2 Bed Flat, Planning Permission, Manchester, M22 9AL, £120,000





ValuationUndervalued
Sold Prices | £86.5K - £185K |
Sold Prices/m² | £1.5K/m² - £2.7K/m² |
| |
Square Metres | ~68.11 m² |
Price/m² | £1.8K/m² |
Value Estimate | £145,200 |
BMV | 21% |
Investment Opportunity
Cash In | |
Purchase Finance | Mortgage |
Deposit (25%) | £30,000 |
Stamp Duty & Legal Fees | £7,200 |
Total Cash In | £37,200 |
| |
Cash Out | |
Rent Range | £950 - £1,350 |
Rent Estimate | £950 |
Running Costs/mo | £585 |
Cashflow/mo | £365 |
Cashflow/yr | £4,380 |
ROI | 12% |
Gross Yield | 10% |
Local Sold Prices
22 sold prices from £86.5K to £185K, average is £138.7K. £1.5K/m² to £2.7K/m², average is £2.3K/m².
Local Rents
17 rents from £950/mo to £1.4K/mo, average is £1K/mo.
Local Area Statistics
Population in M22 | 42,201 |
Population in Manchester | 920,095 |
Town centre distance | 4.96 miles away |
Nearest school | 0.30 miles away |
Nearest train station | 0.04 miles away |
| |
Rental demand | Landlord's market |
Rental growth (12m) | +11% |
Sales demand | Seller's market |
Capital growth (5yrs) | +52% |
Property History
Price changed to £120,000
December 20, 2024
Listed for £125,000
November 13, 2024
Floor Plans

Description
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