3 Bed Terraced House, Single Let, Manchester, M15 4LR, £295,000

610 15 Burton Place, Castlefield, Manchester, M15 4LR - 6 months ago

Leasehold
BTL
ROI: 4%
96 m²
+10 photos

ValuationOvervalued

Sold Prices£178K - £392K
Sold Prices/m²£2.1K/m² - £4.1K/m²

 

 

Square Metres

96 m²
Price/m²£3.1K/m²

Value Estimate

£278,519

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£73,750

Stamp Duty & Legal Fees

£18,200

Total Cash In

£91,950

 

 

Cash Out

 

Rent Range

£1,050 - £15,000

Rent Estimate

£1,550

Running Costs/mo

£1,252

Cashflow/mo

£298

Cashflow/yr

£3,578

ROI

4%

Gross Yield

6%

Local Sold Prices

50 sold prices from £178K to £392K, average is £234K. £2.1K/m² to £4.1K/m², average is £3K/m².

PriceDateDistanceAddressBeds 
£265K02/220.13 mi153, Chester Road, Manchester, Greater Manchester M15 4JB3
£230K05/220.23 mi6, Tatton Street, Manchester, Greater Manchester M15 4EQ3
£186K09/220.32 mi12, Freya Grove, Salford, Greater Manchester M5 4TE3
£265K12/210.33 mi64, Jackson Crescent, Manchester, Greater Manchester M15 5AA3
£233K05/220.38 mi2, Royce Road, Hulme, Manchester, Greater Manchester M15 5LY3
£253K09/230.43 mi12, Fenn Street, Manchester, Greater Manchester M15 5FL3
£211K01/220.44 mi71b, Chorlton Road, Manchester, Greater Manchester M15 4AP3
£190K01/240.45 mi17, Whimberry Close, Salford, Greater Manchester M5 3WL3
£178.5K10/200.45 mi34, Whimberry Close, Salford, Greater Manchester M5 3WL3
£198K02/210.47 mi2, Dean Court, Manchester, Greater Manchester M15 4BN3
£247.5K01/240.47 mi6, Weaver Court, Manchester, Greater Manchester M15 4BY3
£210.8K04/210.47 mi5, Upper Moss Lane, Manchester, Greater Manchester M15 5JG3
£225K04/220.48 mi16, Ribston Street, Manchester, Greater Manchester M15 5RH3
£269.9K09/210.48 mi46, Old York Street, Hulme, Manchester, Greater Manchester M15 5TH3
£196K03/220.51 mi4, Nash Street, Manchester, Greater Manchester M15 5NZ3
£260K08/230.51 mi20, Cloughfield Avenue, Salford, Greater Manchester M5 3PT3
£250K01/240.53 mi41, Regent Square, Salford, Greater Manchester M5 3RP3
£205K12/210.53 mi24, Nash Street, Manchester, Greater Manchester M15 5NZ3
£243K05/220.53 mi21, Gurner Avenue, Salford, Greater Manchester M5 3WP3
£215K11/220.53 mi9, Bangor Street, Manchester, Greater Manchester M15 4BW3
£297K08/220.54 mi5, Rolls Crescent, Manchester, Greater Manchester M15 5JX3
£210K05/210.54 mi32, St Clements Drive, Salford, Greater Manchester M5 3WN3
£223K06/210.54 mi36, St Clements Drive, Salford, Greater Manchester M5 3WN3
£272K03/210.55 mi7, Rolls Crescent, Manchester, Greater Manchester M15 5JX3
£208K03/210.55 mi19, Rolls Crescent, Manchester, Greater Manchester M15 5JX3
£222K10/220.55 mi121, Chorlton Road, Manchester, Greater Manchester M15 4AR3
£220K04/230.56 mi17, Old York Street, Hulme, Manchester, Greater Manchester M15 5TE3
£263K12/220.56 mi41, Yew Street, Hulme, Manchester, Greater Manchester M15 5YW3
£208K08/230.56 mi20, Marple Street, Manchester, Greater Manchester M15 4AH3
£235K06/230.57 mi14, Cornbrook Grove, Manchester, Greater Manchester M16 7PQ3
£292K09/220.58 mi30, Yew Street, Hulme, Manchester, Greater Manchester M15 5RB3
£263K06/210.6 mi30, Reilly Street, Manchester, Greater Manchester M15 5NB3
£215K03/220.62 mi27, Parish View, Salford, Greater Manchester M5 3PA3
£263K06/210.63 mi30, Reilly Street, Manchester, Greater Manchester M15 5NB3
£178K12/200.64 mi9, Bankwell Street, Hulme, Manchester, Greater Manchester M15 5LN3
£271.6K07/220.64 mi22, Guy Fawkes Street, Salford, Greater Manchester M5 3FR3
£207K07/210.64 mi10, Ellis Street, Manchester, Greater Manchester M15 5TA3
£295K02/230.65 mi12, Cooke Place, Salford, Greater Manchester M5 3LJ3
£263K12/220.65 mi4, Ellis Street, Manchester, Greater Manchester M15 5TA3
£255K02/220.66 mi24, Drayton Street, Hulme, Manchester, Greater Manchester M15 5LL3
£250K07/220.71 mi122, Bold Street, Hulme, Manchester, Greater Manchester M15 5QH3
£255K06/210.72 mi40, Drayton Street, Hulme, Manchester, Greater Manchester M15 5LL3
£180K04/210.73 mi20, Oxford Court, Old Trafford, Manchester, Greater Manchester M16 7NQ3
£256.5K05/230.73 mi7, Radclyffe Mews, Salford, Greater Manchester M5 3GD3
£241K02/230.73 mi11, Radclyffe Mews, Salford, Greater Manchester M5 3GD3
£392K07/220.74 mi13, New Islington, Manchester, Greater Manchester M4 6HF3
£227.5K08/210.75 mi78, Bold Street, Hulme, Manchester, Greater Manchester M15 5QH3
£227.5K08/210.75 mi78, Bold Street, Hulme, Manchester, Greater Manchester M15 5QH3
£220K02/230.75 mi118, Bold Street, Hulme, Manchester, Greater Manchester M15 5QH3
£270K03/230.75 mi16, Loxford Street, Manchester, Greater Manchester M15 6GH3

Local Rents

50 rents from £1.1K/mo to £15K/mo, average is £1.8K/mo.

RentDateDistanceAddressBeds 
£1,99505/240.06 mi-3
£1,99505/240.06 miBentinck Street, Manchester, M153
£2,20005/240.07 miArundel Street, Manchester3
£1,95005/240.09 miCity Gardens, 3B Spinners Way, Castlefield, M153
£4,19912/240.09 mi-3
£4,19903/250.09 mi-3
£1,76505/240.15 miThe Trilogy, Ellesmere Street, Manchester, M153
£1,91005/240.15 miThe Trilogy, Ellesmere Street, Manchester, M153
£1,88506/240.15 miThe Trilogy, Ellesmere Street, Manchester, M153
£1,92506/240.15 miThe Trilogy, Ellesmere Street, Manchester, M153
£2,12005/240.15 miRoof Gardens, Ellesmere Street, Castlefield, Manchester, M153
£1,55005/240.16 miThe Riverside, Lowry Wharf, Derwent Street, Car Park Space 109, Salford, M53
£1,65005/240.16 mi-3
£1,69503/250.16 mi-3
£1,85005/240.16 miThe Trilogy, Ellesmere Street, Manchester, M153
£1,89005/240.16 miThe Trilogy, Ellesmere Street, Manchester, M153
£1,84006/240.16 miThe Trilogy, Ellesmere Street, Manchester, M153
£2,10003/250.16 mi-3
£1,75005/240.17 mi-3
£1,60005/240.18 miThe Riley Building, Salford, M53
£1,65012/240.18 miRiley Building, Derwent Street, Salford, Greater Manchester. M53
£1,70005/240.18 miRegent Road, Manchester, M33
£1,80005/240.18 miRegent Road, Manchester, M33
£1,70005/240.18 miRegent Road, Manchester, M33
£1,80005/240.18 miRegent Road, Manchester, M33
£1,70005/240.18 miRegent Road, Manchester, M33
£1,70005/240.19 miRiverside, Derwent Street, Salford, M53
£2,10012/240.19 mi-3
£2,15005/240.19 miCity Gate 1, Blantyre Street, Castlefield3
£2,15006/240.19 miCity Gate 1, Blantyre Street, Castlefield3
£1,55005/240.2 miDowntown, 7 Woden Street, Salford, M53
£1,90002/240.2 mi-3
£1,70005/240.2 miRegent Road, Manchester, M33
£1,67505/240.2 miOne Regent, 1 Regent Road, Manchester, M33
£1,70005/240.2 miRegent Road, Manchester, M33
£1,70001/250.2 mi-3
£1,69505/240.21 miDowntown, 7 Woden Street, Salford, M53
£1,45005/240.22 miRiverside, Derwent Street, Salford, Manchester, M53
£15,00005/240.22 miThe Blade, Great Jackson3
£1,20003/250.23 mi-3
£1,80005/240.23 miVox, Trentham Street, M153
£1,50005/240.24 miBridgewater Point, M53
£2,49912/240.24 mi-3
£3,00005/240.24 mi-3
£3,00005/240.24 mi-3
£3,50012/240.24 mi-3
£3,50005/240.24 miCrown Street, Manchester, M153
£2,80005/240.24 miElizabeth Tower, City Centre, M153
£4,00005/240.24 miManchester , M15 4ZN3
£1,05005/240.25 miDelaney, Salford, M53

Local Area Statistics

Population in M15

20,050

Population in Manchester

920,095

Town centre distance

1.26 miles away

Nearest school

0.30 miles away

Nearest train station

0.30 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+14%

Sales demand

Balanced market

Capital growth (5yrs)

+39%

Property History

Listed for £295,000

September 24, 2024

Floor Plans

Description

  • Three Double Bedrooms +
  • Two Bathrooms +
  • Top Floor Apartment +
  • Tandem Parking Included +
  • No Chain +
  • EPC Rating D +
  • Large Private Terrace +
  • EWS1 Form Available +
  • Castlefield Location +
  • Owner Occupiers & Investors Welcome +

A top floor three bedroom apartment located in Burton Place, benefitting from a large private roof terrace and two allocated parking spaces.

Entering into a hallway, this three bedroom, two bathroom apartment benefits from floor to ceiling windows which flood the apartment with natural light.

This small, secure development is situated in the heart of Castlefield. The location of this building is only a stones throw away from Banyan Tree, Morrisons daily, Tesco express and the Castlefield Basin where many bars and restaurants are situated including Barca Bar, Albert Shed and Dukes 92. You're only a 10 minute walk away from Manchester City Centre and Spinningfields.

To book a viewing please contact the sales team on .

The Tour - The property is accessed via a secure communal entrance. Located on the top floor, when entering the apartment you're greeted with a spacious hallway.

Living Kitchen: With ample space to cook, dine and lounge, integrated oven, hob and an integrated fridge freezer. This open plan living/kitchen area offers floor to ceiling sliding doors that lead onto a large terrace area connected with a wrap around balcony.

Bedroom 1: Double bedroom, carpeted flooring with built in storage unit, wall mounted electric heater and access to the wrap around balcony that leads into the large private terrace.

Bedroom 2: Double bedroom, carpeted flooring with a built in wardrobe, wall mounted electric heater and access to the wrap around balcony that leads into the large private terrace.

Bedroom 3: Double bedroom, carpeted flooring with a built in wardrobe, floor to ceiling windows flooding the room with natural light, wall mounted electric heater and access to the wrap around balcony that leads into the large private terrace.

Bathroom: A three piece suite comprising a heated towel rail, wall mounted wash hand basin, WC and a spacious bathtub.

Ensuite: A three piece suite comprising a heated towel rail, wall mounted wash hand basin, WC and a walk in shower.

Storage Cupboard: Situated just off the hall, the storage cupboard houses a washer dryer and Eldon immersion heater tank.

The Area - Castlefield is an inner city oasis of quaint cobbled streets, canals and waterside al fresco dining. Britain’s first Urban Heritage Park - with its attractive canal basin, open spaces, converted mills, bridges and viaducts - has become one of the city’s most sought- after residential areas. It is particularly popular with professionals who combine the undoubted lifestyle benefits with close proximity to the city centre and excellent road and rail access.

The area is home to numerous bars, restaurants, and cafes, as well as a variety of cultural and recreational facilities. The Castlefield Bowl, an outdoor concert venue, is a popular spot for live music events and festivals, while the nearby Museum of Science and Industry provides visitors with an immersive experience of Manchester's industrial history.

Lease Information - 999 year lease from 2003 (978 years remaining)
Service charge: £7,309 per annum
Ground rent: £350 per annum
EWS1 Form Available

Agent Details

Reside, Manchester

0161 524 5946

Next Steps?

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