2 Bed Flat, Single Let, Worsley, M28 0ZA, £90,000

Prescott Street, Worsley, Manchester, Greater Manchester, M28 0ZA - 1 views - 8 months ago

Sold STC

Leasehold

BTL

ROI: 14%

~63 m²

+12 photos

ValuationUndervalued

Sold Prices	£78K - £187K
Sold Prices/m²	£1.4K/m² - £3.1K/m²

Square Metres	~63 m²
Price/m²	£1.4K/m²
Value Estimate	£109,800£109,800
BMV	22%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£22,500£22,500
Stamp Duty & Legal Fees	£3,900£3,900
Total Cash In	£26,400£26,400

Cash Out
Rent Range	£750 - £1,200£750 - £1,200
Rent Estimate	£750
Running Costs/mo	£451£451
Cashflow/mo	£299£299
Cashflow/yr	£3,585£3,585
ROI	14%14%
Gross Yield	10%10%

Local Sold Prices

27 sold prices from £78K to £187K, average is £100K. £1.4K/m² to £3.1K/m², average is £1.8K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£81K	07/23	0 mi	Apartment 10, Prescott Court, Prescott Street, Worsley, Manchester, Greater Manchester M28 0ZA	-	-	2	Flat
£86K	12/22	0.01 mi	Apartment 14, Prescott Court, Prescott Street, Worsley, Manchester, Greater Manchester M28 0ZA	-	-	2	Flat
£98K	07/23	0.06 mi	Apartment 4, St Andrews House, Manchester Road East, Little Hulton, Manchester, Greater Manchester M38 9AD	-	-	2	Flat
£150K	10/21	0.29 mi	99, Longshaw Drive, Worsley, Manchester, Greater Manchester M28 0BD	£3,061	49	2	Flat
£100K	07/22	0.33 mi	32, Crestfold, Little Hulton, Manchester, Greater Manchester M38 0BF	£2,041	49	2	Flat
£99K	03/23	0.49 mi	Apartment 2, Hilltop Court, Fereday Street, Worsley, Manchester, Greater Manchester M28 3TG	-	-	2	Flat
£187K	11/22	0.63 mi	8, Egerton Road, Worsley, Manchester, Greater Manchester M28 3JY	£2,634	71	2	Flat
£120K	07/21	0.63 mi	46a, St Georges Crescent, Worsley, Manchester, Greater Manchester M28 3AN	-	-	2	Flat
£120K	07/21	0.63 mi	46a, St Georges Crescent, Worsley, Manchester, Greater Manchester M28 3AN	-	-	2	Flat
£90K	03/23	0.63 mi	48b, St Georges Crescent, Worsley, Manchester, Greater Manchester M28 3AN	£1,607	56	2	Flat
£140K	11/21	0.75 mi	47, Everside Close, Worsley, Manchester, Greater Manchester M28 3EY	-	-	2	Flat
£110K	10/22	0.75 mi	31, Everside Close, Worsley, Manchester, Greater Manchester M28 3EY	-	-	2	Flat
£78K	04/21	0.75 mi	16, Everside Close, Worsley, Manchester, Greater Manchester M28 3EY	£1,472	53	2	Flat
£110K	01/23	0.75 mi	32, Everside Close, Worsley, Manchester, Greater Manchester M28 3EY	-	-	2	Flat
£78K	04/21	0.76 mi	34, Everside Close, Worsley, Manchester, Greater Manchester M28 3EY	£1,444	54	2	Flat
£105K	03/23	0.77 mi	17, Everside Close, Worsley, Manchester, Greater Manchester M28 3EY	£2,030	52	2	Flat
£130K	01/23	0.79 mi	16, Hirst Avenue, Worsley, Manchester, Greater Manchester M28 3QH	-	-	2	Flat
£110K	05/24	0.82 mi	8, Lentworth Drive, Worsley, Manchester, Greater Manchester M28 3EX	£1,833	60	2	Flat
£96K	07/23	0.82 mi	2, Lentworth Drive, Worsley, Manchester, Greater Manchester M28 3EX	£1,811	53	2	Flat
£120K	12/20	0.82 mi	74, Lentworth Drive, Worsley, Manchester, Greater Manchester M28 3EX	£2,264	53	2	Flat
£100K	05/21	0.82 mi	18, Lentworth Drive, Worsley, Manchester, Greater Manchester M28 3EX	£1,795	56	2	Flat
£96K	06/21	0.84 mi	26, Hatherton Court, Worsley, Manchester, Greater Manchester M28 3ER	£1,685	57	2	Flat
£100K	12/21	0.84 mi	20, Hatherton Court, Worsley, Manchester, Greater Manchester M28 3ER	£1,852	54	2	Flat
£90K	12/20	0.84 mi	16, Hatherton Court, Worsley, Manchester, Greater Manchester M28 3ER	£1,737	52	2	Flat
£95K	08/21	0.85 mi	32, Hatherton Court, Worsley, Manchester, Greater Manchester M28 3ER	£1,900	50	2	Flat
£90K	01/23	0.96 mi	48, Springside Avenue, Worsley, Manchester, Greater Manchester M28 3PB	£1,800	50	2	Flat
£80K	01/21	0.99 mi	8, Cawdor Street, Worsley, Manchester, Greater Manchester M28 3HF	-	-	2	Flat

Local Rents

50 rents from £750/mo to £1.2K/mo, average is £950/mo.

Rent	Date	Distance	Address	Beds	Type
£895	09/24	0 mi	-	2	Flat
£995	12/24	0 mi	-	2	Flat
£800	05/24	0.02 mi	Prescott Court, Walkden, Worsley	2	Flat
£900	08/24	0.06 mi	-	2	Terraced House
£900	03/25	0.06 mi	-	2	Terraced House
£950	08/24	0.07 mi	St. Andrews House, Manchester Road East, M38	2	Flat
£950	05/24	0.07 mi	-	2	Flat
£795	08/24	0.07 mi	Manchester Road, Little Hulton, M38	2	Flat
£795	07/23	0.08 mi	-	2	Flat
£850	05/24	0.11 mi	Manchester Road East, Little Hulton, Manchester, M38	2	Flat
£1,000	05/24	0.17 mi	-	2	Flat
£1,100	02/25	0.17 mi	-	2	Flat
£1,000	05/24	0.17 mi	-	2	Flat
£995	05/24	0.18 mi	-	2	Terraced House
£995	04/25	0.23 mi	-	2	Terraced House
£975	03/25	0.25 mi	-	2	Terraced House
£1,100	03/25	0.37 mi	-	2	Bungalow
£900	12/23	0.37 mi	-	2	Bungalow
£995	03/25	0.38 mi	-	2	Bungalow
£1,100	04/24	0.41 mi	-	2	Semi-Detached House
£950	08/23	0.42 mi	-	2	Semi-Detached House
£995	06/24	0.43 mi	Quarrymans View, Worsley, Manchester	2	Terraced House
£875	12/24	0.44 mi	-	2	Semi-Detached House
£925	02/25	0.44 mi	-	2	Semi-Detached House
£995	01/25	0.45 mi	-	2	Terraced House
£900	09/23	0.46 mi	-	2	Terraced House
£995	04/25	0.47 mi	-	2	Flat
£1,200	05/24	0.47 mi	Parsonage Road, Worsley	2	Flat
£985	04/24	0.47 mi	-	2	Terraced House
£1,100	05/24	0.47 mi	Hilton Lane, Worsley, Manchester, M28 3TE	2	Detached House
£900	12/24	0.49 mi	-	2	Terraced House
£995	12/24	0.5 mi	-	2	Flat
£1,000	03/25	0.51 mi	-	2	Terraced House
£1,000	03/25	0.51 mi	-	2	Terraced House
£1,150	01/24	0.51 mi	-	2	Terraced House
£980	11/23	0.52 mi	-	2	Terraced House
£850	09/24	0.52 mi	-	2	Flat
£925	04/25	0.53 mi	-	2	Terraced House
£895	05/24	0.53 mi	Hallview Way, Worsley M28 0BF	2	Terraced House
£875	05/24	0.56 mi	Longley Road, Worsley, Manchester, M28	2	Flat
£950	04/25	0.56 mi	-	2	Flat
£990	04/25	0.56 mi	-	2	Flat
£950	03/25	0.58 mi	-	2	Terraced House
£895	04/25	0.59 mi	-	2	Flat
£950	10/24	0.61 mi	-	2	Terraced House
£775	05/24	0.61 mi	Largo House, Egerton Road, Walkden	2	Flat
£775	06/24	0.61 mi	Largo House, Egerton Road, Walkden	2	Flat
£750	05/24	0.61 mi	Largo House, Walkden	2	Flat
£750	06/24	0.61 mi	Largo House, Walkden	2	Flat
£950	10/24	0.62 mi	-	2	Flat

Local Area Statistics

Population in M28	39,09739,097
Town centre distance	0.97 miles away0.97 miles away
Nearest school	0.30 miles away0.30 miles away
Nearest train station	0.76 miles away0.76 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+15%+15%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+31%+31%

Property History

Listed for £90,000

August 20, 2024

Sold for £82,000

2017

Sold for £70,500

2013

Sold for £130,000

2006

Floor Plans

Description

A truly beautifully presented two double bedroom apartment, with a balcony offering stunning views! The apartment is located on the first floor and is accessed via the electronic security gated car park and then a secure intercom entrance door. Within the apartment are two spacious double bedrooms, a great size contemporary bathroom and a fantastic open plan lounge and modern fitted kitchen. The kitchen offers integrated appliances and the living room offers plenty of space for sofas and a dining table. The balcony offers views of the garden and further afield. Viewings are highly recommended!

Well positioned just off Hilton lane, walking distance to the regular bus services to Manchester, Bolton and surrounding areas along Manchester Road. From this central Walkden location the shops, supermarkets and restaurants at Walkden town centre are within easy reach and there are recreational parks and schools within the vicinity.