pleased to present  this well presented 2-bedroom flat nestled in the sought-after Freshfields building on Spindletree Avenue. Freshfields offers an exceptional living experience with its impressive features such as a on site gym and secure resident carpark, including an allocated car park space and all within close reach to all transport links.  Upon stepping inside, you are welcomed by a spacious and inviting hallway. From the hallway, a seamless transition takes you into the large open-plan living room and kitchen area. This combined space is designed for versatility and functionality, offering a warm and welcoming atmosphere. The living room with its floor-to-ceiling windows, showcases captivating views whilst inviting an abundance of natural light to fill the room. This area is perfect for relaxation, entertainment, and social gatherings. Continuing from the living area, you'll find the well-equipped kitchen. Modern appliances and ample counter space.  Back in the hallway, two spacious double bedrooms await. The first double bedroom is graced with large windows, welcoming an abundance of natural light. These windows not only brighten the room but also offer lovely views of the surroundings, creating a serene atmosphere. Moving on from the first bedroom, you'll find the second double bedroom.  EPC rating: C. Tenure: Leasehold,

Agent Details

Belvoir, Leicester

0116 366 1617

Next Steps?

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