2 Bed Flat, Single Let, Manchester, M16 8FT, £130,000

Mayfield Road, MANCHESTER, Lancashire, M16 8FT - 2 views - 7 months ago

Leasehold
BTL
ROI: 7%
~51 m²
+12 photos

ValuationUndervalued

Sold Prices£95.5K - £640K
Sold Prices/m²£1.5K/m² - £3.8K/m²

 

 

Square Metres

~51.30 m²
Price/m²£2.5K/m²

Value Estimate

£137,019
BMV5%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£32,500

Stamp Duty & Legal Fees

£5,100

Total Cash In

£37,600

 

 

Cash Out

 

Rent Range

£795 - £1,460

Rent Estimate

£799

Running Costs/mo

£586

Cashflow/mo

£213

Cashflow/yr

£2,555

ROI

7%

Gross Yield

7%

Local Sold Prices

50 sold prices from £95.5K to £640K, average is £165K. £1.5K/m² to £3.8K/m², average is £2.7K/m².

PriceDateDistanceAddressBeds 
£640K01/240.18 mi26, Stanley Road, Whalley Range, Manchester, Greater Manchester M16 8HS2
£540K02/210.35 mi15, Whalley Road, Manchester, Greater Manchester M16 8AD2
£134K05/210.43 mi12, Plainsfield Street, Manchester, Greater Manchester M16 7HB2
£132K11/230.43 mi18, Plainsfield Street, Manchester, Greater Manchester M16 7HB2
£129.9K04/210.44 mi22, Wilcock Street, Manchester, Greater Manchester M16 7DA2
£160K03/230.44 mi6, Wilcock Street, Manchester, Greater Manchester M16 7DA2
£180K05/230.44 mi32, Abbotside Close, Manchester, Greater Manchester M16 7RP2
£170K12/200.48 mi12, Woodgate Road, Manchester, Greater Manchester M16 8LX2
£154K07/210.48 mi10, Woodgate Road, Manchester, Greater Manchester M16 8LX2
£168K09/210.49 mi32, Holden Avenue, Manchester, Greater Manchester M16 8TA2
£200K03/240.49 mi24, Holden Avenue, Manchester, Greater Manchester M16 8TA2
£170K10/200.49 mi57, Holden Avenue, Manchester, Greater Manchester M16 8TA2
£172.5K08/210.49 mi26, Holden Avenue, Manchester, Greater Manchester M16 8TA2
£180K07/240.49 mi42, Holden Avenue, Manchester, Greater Manchester M16 8TA2
£210K08/230.49 mi18, Holden Avenue, Manchester, Greater Manchester M16 8TA2
£195K06/210.52 mi2, Woodlawn Court, Manchester, Greater Manchester M16 9RH2
£205.5K12/220.54 mi53, Woodlawn Court, Manchester, Greater Manchester M16 9RL2
£187K05/230.55 mi61, Woodlawn Court, Manchester, Greater Manchester M16 9RL2
£199.9K03/210.56 mi48, Woodlawn Court, Manchester, Greater Manchester M16 9RJ2
£137K03/210.62 mi66, Peregrine Street, Manchester, Greater Manchester M15 5PU2
£170K03/230.62 mi21, Betsham Street, Manchester, Greater Manchester M15 5JN2
£135K07/230.62 mi45, St Mary's Street, Hulme, Manchester, Greater Manchester M15 5WB2
£148K03/230.62 mi33, St Mary's Street, Hulme, Manchester, Greater Manchester M15 5WB2
£127.5K12/200.63 mi52, Hulme High Street, Hulme, Manchester, Greater Manchester M15 5JP2
£125K10/200.63 mi98, Hulme High Street, Manchester, Greater Manchester M15 5JP2
£134K04/210.65 mi16, Rook Street, Manchester, Greater Manchester M15 5PS2
£150K12/220.67 mi41, St Mary's Street, Hulme, Manchester, Greater Manchester M15 5WB2
£135K12/230.68 mi12b, Blanchard Street, Manchester, Greater Manchester M15 5PN2
£160K03/230.69 mi98, Bold Street, Hulme, Manchester, Greater Manchester M15 5QH2
£142.5K10/230.7 mi26, Chichester Road South, Hulme, Manchester, Greater Manchester M15 5QQ2
£95.5K01/210.71 mi1, Bold Street, Hulme, Manchester, Greater Manchester M15 5QR2
£159.5K11/220.78 mi75, Drayton Street, Manchester, Greater Manchester M15 5LL2
£144K02/210.78 mi71, Drayton Street, Hulme, Manchester, Greater Manchester M15 5LL2
£144K02/210.78 mi71, Drayton Street, Hulme, Manchester, Greater Manchester M15 5LL2
£134K10/210.8 mi143c, Chorlton Road, Hulme, Manchester, Greater Manchester M15 4JG2
£174K12/230.8 mi159b, Chorlton Road, Manchester, Greater Manchester M15 4JG2
£162K03/230.8 mi24, Bankwell Street, Hulme, Manchester, Greater Manchester M15 5LN2
£180K11/210.85 miFlat 29, Tealby Court, Wilbraham Road, Manchester, Greater Manchester M21 0XB2
£190K06/210.85 miFlat 25, Tealby Court, Wilbraham Road, Manchester, Greater Manchester M21 0XB2
£174K09/210.85 miFlat 19, Tealby Court, Wilbraham Road, Manchester, Greater Manchester M21 0XB2
£215K10/220.85 miFlat 11, Tealby Court, Wilbraham Road, Manchester, Greater Manchester M21 0XB2
£212.5K09/230.85 miFlat 19, Tealby Court, Wilbraham Road, Manchester, Greater Manchester M21 0XB2
£185K04/210.85 miFlat 18, Tealby Court, Wilbraham Road, Manchester, Greater Manchester M21 0XB2
£185K07/210.85 miFlat 12, Tealby Court, Wilbraham Road, Manchester, Greater Manchester M21 0XB2
£185K03/210.85 miFlat 16, Tealby Court, Wilbraham Road, Manchester, Greater Manchester M21 0XB2
£173K01/230.85 miFlat 36, Tealby Court, Wilbraham Road, Manchester, Greater Manchester M21 0XB2
£157.5K05/230.88 mi22, Yew Street, Hulme, Manchester, Greater Manchester M15 5YW2
£142K05/210.89 mi56, Chorlton Road, Manchester, Greater Manchester M15 4AU2
£142K05/210.91 mi56, Chorlton Road, Manchester, Greater Manchester M15 4AU2
£137.5K11/200.91 mi60, Chorlton Road, Hulme, Manchester, Greater Manchester M15 4AU2

Local Rents

50 rents from £795/mo to £1.5K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£99512/240.02 mi-2
£1,05005/240.04 miMayfield Mansions, Whalley Range2
£99502/250.05 mi-2
£1,15005/240.06 miThe Gallery, Range Road, Whalley Range2
£1,35005/240.06 miRange Road, Manchester, Greater Manchester, M162
£1,05006/240.06 mi2 Alness Road, Whalley Range, Manchester, M162
£1,15005/240.08 mi-2
£1,10005/240.08 miAlexandra Road South, Whalley Range2
£1,15005/240.08 miAlexandra Park House, Manchester, M162
£1,25002/240.08 mi-2
£1,05005/240.11 miMayfield Road, Whalley Range2
£1,05006/240.11 miMayfield Road, Whalley Range2
£1,14903/250.12 mi-2
£90005/240.14 miWellington Road, Whalley Range, Manchester. M16 8EX2
£89506/240.14 miRegent Court, 155-157 Withington Road, Manchester, M162
£1,00005/240.14 miFlat 4 31, Wellington Road, Manchester, M162
£1,20012/240.15 mi-2
£79505/240.19 miCordoba Mews, Alexandra Road South, Manchester, Greater Manchester, M162
£99512/240.2 mi-2
£99505/240.2 miStanley Road, Whalley Range, Manchester, M162
£1,20005/240.2 mi-2
£1,20005/240.2 miAlexandra Apartments, Manchester, M162
£1,10005/240.2 miStanley Road, Whalley Range, Manchester2
£89506/240.2 mi159 Withington Road, Manchester, M162
£99506/240.2 mi159 Withington Road, Manchester, M162
£1,00005/240.21 miAlness Road, Holyrood House, Manchester2
£1,37503/250.21 mi-2
£1,19512/240.23 mi-2
£1,40004/250.25 mi-2
£1,05002/250.25 mi-2
£1,25005/240.26 mi48/50 Alexandra Road South, Whalley Range, Manchester. M16 8JA2
£82501/250.28 mi-2
£82504/250.28 mi-2
£95005/240.29 miGreysham Court, Demesne Road, Whalley Range, Manchester, M162
£85006/240.3 mi-2
£85001/250.3 mi-2
£1,29501/250.3 mi-2
£92505/240.31 miFlat 15 Burford Court, 1 Cotterdale Close, Whalley Range2
£1,17505/240.31 miWithington Road, Manchester2
£1,25003/250.32 mi-2
£1,20004/250.32 mi-2
£97501/250.32 mi-2
£97504/250.33 mi-2
£1,10006/240.34 miManley Road, Manley Road, Whalley Range2
£1,33505/240.37 miRoute 1 at The Depot 2
£95012/240.38 mi-2
£1,10002/250.38 mi-2
£1,25005/240.39 mi18 Grosvenor Road, Manchester, M162
£1,00005/240.39 miGrosvenor Road, Whalley Range2
£1,46005/240.4 miHartington Street, Rusholme, Manchester, M142

Local Area Statistics

Population in M16

35,559

Population in Manchester

920,095

Town centre distance

0.25 miles away

Nearest school

0.10 miles away

Nearest train station

0.99 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+36%

Sales demand

Buyer's market

Capital growth (5yrs)

+80%

Property History

Listed for £130,000

September 13, 2024

Floor Plans

Description

TWO DOUBLE BEDROOMED APARTMENT. FIRST FLOOR SET IN A BEAUTIFUL PERIOD CONVERSION, MODERNIZED THROUGHOUT. 17 FOOT OPEN PLAN LOUNGE AND DINING ROOM. GAS CENTRAL HEATING, DOUBLE GLAZING, COMMUNAL GARDENS. GREAT LOCATION CLOSE TO CITY CENTRE/SALFORD QUAYS AND CHORLTON. INTERNAL VIEWING ESSENTIAL!

Set in a sought after location in Whally Range on a quiet leafy road close to Chorlton Borders and with excellent transport links to and from the City Centre and Salford Quays. This spacious first floor apartment comprises of a communal entrance hallway, private entrance hall, 17 foot living room and dining room, two DOUBLE bedrooms, kitchen and bathroom. There is also gas central heating on a combination boiler and double glazing. Externally there are communal gardens to both the front and rear.
We are advised by the Vendor of a Leasehold of 246 Years Remaining, a Ground Rent of £150 Per Annum, and an Annual Service Charge of £1,892.
Viewing is essential to appreciate the size, standard and location of property on offer, please call our sales team to arrange your viewing today!

Agent Details

Bridgfords, Chorlton

0161 524 5067

Next Steps?

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