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

Sandycroft Avenue, Wythenshawe, Manchester, M22 9AL - 1 views - 5 months ago

Sold STC
Leasehold
BTL
Planning
ROI: 12%
~68 m²
+5 photos

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
BMV21%

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.

PriceDateDistanceAddressBeds 
£110K05/230.47 mi18, Ardmore Walk, Manchester, Greater Manchester M22 5QG2
£131K11/200.47 mi16, Ardmore Walk, Manchester, Greater Manchester M22 5QG2
£137.5K05/230.47 mi20, Ardmore Walk, Manchester, Greater Manchester M22 5QG2
£135K09/230.48 mi48, Studland Road, Manchester, Greater Manchester M22 5AN2
£97K05/230.56 mi41, Calve Croft Road, Manchester, Greater Manchester M22 5FY2
£150K02/230.61 mi4, Fenside Road, Manchester, Greater Manchester M22 4WZ2
£158K08/230.64 mi2, Knowe Avenue, Manchester, Greater Manchester M22 0FG2
£160K12/220.67 mi52, Starling Close, Sharston, Manchester, Greater Manchester M22 4XS2
£170K10/220.67 mi42, Starling Close, Manchester, Greater Manchester M22 4XS2
£139.9K10/210.67 mi102, Starling Close, Sharston, Manchester, Greater Manchester M22 4XS2
£165K07/230.67 mi80, Starling Close, Sharston, Manchester, Greater Manchester M22 4XS2
£166.5K04/230.67 mi46, Starling Close, Sharston, Manchester, Greater Manchester M22 4XS2
£86.5K12/200.69 mi53, Longhope Road, Manchester, Greater Manchester M22 1UP2
£118K11/220.69 mi21, Longhope Road, Manchester, Greater Manchester M22 1UP2
£120K10/210.7 mi32, Beamsley Drive, Manchester, Greater Manchester M22 1TZ2
£110K09/230.72 mi104, Cotefield Road, Manchester, Greater Manchester M22 1UG2
£150K11/230.75 mi13, Flaxwood Walk, Manchester, Greater Manchester M22 9RW2
£185K03/240.75 mi11, Brayford Road, Manchester, Greater Manchester M22 0NS2
£165K02/230.81 mi25, Pepper Close, Manchester, Greater Manchester M22 4JZ2
£130K11/200.82 mi21, Pepper Close, Manchester, Greater Manchester M22 4JZ2
£130K05/210.82 mi31, Pepper Close, Manchester, Greater Manchester M22 4JZ2
£146K12/220.94 mi2, Bude Walk, Manchester, Greater Manchester M23 1PG2

Local Rents

17 rents from £950/mo to £1.4K/mo, average is £1K/mo.

RentDateDistanceAddressBeds 
£95005/240 miSandycroft Avenue, Wythenshawe2
£1,00006/240 miSandycroft Avenue, Manchester, M222
£95004/250.06 mi-2
£1,35004/250.06 mi-2
£95006/240.08 miActonville Avenue, Wythenshawe2
£1,10002/250.08 mi-2
£95005/240.12 miFlat 16 2, Actonville Avenue, Manchester, M222
£97502/250.41 mi-2
£1,15005/240.45 miStancliffe Road, Manchester, Greater Manchester, M222
£99505/240.47 miArdmore Walk, Peel Estate, Manchester2
£95005/240.49 miArdmore Walk, Manchester, M222
£1,00012/240.52 mi-2
£1,10005/240.54 miSummerfield Road, Wythenshawe, Manchester, M222
£1,20005/240.54 miHaslington Drive; Wythenshawe; M222
£1,15005/240.56 miTurnbury Road, Sharston, Manchester, M22 4ZB2
£1,05005/240.56 mi21 Broadoak Drive, Manchester, Greater Manchester, M222
£1,15005/240.61 miFenside Road, Manchester2

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

  • Two Bedroom Apartment +
  • Ground Floor Position +
  • Excellent Location Close to Tram Stop +
  • Modern Three Piece Bathroom +
  • Well Presented Throughout +
  • Gated Allocated Parking +
  • Ideal Investment Opportunity +
  • No Onward Vendor Chain +
  • Popular Location Close to Gatley and Wythenshawe +
  • Tenure - Leasehold / EPC - C / Council Tax Band - B +

A well proportioned two bedroom apartment occupying a ground floor position within this popular modern development. The property is situated within easy reach of both Wythenshawe Town Centre and Gatley Village with a variety of amenities within walking distance in addition to the Metrolink Station.  Cross acres tram stop provides direct links to both Manchester City Centre as well as Manchester International Airport. This property is offered for sale with no onward chain and is perfect for both first time buyers and buy to let investors alike. The accommodation comprises of an entrance hallway with storage opening through to a large open plan lounge /dining room. The lounge diner boasts dual aspect windows flooding the room with natural light and boasts ample space for a table and chairs perfect for entertaining. Double doors off the living/dining room open into a modern fitted kitchen benefitting from a number of integrated appliances with further space space for free standing appliances. There are two well proportioned bedrooms, the master of which boasts fitted wardrobes. The apartment is further served by a three piece bathroom suite comprising of a wash basin, W.C and a bath with shower attachment over. Externally, there is gated secure off road parking with the apartment benefitting from one allocated parking space. Agents Notes: Material Information Part A: Council Tax Band - B Tenure: Leasehold - 150 years from 1 January 2004 Ground Rent - £216PA Service Charge - £271PCM (Under Review) Material Information Part B: Property Type: Ground Floor Apartment Property Construction: TBC Number of Rooms: Please refer to Floorplan for the number Electricity Supply: Yes Water Supply: Yes Sewerage: Mains Heating: Electric Heating Throughout. Broadband: According to Think Broadband Checker -  FTTP is available dependent on provider. Mobile Signal/Coverage: Voice & Data Available dependent on Provider (Please use link below to check your preferred provider speeds) Parking: Allocated Parking Material Information Part C: Building Safety: No known issues Restrictions: None according to the Land Registry - Please refer to the annexed Land Registry Title copy PDF Flooded: We have been advised the property has never suffered from flooding Flood Risk Rivers & Sea: No risk / Flood Risk Surface Water:  High Risk Planning Permission: N/A Planning Search Accessibility / Adaptions: None Coalfield or Mining area: No Energy Rating: B Material Information: Any Information added by us has been obtained from Land Registry or Sprift, who in turn collect their information from The Land Registry and Local Government sources when relevant. We strongly advise before purchasing you check this data is correct as we cannot be held responsible for displaying the sourced information which may then turn out to be incorrect. Instances of incorrect information may be where the Land Registry has a time lag and the owner of a property has purchased the Freehold but this has not been registered yet, or where the details of the Leasehold are not obvious on the Land Registry. Human error can also account for information being incorrect and we are unable to verify if the data is correct due to how the Land Registry works. Please note, some websites might block our attempts to provide you with links to the relevant information sources, so please contact our office if you need these.

Agent Details

Andrew J Dawson, Cheadle

0161 524 3532

Next Steps?

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