2 Bed Flat, Single Let, Manchester, M11 4BX, £165,000

The Frame, 2A The Waterfront, Openshaw, Manchester, M11 4BX - 8 months ago

Leasehold

BTL

ROI: 5%

~64 m²

+11 photos

ValuationOvervalued

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

Square Metres	~64 m²
Price/m²	£2.6K/m²
Value Estimate	£147,692£147,692

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£41,250£41,250
Stamp Duty & Legal Fees	£9,450£9,450
Total Cash In	£50,700£50,700

Cash Out
Rent Range	£875 - £2,700£875 - £2,700
Rent Estimate	£950
Running Costs/mo	£726£726
Cashflow/mo	£224£224
Cashflow/yr	£2,693£2,693
ROI	5%5%
Gross Yield	7%7%

Local Sold Prices

32 sold prices from £53K to £487K, average is £153K. £778/m² to £4.2K/m², average is £2.3K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£220K	01/24	1.1 mi	Block D, Apartment 59, Pollard Street, Manchester, Greater Manchester M4 7AT	£3,607	61	2	Flat
£85K	12/23	1.2 mi	67, Gorton Lane, Manchester, Greater Manchester M12 5WF	-	-	2	Flat
£59.5K	05/21	1.2 mi	5, Crosby Road, Manchester, Greater Manchester M40 1QB	£930	64	2	Flat
£80K	09/23	1.22 mi	Flat 12, Hayden Court, Sedgeford Road, Manchester, Greater Manchester M40 8QW	-	-	2	Flat
£105K	07/22	1.29 mi	250a, Manor Road, Droylsden, Manchester, Greater Manchester M43 6JD	£1,650	64	2	Flat
£270K	05/23	1.31 mi	17, William Jessop Court, Manchester, Greater Manchester M1 2NE	£3,462	78	2	Flat
£270K	03/21	1.32 mi	4, John Smeaton Court, Manchester, Greater Manchester M1 2NR	£4,219	64	2	Flat
£160K	12/21	1.32 mi	16, Kent Avenue, Droylsden, Manchester, Greater Manchester M43 6BW	£2,078	77	2	Flat
£257K	10/21	1.38 mi	Flat 50, M M2 Apartments, Pickford Street, Manchester, Greater Manchester M4 5BS	-	-	2	Flat
£107K	07/21	1.48 mi	79, Crammond Close, Manchester, Greater Manchester M40 1PL	£2,147	50	2	Flat
£86.5K	12/20	1.48 mi	73, Crammond Close, Manchester, Greater Manchester M40 1PL	£1,482	58	2	Flat
£140K	06/21	1.5 mi	396, Greenside Lane, Droylsden, Manchester, Greater Manchester M43 7RZ	£2,495	56	2	Flat
£53K	11/20	1.51 mi	8, Ketton Close, Manchester, Greater Manchester M11 1NA	£1,060	50	2	Flat
£130K	09/23	1.51 mi	36, Tinningham Close, Manchester, Greater Manchester M11 1NB	£2,605	50	2	Flat
£150K	03/21	1.57 mi	11, Faversham Street, Manchester, Greater Manchester M40 5AR	£2,308	65	2	Flat
£487K	03/23	1.59 mi	11, Marshall Street, Manchester, Greater Manchester M4 5FU	£3,555	137	2	Flat
£160K	08/21	1.7 mi	11, Old Farm Crescent, Droylsden, Manchester, Greater Manchester M43 6EU	£2,581	62	2	Flat
£160K	03/23	1.74 mi	22, Devonshire Street South, Manchester, Greater Manchester M13 9HA	£2,963	54	2	Flat
£170K	03/21	1.76 mi	10, Hursthead Walk, Manchester, Greater Manchester M13 9UT	£2,394	71	2	Flat
£70K	02/21	1.77 mi	2, Edale Avenue, Manchester, Greater Manchester M40 9HU	£778	90	2	Flat
£215K	07/21	1.77 mi	5, Lindrick Close, Manchester, Greater Manchester M40 3WB	-	-	2	Flat
£120K	05/24	1.78 mi	9, Mount Road, Manchester, Greater Manchester M18 7BG	-	-	2	Flat
£250K	11/23	1.8 mi	Flat 25, Sackville Place, Bombay Street, Manchester, Greater Manchester M1 7AT	-	-	2	Flat
£213K	03/21	1.8 mi	Flat 51, Sackville Place, Bombay Street, Manchester, Greater Manchester M1 7AT	-	-	2	Flat
£207.5K	12/20	1.82 mi	Flat 21, Granby House, Granby Row, Manchester, Greater Manchester M1 7AR	-	-	2	Flat
£203K	02/23	1.82 mi	Flat 31, Granby House, Granby Row, Manchester, Greater Manchester M1 7AR	-	-	2	Flat
£220K	12/22	1.86 mi	Apartment 39, Venice Court, Samuel Ogden Street, Manchester, Greater Manchester M1 7AX	-	-	2	Flat
£95K	10/20	1.88 mi	108, Stanley Grove, Manchester, Greater Manchester M12 5GF	£905	105	2	Flat
£130K	04/21	1.89 mi	18, Lock Keepers Court, Droylsden, Manchester, Greater Manchester M43 6GG	-	-	2	Flat
£130K	09/21	1.93 mi	65, Abbeydale Road, Manchester, Greater Manchester M40 0AJ	-	-	2	Flat
£156K	02/22	1.96 mi	16, Clapham Street, Manchester, Greater Manchester M40 0BA	£2,026	77	2	Flat
£115K	01/22	1.99 mi	11, Mitchells Quay, Failsworth, Manchester, Greater Manchester M35 0QD	-	-	2	Flat

Local Rents

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

Rent	Date	Distance	Address	Beds	Type
£2,700	12/24	0.01 mi	-	2	Flat
£2,100	01/25	0.01 mi	-	2	Flat
£1,100	05/24	0.02 mi	2 The Waterfront, Sports City, Openshaw, Manchester, M11	2	Flat
£1,150	05/24	0.03 mi	2 The Waterfront, Sports City, Openshaw, Manchester, M11	2	Flat
£1,100	05/24	0.03 mi	The Waterfront, Openshaw, Manchester, M11	2	Flat
£1,100	06/24	0.04 mi	The Drum, Stillwater Drive, M11	2	Flat
£950	12/24	0.04 mi	-	2	Flat
£1,050	06/24	0.04 mi	Stillwater Drive, 5 Stillwater Drive, Manchester	2	Flat
£1,050	06/24	0.04 mi	Stillwater Drive, Sports City, Macnhester, M11	2	Flat
£950	05/24	0.05 mi	5 Stillwater Drive, Openshaw, Sports City, Manchester, M11	2	Flat
£975	05/24	0.05 mi	5 Stillwater Drive, Sports City, Openshaw, Manchester, M11	2	Flat
£950	05/24	0.05 mi	Stillwater Drive, Sports City, Manchester, M11	2	Flat
£1,100	12/24	0.06 mi	-	2	Flat
£925	05/24	0.07 mi	Stillwater Drive,Clayton,Manchester,M11 4TE	2	Flat
£975	05/24	0.07 mi	Stillwater Drive, SportCity, Manchester, M11	2	Flat
£975	06/24	0.08 mi	1 Stillwater Drive, Openshaw, Sports City, Manchester, M11	2	Flat
£1,095	05/24	0.08 mi	3 Stillwater Drive, Sportcity , Manchester, M11 4TE	2	Flat
£1,900	04/25	0.08 mi	-	2	Flat
£975	06/24	0.08 mi	3 Stillwater Drive, Sports City, Openshaw, Manchester, M11	2	Flat
£950	05/24	0.08 mi	3 Stillwater Drive, Sports City, Openshaw, Manchester, M11	2	Flat
£1,250	12/24	0.08 mi	-	2	Flat
£1,000	05/24	0.08 mi	Stillwater Drive, Stillwater Drive, Manchester, M11	2	Flat
£1,000	06/24	0.08 mi	Stillwater Drive, Stillwater Drive, Manchester, M11	2	Flat
£1,200	01/24	0.08 mi	-	2	Flat
£1,100	04/25	0.08 mi	-	2	Flat
£1,000	05/24	0.08 mi	The Waterfront, Manchester, M11	2	Flat
£1,300	05/24	0.11 mi	Wesham Road, Manchester, M11	2	Terraced House
£1,300	12/24	0.11 mi	-	2	Terraced House
£1,300	12/24	0.11 mi	-	2	Terraced House
£975	02/25	0.11 mi	-	2	Flat
£1,200	12/24	0.11 mi	-	2	Flat
£1,050	05/24	0.11 mi	The Drum, 2 Stuart Street, Sport City	2	Flat
£1,100	05/24	0.12 mi	Apt 10, 2 Stuart Street, Clayton M11 4DQ	2	Flat
£1,200	03/25	0.33 mi	-	2	Terraced House
£1,200	02/25	0.33 mi	-	2	Terraced House
£875	12/24	0.37 mi	-	2	Terraced House
£975	05/24	0.4 mi	-	2	Terraced House
£1,000	04/25	0.4 mi	-	2	Terraced House
£950	01/24	0.4 mi	-	2	Terraced House
£1,150	05/24	0.51 mi	Darley Street, Manchester, M11	2	Detached House
£1,000	08/24	0.51 mi	The Mews, Manchester, M40	2	Semi-Detached House
£1,100	06/24	0.55 mi	Saxon Street, Manchester, M40	2	Semi-Detached House
£1,100	06/24	0.56 mi	Saxon Street, Manchester, M40	2	Terraced House
£1,300	08/24	0.56 mi	Saxon Street, Manchester, M40	2	House
£2,250	11/24	0.59 mi	-	2	Terraced House
£1,075	06/24	0.6 mi	Padstow Street, Sports City, Manchester, M40	2	Terraced House
£1,150	08/24	0.6 mi	Padstow Street, Sports City, Manchester, M40	2	Terraced House
£1,350	12/24	0.61 mi	-	2	Terraced House
£1,250	01/25	0.61 mi	-	2	Terraced House
£1,400	05/24	0.62 mi	-	2	Semi-Detached House

Local Area Statistics

Population in M11	20,27320,273
Population in Manchester	920,095920,095
Town centre distance	3.07 miles away3.07 miles away
Nearest school	0.30 miles away0.30 miles away
Nearest train station	0.80 miles away0.80 miles away

Rental growth (12m)	+112%+112%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+27%+27%

Property History

Listed for £165,000

August 20, 2024

Floor Plans

Description

EWS1 Form Available +
Canal Facing Apartment +
Secure Parking +
Balcony +
Open Plan Living Area +
Two Double Bedrooms +
Spacious Bathroom Suite +
Fourth Floor +
Next to Co-op Live Arena +
Close to Etihad Campus Metrolink +

EWS1 Form Available - Mortgage Buyers Welcome. The Frame is located in Sports City which is close to both the Co-Op Arena, Etihad Campus Metrolink and Manchester City Centre, as such it provides an ideal investment option or a perfect first time purchase.

This fourth floor canal facing apartment comprises; an entrance hallway, large open plan living room with access to the balcony, fitted kitchen, two double bedrooms and a spacious bathroom suite. Secure Allocated Parking. Offered with No Chain. EPC Rating C.

Agent Details

Thornley Groves, Manchester Southern Gateway

0161 524 4726

Next Steps?

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

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ValuationOvervalued

CashflowsOpen in Analyser

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Local Area Statistics

Property History

Floor Plans

Description

Agent Details

Next Steps?

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