2 Bed Flat, Single Let, Manchester, M22 1PW, £140,000

105 Hilary Road, Manchester, Greater Manchester, M22 1PW - 5 views - 7 months ago

Sold STC
BTL
ROI: 9%
~68 m²
+13 photos

ValuationUndervalued

Sold Prices£86.5K - £285K
Sold Prices/m²£1.5K/m² - £3.5K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.1K/m²

Value Estimate

£148,835
BMV6%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£35,000

Stamp Duty & Legal Fees

£5,400

Total Cash In

£40,400

 

 

Cash Out

 

Rent Range

£900 - £1,300

Rent Estimate

£950

Running Costs/mo

£648

Cashflow/mo

£303

Cashflow/yr

£3,630

ROI

9%

Gross Yield

8%

Local Sold Prices

47 sold prices from £86.5K to £285K, average is £142K. £1.5K/m² to £3.5K/m², average is £2.3K/m².

PriceDateDistanceAddressBeds 
£116K03/210.46 mi87, Cornishway, Manchester, Greater Manchester M22 1PA2
£133.5K08/210.49 mi10, Barrowfield Road, Manchester, Greater Manchester M22 1RT2
£110K09/230.51 mi104, Cotefield Road, Manchester, Greater Manchester M22 1UG2
£185K03/240.52 mi11, Brayford Road, Manchester, Greater Manchester M22 0NS2
£125K08/210.52 mi1, Ravenscar Crescent, Manchester, Greater Manchester M22 0HZ2
£120K10/210.55 mi32, Beamsley Drive, Manchester, Greater Manchester M22 1TZ2
£150K01/230.55 mi25, Chatcombe Road, Manchester, Greater Manchester M22 1RQ2
£86.5K12/200.55 mi53, Longhope Road, Manchester, Greater Manchester M22 1UP2
£118K11/220.55 mi21, Longhope Road, Manchester, Greater Manchester M22 1UP2
£158K08/230.58 mi2, Knowe Avenue, Manchester, Greater Manchester M22 0FG2
£147K12/220.75 mi1, Foxton Walk, Manchester, Greater Manchester M23 2YE2
£150K11/230.76 mi13, Flaxwood Walk, Manchester, Greater Manchester M22 9RW2
£140K02/230.82 mi36, Rowarth Road, Manchester, Greater Manchester M23 2UP2
£110K05/230.86 mi18, Ardmore Walk, Manchester, Greater Manchester M22 5QG2
£131K11/200.86 mi16, Ardmore Walk, Manchester, Greater Manchester M22 5QG2
£137.5K05/230.86 mi20, Ardmore Walk, Manchester, Greater Manchester M22 5QG2
£97K05/231.02 mi41, Calve Croft Road, Manchester, Greater Manchester M22 5FY2
£135K09/231.32 mi48, Studland Road, Manchester, Greater Manchester M22 5AN2
£142K09/221.39 mi17, Portslade Walk, Manchester, Greater Manchester M23 2RQ2
£146K12/221.44 mi2, Bude Walk, Manchester, Greater Manchester M23 1PG2
£130K06/211.5 mi16, Avebury Road, Manchester, Greater Manchester M23 2GE2
£150K02/231.64 mi4, Fenside Road, Manchester, Greater Manchester M22 4WZ2
£160K12/221.65 mi52, Starling Close, Sharston, Manchester, Greater Manchester M22 4XS2
£170K10/221.66 mi42, Starling Close, Manchester, Greater Manchester M22 4XS2
£139.9K10/211.66 mi102, Starling Close, Sharston, Manchester, Greater Manchester M22 4XS2
£165K07/231.66 mi80, Starling Close, Sharston, Manchester, Greater Manchester M22 4XS2
£166.5K04/231.66 mi46, Starling Close, Sharston, Manchester, Greater Manchester M22 4XS2
£115K02/211.72 mi21, Floatshall Road, Manchester, Greater Manchester M23 1WE2
£165K02/231.75 mi25, Pepper Close, Manchester, Greater Manchester M22 4JZ2
£130K11/201.75 mi21, Pepper Close, Manchester, Greater Manchester M22 4JZ2
£130K05/211.75 mi31, Pepper Close, Manchester, Greater Manchester M22 4JZ2
£250K10/221.77 mi9, Coppice Court, Heald Green, Cheadle, Greater Manchester SK8 3JY2
£207.5K07/231.77 mi6, Coppice Court, Heald Green, Cheadle, Greater Manchester SK8 3JY2
£150K01/231.79 mi32, Floatshall Road, Manchester, Greater Manchester M23 1BX2
£188K03/241.8 mi84, Tarbolton Crescent, Hale, Altrincham, Greater Manchester WA15 8LJ2
£133K10/221.84 mi2, Borth Walk, Manchester, Greater Manchester M23 1EJ2
£142K02/211.87 mi2, Heyland Road, Manchester, Greater Manchester M23 1HE2
£193K01/231.87 miFlat 3, Garden Villas, Outwood Road, Heald Green, Cheadle, Greater Manchester SK8 3LA2
£111K07/211.92 mi80b, Redbrook Road, Timperley, Altrincham, Greater Manchester WA15 7EW2
£130K09/221.92 mi90, Oakcliffe Road, Manchester, Greater Manchester M23 1DA2
£285K05/211.92 mi15, Oakcliffe Road, Manchester, Greater Manchester M23 1DA2
£139K12/221.92 mi64, Oakcliffe Road, Manchester, Greater Manchester M23 1DA2
£143K11/221.92 mi92, Oakcliffe Road, Manchester, Greater Manchester M23 1DA2
£122.3K10/231.92 mi60, Oakcliffe Road, Manchester, Greater Manchester M23 1DA2
£198.5K02/211.93 miApartment 21, Meadow Court, Wellfield Lane, Hale, Altrincham, Greater Manchester WA15 8LG2
£180K05/231.95 mi48, Roseacre Drive, Heald Green, Cheadle, Greater Manchester SK8 3UP2
£160K05/211.95 mi36, Roseacre Drive, Heald Green, Cheadle, Greater Manchester SK8 3UP2

Local Rents

32 rents from £900/mo to £1.3K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£95004/250.11 mi-2
£1,25005/240.17 miGeorge Mann Close, Manchester2
£1,20012/230.22 mi-2
£1,10009/230.23 mi-2
£1,30005/240.24 miThirlmere Road Wythenshawe Manchester2
£1,20004/250.28 mi-2
£1,25005/240.32 miPortway, Wythenshawe, Manchester, M222
£1,10005/240.35 miUllswater Road, Manchester, Greater Manchester, M222
£1,20005/240.35 miUllswater Road, Wythenshawe, M22 1TQ2
£95005/240.37 miLivingston Avenue, Wythenshawe, Manchester, M222
£1,14509/230.42 mi-2
£1,15009/240.42 mi-2
£90003/250.47 mi-2
£1,00001/240.51 mi-2
£1,00012/240.51 mi-2
£95008/240.51 mi-2
£1,10005/240.51 miSummerfield Road, Wythenshawe, Manchester, M222
£1,20005/240.53 mi-2
£1,15012/240.53 mi-2
£1,10012/240.53 mi-2
£1,20005/240.53 miWythenshawe, Manchester, M222
£1,15005/240.53 miWythenshawe, Manchester, M222
£1,07505/240.53 miCotefield Road, Manchester, M222
£1,00012/240.56 mi-2
£1,05006/240.56 miBeamsley Drive, Manchester, M222
£1,00005/240.57 miLonghope Road, Wythenshawe, M22 1UP2
£1,15009/230.61 mi-2
£92506/240.61 miTemple Apartments, Cornishway, Wythenshawe, M222
£1,25005/240.62 mi-2
£1,00005/240.62 miAshmoor Road, Manchester, M222
£1,25006/240.62 miKerris Close, Manchester, Greater Manchester, M222
£1,00007/230.62 mi-2

Local Area Statistics

Population in M22

42,201

Population in Manchester

920,095

Town centre distance

5.87 miles away

Nearest school

0.40 miles away

Nearest train station

0.45 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+11%

Sales demand

Seller's market

Capital growth (5yrs)

+52%

Property History

Listed for £140,000

September 23, 2024

Sold for £68,500

2005

Description

Presenting a ground floor apartment with parking & garden available for sale. This property provides scope for cometic updating. The apartment is composed of two generously proportioned bedrooms, offering ample space for relaxation and personal time. It further benefits from a bathroom and separate w.c for your personal grooming needs.

One of the key features of this property is a good sized reception room with patio doors leading out into the garden, this space is perfect for entertaining guests or spending quality time with family, offering an ideal setting for both formal and casual gatherings. The kitchen is in need of re-furnishment, also with the added benefit of a separate store room , significant potential for the right investor or homeowner.

This ground floor dwelling provides a perfect balance of privacy and community living with the added bonus of a driveway and private garden.

This property is ready to become a home with the right vision and investment. It provides potential buyers with an exciting opportunity to customise and transform it to fit their personal tastes and lifestyle requirements.

In conclusion, this two-bedroom apartment for sale offers a unique opportunity for prospective buyers to acquire a property with significant potential for improvement and personalisation. It is an exceptional property offering great value and immense potential.

IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS: We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in every case.

CHE240252/2

Agent Details

Reeds Rains, Cheadle

0161 524 4728

Next Steps?

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