2 Bed Flat, Single Let, Manchester, M15 4LE, £219,000

Kelso Place, 1 Kelso Place, M15 4LE - 5 views - 4 months ago

Leasehold

BTL

ROI: 4%

~68 m²

+7 photos

ValuationOvervalued

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

Square Metres	~68.11 m²
Price/m²	£3.2K/m²
Value Estimate	£199,848£199,848

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£54,750£54,750
Stamp Duty & Legal Fees	£7,770£7,770
Total Cash In	£62,520£62,520

Cash Out
Rent Range	£1,125 - £2,750£1,125 - £2,750
Rent Estimate	£1,150
Running Costs/mo	£934£934
Cashflow/mo	£216£216
Cashflow/yr	£2,588£2,588
ROI	4%4%
Gross Yield	6%6%

Local Sold Prices

50 sold prices from £102K to £430K, average is £160.5K. £1.7K/m² to £4.4K/m², average is £2.9K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£250K	07/21	0.12 mi	Flat 301, Former St. Georges Church, Arundel Street, Manchester, Greater Manchester M15 4JZ	-	-	2	Flat
£260K	06/23	0.12 mi	Flat 108, Former St. Georges Church, Arundel Street, Manchester, Greater Manchester M15 4JZ	-	-	2	Flat
£210K	09/21	0.14 mi	Flat 202, Former St. Georges Church, Arundel Street, Manchester, Greater Manchester M15 4JZ	-	-	2	Flat
£130K	01/21	0.19 mi	Flat 29, Thomas Court, Beattock Close, Manchester, Greater Manchester M15 4JA	£3,570	36	2	Flat
£173K	11/21	0.2 mi	Apartment 72, Irwell Building, Derwent Street, Salford, Greater Manchester M5 4SS	£2,932	59	2	Flat
£171.5K	07/21	0.2 mi	Apartment 49, Irwell Building, Derwent Street, Salford, Greater Manchester M5 4SS	£2,858	60	2	Flat
£180K	12/22	0.2 mi	Apartment 47, Slater House, Woden Street, Salford, Greater Manchester M5 4UE	-	-	2	Flat
£127.5K	07/23	0.23 mi	Flat 11, Miranda Court, Asgard Drive, Salford, Greater Manchester M5 4TN	-	-	2	Flat
£130K	05/23	0.23 mi	Flat 2, Miranda Court, Asgard Drive, Salford, Greater Manchester M5 4TN	-	-	2	Flat
£128K	02/21	0.23 mi	Flat 19, Miranda Court, Asgard Drive, Salford, Greater Manchester M5 4TN	-	-	2	Flat
£110K	11/20	0.24 mi	Flat 41, Cassandra Court, Asgard Drive, Salford, Greater Manchester M5 4TW	£1,746	63	2	Flat
£150K	11/22	0.24 mi	Flat 42, Cassandra Court, Asgard Drive, Salford, Greater Manchester M5 4TW	-	-	2	Flat
£153K	12/23	0.24 mi	Renolds House, Apartment 19, Everard Street, Salford, Greater Manchester M5 4UB	£2,550	60	2	Flat
£114K	11/23	0.24 mi	Apartment 1, Renolds House, Everard Street, Salford, Greater Manchester M5 4UB	-	-	2	Flat
£400K	04/21	0.25 mi	Apartment 310, Middle Warehouse, Castle Quay, Manchester, Greater Manchester M15 4NT	-	-	2	Flat
£350K	04/21	0.25 mi	Apartment 301, Middle Warehouse, Castle Quay, Manchester, Greater Manchester M15 4NT	-	-	2	Flat
£430K	01/23	0.25 mi	Suite 509, Middle Warehouse, Castle Quay, Manchester, Greater Manchester M15 4NT	-	-	2	Flat
£136.1K	01/23	0.25 mi	Flat 66, Imogen Court, Asgard Drive, Salford, Greater Manchester M5 4TQ	-	-	2	Flat
£138K	03/23	0.25 mi	Flat 102, Imogen Court, Asgard Drive, Salford, Greater Manchester M5 4TQ	-	-	2	Flat
£102K	03/21	0.25 mi	Flat 101, Imogen Court, Asgard Drive, Salford, Greater Manchester M5 4TQ	-	-	2	Flat
£138K	07/23	0.25 mi	Flat 90, Imogen Court, Asgard Drive, Salford, Greater Manchester M5 4TQ	-	-	2	Flat
£230K	08/21	0.27 mi	32, Potato Wharf, Manchester, Greater Manchester M3 4NB	£3,829	60	2	Flat
£212K	09/21	0.27 mi	28, Potato Wharf, Manchester, Greater Manchester M3 4NB	-	-	2	Flat
£210K	03/21	0.29 mi	19, Woollam Place, Manchester, Greater Manchester M3 4JJ	£3,591	58	2	Flat
£240K	04/21	0.31 mi	127f, Liverpool Road, Manchester, Greater Manchester M3 4JN	£4,138	58	2	Flat
£208K	02/21	0.31 mi	133d, Liverpool Road, Manchester, Greater Manchester M3 4JN	£3,925	53	2	Flat
£148K	05/21	0.38 mi	94, Jackson Crescent, Manchester, Greater Manchester M15 5AA	£2,596	57	2	Flat
£172.5K	06/23	0.38 mi	94, Jackson Crescent, Manchester, Greater Manchester M15 5AA	£3,026	57	2	Flat
£173.5K	12/22	0.38 mi	86, Jackson Crescent, Manchester, Greater Manchester M15 5AA	£3,044	57	2	Flat
£215K	12/22	0.38 mi	326, City Road, Manchester, Greater Manchester M15 4FA	£3,209	67	2	Flat
£170K	12/22	0.39 mi	44, Jackson Crescent, Manchester, Greater Manchester M15 5AA	£2,936	58	2	Flat
£172K	03/24	0.43 mi	7, St Wilfrids Street, Manchester, Greater Manchester M15 5XE	£3,266	53	2	Flat
£220K	06/21	0.46 mi	29, Rozel Square, Manchester, Greater Manchester M3 4FQ	£4,284	51	2	Flat
£277K	07/21	0.47 mi	1, Culvercliffe Walk, Manchester, Greater Manchester M3 4FL	£4,123	67	2	Flat
£294K	12/20	0.47 mi	11, Culvercliff Walk, Manchester, Greater Manchester M3 4FL	£4,361	67	2	Flat
£285K	06/21	0.48 mi	28, Porchfield Square, Manchester, Greater Manchester M3 4FG	£4,279	67	2	Flat
£138K	07/21	0.54 mi	324a, Stretford Road, Manchester, Greater Manchester M15 5TP	£2,556	54	2	Flat
£157.5K	04/21	0.54 mi	15, Shawgreen Close, Manchester, Greater Manchester M15 4DR	£2,074	76	2	Flat
£122.5K	05/21	0.56 mi	377a, Stretford Road, Manchester, Greater Manchester M15 4AW	£2,207	56	2	Flat
£165K	06/23	0.57 mi	296b, Stretford Road, Manchester, Greater Manchester M15 5TN	£2,619	63	2	Flat
£160K	08/23	0.58 mi	1d, Rolls Crescent, Manchester, Greater Manchester M15 5JZ	£2,963	54	2	Flat
£137K	08/21	0.59 mi	28, Chorlton Road, Hulme, Manchester, Greater Manchester M15 4AU	£2,446	56	2	Flat
£142K	05/21	0.59 mi	56, Chorlton Road, Manchester, Greater Manchester M15 4AU	£1,919	74	2	Flat
£137.5K	11/20	0.59 mi	60, Chorlton Road, Hulme, Manchester, Greater Manchester M15 4AU	£2,371	58	2	Flat
£160K	07/21	0.59 mi	54, Hunmanby Avenue, Manchester, Greater Manchester M15 5FE	-	-	2	Flat
£161K	02/24	0.6 mi	104, Royce Road, Hulme, Manchester, Greater Manchester M15 5LA	£3,220	50	2	Flat
£142K	05/21	0.6 mi	56, Chorlton Road, Manchester, Greater Manchester M15 4AU	£1,919	74	2	Flat
£155K	09/20	0.61 mi	37, Greenwood Terrace, Salford, Greater Manchester M5 3GH	£2,464	63	2	Flat
£157.5K	05/23	0.62 mi	22, Yew Street, Hulme, Manchester, Greater Manchester M15 5YW	£2,582	61	2	Flat
£153.5K	03/21	0.62 mi	41, Greenwood Terrace, Salford, Greater Manchester M5 3GH	£2,440	63	2	Flat

Local Rents

50 rents from £1.1K/mo to £2.8K/mo, average is £1.3K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,450	06/24	0 mi	Kelso Place, Manchester	2	Flat
£1,295	05/24	0 mi	St George's Island, 1 Kelso Place, Castlefield	2	Flat
£1,250	05/24	0 mi	St George's Island, Kelso Place, Manchester	2	Flat
£1,150	05/24	0 mi	St Georges Island, 1 Kelso Place, Castlefield, Manchester, M15	2	Flat
£1,400	05/24	0.01 mi	Kelso Place, Manchester, M15	2	Flat
£1,250	03/24	0.01 mi	The Boxworks, Worsley Street, Castlefield, Manchester, M15	2	Flat
£1,590	06/24	0.04 mi	-	2	Flat
£2,750	05/24	0.04 mi	Timber Wharf, 32 Worsley Street, Manchester, M15 4NZ	2	Flat
£1,500	06/24	0.04 mi	Worsley Street, Castlefield, Manchester, M15	2	Flat
£1,350	05/24	0.04 mi	-	2	Flat
£1,500	05/24	0.04 mi	Timber Wharf, Worsley Street, Manchester, M15 4NZ	2	Flat
£1,300	05/24	0.04 mi	The Box Works, Worsley Street, Castlefield, Manchester, M15	2	Flat
£1,375	03/24	0.04 mi	Apartment 405 Box Works Worsley Street,Manchester,M15 4NU	2	Flat
£1,395	05/24	0.05 mi	Kelso Place, Manchester, Greater Manchester, M15	2	Flat
£1,395	05/24	0.05 mi	St Georges Island, 2 Kelso Place, Castlefield, Manchester, M15	2	Flat
£1,400	05/24	0.05 mi	The Boxworks, 4 Worsley Street, Castlefield	2	Flat
£1,300	05/24	0.05 mi	St Georges Island, 2 Kelso Place, Castlefield, Manchester, M15	2	Flat
£1,275	05/24	0.05 mi	The Box Works, 4 Worsley Street, Manchester	2	Flat
£1,250	12/24	0.05 mi	-	2	Flat
£2,600	02/24	0.05 mi	-	2	House
£1,295	03/25	0.05 mi	-	2	Flat
£1,125	05/24	0.05 mi	Base Apartments, 12 Arundel Street, Manchester, M15	2	Flat
£1,200	05/24	0.06 mi	The Base, 12 Arundel Street, Manchester City Centre, M15	2	Flat
£1,200	06/24	0.06 mi	The Base, 12 Arundel Street, Manchester City Centre, M15	2	Flat
£1,200	06/24	0.06 mi	The Base, 12 Arundel Street, Manchester City Centre, M15	2	Flat
£1,250	05/24	0.06 mi	The Base, 12 Arundel Street, Castlefield, Manchester, M15	2	Flat
£1,300	05/24	0.06 mi	Base Apartments, Castlefield	2	Flat
£1,150	05/24	0.06 mi	Base 12 Arundel Street, Manchester, M15	2	Flat
£1,300	05/24	0.06 mi	-	2	Flat
£1,300	05/24	0.06 mi	Burton Place, Manchester, M15	2	Flat
£1,250	05/24	0.06 mi	Water Street, Manchester, Greater Manchester, M3	2	Flat
£1,200	05/24	0.06 mi	Water Street, Manchester	2	Flat
£1,300	05/24	0.06 mi	Vie Building, 189 Water Street, Castlefield, Manchester, M3 4JD	2	Flat
£1,295	05/24	0.06 mi	-	2	Flat
£1,295	05/24	0.06 mi	Water Street, Manchester, M3	2	Flat
£1,450	05/24	0.06 mi	Water Street, Castlefield, Manchester, M3	2	Flat
£1,200	03/25	0.07 mi	-	2	Flat
£1,500	05/24	0.07 mi	Kelso Place, Manchester, Greater Manchester, M15	2	Flat
£1,200	05/24	0.07 mi	Kelso Place, Manchester, M15	2	Flat
£1,200	05/24	0.07 mi	-	2	Flat
£1,300	01/25	0.07 mi	-	2	Flat
£1,150	05/24	0.08 mi	Kelso Place, Manchester, M15	2	Flat
£1,150	05/24	0.08 mi	Burton Place, Castlefield, Manchester, M15	2	Flat
£1,150	05/24	0.08 mi	Burton Place, Castlefield, Manchester, M15	2	Flat
£1,150	05/24	0.08 mi	Burton Place, Castlefield, Manchester, M15	2	Flat
£1,195	05/24	0.08 mi	St. Georges Island, Kelso Place, Castlefield, Manchester, M15	2	Flat
£1,150	06/24	0.08 mi	Water Street, Salford, M3 4JE	2	Flat
£1,200	05/24	0.08 mi	St Georges Island, 3 Kelso Place, Castlefield, Manchester, M15	2	Flat
£1,350	05/24	0.09 mi	Water Street, Manchester, Greater Manchester, M3	2	Flat
£1,180	05/24	0.09 mi	510 Moho, 42 Ellesmere Street, Manchester, M15 4FY	2	Flat

Local Area Statistics

Population in M15	20,05020,050
Population in Manchester	920,095920,095
Town centre distance	1.32 miles away1.32 miles away
Nearest school	0.30 miles away0.30 miles away
Nearest train station	0.33 miles away0.33 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+14%+14%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+39%+39%

Property History

Listed for £219,000

November 22, 2024

Description

2 DOUBLE BEDROOMS +
FULL LENGTH BALCONY +
FULLY FURNISHED +
2 BATHROOMS +
NO PARKING +
COUNCIL TAX BAND C +
4th FLOOR +
TENANT IN SITU +

Parello are delighted to offer this 2 double bed 2 bathroom, fully furnished apartment with full length balcony. St Georges Island is on the banks of the Bridgewater Canal, which lies within the Castlefield conservation area and offers easy access to Manchester city centre. Located on 4th floor of the St Georges Island development, is this lovely 2 bedroom corner apartment has a full length balcony. A spacious open plan living area, with a fully fitted kitchen and induction hob, Two large double bedrooms, one with en-suite shower room and a main bathroom with shower over bath. The property benefits from a 24 hour concierge No allocated parking.

EPC Rating: C

Agent Details

Parello Ltd, Walkden

0161 696 1395

Next Steps?

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

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