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2 Bed Flat, Single Let, Manchester, M11 4DB, £160,000

The Cube, 2B The Waterfront, Openshaw, Manchester, M11 4DB - 2 views - 6 months ago

Leasehold
BTL
ROI: 6%
~68 m²
+4 photos

ValuationOvervalued

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

 

 

Square Metres

~68.11 m²
Price/m²£2.3K/m²

Value Estimate

£143,889

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£40,000

Stamp Duty & Legal Fees

£6,000

Total Cash In

£46,000

 

 

Cash Out

 

Rent Range

£875 - £2,700

Rent Estimate

£950

Running Costs/mo

£710

Cashflow/mo

£240

Cashflow/yr

£2,880

ROI

6%

Gross Yield

7%

Local Sold Prices

32 sold prices from £53K to £487K, average is £158K. £778/m² to £4.2K/m², average is £2.3K/m².

PriceDateDistanceAddressBeds 
£220K01/241.04 miBlock D, Apartment 59, Pollard Street, Manchester, Greater Manchester M4 7AT2
£80K09/231.15 miFlat 12, Hayden Court, Sedgeford Road, Manchester, Greater Manchester M40 8QW2
£59.5K05/211.23 mi5, Crosby Road, Manchester, Greater Manchester M40 1QB2
£270K05/231.24 mi17, William Jessop Court, Manchester, Greater Manchester M1 2NE2
£85K12/231.25 mi67, Gorton Lane, Manchester, Greater Manchester M12 5WF2
£270K03/211.25 mi4, John Smeaton Court, Manchester, Greater Manchester M1 2NR2
£257K10/211.31 miFlat 50, M M2 Apartments, Pickford Street, Manchester, Greater Manchester M4 5BS2
£105K07/221.37 mi250a, Manor Road, Droylsden, Manchester, Greater Manchester M43 6JD2
£160K12/211.4 mi16, Kent Avenue, Droylsden, Manchester, Greater Manchester M43 6BW2
£107K07/211.51 mi79, Crammond Close, Manchester, Greater Manchester M40 1PL2
£86.5K12/201.51 mi73, Crammond Close, Manchester, Greater Manchester M40 1PL2
£487K03/231.51 mi11, Marshall Street, Manchester, Greater Manchester M4 5FU2
£150K03/211.56 mi11, Faversham Street, Manchester, Greater Manchester M40 5AR2
£140K06/211.57 mi396, Greenside Lane, Droylsden, Manchester, Greater Manchester M43 7RZ2
£53K11/201.59 mi8, Ketton Close, Manchester, Greater Manchester M11 1NA2
£130K09/231.59 mi36, Tinningham Close, Manchester, Greater Manchester M11 1NB2
£170K03/211.71 mi10, Hursthead Walk, Manchester, Greater Manchester M13 9UT2
£160K03/231.72 mi22, Devonshire Street South, Manchester, Greater Manchester M13 9HA2
£250K11/231.74 miFlat 25, Sackville Place, Bombay Street, Manchester, Greater Manchester M1 7AT2
£213K03/211.74 miFlat 51, Sackville Place, Bombay Street, Manchester, Greater Manchester M1 7AT2
£70K02/211.74 mi2, Edale Avenue, Manchester, Greater Manchester M40 9HU2
£207.5K12/201.76 miFlat 21, Granby House, Granby Row, Manchester, Greater Manchester M1 7AR2
£203K02/231.76 miFlat 31, Granby House, Granby Row, Manchester, Greater Manchester M1 7AR2
£215K07/211.78 mi5, Lindrick Close, Manchester, Greater Manchester M40 3WB2
£160K08/211.78 mi11, Old Farm Crescent, Droylsden, Manchester, Greater Manchester M43 6EU2
£220K12/221.8 miApartment 39, Venice Court, Samuel Ogden Street, Manchester, Greater Manchester M1 7AX2
£180K10/201.81 miApartment 30, Venice Court, Samuel Ogden Street, Manchester, Greater Manchester M1 7AX2
£120K05/241.84 mi9, Mount Road, Manchester, Greater Manchester M18 7BG2
£95K10/201.91 mi108, Stanley Grove, Manchester, Greater Manchester M12 5GF2
£130K09/211.93 mi65, Abbeydale Road, Manchester, Greater Manchester M40 0AJ2
£156K02/221.96 mi16, Clapham Street, Manchester, Greater Manchester M40 0BA2
£130K04/211.97 mi18, Lock Keepers Court, Droylsden, Manchester, Greater Manchester M43 6GG2

Local Rents

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

RentDateDistanceAddressBeds 
£1,10003/250 mi-2
£1,20001/240.01 mi-2
£1,00005/240.01 miThe Waterfront, Manchester, M112
£1,10012/240.02 mi-2
£97502/250.03 mi-2
£1,20012/240.03 mi-2
£1,05005/240.04 miThe Drum, 2 Stuart Street, Sport City2
£1,10005/240.06 miApt 10, 2 Stuart Street, Clayton M11 4DQ2
£1,15005/240.06 mi2 The Waterfront, Sports City, Openshaw, Manchester, M112
£1,10005/240.06 miThe Waterfront, Openshaw, Manchester, M112
£1,10005/240.06 mi2 The Waterfront, Sports City, Openshaw, Manchester, M112
£2,70012/240.09 mi-2
£2,10001/250.09 mi-2
£1,10006/240.1 miThe Drum, Stillwater Drive, M112
£95012/240.1 mi-2
£1,30012/240.1 mi-2
£1,30012/240.1 mi-2
£1,30005/240.1 miWesham Road, Manchester, M112
£1,05006/240.11 miStillwater Drive, Sports City, Macnhester, M112
£1,05006/240.11 miStillwater Drive, 5 Stillwater Drive, Manchester2
£95005/240.11 miStillwater Drive, Sports City, Manchester, M112
£97506/240.12 mi1 Stillwater Drive, Openshaw, Sports City, Manchester, M112
£97505/240.12 miStillwater Drive, SportCity, Manchester, M112
£1,25012/240.12 mi-2
£1,00005/240.12 miStillwater Drive, Stillwater Drive, Manchester, M112
£1,00006/240.12 miStillwater Drive, Stillwater Drive, Manchester, M112
£95005/240.13 mi5 Stillwater Drive, Openshaw, Sports City, Manchester, M112
£97505/240.13 mi5 Stillwater Drive, Sports City, Openshaw, Manchester, M112
£92505/240.14 miStillwater Drive,Clayton,Manchester,M11 4TE2
£1,09505/240.14 mi3 Stillwater Drive, Sportcity , Manchester, M11 4TE2
£97506/240.14 mi3 Stillwater Drive, Sports City, Openshaw, Manchester, M112
£95005/240.14 mi3 Stillwater Drive, Sports City, Openshaw, Manchester, M112
£1,20003/250.4 mi-2
£1,20002/250.4 mi-2
£1,00008/240.43 miThe Mews, Manchester, M402
£87512/240.44 mi-2
£97505/240.47 mi-2
£1,00003/250.47 mi-2
£95001/240.47 mi-2
£1,10006/240.47 miSaxon Street, Manchester, M402
£1,15005/240.47 miDarley Street, Manchester, M112
£1,10006/240.48 miSaxon Street, Manchester, M402
£1,30008/240.48 miSaxon Street, Manchester, M402
£2,25011/240.51 mi-2
£1,07506/240.52 miPadstow Street, Sports City, Manchester, M402
£1,15008/240.52 miPadstow Street, Sports City, Manchester, M402
£1,25003/250.58 mi-2
£1,49505/240.6 mi-2
£1,30005/240.62 miEastfield Avenue, Manchester2

Links

Local Area Statistics

Population in M11

20,273

Population in Manchester

920,095

Town centre distance

3.04 miles away

Nearest school

0.30 miles away

Nearest train station

0.74 miles away

 

 

Rental growth (12m)

+112%

Sales demand

Seller's market

Capital growth (5yrs)

+27%

Property History

Listed for £160,000

September 27, 2024

Description

  • EWS1 Form Available +
  • Secure Parking +
  • Large Corner Balcony +
  • Open Plan Living Area +
  • Two Double Bedrooms +
  • Two Bathrooms +
  • Sixth Floor +
  • Next to Etihad Campus Metrolink +
  • Close Co-Op Live Arena +
  • Ideal Investment Option +

EWS1 Form Available. Mortgage Buyers Welcome.

The Cube is located in Sports City which is close to both the Etihad Campus Metrolink and Manchester City Centre. This sixth floor apartment comprises: an entrance hallway, open plan lounge/diner with access to the large feature corner balcony, fully integrated kitchen, two double bedrooms, the master having an en-suite and a main bathroom suite. Secure Parking Included. 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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