2 Bed Flat, Single Let, Manchester, M9 7HQ, £92,500

77 Freshfields, Spindletree Avenue, Manchester, Greater Manchester, M9 7HQ - 12 views - 5 months ago

Under Offer

Leasehold

BTL

ROI: 18%

61 m²

+2 photos

ValuationUndervalued

Sold Prices	£57K - £250K
Sold Prices/m²	£778/m² - £3.9K/m²

Square Metres	61 m²
Price/m²	£1.5K/m²
Value Estimate	£107,995£107,995
BMV	17%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£23,125£23,125
Stamp Duty & Legal Fees	£3,975£3,975
Total Cash In	£27,100£27,100

Cash Out
Rent Range	£850 - £1,250£850 - £1,250
Rent Estimate	£883
Running Costs/mo	£486£486
Cashflow/mo	£397£397
Cashflow/yr	£4,768£4,768
ROI	18%18%
Gross Yield	11%11%

Local Sold Prices

50 sold prices from £57K to £250K, average is £105K. £778/m² to £3.9K/m², average is £1.8K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£57K	01/21	0 mi	Apartment 32, Freshfields, Spindletree Avenue, Manchester, Greater Manchester M9 7HQ	-	-	2	Flat
£67K	04/23	0 mi	Apartment 82, Freshfields, Spindletree Avenue, Manchester, Greater Manchester M9 7HQ	-	-	2	Flat
£169K	07/21	0.13 mi	163, Victoria Avenue East, Manchester, Greater Manchester M9 7HW	£1,565	108	2	Flat
£105K	10/20	0.21 mi	61, Greetland Drive, Manchester, Greater Manchester M9 6DP	£1,641	64	2	Flat
£112.5K	02/21	0.21 mi	65, Greetland Drive, Manchester, Greater Manchester M9 6DP	£1,940	58	2	Flat
£70K	10/20	0.47 mi	14, Churston Avenue, Manchester, Greater Manchester M9 6LF	£1,029	68	2	Flat
£100.5K	05/21	0.62 mi	54, Evesham Walk, Middleton, Manchester, Greater Manchester M24 1PW	£2,009	50	2	Flat
£95K	04/21	0.62 mi	52, Evesham Walk, Middleton, Manchester, Greater Manchester M24 1PW	-	-	2	Flat
£95K	12/20	0.62 mi	27, Evesham Walk, Middleton, Manchester, Greater Manchester M24 1PW	£1,827	52	2	Flat
£120K	07/23	0.62 mi	25, Evesham Walk, Middleton, Manchester, Greater Manchester M24 1PW	£2,353	51	2	Flat
£128.5K	08/22	0.63 mi	50, Evesham Walk, Middleton, Manchester, Greater Manchester M24 1PW	-	-	2	Flat
£120K	08/22	0.64 mi	Flat 6, Cajetan House, Moss Lane, Middleton, Manchester, Greater Manchester M24 1WY	-	-	2	Flat
£135K	01/23	0.64 mi	Flat 7, Cajetan House, Moss Lane, Middleton, Manchester, Greater Manchester M24 1WY	-	-	2	Flat
£225K	06/21	0.67 mi	66, Cheltenham Road, Middleton, Manchester, Greater Manchester M24 1HG	-	-	2	Flat
£97K	06/21	0.81 mi	470, Lightbowne Road, Manchester, Greater Manchester M40 0HA	£1,386	70	2	Flat
£95K	09/23	0.94 mi	16l, Blueberry Avenue, Manchester, Greater Manchester M40 0GF	£1,792	53	2	Flat
£95K	08/23	0.94 mi	16k, Blueberry Avenue, Manchester, Greater Manchester M40 0GF	£1,759	54	2	Flat
£93K	08/22	0.94 mi	2c, Blueberry Avenue, Manchester, Greater Manchester M40 0GF	£1,770	53	2	Flat
£91K	07/22	1.09 mi	65, Nepaul Road, Manchester, Greater Manchester M9 4EA	£1,379	66	2	Flat
£80K	01/21	1.09 mi	16, Cobble Bank, Manchester, Greater Manchester M9 5FA	£1,702	47	2	Flat
£137K	09/21	1.2 mi	16, Worthington Street, Moston, Manchester, Greater Manchester M40 0BB	£1,641	84	2	Flat
£70K	02/21	1.22 mi	2, Edale Avenue, Manchester, Greater Manchester M40 9HU	£778	90	2	Flat
£82K	06/23	1.23 mi	1, Marshbrook Drive, Manchester, Greater Manchester M9 8NN	£1,608	51	2	Flat
£110K	08/22	1.25 mi	3, Thorndale Court, Manchester, Greater Manchester M9 8PZ	-	-	2	Flat
£156K	02/22	1.25 mi	16, Clapham Street, Manchester, Greater Manchester M40 0BA	£2,026	77	2	Flat
£118.5K	10/21	1.28 mi	34, Whitecroft Meadow, Middleton, Manchester, Greater Manchester M24 1LU	£1,823	65	2	Flat
£98K	12/20	1.28 mi	31, Whitecroft Meadow, Middleton, Manchester, Greater Manchester M24 1LU	£2,000	49	2	Flat
£115K	09/22	1.28 mi	4, Whitecroft Meadow, Middleton, Manchester, Greater Manchester M24 1LU	£2,130	54	2	Flat
£121K	03/23	1.28 mi	35, Whitecroft Meadow, Middleton, Manchester, Greater Manchester M24 1LU	-	-	2	Flat
£95K	04/21	1.29 mi	20, Newcroft Drive, Manchester, Greater Manchester M9 8PU	£1,508	63	2	Flat
£130K	09/21	1.3 mi	65, Abbeydale Road, Manchester, Greater Manchester M40 0AJ	-	-	2	Flat
£60K	11/21	1.33 mi	Flat 35, Buckingham House, Kingsmead Mews, Manchester, Greater Manchester M9 0RT	-	-	2	Flat
£150K	03/21	1.45 mi	11, Faversham Street, Manchester, Greater Manchester M40 5AR	£2,308	65	2	Flat
£215K	07/21	1.56 mi	5, Lindrick Close, Manchester, Greater Manchester M40 3WB	-	-	2	Flat
£116K	10/22	1.63 mi	Flat 42, Exeter Court, Market Street, Middleton, Manchester, Greater Manchester M24 5TX	-	-	2	Flat
£120K	10/23	1.66 mi	Flat 2, Ninian Court, Sadler Street, Middleton, Manchester, Greater Manchester M24 5TR	-	-	2	Flat
£124.5K	02/22	1.67 mi	2, Culross Avenue, Manchester, Greater Manchester M40 3SD	-	-	2	Flat
£110K	09/22	1.67 mi	Flat 11, Ninian Court, Sadler Street, Middleton, Manchester, Greater Manchester M24 5TR	-	-	2	Flat
£115K	01/22	1.8 mi	4, Station Mews, Failsworth, Manchester, Greater Manchester M35 0GY	£1,758	65	2	Flat
£106K	07/23	1.8 mi	29a, Hardman Lane, Failsworth, Manchester, Greater Manchester M35 0DL	-	-	2	Flat
£105K	02/22	1.85 mi	2, Bromley Street, Chadderton, Oldham, Greater Manchester OL9 8HD	-	-	2	Flat
£88K	08/22	1.85 mi	41, Grampian Close, Chadderton, Oldham, Greater Manchester OL9 8PT	£1,374	64	2	Flat
£95K	03/23	1.91 mi	Flat 11, Emmanuel Court, Granby Street, Chadderton, Oldham, Greater Manchester OL9 8EG	-	-	2	Flat
£105K	10/22	1.92 mi	22, Heywood Court, Middleton, Manchester, Greater Manchester M24 4RR	£1,667	63	2	Flat
£250K	09/21	1.93 mi	57, Heywood Old Road, Middleton, Manchester, Greater Manchester M24 4QS	£3,906	64	2	Flat
£75K	07/21	1.93 mi	180, Baguley Crescent, Middleton, Manchester, Greater Manchester M24 4GX	£1,337	56	2	Flat
£91.5K	11/22	1.93 mi	190, Baguley Crescent, Middleton, Manchester, Greater Manchester M24 4GX	£1,989	46	2	Flat
£128K	10/22	1.94 mi	85, Heywood Court, Middleton, Manchester, Greater Manchester M24 4RQ	£1,910	67	2	Flat
£77K	03/21	1.94 mi	6, Heywood Court, Middleton, Manchester, Greater Manchester M24 4RR	£1,222	63	2	Flat
£90K	03/23	1.94 mi	18, Heywood Court, Middleton, Manchester, Greater Manchester M24 4RR	£1,429	63	2	Flat

Local Rents

15 rents from £850/mo to £1.3K/mo, average is £1K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,000	08/24	0 mi	Freshfields, Manchester, M9	2	Flat
£975	05/24	0.01 mi	Freshfields, Spindletree Avenue, Manchester, M9	2	Flat
£1,100	07/24	0.01 mi	-	2	Flat
£1,250	03/25	0.01 mi	-	2	Flat
£850	05/24	0.21 mi	Greetland Drive, Blackley	2	Flat
£1,050	05/24	0.55 mi	Sycamore Road, Blackley, Manchester, M9 7GN	2	Semi-Detached House
£1,150	08/24	0.55 mi	Sycamore Road, Blackley, Manchester, M9 7GN	2	Semi-Detached House
£875	05/24	0.57 mi	Ainsbrook Avenue, Manchester	2	Flat
£925	05/24	0.57 mi	Eastgate, Manchester, M9	2	Flat
£1,200	06/24	0.57 mi	Evesham Road, Middleton	2	Bungalow
£950	08/24	0.6 mi	Apt 6, 16 Kilmaine Avenue, Manchester, Greater Manchester, M9 7FN	2	Flat
£1,000	03/25	0.61 mi	-	2	Flat
£1,200	01/25	0.61 mi	-	2	Terraced House
£1,200	05/24	0.62 mi	Hemlock Way, Greater Manchester, M9	2	Semi-Detached House
£895	05/24	0.62 mi	16 Kilmaine Avenue, Manchester, M9	2	Flat

Local Area Statistics

Population in M9	39,41239,412
Population in Manchester	920,095920,095
Town centre distance	5.55 miles away5.55 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	1.02 miles away1.02 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+45%+45%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+60%+60%

Property History

Listed for £92,500

October 25, 2024

Sold for £72,000

2019

Floor Plans

Description

13th Floor flat +
Amazing views +
2 bedrooms +
Lift assisted +
Spacious open plan lounge/kitchen +
Electric heating +
uPVC double glazed +
Parking +
No chain +

HALL - Electric heater.

LOUNGE - Wooden floor. uPVC double glazed window. Lights on dimmer. Door porter system. electric heater. Open plan:-

KITCHEN - Range of matching fitted wall and base units. 1 1/2 bowl stainless steel sink. Built in oven, hob and extractor fan.

UTILITY - Plumber for washing machine. Water tank.

BEDROOM - Heater. uPVC double glazed window.

BATHROOM/WC - Modern 3 piece white suite. Shower attachment & screen. Radiator. Tiled floor.

PARKING

TENURE - Leasehold - £125yrs from 17/03/2005
SERVICE CHARGE - £613.54 per quarter
GROUND RENT - £200 Per annum

EPC RATING - D
COUNCIL TAX BAND - A

PRICE - £92,500 subject to contract

Agent Details

Aubrey Lee & Co, Blackley

0161 524 3119

Next Steps?

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

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