2 Bed Flat, Single Let, Manchester, M15 4NU, £270,000

Box Works, 4 Worsley Street, M15 4NU - 1 views - 5 months ago

Leasehold
BTL
~68 m²
+12 photos

ValuationOvervalued

Sold Prices£102K - £430K
Sold Prices/m²£1.7K/m² - £4.4K/m²

 

 

Square Metres

~68.11 m²
Price/m²£4K/m²

Value Estimate

£200,895

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£67,500

Stamp Duty & Legal Fees

£15,700

Total Cash In

£83,200

 

 

Cash Out

 

Rent Range

£950 - £2,750

Rent Estimate

£1,116

Running Costs/mo

£1,087

Cashflow/mo

£29

Cashflow/yr

£349

ROI

0%

Gross Yield

5%

Local Sold Prices

50 sold prices from £102K to £430K, average is £163K. £1.7K/m² to £4.4K/m², average is £3K/m².

PriceDateDistanceAddressBeds 
£250K07/210.1 miFlat 301, Former St. Georges Church, Arundel Street, Manchester, Greater Manchester M15 4JZ2
£260K06/230.1 miFlat 108, Former St. Georges Church, Arundel Street, Manchester, Greater Manchester M15 4JZ2
£210K09/210.11 miFlat 202, Former St. Georges Church, Arundel Street, Manchester, Greater Manchester M15 4JZ2
£130K01/210.16 miFlat 29, Thomas Court, Beattock Close, Manchester, Greater Manchester M15 4JA2
£400K04/210.2 miApartment 310, Middle Warehouse, Castle Quay, Manchester, Greater Manchester M15 4NT2
£350K04/210.2 miApartment 301, Middle Warehouse, Castle Quay, Manchester, Greater Manchester M15 4NT2
£430K01/230.2 miSuite 509, Middle Warehouse, Castle Quay, Manchester, Greater Manchester M15 4NT2
£173K11/210.24 miApartment 72, Irwell Building, Derwent Street, Salford, Greater Manchester M5 4SS2
£171.5K07/210.24 miApartment 49, Irwell Building, Derwent Street, Salford, Greater Manchester M5 4SS2
£230K08/210.24 mi32, Potato Wharf, Manchester, Greater Manchester M3 4NB2
£212K09/210.24 mi28, Potato Wharf, Manchester, Greater Manchester M3 4NB2
£180K12/220.25 miApartment 47, Slater House, Woden Street, Salford, Greater Manchester M5 4UE2
£210K03/210.26 mi19, Woollam Place, Manchester, Greater Manchester M3 4JJ2
£127.5K07/230.26 miFlat 11, Miranda Court, Asgard Drive, Salford, Greater Manchester M5 4TN2
£130K05/230.26 miFlat 2, Miranda Court, Asgard Drive, Salford, Greater Manchester M5 4TN2
£128K02/210.26 miFlat 19, Miranda Court, Asgard Drive, Salford, Greater Manchester M5 4TN2
£110K11/200.27 miFlat 41, Cassandra Court, Asgard Drive, Salford, Greater Manchester M5 4TW2
£150K11/220.27 miFlat 42, Cassandra Court, Asgard Drive, Salford, Greater Manchester M5 4TW2
£153K12/230.29 miRenolds House, Apartment 19, Everard Street, Salford, Greater Manchester M5 4UB2
£114K11/230.29 miApartment 1, Renolds House, Everard Street, Salford, Greater Manchester M5 4UB2
£240K04/210.29 mi127f, Liverpool Road, Manchester, Greater Manchester M3 4JN2
£208K02/210.29 mi133d, Liverpool Road, Manchester, Greater Manchester M3 4JN2
£136.1K01/230.29 miFlat 66, Imogen Court, Asgard Drive, Salford, Greater Manchester M5 4TQ2
£138K03/230.29 miFlat 102, Imogen Court, Asgard Drive, Salford, Greater Manchester M5 4TQ2
£102K03/210.29 miFlat 101, Imogen Court, Asgard Drive, Salford, Greater Manchester M5 4TQ2
£138K07/230.29 miFlat 90, Imogen Court, Asgard Drive, Salford, Greater Manchester M5 4TQ2
£148K05/210.35 mi94, Jackson Crescent, Manchester, Greater Manchester M15 5AA2
£172.5K06/230.35 mi94, Jackson Crescent, Manchester, Greater Manchester M15 5AA2
£173.5K12/220.35 mi86, Jackson Crescent, Manchester, Greater Manchester M15 5AA2
£170K12/220.36 mi44, Jackson Crescent, Manchester, Greater Manchester M15 5AA2
£215K12/220.38 mi326, City Road, Manchester, Greater Manchester M15 4FA2
£172K03/240.4 mi7, St Wilfrids Street, Manchester, Greater Manchester M15 5XE2
£220K06/210.42 mi29, Rozel Square, Manchester, Greater Manchester M3 4FQ2
£277K07/210.44 mi1, Culvercliffe Walk, Manchester, Greater Manchester M3 4FL2
£294K12/200.44 mi11, Culvercliff Walk, Manchester, Greater Manchester M3 4FL2
£285K06/210.45 mi28, Porchfield Square, Manchester, Greater Manchester M3 4FG2
£138K07/210.53 mi324a, Stretford Road, Manchester, Greater Manchester M15 5TP2
£157.5K04/210.53 mi15, Shawgreen Close, Manchester, Greater Manchester M15 4DR2
£165K06/230.55 mi296b, Stretford Road, Manchester, Greater Manchester M15 5TN2
£122.5K05/210.55 mi377a, Stretford Road, Manchester, Greater Manchester M15 4AW2
£160K07/210.55 mi54, Hunmanby Avenue, Manchester, Greater Manchester M15 5FE2
£160K08/230.56 mi1d, Rolls Crescent, Manchester, Greater Manchester M15 5JZ2
£161K02/240.56 mi104, Royce Road, Hulme, Manchester, Greater Manchester M15 5LA2
£137K08/210.58 mi28, Chorlton Road, Hulme, Manchester, Greater Manchester M15 4AU2
£142K05/210.58 mi56, Chorlton Road, Manchester, Greater Manchester M15 4AU2
£137.5K11/200.58 mi60, Chorlton Road, Hulme, Manchester, Greater Manchester M15 4AU2
£141.7K06/210.59 mi57, Rockdove Avenue, Manchester, Greater Manchester M15 5EH2
£142K05/210.59 mi56, Chorlton Road, Manchester, Greater Manchester M15 4AU2
£155K10/210.6 mi16, Rockdove Avenue, Manchester, Greater Manchester M15 5FH2
£171K09/210.6 mi34, Rockdove Avenue, Manchester, Greater Manchester M15 5FH2

Local Rents

50 rents from £950/mo to £2.8K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,30005/240 miThe Box Works, Worsley Street, Castlefield, Manchester, M152
£1,37503/240 miApartment 405 Box Works Worsley Street,Manchester,M15 4NU2
£1,40005/240.01 miThe Boxworks, 4 Worsley Street, Castlefield2
£1,27505/240.01 miThe Box Works, 4 Worsley Street, Manchester2
£2,60002/240.02 mi-2
£2,75005/240.04 miTimber Wharf, 32 Worsley Street, Manchester, M15 4NZ2
£1,50006/240.04 miWorsley Street, Castlefield, Manchester, M152
£1,35005/240.04 mi-2
£1,50005/240.04 miTimber Wharf, Worsley Street, Manchester, M15 4NZ2
£1,15005/240.04 miSt Georges Island, 1 Kelso Place, Castlefield, Manchester, M152
£1,29505/240.04 miSt George's Island, 1 Kelso Place, Castlefield2
£1,25005/240.04 miSt George's Island, Kelso Place, Manchester2
£1,45006/240.04 miKelso Place, Manchester2
£1,20005/240.04 miThe Base, 12 Arundel Street, Manchester City Centre, M152
£1,20006/240.04 miThe Base, 12 Arundel Street, Manchester City Centre, M152
£1,20006/240.04 miThe Base, 12 Arundel Street, Manchester City Centre, M152
£1,40005/240.04 miKelso Place, Manchester, M152
£1,25005/240.04 miThe Base, 12 Arundel Street, Castlefield, Manchester, M152
£1,30005/240.04 miBase Apartments, Castlefield2
£1,15005/240.04 miBase 12 Arundel Street, Manchester, M152
£1,12505/240.05 miBase Apartments, 12 Arundel Street, Manchester, M152
£1,25003/240.05 miThe Boxworks, Worsley Street, Castlefield, Manchester, M152
£1,59006/240.05 mi-2
£1,30006/240.06 miWorsley Mill, Castlefield, M152
£1,29505/240.06 miWorsley Mill, Blantyre Street, Manchester, M152
£1,30005/240.06 mi-2
£1,30005/240.06 miBurton Place, Manchester, M152
£1,45005/240.07 miWorsley Mill, Blantyre Street, Manchester2
£1,40002/250.07 mi-2
£1,05006/240.07 miMoho, Ellesmere Street, Castlefield, Manchester, M152
£1,18005/240.07 mi510 Moho, 42 Ellesmere Street, Manchester, M15 4FY2
£1,30001/250.08 mi-2
£1,29505/240.08 miWorsley Mill, 10 Blantyre Street, Castlefield, Manchester, M152
£1,15005/240.08 miBurton Place, Castlefield, Manchester, M152
£1,15005/240.08 miBurton Place, Castlefield, Manchester, M152
£1,15005/240.08 miBurton Place, Castlefield, Manchester, M152
£1,29505/240.08 mi-2
£1,29505/240.08 miWater Street, Manchester, M32
£1,25012/240.08 mi-2
£1,39505/240.08 miSt Georges Island, 2 Kelso Place, Castlefield, Manchester, M152
£1,39505/240.08 miKelso Place, Manchester, Greater Manchester, M152
£1,30005/240.09 miSt Georges Island, 2 Kelso Place, Castlefield, Manchester, M152
£1,10005/240.09 miCity Gate 3, 5 Blantyre Street, Castlefield, Manchester, M152
£95005/240.09 miCity Gate 3, 5 Blantyre Street, Castlefield, Manchester, M152
£1,25005/240.09 mi-2
£1,29503/250.09 mi-2
£1,25005/240.09 miWater Street, Manchester, Greater Manchester, M32
£1,20005/240.09 miWater Street, Manchester2
£1,15003/240.09 miCity Gate 3, Blantyre Street, Manchester, Greater Manchester, M152
£1,30005/240.09 miCity Gate 3, 5 Blantyre Street, Castlefield2

Local Area Statistics

Population in M15

20,050

Population in Manchester

920,095

Town centre distance

1.31 miles away

Nearest school

0.20 miles away

Nearest train station

0.36 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+14%

Sales demand

Balanced market

Capital growth (5yrs)

+39%

Property History

Listed for £270,000

November 8, 2024

Floor Plans

Description

  • Spacious First Floor Apartment +
  • Two Bedrooms +
  • Two Bathrooms +
  • Art Deco Conversion +
  • Parking Space Included +
  • Short Walk To Piccadilly Station +
  • 10 Minute Walk to Deansgate +
  • Castlefield Location +

DESCRIPTION Julie Twist Properties are delighted to present this first floor apartment in Box Works, a beautiful conversion of a 1920's art deco warehouse positioned in the highly sought after area of Castlefield. The open plan living and dining area is expansive and light, complete with a modern kitchen finished with marble worktops - creating the perfect entertaining area for guests. There are two bedrooms, both of a generous size and two bathrooms. Original features have been maintained throughout, including high ceilings, steel and concrete columns and full height sliding doors and windows. Residents also enjoy a shared landscaped garden, courtyard space and secure underground parking.
Box Works has the benefit of stunning canal walks and views nearby and is only a ten minutes' walk away from Deansgate. Castlefield also has several restaurants, pubs and bars and a convenience store located on Ellesmere Street.
 

GENERAL Rental Yield: 6.2% based on an estimated rental income of £1400pcm.
Service Charge: £4700 per annum approx
Ground Rent: Peppercorn
Lease: 999 years from 01/01/1999
Floor Area: 998 sq.ft / 92.7 sq.m
Council Tax Band: E
Management Company: Realty Management 

HALLWAY Wooden flooring, spotlights, alarm system and intercom entry system. 

LIVING AREA Wooden flooring, floor to ceiling full length double glazed windows with door opening onto the balcony, TV point, ceiling lighting and wall mounted heaters. 

KITCHEN Wooden flooring, Quartz worktops, range of wall and base units, built-in oven with extractor fan above, four ring induction hob, integrated fridge, stainless steel sink with instant hot water tap and spotlights.  

BEDROOM 1 Wooden flooring, wall mounted heater, floor to ceiling full length double glazed windows with door opening onto the balcony, spotlights, sliding door leading to the living room, large built in storage cupboards which also house the boiler and have plumbing for a washing machine/dryer.  

STORAGE/DRESSING AREA Accessed via Bedroom 1 and also via the hallway, there is an additional space with plenty of storage cupboards that have plumbing for a washing machine and also house the freezer. This space would be perfect to use as a dressing area or home office.  

BATHROOM Tiled flooring, spotlights, partially frosted glass walls, bath with shower attachment over, WC, sink with mixer tap, extractor fan. 

BEDROOM 2 Wooden flooring, ceiling lights, wall mounted heater, access to the ensuite, access to built in storage cupboards which also house the boiler, and a sliding door leading to the living area.  

ENSUITE Tiled flooring, tiled walls, spotlights, shower cubicle, WC, sink with mixer tap and extractor fan. 

OTHER This apartment benefits from a private balcony and residents also enjoy a shared landscaped garden and courtyard space. There is also one secure underground parking space included in the sale of this property.

Agent Details

Julie Twist Properties, Manchester

0161 524 0829

Next Steps?

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