2 Bed Flat, Single Let, Manchester, M11 4TE, £150,000

3 Stillwater Drive, Manchester, Greater Manchester, M11, M11 4TE - 6 months ago

Leasehold
BTL
ROI: 7%
~59 m²
+11 photos

ValuationOvervalued

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

 

 

Square Metres

~59.10 m²
Price/m²£2.5K/m²

Value Estimate

£138,946

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£37,500

Stamp Duty & Legal Fees

£8,700

Total Cash In

£46,200

 

 

Cash Out

 

Rent Range

£875 - £2,700

Rent Estimate

£938

Running Costs/mo

£676

Cashflow/mo

£262

Cashflow/yr

£3,140

ROI

7%

Gross Yield

8%

Local Sold Prices

36 sold prices from £53K to £487K, average is £158K. £778/m² to £4.2K/m², average is £2.4K/m².

PriceDateDistanceAddressBeds 
£59.5K05/211.13 mi5, Crosby Road, Manchester, Greater Manchester M40 1QB2
£220K01/241.17 miBlock D, Apartment 59, Pollard Street, Manchester, Greater Manchester M4 7AT2
£85K12/231.22 mi67, Gorton Lane, Manchester, Greater Manchester M12 5WF2
£80K09/231.23 miFlat 12, Hayden Court, Sedgeford Road, Manchester, Greater Manchester M40 8QW2
£105K07/221.24 mi250a, Manor Road, Droylsden, Manchester, Greater Manchester M43 6JD2
£160K12/211.27 mi16, Kent Avenue, Droylsden, Manchester, Greater Manchester M43 6BW2
£270K05/231.37 mi17, William Jessop Court, Manchester, Greater Manchester M1 2NE2
£270K03/211.38 mi4, John Smeaton Court, Manchester, Greater Manchester M1 2NR2
£107K07/211.42 mi79, Crammond Close, Manchester, Greater Manchester M40 1PL2
£86.5K12/201.42 mi73, Crammond Close, Manchester, Greater Manchester M40 1PL2
£140K06/211.44 mi396, Greenside Lane, Droylsden, Manchester, Greater Manchester M43 7RZ2
£257K10/211.44 miFlat 50, M M2 Apartments, Pickford Street, Manchester, Greater Manchester M4 5BS2
£53K11/201.48 mi8, Ketton Close, Manchester, Greater Manchester M11 1NA2
£130K09/231.49 mi36, Tinningham Close, Manchester, Greater Manchester M11 1NB2
£150K03/211.53 mi11, Faversham Street, Manchester, Greater Manchester M40 5AR2
£487K03/231.65 mi11, Marshall Street, Manchester, Greater Manchester M4 5FU2
£160K08/211.66 mi11, Old Farm Crescent, Droylsden, Manchester, Greater Manchester M43 6EU2
£215K07/211.72 mi5, Lindrick Close, Manchester, Greater Manchester M40 3WB2
£70K02/211.73 mi2, Edale Avenue, Manchester, Greater Manchester M40 9HU2
£120K05/241.8 mi9, Mount Road, Manchester, Greater Manchester M18 7BG2
£160K03/231.8 mi22, Devonshire Street South, Manchester, Greater Manchester M13 9HA2
£170K03/211.83 mi10, Hursthead Walk, Manchester, Greater Manchester M13 9UT2
£130K04/211.84 mi18, Lock Keepers Court, Droylsden, Manchester, Greater Manchester M43 6GG2
£250K11/231.87 miFlat 25, Sackville Place, Bombay Street, Manchester, Greater Manchester M1 7AT2
£213K03/211.87 miFlat 51, Sackville Place, Bombay Street, Manchester, Greater Manchester M1 7AT2
£130K09/211.88 mi65, Abbeydale Road, Manchester, Greater Manchester M40 0AJ2
£207.5K12/201.89 miFlat 21, Granby House, Granby Row, Manchester, Greater Manchester M1 7AR2
£203K02/231.89 miFlat 31, Granby House, Granby Row, Manchester, Greater Manchester M1 7AR2
£95K10/201.91 mi108, Stanley Grove, Manchester, Greater Manchester M12 5GF2
£156K02/221.91 mi16, Clapham Street, Manchester, Greater Manchester M40 0BA2
£115K01/221.92 mi11, Mitchells Quay, Failsworth, Manchester, Greater Manchester M35 0QD2
£220K12/221.93 miApartment 39, Venice Court, Samuel Ogden Street, Manchester, Greater Manchester M1 7AX2
£180K10/201.93 miApartment 30, Venice Court, Samuel Ogden Street, Manchester, Greater Manchester M1 7AX2
£197.5K09/211.97 mi8, Bridgewater Wharf, Droylsden, Manchester, Greater Manchester M43 7ZA2
£197.5K09/211.97 mi8, Bridgewater Wharf, Droylsden, Manchester, Greater Manchester M43 7ZA2
£120K06/231.99 mi3, Egerton Mews, Droylsden, Manchester, Greater Manchester M43 6TS2

Local Rents

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

RentDateDistanceAddressBeds 
£92505/240 miStillwater Drive,Clayton,Manchester,M11 4TE2
£1,09505/240.01 mi3 Stillwater Drive, Sportcity , Manchester, M11 4TE2
£97506/240.01 mi3 Stillwater Drive, Sports City, Openshaw, Manchester, M112
£95005/240.01 mi3 Stillwater Drive, Sports City, Openshaw, Manchester, M112
£95005/240.02 mi5 Stillwater Drive, Openshaw, Sports City, Manchester, M112
£97505/240.02 mi5 Stillwater Drive, Sports City, Openshaw, Manchester, M112
£95005/240.03 miStillwater Drive, Sports City, Manchester, M112
£1,05006/240.03 miStillwater Drive, Sports City, Macnhester, M112
£1,05006/240.03 miStillwater Drive, 5 Stillwater Drive, Manchester2
£95012/240.03 mi-2
£97505/240.04 miStillwater Drive, SportCity, Manchester, M112
£1,25012/240.04 mi-2
£1,00005/240.04 miStillwater Drive, Stillwater Drive, Manchester, M112
£1,00006/240.04 miStillwater Drive, Stillwater Drive, Manchester, M112
£1,10006/240.04 miThe Drum, Stillwater Drive, M112
£97506/240.04 mi1 Stillwater Drive, Openshaw, Sports City, Manchester, M112
£2,70012/240.06 mi-2
£2,10001/250.06 mi-2
£1,15005/240.08 mi2 The Waterfront, Sports City, Openshaw, Manchester, M112
£1,10005/240.08 miThe Waterfront, Openshaw, Manchester, M112
£1,10005/240.08 mi2 The Waterfront, Sports City, Openshaw, Manchester, M112
£1,30005/240.1 miWesham Road, Manchester, M112
£1,30012/240.1 mi-2
£1,30012/240.1 mi-2
£1,10012/240.11 mi-2
£1,10003/250.14 mi-2
£1,20001/240.14 mi-2
£1,00005/240.14 miThe Waterfront, Manchester, M112
£1,10005/240.14 miApt 10, 2 Stuart Street, Clayton M11 4DQ2
£1,05005/240.15 miThe Drum, 2 Stuart Street, Sport City2
£1,20012/240.15 mi-2
£97502/250.15 mi-2
£1,20003/250.27 mi-2
£1,20002/250.27 mi-2
£87512/240.31 mi-2
£97505/240.33 mi-2
£1,00003/250.33 mi-2
£95001/240.33 mi-2
£1,00008/240.53 miThe Mews, Manchester, M402
£89505/240.57 mi-2
£1,15005/240.58 miDarley Street, Manchester, M112
£1,10006/240.59 miSaxon Street, Manchester, M402
£1,10006/240.6 miSaxon Street, Manchester, M402
£1,30008/240.6 miSaxon Street, Manchester, M402
£1,90005/240.61 mi-2
£1,30003/250.61 mi-2
£2,25011/240.62 mi-2

Local Area Statistics

Population in M11

20,273

Population in Manchester

920,095

Town centre distance

3.14 miles away

Nearest school

0.20 miles away

Nearest train station

0.87 miles away

 

 

Rental growth (12m)

+112%

Sales demand

Seller's market

Capital growth (5yrs)

+27%

Property History

Listed for £150,000

October 17, 2024

Floor Plans

Description

  • Mortgage Buyers Welcome +
  • Great For First Time Buyers +
  • Great Investment +
  • Close To The CO-OP Arena +
  • Close to Metrolink +
  • Great Access to City Centre +
  • Second Floor Apartment +
  • Two Double Bedrooms +
  • Juliet Balcony +
  • Spacious Living Room +

This two-bedroom apartment is conveniently located near the Etihad Stadium and the new Co-Op Music Arena, just a short 5-minute drive from the lively Manchester city centre. The area offers a great selection of restaurants, bars, and shops, making it perfect for urban living.

The apartment features a well-designed layout with a fitted kitchen and bathroom, along with a spacious open-plan living and dining area. Furnished in a modern style, it provides a comfortable and inviting atmosphere. Situated on the second floor, the apartment includes a walk-on balcony that overlooks landscaped gardens, adding a touch of nature to your living space. Plus, secure parking is available for added convenience. This apartment combines style and practicality in a fantastic location.

Mortgage Buyers Welcome.

Subject to contract. EPC rating B.

Agent Details

Thornley Groves, Manchester Southern Gateway

0161 524 4726

Next Steps?

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