2 Bed Flat, Single Let, Manchester, M4 5LX, £175,000





ValuationUndervalued
Sold Prices | £130K - £487K |
Sold Prices/m² | £2.4K/m² - £4.2K/m² |
| |
Square Metres | 103.20 m² |
Price/m² | £1.7K/m² |
Value Estimate | £210,000£210,000 |
BMV | 20% |
Cashflows
Cash In | |
Purchase Finance | MortgageMortgage |
Deposit (25%) | £43,750£43,750 |
Stamp Duty & Legal Fees | £9,950£9,950 |
Total Cash In | £53,700£53,700 |
| |
Cash Out | |
Rent Range | £730 - £2,500£730 - £2,500 |
Rent Estimate | £1,084 |
Running Costs/mo | £784£784 |
Cashflow/mo | £300£300 |
Cashflow/yr | £3,604£3,604 |
ROI | 7%7% |
Gross Yield | 7%7% |
Local Sold Prices
20 sold prices from £130K to £487K, average is £210.3K. £2.4K/m² to £4.2K/m², average is £3.2K/m².
Price | Date | Distance | Address | Price/m² | m² | Beds | Type | |
£257K | 10/21 | 0.15 mi | Flat 50, M M2 Apartments, Pickford Street, Manchester, Greater Manchester M4 5BS | - | - | 2 | Flat | |
£487K | 03/23 | 0.18 mi | 11, Marshall Street, Manchester, Greater Manchester M4 5FU | £3,555 | 137 | 2 | Flat | |
£270K | 05/23 | 0.43 mi | 17, William Jessop Court, Manchester, Greater Manchester M1 2NE | £3,462 | 78 | 2 | Flat | |
£270K | 03/21 | 0.45 mi | 4, John Smeaton Court, Manchester, Greater Manchester M1 2NR | £4,219 | 64 | 2 | Flat | |
£220K | 01/24 | 0.61 mi | Block D, Apartment 59, Pollard Street, Manchester, Greater Manchester M4 7AT | £3,607 | 61 | 2 | Flat | |
£250K | 11/23 | 0.64 mi | Flat 25, Sackville Place, Bombay Street, Manchester, Greater Manchester M1 7AT | - | - | 2 | Flat | |
£213K | 03/21 | 0.64 mi | Flat 51, Sackville Place, Bombay Street, Manchester, Greater Manchester M1 7AT | - | - | 2 | Flat | |
£220K | 12/22 | 0.67 mi | Apartment 39, Venice Court, Samuel Ogden Street, Manchester, Greater Manchester M1 7AX | - | - | 2 | Flat | |
£207.5K | 12/20 | 0.69 mi | Flat 21, Granby House, Granby Row, Manchester, Greater Manchester M1 7AR | - | - | 2 | Flat | |
£203K | 02/23 | 0.69 mi | Flat 31, Granby House, Granby Row, Manchester, Greater Manchester M1 7AR | - | - | 2 | Flat | |
£234K | 06/21 | 0.83 mi | Apartment 381, Block 7 Spectrum, Blackfriars Road, Salford, Greater Manchester M3 7BY | - | - | 2 | Flat | |
£150K | 09/23 | 0.87 mi | Apartment 219, Quebec Building, Bury Street, Salford, Greater Manchester M3 7DY | - | - | 2 | Flat | |
£150K | 05/23 | 0.92 mi | 12, Twillbrook Drive, Salford, Greater Manchester M3 7AR | £2,846 | 53 | 2 | Flat | |
£140K | 11/20 | 0.92 mi | 12, Twillbrook Drive, Salford, Greater Manchester M3 7AR | £2,656 | 53 | 2 | Flat | |
£130K | 02/21 | 0.94 mi | 11, Georgette Drive, Salford, Greater Manchester M3 7AF | £2,549 | 51 | 2 | Flat | |
£150K | 08/21 | 0.94 mi | 1, Georgette Drive, Salford, Greater Manchester M3 7AF | £2,703 | 55 | 2 | Flat | |
£178K | 09/21 | 0.95 mi | 36, Bridgewater Street, Salford, Greater Manchester M3 7AS | £3,787 | 47 | 2 | Flat | |
£170K | 03/21 | 0.96 mi | 10, Hursthead Walk, Manchester, Greater Manchester M13 9UT | £2,394 | 71 | 2 | Flat | |
£170K | 09/21 | 0.99 mi | Flat 12, Model Lodging House, Bloom Street, Salford, Greater Manchester M3 6AJ | - | - | 2 | Flat | |
£330K | 12/22 | 0.99 mi | Flat 36, Model Lodging House, Bloom Street, Salford, Greater Manchester M3 6AJ | - | - | 2 | Flat |
Local Rents
51 rents from £730/mo to £2.5K/mo, average is £1.5K/mo.
Rent | Date | Distance | Address | Beds | Type | |
£1,500 | 02/24 | 0.01 mi | - | 2 | Flat | |
£1,800 | 06/24 | 0.01 mi | - | 2 | Flat | |
£1,800 | 06/24 | 0.01 mi | Luna Street, Manchester, M4 | 2 | Flat | |
£2,000 | 04/25 | 0.01 mi | - | 2 | Semi-Detached House | |
£1,800 | 05/24 | 0.02 mi | Henry Street, Manchester | 2 | Flat | |
£1,350 | 05/24 | 0.03 mi | - | 2 | Flat | |
£1,225 | 05/24 | 0.03 mi | Express Networks 3, 6 Oldham Road | 2 | Flat | |
£1,225 | 05/24 | 0.03 mi | Express Networks, 6 Oldham Road | 2 | Flat | |
£1,300 | 06/24 | 0.03 mi | Connect House, 1 Henry Street, Manchester, M4 | 2 | Flat | |
£1,295 | 05/24 | 0.03 mi | Derros Buildings, 2 George Leigh Street | 2 | Flat | |
£1,100 | 05/24 | 0.03 mi | Apartment 402 6 Oldham Road, Manchester, M4 | 2 | Flat | |
£1,250 | 06/24 | 0.03 mi | Express Networks 3, 6 Oldham Road, Manchester, M4 | 2 | Flat | |
£730 | 02/24 | 0.03 mi | - | 2 | Flat | |
£1,800 | 04/25 | 0.03 mi | - | 2 | Flat | |
£1,500 | 04/25 | 0.03 mi | - | 2 | Flat | |
£1,495 | 12/24 | 0.04 mi | - | 2 | Flat | |
£1,195 | 06/24 | 0.04 mi | Hudson Building, 29 - 37 Great Ancoats Street, Ancoats, Manchester, M4 5AE | 2 | Flat | |
£1,195 | 06/24 | 0.04 mi | Hudson Building, 29 - 37 Great Ancoats Street, Ancoats, Manchester, M4 5AE | 2 | Flat | |
£1,075 | 05/24 | 0.04 mi | Hudson Building, Ancoats, M4 | 2 | Flat | |
£1,300 | 04/25 | 0.05 mi | - | 2 | Flat | |
£1,100 | 03/25 | 0.05 mi | - | 2 | Flat | |
£1,700 | 05/24 | 0.06 mi | Cotton Street, Ancoats | 2 | Flat | |
£1,475 | 05/24 | 0.06 mi | Blossom Street, Manchester, Greater Manchester, M4 | 2 | Flat | |
£1,850 | 06/24 | 0.06 mi | Alumni Court, 1 Cotton Street, Manchester, M4 | 2 | Flat | |
£1,695 | 06/24 | 0.06 mi | Burton Building, 90-94 Oldham Street, Northern Quarter, Manchester, M4 1LJ | 2 | Flat | |
£1,772 | 05/24 | 0.06 mi | Henry Street, Manchester, Greater Manchester, M4 | 2 | Flat | |
£1,798 | 05/24 | 0.06 mi | Henry Street, Manchester, Greater Manchester, M4 | 2 | Flat | |
£1,570 | 03/24 | 0.07 mi | Blossom Street, Manchester, Greater Manchester, M4 | 2 | Flat | |
£1,599 | 03/24 | 0.07 mi | Blossom Street, Manchester, Greater Manchester, M4 | 2 | Flat | |
£1,566 | 03/24 | 0.07 mi | Blossom Street, Manchester, Greater Manchester, M4 | 2 | Flat | |
£1,612 | 05/24 | 0.07 mi | Blossom Street, Manchester, Greater Manchester, M4 | 2 | Flat | |
£1,550 | 06/24 | 0.07 mi | Blossom Street, Manchester, Greater Manchester, M4 | 2 | Flat | |
£1,550 | 05/24 | 0.07 mi | Broadside, Oldham Road, M4 | 2 | Flat | |
£1,560 | 05/24 | 0.07 mi | 2 Addington Street, Manchester, Greater Manchester, M4 | 2 | Flat | |
£1,640 | 03/24 | 0.07 mi | Poplin 2 Addington Street, Manchester, Greater Manchester, M4 | 2 | Flat | |
£1,605 | 05/24 | 0.07 mi | Apt 13, Addington Street, Manchester, Greater Manchester, M4 | 2 | Flat | |
£1,620 | 05/24 | 0.07 mi | Apt 40, Addington Street, Manchester, Greater Manchester, M4 | 2 | Flat | |
£1,720 | 06/24 | 0.07 mi | Apt103, 2 Addington Street | 2 | Flat | |
£1,625 | 12/24 | 0.07 mi | Apt04, Addington Street, Manchester, Greater Manchester, M4 | 2 | Flat | |
£1,500 | 01/25 | 0.07 mi | 00113, 2 Addington Street, Manchester, Greater Manchester, M4 | 2 | Flat | |
£2,500 | 05/24 | 0.07 mi | Manchester, M4 | 2 | Flat | |
£2,500 | 05/24 | 0.07 mi | Manchester, M4 | 2 | Flat | |
£1,500 | 05/24 | 0.07 mi | Broadside, Oldham Road M4 | 2 | Flat | |
£1,450 | 03/24 | 0.07 mi | Broadside, Oldham Road, M4 | 2 | Flat | |
£1,575 | 03/24 | 0.08 mi | Broadside, Oldham Road M4 | 2 | Flat | |
£1,175 | 05/24 | 0.08 mi | Anita Street, Manchester, M4 5DU | 2 | Flat | |
£1,400 | 05/24 | 0.08 mi | Loom Street, Manchester, Greater Manchester, M4 | 2 | Flat | |
£1,425 | 03/24 | 0.08 mi | Broadside, Manchester, M4 | 2 | Flat | |
£1,450 | 06/24 | 0.08 mi | Broadside, Manchester, M4 | 2 | Flat | |
£1,425 | 06/24 | 0.08 mi | Broadside, Manchester, M4 | 2 | Flat | |
£1,500 | 02/25 | 0.08 mi | - | 2 | Flat |
Local Area Statistics
Population in M4 | 10,60010,600 |
Population in Manchester | 920,095920,095 |
Town centre distance | 2.17 miles away2.17 miles away |
Nearest school | 0.30 miles away0.30 miles away |
Nearest train station | 0.37 miles away0.37 miles away |
| |
Rental demand | Landlord's marketLandlord's market |
Rental growth (12m) | +33%+33% |
Sales demand | Buyer's marketBuyer's market |
Capital growth (5yrs) | +3%+3% |
Property History
Listed for £175,000
August 1, 2024
Floor Plans

Description
- BEING SOLD BY GOTO ONLINE AUCTION +
- BUY-IT-NOW OPTION AVAILABLE +
- BUYER's FEES APPLY +
- TWO BED DUPLEX APARTMENT OVER TWO FLOORS +
- SET IN HEART OF THE EVER POPUAR ANCOATS +
- MODERN & CONTEMPORARY INTERIOR THROUGHOUT +
- TWO DOUBLE BEDROOMS, BATHROOM & WET ROOM +
- LOCATED IN THE GRADE II LISTED BUILDING +
- NO VENDOR CHAIN +
The Property
BEAUTIFULLY PRESENTED TWO BEDROOM DUPLEX APARTMENT OVER TWO FLOORS * IDEAL FOR FIRST TIME BUYERS, YOUNG PROFESSIONALS & BUY TO LET LANDLORDS LOOKING FOR A GOOD RETURN * WALKING DISTANCE TO THE NORTHERN QUARTER AND ANCOATS WITH AN ARRAY OF SHOPS, BARS, RESTAURANTS, SUPERMARKETS & GENERAL LOCAL AMENITIES THAT A CITY CENTRE APARTMENT HAS TO OFFER * NEW ISLINGTON, PICCADILLY TRAM STOPS & MANCHESTER PICCADILLY TRAIN STATION ALL UNDER HALF A MILE FROM THE PROPERTY * EARLY & INTERNAL VIEWING HIGHLY RECOMMENDED ON THIS MOVE IN READY PROPERTY * EWS1 CERTIFIED * NO CHAIN ***
Lease info: 250 years (less 3 days) from 1 January 2000
Material information:
The information above has been provided by the vendor, agent and GOTO Group and may not be accurate. Please refer to the property’s Legal Pack. (You can download this once you have registered your interest against the property). This pack provides material information which will help you make an informed decision before proceeding. It may not yet include everything you need to know so please make sure you do your own due diligence as well.
Communal Entrance
Intercom entry system into building with lifts and stairs to all floors.
Entrance Hall
Open Plan Living
Study
Bathroom
Wet Room
Bedroom One
Bedroom Two
Property Description
Being Sold by GOTO Online Auction
Starting Bids from £200,000
Buy it now option available
Please call or visit Purplebricks Online Auctions for more information.
This property is for sale by Online Auction. The Online Modern Method of Auction is a flexible buyer friendly method of purchase. The purchaser will have 56 working days to exchange and complete once the draft contract has been received by the buyer’s solicitor (or 10 working days after receipt of the buyer’s premium, whichever is earlier). Allowing the additional time to exchange and complete on the property means interested parties can proceed with traditional residential finance. Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer will be required to put down a non-refundable reservation fee called a Buyer’s Premium. This secures the transaction and takes the property off the market. The buyer will be required to agree to our terms and conditions prior to solicitors being instructed. Copies of the Reservation form and all terms and conditions can be found on the online Auction website or requested from our Auction Department.
Please note this property is subject to an undisclosed Reserve Price which is typically no more than 10% in excess of the Starting Bid. Both the Starting Bid and Reserve Price can be subject to change. Our primary duty of care is to the vendor. Terms and conditions apply to the Modern Method of Auction, which is operated by GOTO Auctions.
To book a viewing visit Purplebricks.
General Information
Auctioneer's Comments
This property is for sale by Online Auction which is a flexible and buyer friendly method of purchase. The purchaser will not be exchanging contracts on the fall of the virtual hammer but will be given 56 working days in which to complete the transaction, from the date the Draft Contract is issued by the seller’s solicitor. By giving a buyer time to exchange contracts on the property, means normal residential finance can be arranged.
The Buyer’s Premium secures the transaction and takes the property off the market. Fees paid to the Auctioneer reserve the property to the buyer during the Reservation Period and are paid in addition to the purchase price and are considered within calculations for Stamp Duty Land Tax. Further clarification on this must be sought from your legal representative. The buyer will be required to sign a Reservation form to confirm acceptance of terms prior to solicitors being instructed. Copies of the Reservation form and all terms and conditions can be found in the Legal Pack which can be downloaded for free from our website or requested from our Auction Department.
Buyer Fees
• Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer will be required to make payment of a non-refundable Buyer’s Premium of 3.6% of the purchase price including VAT (this is subject to a minimum amount of £6,600 including VAT) and a Legal Pack fee of £372 including VAT. This secures the transaction and takes the property off the market.
• Stamp Duty Land Tax (SDLT) is applicable if you buy a property or land over a certain price in England, Wales or Northern Ireland.
Property ownership information
Ground rent review period: No review period
Service charge review period: No review period
Lease end date: 31/12/2249
Property Description Disclaimer
This is a general description of the property only, and is not intended to constitute part of an offer or contract. It has been verified by the seller(s), unless marked as 'draft'. Purplebricks conducts some valuations online and some of our customers prepare their own property descriptions, so if you decide to proceed with a viewing or an offer, please note this information may have been provided solely by the vendor, and we may not have been able to visit the property to confirm it. If you require clarification on any point then please contact us, especially if you’re traveling some distance to view. All information should be checked by your solicitor prior to exchange of contracts. Successful buyers will be required to complete anti-money laundering checks. Our partner, Lifetime Legal Limited, will carry out the initial checks on our behalf. The current non-refundable cost is £80 inc. VAT per offer. You’ll need to pay this to Lifetime Legal and complete all checks before we can issue a memorandum of sale. The cost includes obtaining relevant data and any manual checks and monitoring which might be required, and includes a range of benefits. Purplebricks will receive some of the fee taken by Lifetime Legal to compensate for its role in providing these checks.
Similar Properties
Like this property? Maybe you'll like these ones close by too.
2 Bed Flat, Single Let, Manchester, M4 5DB
£170,000
4 views • a month ago • 68 m²
2 Bed Flat, Single Let, Manchester, M4 5DA
£300,000
2 views • a month ago • 112 m²
2 Bed Flat, Single Let, Manchester, M4 5DB
£140,000
4 months ago • 61 m²
2 Bed Flat, Single Let, Manchester, M4 5DA
£230,000
3 views • 3 months ago • 68 m²