2 Bed Flat, Single Let, Manchester, M22 4TZ, £150,000

Lauriston Close, Sharston, M22 4TZ - 9 views - 6 months ago

Sold STC
Leasehold
BTL
ROI: 9%
~68 m²
+12 photos

ValuationFair Value

Sold Prices£86.5K - £800K
Sold Prices/m²£1.5K/m² - £6.7K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.2K/m²

Value Estimate

£149,839

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£37,500

Stamp Duty & Legal Fees

£5,700

Total Cash In

£43,200

 

 

Cash Out

 

Rent Range

£995 - £1,400

Rent Estimate

£995

Running Costs/mo

£688

Cashflow/mo

£307

Cashflow/yr

£3,687

ROI

9%

Gross Yield

8%

Local Sold Prices

50 sold prices from £86.5K to £800K, average is £142K. £1.5K/m² to £6.7K/m², average is £2.2K/m².

PriceDateDistanceAddressBeds 
£139.9K10/210.12 mi102, Starling Close, Sharston, Manchester, Greater Manchester M22 4XS2
£165K07/230.12 mi80, Starling Close, Sharston, Manchester, Greater Manchester M22 4XS2
£166.5K04/230.12 mi46, Starling Close, Sharston, Manchester, Greater Manchester M22 4XS2
£170K10/220.12 mi42, Starling Close, Manchester, Greater Manchester M22 4XS2
£160K12/220.12 mi52, Starling Close, Sharston, Manchester, Greater Manchester M22 4XS2
£165K02/230.15 mi25, Pepper Close, Manchester, Greater Manchester M22 4JZ2
£130K11/200.15 mi21, Pepper Close, Manchester, Greater Manchester M22 4JZ2
£130K05/210.15 mi31, Pepper Close, Manchester, Greater Manchester M22 4JZ2
£150K02/230.25 mi4, Fenside Road, Manchester, Greater Manchester M22 4WZ2
£125K03/210.5 mi11, Lovett Walk, Manchester, Greater Manchester M22 4LB2
£137.5K04/210.53 mi124, Royle Green Road, Manchester, Greater Manchester M22 4LD2
£120K12/200.55 mi1, Kerfoot Close, Manchester, Greater Manchester M22 4YJ2
£146K12/220.83 mi2, Bude Walk, Manchester, Greater Manchester M23 1PG2
£197K12/200.94 mi18, Govan Street, Manchester, Greater Manchester M22 4HA2
£135K09/230.97 mi48, Studland Road, Manchester, Greater Manchester M22 5AN2
£150K01/231.04 mi32, Floatshall Road, Manchester, Greater Manchester M23 1BX2
£115K02/211.05 mi21, Floatshall Road, Manchester, Greater Manchester M23 1WE2
£130K06/211.2 mi16, Avebury Road, Manchester, Greater Manchester M23 2GE2
£142K02/211.2 mi2, Heyland Road, Manchester, Greater Manchester M23 1HE2
£150K11/231.2 mi13, Flaxwood Walk, Manchester, Greater Manchester M22 9RW2
£130K09/221.24 mi90, Oakcliffe Road, Manchester, Greater Manchester M23 1DA2
£285K05/211.24 mi15, Oakcliffe Road, Manchester, Greater Manchester M23 1DA2
£139K12/221.24 mi64, Oakcliffe Road, Manchester, Greater Manchester M23 1DA2
£143K11/221.24 mi92, Oakcliffe Road, Manchester, Greater Manchester M23 1DA2
£122.3K10/231.24 mi60, Oakcliffe Road, Manchester, Greater Manchester M23 1DA2
£110K05/231.24 mi18, Ardmore Walk, Manchester, Greater Manchester M22 5QG2
£131K11/201.24 mi16, Ardmore Walk, Manchester, Greater Manchester M22 5QG2
£137.5K05/231.24 mi20, Ardmore Walk, Manchester, Greater Manchester M22 5QG2
£97K05/231.27 mi41, Calve Croft Road, Manchester, Greater Manchester M22 5FY2
£86.5K12/201.29 mi53, Longhope Road, Manchester, Greater Manchester M22 1UP2
£118K11/221.29 mi21, Longhope Road, Manchester, Greater Manchester M22 1UP2
£120K10/211.3 mi32, Beamsley Drive, Manchester, Greater Manchester M22 1TZ2
£110K09/231.33 mi104, Cotefield Road, Manchester, Greater Manchester M22 1UG2
£142K09/221.36 mi17, Portslade Walk, Manchester, Greater Manchester M23 2RQ2
£158K08/231.43 mi2, Knowe Avenue, Manchester, Greater Manchester M22 0FG2
£133K10/221.43 mi2, Borth Walk, Manchester, Greater Manchester M23 1EJ2
£212.8K12/201.46 mi13, Hearthstone Close, Cheadle, Greater Manchester SK8 2NW2
£130K08/211.52 mi89, Silverdale Road, Gatley, Cheadle, Greater Manchester SK8 4RF2
£185K03/241.54 mi11, Brayford Road, Manchester, Greater Manchester M22 0NS2
£155K09/211.56 mi15, Dixon Court, Cheadle, Greater Manchester SK8 1DE2
£183K08/211.56 mi2, Dixon Court, Cheadle, Greater Manchester SK8 1DE2
£147K12/221.58 mi1, Foxton Walk, Manchester, Greater Manchester M23 2YE2
£100K09/231.59 mi16, Woodbridge Grove, Manchester, Greater Manchester M23 0NL2
£800K05/211.62 mi2, Plowley Close, Manchester, Greater Manchester M20 2DB2
£354K06/231.63 mi6, Canterbury Park, Manchester, Greater Manchester M20 2UQ2
£150K01/231.64 mi25, Chatcombe Road, Manchester, Greater Manchester M22 1RQ2
£345K12/231.67 miFlat 9, Beechwood Court, Holme Road, Manchester, Greater Manchester M20 2UA2
£133.5K08/211.68 mi10, Barrowfield Road, Manchester, Greater Manchester M22 1RT2
£180K11/221.68 miFlat 31, Whitegates, Wilmslow Road, Cheadle, Greater Manchester SK8 1HG2
£240K11/201.69 miFlat 31, South View Gardens, Schools Hill, Cheadle, Greater Manchester SK8 1PA2

Local Rents

34 rents from £995/mo to £1.4K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,15004/250.04 mi-2
£1,05005/240.04 miAltrincham Road, Manchester2
£1,20002/250.05 mi-2
£1,10002/250.05 mi-2
£1,20004/250.06 mi-2
£1,15006/240.06 miNorthumberland Way, Sharston2
£1,00004/250.11 mi-2
£1,20002/250.15 mi-2
£1,05001/250.15 mi-2
£1,20012/240.15 mi-2
£1,10005/240.16 mi196 Altrincham Road, Manchester2
£99512/240.17 mi-2
£1,10004/250.18 mi-2
£1,19505/240.19 miPetworth Close, Manchester, M222
£1,10005/240.21 miAltrincham Road, Manchester2
£1,05005/240.22 miAltrincham Road, Manchester, Greater Manchester, M222
£1,15005/240.26 miFenside Road, Manchester2
£1,15005/240.26 miTurnbury Road, Sharston, Manchester, M22 4ZB2
£1,15005/240.35 miStancliffe Road, Manchester, Greater Manchester, M222
£1,10005/240.4 miChaffinch Close, Sharston, M22 4WX2
£1,15012/240.41 mi-2
£1,25005/240.42 miChaffinch Close, Manchester2
£1,00005/240.46 miGreenwood Road, Wythenshawe, Manchester, M222
£1,00005/240.46 mi69 Greenwood Rd, Moss Nook2
£1,05005/240.46 mi21 Broadoak Drive, Manchester, Greater Manchester, M222
£1,00005/240.46 mi71 Greenwood Road, Wythenshawe2
£1,10009/240.46 miCranston Grove, SK82
£1,20009/240.47 miCranston Grove, Gatley, Cheadle, Cheshire, SK82
£1,05004/250.5 mi-2
£99505/240.5 miGreenwood Road, Manchester, M222
£1,40005/240.55 miBronington Close, Northenden2
£1,20003/250.55 mi-2
£1,30005/240.57 mi50a Bronington Close, Northenden2
£1,10005/240.62 miRoyle Green Road, Manchester, M222

Local Area Statistics

Population in M22

42,201

Population in Manchester

920,095

Town centre distance

4.16 miles away

Nearest school

0.50 miles away

Nearest train station

0.83 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+11%

Sales demand

Seller's market

Capital growth (5yrs)

+52%

Property History

Listed for £150,000

November 4, 2024

Floor Plans

Description

  • Two Bedrooms +
  • En-Suite to Master +
  • Well-Presented Throughout +
  • Allocated Gated Parking +
  • Communal Gardens +
  • Popular Modern Development +
  • Convenient Location +
  • Viewing Essential +

Located close to amenities and with excellent transport links, this modern two bedroom first floor apartment forms part of a popular residential development in Sharston.

The High Beeches development features attractive communal gardens with seating areas, lawns and a collection of established trees. There is an allocated parking space in the secure electronically gated car park, with visitor spaces also available. The premises are entered via a communal hallway with a choice of lift or stairs to reach the upper floors.

A private entrance to the apartment opens to the entrance hallway with entry phone. A deep storage/utility room contains a recently-renewed high-capacity hot water cylinder/heater. A spacious living room features large floor-to-ceiling double glazed windows which provide plentiful natural light. This room opens to the dining kitchen which features fitted modern units.

The master bedroom boasts fitted wardrobes with mirrored fronts and an en-suite shower room. There is a second double bedroom and a well-proportioned bathroom which is fitted with a modern white suite.

An early internal inspection is essential in order to fully appreciate this well-presented property.

Communal Entrance Hallway - Lift or Stairs to Upper Floors
Private Entrance to Apartment

Entrance Hallway - Utility Cupboard/Store

Dining Kitchen - 3.15m x 2.26m opens to: (10'4" x 7'5" opens to: ) -

Living Room - 4.47m red to 3.66m x 3.99m red to 3.20m (14'8" red -

Bedroom One - 3.66m to robes x 3.38m red to 2.84m (12' to robes - En-suite Shower Room

Bedroom Two - 3.78m red to 3.15m x 2.95m red to 2.24m (12'5" red -

Bathroom -

Externally - Communal Gardens
Allocated Parking Space via Electric Gates

Lease & Ground Rent Details - Lease: 135 years remain of a 155 year lease which commenced 01/01/2005.
Ground Rent £170 PA

Service Charge - £1,763.34 PA (Figures for 2024 - Equates to £146.95pcm)

Agent Details

Main & Main, Heald Green

0161 524 7286

Next Steps?

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