2 Bed Flat, Single Let, Manchester, M16 8FB, £170,000

Withington Road, Whalley Range, Greater Manchester, M16 8FB - 1 views - 6 months ago

Leasehold
BTL
ROI: 3%
~53 m²
+24 photos

ValuationOvervalued

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

 

 

Square Metres

~53 m²
Price/m²£3.2K/m²

Value Estimate

£145,240

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£42,500

Stamp Duty & Legal Fees

£9,700

Total Cash In

£52,200

 

 

Cash Out

 

Rent Range

£795 - £1,375

Rent Estimate

£825

Running Costs/mo

£716

Cashflow/mo

£109

Cashflow/yr

£1,305

ROI

3%

Gross Yield

6%

Local Sold Prices

50 sold prices from £95.5K to £640K, average is £170K. £1.5K/m² to £3.8K/m², average is £2.7K/m².

PriceDateDistanceAddressBeds 
£640K01/240.11 mi26, Stanley Road, Whalley Range, Manchester, Greater Manchester M16 8HS2
£195K06/210.34 mi2, Woodlawn Court, Manchester, Greater Manchester M16 9RH2
£180K05/230.35 mi32, Abbotside Close, Manchester, Greater Manchester M16 7RP2
£540K02/210.35 mi15, Whalley Road, Manchester, Greater Manchester M16 8AD2
£205.5K12/220.37 mi53, Woodlawn Court, Manchester, Greater Manchester M16 9RL2
£199.9K03/210.38 mi48, Woodlawn Court, Manchester, Greater Manchester M16 9RJ2
£187K05/230.38 mi61, Woodlawn Court, Manchester, Greater Manchester M16 9RL2
£170K12/200.39 mi12, Woodgate Road, Manchester, Greater Manchester M16 8LX2
£154K07/210.39 mi10, Woodgate Road, Manchester, Greater Manchester M16 8LX2
£168K09/210.41 mi32, Holden Avenue, Manchester, Greater Manchester M16 8TA2
£200K03/240.41 mi24, Holden Avenue, Manchester, Greater Manchester M16 8TA2
£170K10/200.41 mi57, Holden Avenue, Manchester, Greater Manchester M16 8TA2
£172.5K08/210.41 mi26, Holden Avenue, Manchester, Greater Manchester M16 8TA2
£180K07/240.41 mi42, Holden Avenue, Manchester, Greater Manchester M16 8TA2
£210K08/230.41 mi18, Holden Avenue, Manchester, Greater Manchester M16 8TA2
£134K05/210.58 mi12, Plainsfield Street, Manchester, Greater Manchester M16 7HB2
£132K11/230.58 mi18, Plainsfield Street, Manchester, Greater Manchester M16 7HB2
£129.9K04/210.6 mi22, Wilcock Street, Manchester, Greater Manchester M16 7DA2
£160K03/230.6 mi6, Wilcock Street, Manchester, Greater Manchester M16 7DA2
£180K11/210.67 miFlat 29, Tealby Court, Wilbraham Road, Manchester, Greater Manchester M21 0XB2
£190K06/210.67 miFlat 25, Tealby Court, Wilbraham Road, Manchester, Greater Manchester M21 0XB2
£174K09/210.67 miFlat 19, Tealby Court, Wilbraham Road, Manchester, Greater Manchester M21 0XB2
£215K10/220.67 miFlat 11, Tealby Court, Wilbraham Road, Manchester, Greater Manchester M21 0XB2
£212.5K09/230.67 miFlat 19, Tealby Court, Wilbraham Road, Manchester, Greater Manchester M21 0XB2
£185K04/210.67 miFlat 18, Tealby Court, Wilbraham Road, Manchester, Greater Manchester M21 0XB2
£185K07/210.67 miFlat 12, Tealby Court, Wilbraham Road, Manchester, Greater Manchester M21 0XB2
£185K03/210.67 miFlat 16, Tealby Court, Wilbraham Road, Manchester, Greater Manchester M21 0XB2
£173K01/230.67 miFlat 36, Tealby Court, Wilbraham Road, Manchester, Greater Manchester M21 0XB2
£135K07/230.77 mi45, St Mary's Street, Hulme, Manchester, Greater Manchester M15 5WB2
£148K03/230.77 mi33, St Mary's Street, Hulme, Manchester, Greater Manchester M15 5WB2
£137K03/210.77 mi66, Peregrine Street, Manchester, Greater Manchester M15 5PU2
£170K03/230.78 mi21, Betsham Street, Manchester, Greater Manchester M15 5JN2
£160K03/230.79 mi98, Bold Street, Hulme, Manchester, Greater Manchester M15 5QH2
£134K04/210.79 mi16, Rook Street, Manchester, Greater Manchester M15 5PS2
£127.5K12/200.8 mi52, Hulme High Street, Hulme, Manchester, Greater Manchester M15 5JP2
£125K10/200.8 mi98, Hulme High Street, Manchester, Greater Manchester M15 5JP2
£150K12/220.81 mi41, St Mary's Street, Hulme, Manchester, Greater Manchester M15 5WB2
£135K12/230.82 mi12b, Blanchard Street, Manchester, Greater Manchester M15 5PN2
£142.5K10/230.83 mi26, Chichester Road South, Hulme, Manchester, Greater Manchester M15 5QQ2
£95.5K01/210.85 mi1, Bold Street, Hulme, Manchester, Greater Manchester M15 5QR2
£159.5K11/220.87 mi75, Drayton Street, Manchester, Greater Manchester M15 5LL2
£144K02/210.87 mi71, Drayton Street, Hulme, Manchester, Greater Manchester M15 5LL2
£144K02/210.87 mi71, Drayton Street, Hulme, Manchester, Greater Manchester M15 5LL2
£134K10/210.88 mi143c, Chorlton Road, Hulme, Manchester, Greater Manchester M15 4JG2
£174K12/230.88 mi159b, Chorlton Road, Manchester, Greater Manchester M15 4JG2
£162K03/230.88 mi24, Bankwell Street, Hulme, Manchester, Greater Manchester M15 5LN2
£230K10/230.89 mi8, Abbeystead Avenue, Chorlton Cum Hardy, Manchester, Greater Manchester M21 7DP2
£170K10/200.89 mi29, Chelsfield Grove, Manchester, Greater Manchester M21 7SU2
£175K06/210.89 mi31, Chelsfield Grove, Manchester, Greater Manchester M21 7SU2
£186K11/200.89 mi65, Chelsfield Grove, Manchester, Greater Manchester M21 7SU2

Local Rents

50 rents from £795/mo to £1.4K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£89506/240.07 mi159 Withington Road, Manchester, M162
£99506/240.07 mi159 Withington Road, Manchester, M162
£1,14903/250.09 mi-2
£1,00005/240.09 miFlat 4 31, Wellington Road, Manchester, M162
£1,37503/250.1 mi-2
£1,10005/240.1 miStanley Road, Whalley Range, Manchester2
£90005/240.1 miWellington Road, Whalley Range, Manchester. M16 8EX2
£1,05005/240.11 miMayfield Road, Whalley Range2
£1,05006/240.11 miMayfield Road, Whalley Range2
£89506/240.11 miRegent Court, 155-157 Withington Road, Manchester, M162
£99512/240.12 mi-2
£99505/240.12 miStanley Road, Whalley Range, Manchester, M162
£1,25002/240.13 mi-2
£92505/240.13 miFlat 15 Burford Court, 1 Cotterdale Close, Whalley Range2
£97504/250.15 mi-2
£1,00005/240.17 miAlness Road, Holyrood House, Manchester2
£1,05006/240.17 mi2 Alness Road, Whalley Range, Manchester, M162
£1,17505/240.17 miWithington Road, Manchester2
£99512/240.19 mi-2
£1,10002/250.2 mi-2
£1,15005/240.2 mi-2
£1,10005/240.2 miAlexandra Road South, Whalley Range2
£1,15005/240.2 miAlexandra Park House, Manchester, M162
£1,15005/240.2 miThe Gallery, Range Road, Whalley Range2
£1,35005/240.2 miRange Road, Manchester, Greater Manchester, M162
£1,25003/250.21 mi-2
£1,20004/250.21 mi-2
£1,25005/240.22 mi18 Grosvenor Road, Manchester, M162
£1,00005/240.23 miGrosvenor Road, Whalley Range2
£99502/250.24 mi-2
£1,20012/240.25 mi-2
£1,05002/250.25 mi-2
£79505/240.25 miCordoba Mews, Alexandra Road South, Manchester, Greater Manchester, M162
£1,05005/240.25 miMayfield Mansions, Whalley Range2
£1,20005/240.25 mi-2
£1,20005/240.25 miAlexandra Apartments, Manchester, M162
£1,19512/240.26 mi-2
£99505/240.26 mi-2
£99504/250.27 mi-2
£1,25005/240.29 mi48/50 Alexandra Road South, Whalley Range, Manchester. M16 8JA2
£82501/250.29 mi-2
£82504/250.29 mi-2
£97501/250.31 mi-2
£1,25006/240.31 mi-2
£1,30006/240.32 miWithington Road, £1300pcm2
£95012/240.33 mi-2
£85006/240.33 mi-2
£85001/250.33 mi-2
£95005/240.33 miBrantingham Road, Whalley Range2
£1,20005/240.33 miBrantingham Road, Whalley Range2

Local Area Statistics

Population in M16

35,559

Population in Manchester

920,095

Town centre distance

0.44 miles away

Nearest school

0.10 miles away

Nearest train station

0.81 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+36%

Sales demand

Buyer's market

Capital growth (5yrs)

+80%

Property History

Price changed to £170,000

January 1, 2025

Listed for £175,000

September 30, 2024

Floor Plans

Description

A nicely presented Two Double Bedroom, Two Bathroom Ground Floor Apartment over looking the back of the development, nestled in a securely gated, well maintained complex in the sought after location of Whalley Range, within close proximity to both Chorlton and the City Centre of Manchester, surrounded by immediate transport links & a stones' throw from Alexandra Park.

Accessed via secure entry system, with well kept communal areas, and an allocated parking space. The accommodation comprises of a generously sized Bay-Fronted Living/Dining area leading onto the kitchen with built in appliances. There is a good sized master bedroom with fitted en-suite shower room, second double bedroom and a generous sized main bathroom plus spacious hallway and plenty of storage cupboard space.
We are advised of the following lease terms from our Vendor:
999 Year Lease from Build
£200 Ground Rent Per Annum
£201 Per Month Service Charge

Offered for sale with no onward chain, please call our sales team today to arrange your viewing!

Agent Details

Bridgfords, Chorlton

0161 524 5067

Next Steps?

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