2 Bed Flat, Single Let, Manchester, M14 5LY, £185,000

128 Hadfield Close, Manchester, Greater Manchester, M14 5LY - 8 views - 7 months ago

Sold STC
Leasehold
BTL
ROI: 4%
72 m²
+8 photos

ValuationOvervalued

Sold Prices£95K - £250K
Sold Prices/m²£905/m² - £3K/m²

 

 

Square Metres

72 m²
Price/m²£2.6K/m²

Value Estimate

£168,054

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£46,250

Stamp Duty & Legal Fees

£6,750

Total Cash In

£53,000

 

 

Cash Out

 

Rent Range

£950 - £2,200

Rent Estimate

£950

Running Costs/mo

£788

Cashflow/mo

£162

Cashflow/yr

£1,943

ROI

4%

Gross Yield

6%

Local Sold Prices

34 sold prices from £95K to £250K, average is £159.8K. £905/m² to £3K/m², average is £2.5K/m².

PriceDateDistanceAddressBeds 
£160K02/210 mi14, Hadfield Close, Rusholme, Manchester, Greater Manchester M14 5LY2
£157.5K04/230 mi84, Hadfield Close, Rusholme, Manchester, Greater Manchester M14 5LY2
£175.5K03/230 mi60, Hadfield Close, Rusholme, Manchester, Greater Manchester M14 5LY2
£172K03/230 mi4, Hadfield Close, Rusholme, Manchester, Greater Manchester M14 5LY2
£171K06/230 mi36, Hadfield Close, Rusholme, Manchester, Greater Manchester M14 5LY2
£157.5K08/230 mi92, Hadfield Close, Rusholme, Manchester, Greater Manchester M14 5LY2
£170K01/230 mi90, Hadfield Close, Rusholme, Manchester, Greater Manchester M14 5LY2
£172.5K12/220.01 mi62, Hadfield Close, Rusholme, Manchester, Greater Manchester M14 5LY2
£146.5K12/200.22 miApartment 30, Ellerslie Court, Upper Park Road, Manchester, Greater Manchester M14 5RH2
£160K02/210.22 miApartment 6, Ellerslie Court, Upper Park Road, Manchester, Greater Manchester M14 5RH2
£175K12/200.22 miApartment 7, Ellerslie Court, Upper Park Road, Manchester, Greater Manchester M14 5RH2
£180K07/210.23 miFlat 5, Ashburne House, Oxford Place, Manchester, Greater Manchester M14 5SF2
£158K10/200.23 miFlat 1, Ashburne House, Oxford Place, Manchester, Greater Manchester M14 5SF2
£139K09/210.25 miFlat 14, Egerton Court, Upper Park Road, Manchester, Greater Manchester M14 5SL2
£250K12/220.39 miFlat 56, Appleby Lodge, Wilmslow Road, Manchester, Greater Manchester M14 6HY2
£165K05/210.4 miFlat 95, Appleby Lodge, Wilmslow Road, Manchester, Greater Manchester M14 6HG2
£203K12/220.43 miFlat 68, Thorne House, Wilmslow Road, Manchester, Greater Manchester M14 6DW2
£155K10/210.44 miFlat 65, Thorne House, Wilmslow Road, Manchester, Greater Manchester M14 6DW2
£125K06/230.44 miFlat 12, Thorne House, Wilmslow Road, Manchester, Greater Manchester M14 6DW2
£168.8K11/220.44 miFlat 26, Thorne House, Wilmslow Road, Manchester, Greater Manchester M14 6DW2
£187.5K12/220.44 miFlat 18, Thorne House, Wilmslow Road, Manchester, Greater Manchester M14 6DW2
£185K12/220.47 miFlat 46, Thorne House, Wilmslow Road, Manchester, Greater Manchester M14 6DW2
£160K03/230.69 mi22, Devonshire Street South, Manchester, Greater Manchester M13 9HA2
£135K02/230.86 mi19, Bucklow Avenue, Manchester, Greater Manchester M14 7AR2
£159.5K12/230.88 mi14, Bucklow Avenue, Manchester, Greater Manchester M14 7AR2
£131K12/200.88 mi14, Bucklow Avenue, Manchester, Greater Manchester M14 7AR2
£147K09/210.94 mi66, Chervil Close, Manchester, Greater Manchester M14 7DP2
£162K08/230.94 mi66, Chervil Close, Manchester, Greater Manchester M14 7DP2
£149.9K06/230.94 mi10, Chervil Close, Manchester, Greater Manchester M14 7DP2
£131K05/210.94 mi74, Chervil Close, Manchester, Greater Manchester M14 7DP2
£95K10/200.95 mi108, Stanley Grove, Manchester, Greater Manchester M12 5GF2
£130K03/230.95 miFlat 4, Park Lodge, Park Avenue, Levenshulme, Manchester, Greater Manchester M19 2EE2
£123K03/230.98 miFlat 28, Warwick House, Central Avenue, Manchester, Greater Manchester M19 2FF2
£135K04/220.98 miFlat 36, Warwick House, Central Avenue, Manchester, Greater Manchester M19 2FF2

Local Rents

50 rents from £950/mo to £2.2K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,20005/240 miHadfield Close, Fallowfield, Manchester, M142
£1,40005/240 miManchester , M142
£1,20005/240.05 miSchuster Road, Victoria Park, M142
£1,25005/240.08 miSchuster Road, Manchester, Greater Manchester, M142
£1,20003/250.11 mi-2
£2,20003/250.11 mi-2
£1,05006/240.11 miFitzwilliam Court, Anson Road, Victoria Park, Manchester, M142
£1,35003/250.12 mi-2
£1,25003/250.16 mi-2
£1,10002/240.16 mi-2
£1,45012/240.16 mi-2
£1,20002/250.16 mi-2
£1,10001/250.16 mi-2
£1,00005/240.17 miHope Road, Manchester, M142
£1,00005/240.17 miHope Road, Manchester, M142
£1,30005/240.18 mi-2
£1,30005/240.18 mi-2
£1,30002/250.18 mi-2
£1,35005/240.19 mi-2
£1,35003/250.19 mi-2
£1,20003/250.2 mi-2
£1,31705/240.21 miBirchfields Road, Victoria Park, Manchester2
£1,15005/240.22 miUpper Park Road, Manchester, Greater Manchester, M142
£1,30005/240.22 miEllerslie Court, Upper Park Road, M142
£1,08305/240.23 miBirchfields Road, Rusholme, Manchester, M132
£99506/240.23 mi-2
£99505/240.23 miNew Carfax Court, Manchester, M142
£1,10005/240.23 miAshburne House, Rusholme, M142
£1,20005/240.24 mi-2
£95003/250.27 mi-2
£95005/240.27 mi-2
£95003/250.28 mi-2
£1,10006/240.29 mi-2
£1,29506/240.29 miDaisy Bank Road, Victoria Park, Manchester2
£1,00005/240.3 miWilmslow Road, Rusholme, Manchester, M142
£95005/240.31 miBrighton Grove, Manchester, Greater Manchester, M142
£95005/240.31 miBrighton Grove, Manchester, Greater Manchester, M142
£95003/240.31 miBrighton Grove, Manchester, Greater Manchester, M142
£95005/240.31 miBrighton Grove, Manchester, Greater Manchester, M142
£1,15012/240.31 miDickenson Road, Manchester, M132
£1,15006/240.31 mi-2
£1,15006/240.31 miDickenson Road, Manchester, M132
£95003/240.32 miBrighton Grove Manchester, M142
£1,50005/240.32 miWilmslow Road, Manchester, Greater Manchester, M142
£1,20005/240.32 miFairfield Court, Manchester, M142
£1,20006/240.32 miFairfield Court, Manchester, M142
£1,20012/240.32 mi-2
£1,00005/240.32 miBankfield Avenue, Longsight, Manchester, M132
£1,20005/240.33 mi-2
£1,20005/240.33 miBrighton Grove, Manchester, M142

Local Area Statistics

Population in M14

52,853

Population in Manchester

920,095

Town centre distance

1.43 miles away

Nearest school

0.40 miles away

Nearest train station

1.15 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

-42%

Sales demand

Seller's market

Capital growth (5yrs)

+49%

Property History

Listed for £185,000

September 11, 2024

Sold for £139,950

2002

Floor Plans

Description

  • Let for £1256pcm +
  • Yield of over 8% +
  • Car park space included +
  • Let until June 2025 +
  • Fantastic transport links +
  • Close to MRI and the Universities +

Nicholas Humphreys are delighted to bring this second floor apartment to the market. The property is let on a furnished basis for £1256.66pcm  excluding utility bills (from 1st July for 12 months) and includes a parking space. The property is located just off Anson Road with great transport links to the City Centre and South Manchester, and is also walking distance to the MRI and the Manchester Universities.  The apartment briefly comprises of   Entrance Hallway with doors leading to the bathroom, store cupboard, both of the bedrooms and the living room. To the main bathroom there is a bath with a shower over it, a W/C and basin. The large open plan kitchen/diner/living room looks out to the front of the building and has a further window above the sink bringing in even more natural light. There are two double bedrooms, one of which has an en suite shower room and a study/dressing room also with a window looking out to the front of the building.   The vendor has informed us that the service charge is £998.14 every 6 months.(£166.36pcm), and the Ground Rent is £159.15 per year. REFERRAL ARRANGEMENT NOTE
Nicholas Humphreys Estate Agents will sometimes refer sellers (and will offer to refer buyers) to Hargeaves Gilman, Altium Law & Simply Conveyancing for conveyancing services. It is your decision as to whether or not you choose to deal with these conveyancers. Should you decide to use the conveyancers named above, you should know that Nicholas Humphreys Estate Agents would receive a referral fee of up to £240 including VAT from them, for recommending you to them.
Nicholas Humphreys Estate Agents will sometimes refer buyers to East Cheshire Mortgages and The Mortgage Advisor for mortgage services. . It is your decision as to whether or not you choose to deal with these mortgage brokers. Should you decide to use the broker named above, you should know that Nicholas Humphreys Estate Agents would receive a referral fee of up to £250 from them, for recommending you to them.
Nicholas Humphreys Estate Agents will sometimes refer buyers to Countrywide Surveyors. It is your decision as to whether or not you choose to deal with this company. Should you decide to use the surveyor named above, you should know that Nicholas Humphreys Estate Agents would receive a referral fee of £100 from them, for recommending you to them. EPC rating: C. Tenure: Leasehold,

Agent Details

Nicholas Humphreys, Manchester

0161 524 3540

Next Steps?

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