dealsourcr

2 Bed Flat, Single Let, Manchester, M11 4AF, £150,000

The Waterfront, Openshaw, Manchester, Greater Manchester, M11 4AF - 2 views - 8 months ago

Sold STC
Leasehold
BTL
ROI: 8%
~68 m²
+8 photos

ValuationOvervalued

Sold Prices£53K - £487K
Sold Prices/m²£778/m² - £4.2K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.2K/m²

Value Estimate

£143,889

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£37,500

Stamp Duty & Legal Fees

£5,700

Total Cash In

£43,200

 

 

Cash Out

 

Rent Range

£875 - £2,700

Rent Estimate

£950

Running Costs/mo

£679

Cashflow/mo

£271

Cashflow/yr

£3,255

ROI

8%

Gross Yield

8%

Local Sold Prices

33 sold prices from £53K to £487K, average is £156K. £778/m² to £4.2K/m², average is £2.3K/m².

PriceDateDistanceAddressBeds 
£220K01/241.09 miBlock D, Apartment 59, Pollard Street, Manchester, Greater Manchester M4 7AT2
£80K09/231.2 miFlat 12, Hayden Court, Sedgeford Road, Manchester, Greater Manchester M40 8QW2
£59.5K05/211.21 mi5, Crosby Road, Manchester, Greater Manchester M40 1QB2
£85K12/231.21 mi67, Gorton Lane, Manchester, Greater Manchester M12 5WF2
£270K05/231.29 mi17, William Jessop Court, Manchester, Greater Manchester M1 2NE2
£270K03/211.3 mi4, John Smeaton Court, Manchester, Greater Manchester M1 2NR2
£105K07/221.31 mi250a, Manor Road, Droylsden, Manchester, Greater Manchester M43 6JD2
£160K12/211.34 mi16, Kent Avenue, Droylsden, Manchester, Greater Manchester M43 6BW2
£257K10/211.36 miFlat 50, M M2 Apartments, Pickford Street, Manchester, Greater Manchester M4 5BS2
£107K07/211.49 mi79, Crammond Close, Manchester, Greater Manchester M40 1PL2
£86.5K12/201.49 mi73, Crammond Close, Manchester, Greater Manchester M40 1PL2
£140K06/211.52 mi396, Greenside Lane, Droylsden, Manchester, Greater Manchester M43 7RZ2
£53K11/201.53 mi8, Ketton Close, Manchester, Greater Manchester M11 1NA2
£130K09/231.53 mi36, Tinningham Close, Manchester, Greater Manchester M11 1NB2
£150K03/211.57 mi11, Faversham Street, Manchester, Greater Manchester M40 5AR2
£487K03/231.57 mi11, Marshall Street, Manchester, Greater Manchester M4 5FU2
£160K08/211.72 mi11, Old Farm Crescent, Droylsden, Manchester, Greater Manchester M43 6EU2
£160K03/231.73 mi22, Devonshire Street South, Manchester, Greater Manchester M13 9HA2
£170K03/211.75 mi10, Hursthead Walk, Manchester, Greater Manchester M13 9UT2
£70K02/211.76 mi2, Edale Avenue, Manchester, Greater Manchester M40 9HU2
£215K07/211.77 mi5, Lindrick Close, Manchester, Greater Manchester M40 3WB2
£250K11/231.79 miFlat 25, Sackville Place, Bombay Street, Manchester, Greater Manchester M1 7AT2
£213K03/211.79 miFlat 51, Sackville Place, Bombay Street, Manchester, Greater Manchester M1 7AT2
£120K05/241.79 mi9, Mount Road, Manchester, Greater Manchester M18 7BG2
£207.5K12/201.8 miFlat 21, Granby House, Granby Row, Manchester, Greater Manchester M1 7AR2
£203K02/231.8 miFlat 31, Granby House, Granby Row, Manchester, Greater Manchester M1 7AR2
£220K12/221.85 miApartment 39, Venice Court, Samuel Ogden Street, Manchester, Greater Manchester M1 7AX2
£180K10/201.85 miApartment 30, Venice Court, Samuel Ogden Street, Manchester, Greater Manchester M1 7AX2
£95K10/201.88 mi108, Stanley Grove, Manchester, Greater Manchester M12 5GF2
£130K04/211.91 mi18, Lock Keepers Court, Droylsden, Manchester, Greater Manchester M43 6GG2
£130K09/211.93 mi65, Abbeydale Road, Manchester, Greater Manchester M40 0AJ2
£156K02/221.96 mi16, Clapham Street, Manchester, Greater Manchester M40 0BA2
£115K01/221.99 mi11, Mitchells Quay, Failsworth, Manchester, Greater Manchester M35 0QD2

Local Rents

47 rents from £875/mo to £2.7K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,10005/240.01 mi2 The Waterfront, Sports City, Openshaw, Manchester, M112
£1,15005/240.01 mi2 The Waterfront, Sports City, Openshaw, Manchester, M112
£1,10005/240.01 miThe Waterfront, Openshaw, Manchester, M112
£2,70012/240.03 mi-2
£2,10001/250.03 mi-2
£1,10012/240.04 mi-2
£1,10006/240.04 miThe Drum, Stillwater Drive, M112
£95012/240.05 mi-2
£1,05006/240.05 miStillwater Drive, 5 Stillwater Drive, Manchester2
£1,05006/240.05 miStillwater Drive, Sports City, Macnhester, M112
£1,20001/240.06 mi-2
£1,10003/250.06 mi-2
£95005/240.06 miStillwater Drive, Sports City, Manchester, M112
£1,00005/240.06 miThe Waterfront, Manchester, M112
£95005/240.07 mi5 Stillwater Drive, Openshaw, Sports City, Manchester, M112
£97505/240.07 mi5 Stillwater Drive, Sports City, Openshaw, Manchester, M112
£97505/240.08 miStillwater Drive, SportCity, Manchester, M112
£97506/240.08 mi1 Stillwater Drive, Openshaw, Sports City, Manchester, M112
£1,25012/240.09 mi-2
£1,00005/240.09 miStillwater Drive, Stillwater Drive, Manchester, M112
£1,00006/240.09 miStillwater Drive, Stillwater Drive, Manchester, M112
£92505/240.09 miStillwater Drive,Clayton,Manchester,M11 4TE2
£1,09505/240.09 mi3 Stillwater Drive, Sportcity , Manchester, M11 4TE2
£97506/240.09 mi3 Stillwater Drive, Sports City, Openshaw, Manchester, M112
£95005/240.09 mi3 Stillwater Drive, Sports City, Openshaw, Manchester, M112
£97502/250.09 mi-2
£1,20012/240.09 mi-2
£1,05005/240.09 miThe Drum, 2 Stuart Street, Sport City2
£1,10005/240.1 miApt 10, 2 Stuart Street, Clayton M11 4DQ2
£1,30012/240.1 mi-2
£1,30012/240.1 mi-2
£1,30005/240.1 miWesham Road, Manchester, M112
£1,20003/250.35 mi-2
£1,20002/250.35 mi-2
£87512/240.39 mi-2
£97505/240.41 mi-2
£1,00003/250.41 mi-2
£95001/240.41 mi-2
£1,00008/240.49 miThe Mews, Manchester, M402
£1,15005/240.5 miDarley Street, Manchester, M112
£1,10006/240.53 miSaxon Street, Manchester, M402
£1,10006/240.54 miSaxon Street, Manchester, M402
£1,30008/240.54 miSaxon Street, Manchester, M402
£2,25011/240.57 mi-2
£1,07506/240.58 miPadstow Street, Sports City, Manchester, M402
£1,15008/240.58 miPadstow Street, Sports City, Manchester, M402
£1,40005/240.62 mi-2

Links

Local Area Statistics

Population in M11

20,273

Population in Manchester

920,095

Town centre distance

3.06 miles away

Nearest school

0.30 miles away

Nearest train station

0.79 miles away

 

 

Rental growth (12m)

+112%

Sales demand

Seller's market

Capital growth (5yrs)

+27%

Property History

Listed for £150,000

August 16, 2024

Floor Plans

Description

Ideal for first time buyers and investors!

SOLD WITH NO ONWARD CHAIN!

This third floor two bedroom apartment benefits from great access to The Etihad Stadium, the iconic Manchester Ship Canal, Co-op Live Arena as well as great links to Manchester city centre.

Comprising of two well-proportioned bedrooms. , an open plan living room/kitchen, bathroom and en suite, this apartment presents a great opportunity for first time buyers as well as a keen investor.

Secure car parking included.

Leasehold Expires 30/12/2252
Service Charge - £2,587
Ground Rent - Peppercorn
Council Tax Band C
Management Company Scanlans

Agent Details

Bridgfords, Manchester

0161 524 4219

Next Steps?

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

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