2 Bed Flat, Single Let, Manchester, M16 8HS, £130,000

36 Stanley Road, Whalley Range, Manchester. M16 8HS - 16 views - 4 months ago

Sold STC
Leasehold
BTL
ROI: 7%
44 m²
+5 photos

ValuationFair Value

Sold Prices£95.5K - £640K
Sold Prices/m²£1.5K/m² - £4.2K/m²

 

 

Square Metres

43.83 m²
Price/m²£3K/m²

Value Estimate

£127,974

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£32,500

Stamp Duty & Legal Fees

£5,100

Total Cash In

£37,600

 

 

Cash Out

 

Rent Range

£795 - £1,375

Rent Estimate

£803

Running Costs/mo

£587

Cashflow/mo

£216

Cashflow/yr

£2,594

ROI

7%

Gross Yield

7%

Local Sold Prices

50 sold prices from £95.5K to £640K, average is £173.5K. £1.5K/m² to £4.2K/m², average is £2.9K/m².

PriceDateDistanceAddressBeds 
£640K01/240 mi26, Stanley Road, Whalley Range, Manchester, Greater Manchester M16 8HS2
£170K12/200.32 mi12, Woodgate Road, Manchester, Greater Manchester M16 8LX2
£154K07/210.32 mi10, Woodgate Road, Manchester, Greater Manchester M16 8LX2
£168K09/210.33 mi32, Holden Avenue, Manchester, Greater Manchester M16 8TA2
£200K03/240.33 mi24, Holden Avenue, Manchester, Greater Manchester M16 8TA2
£170K10/200.33 mi57, Holden Avenue, Manchester, Greater Manchester M16 8TA2
£172.5K08/210.33 mi26, Holden Avenue, Manchester, Greater Manchester M16 8TA2
£180K07/240.33 mi42, Holden Avenue, Manchester, Greater Manchester M16 8TA2
£210K08/230.33 mi18, Holden Avenue, Manchester, Greater Manchester M16 8TA2
£540K02/210.44 mi15, Whalley Road, Manchester, Greater Manchester M16 8AD2
£195K06/210.45 mi2, Woodlawn Court, Manchester, Greater Manchester M16 9RH2
£180K05/230.46 mi32, Abbotside Close, Manchester, Greater Manchester M16 7RP2
£205.5K12/220.48 mi53, Woodlawn Court, Manchester, Greater Manchester M16 9RL2
£199.9K03/210.49 mi48, Woodlawn Court, Manchester, Greater Manchester M16 9RJ2
£187K05/230.5 mi61, Woodlawn Court, Manchester, Greater Manchester M16 9RL2
£134K05/210.6 mi12, Plainsfield Street, Manchester, Greater Manchester M16 7HB2
£132K11/230.6 mi18, Plainsfield Street, Manchester, Greater Manchester M16 7HB2
£129.9K04/210.61 mi22, Wilcock Street, Manchester, Greater Manchester M16 7DA2
£160K03/230.61 mi6, Wilcock Street, Manchester, Greater Manchester M16 7DA2
£180K11/210.68 miFlat 29, Tealby Court, Wilbraham Road, Manchester, Greater Manchester M21 0XB2
£190K06/210.68 miFlat 25, Tealby Court, Wilbraham Road, Manchester, Greater Manchester M21 0XB2
£174K09/210.68 miFlat 19, Tealby Court, Wilbraham Road, Manchester, Greater Manchester M21 0XB2
£215K10/220.68 miFlat 11, Tealby Court, Wilbraham Road, Manchester, Greater Manchester M21 0XB2
£212.5K09/230.68 miFlat 19, Tealby Court, Wilbraham Road, Manchester, Greater Manchester M21 0XB2
£185K04/210.68 miFlat 18, Tealby Court, Wilbraham Road, Manchester, Greater Manchester M21 0XB2
£185K07/210.68 miFlat 12, Tealby Court, Wilbraham Road, Manchester, Greater Manchester M21 0XB2
£185K03/210.68 miFlat 16, Tealby Court, Wilbraham Road, Manchester, Greater Manchester M21 0XB2
£173K01/230.68 miFlat 36, Tealby Court, Wilbraham Road, Manchester, Greater Manchester M21 0XB2
£137K03/210.79 mi66, Peregrine Street, Manchester, Greater Manchester M15 5PU2
£135K07/230.79 mi45, St Mary's Street, Hulme, Manchester, Greater Manchester M15 5WB2
£148K03/230.79 mi33, St Mary's Street, Hulme, Manchester, Greater Manchester M15 5WB2
£170K03/230.8 mi21, Betsham Street, Manchester, Greater Manchester M15 5JN2
£127.5K12/200.81 mi52, Hulme High Street, Hulme, Manchester, Greater Manchester M15 5JP2
£125K10/200.81 mi98, Hulme High Street, Manchester, Greater Manchester M15 5JP2
£134K04/210.82 mi16, Rook Street, Manchester, Greater Manchester M15 5PS2
£150K12/220.84 mi41, St Mary's Street, Hulme, Manchester, Greater Manchester M15 5WB2
£160K03/230.84 mi98, Bold Street, Hulme, Manchester, Greater Manchester M15 5QH2
£230K10/230.85 mi8, Abbeystead Avenue, Chorlton Cum Hardy, Manchester, Greater Manchester M21 7DP2
£170K10/200.85 mi29, Chelsfield Grove, Manchester, Greater Manchester M21 7SU2
£175K06/210.85 mi31, Chelsfield Grove, Manchester, Greater Manchester M21 7SU2
£215K12/230.85 mi65, Chelsfield Grove, Manchester, Greater Manchester M21 7SU2
£186K11/200.85 mi65, Chelsfield Grove, Manchester, Greater Manchester M21 7SU2
£135K12/230.85 mi12b, Blanchard Street, Manchester, Greater Manchester M15 5PN2
£142.5K10/230.87 mi26, Chichester Road South, Hulme, Manchester, Greater Manchester M15 5QQ2
£210K10/230.88 mi92, Chelsfield Grove, Manchester, Greater Manchester M21 7BD2
£180K03/210.88 mi89, Chelsfield Grove, Manchester, Greater Manchester M21 7BD2
£210K12/220.88 mi94, Chelsfield Grove, Manchester, Greater Manchester M21 7BD2
£95.5K01/210.88 mi1, Bold Street, Hulme, Manchester, Greater Manchester M15 5QR2
£159.5K11/220.93 mi75, Drayton Street, Manchester, Greater Manchester M15 5LL2
£144K02/210.93 mi71, Drayton Street, Hulme, Manchester, Greater Manchester M15 5LL2

Local Rents

50 rents from £795/mo to £1.4K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£99512/240.02 mi-2
£99505/240.02 miStanley Road, Whalley Range, Manchester, M162
£1,10005/240.03 miStanley Road, Whalley Range, Manchester2
£1,37503/250.04 mi-2
£90005/240.04 miWellington Road, Whalley Range, Manchester. M16 8EX2
£1,00005/240.04 miFlat 4 31, Wellington Road, Manchester, M162
£1,00005/240.06 miAlness Road, Holyrood House, Manchester2
£89506/240.06 mi159 Withington Road, Manchester, M162
£99506/240.06 mi159 Withington Road, Manchester, M162
£1,25002/240.12 mi-2
£1,15005/240.13 mi-2
£1,10005/240.13 miAlexandra Road South, Whalley Range2
£1,15005/240.13 miAlexandra Park House, Manchester, M162
£1,17505/240.13 miWithington Road, Manchester2
£1,14903/250.13 mi-2
£1,05002/250.14 mi-2
£1,05005/240.14 miMayfield Road, Whalley Range2
£1,05006/240.14 miMayfield Road, Whalley Range2
£1,20005/240.14 mi-2
£1,20005/240.14 miAlexandra Apartments, Manchester, M162
£79505/240.14 miCordoba Mews, Alexandra Road South, Manchester, Greater Manchester, M162
£92505/240.14 miFlat 15 Burford Court, 1 Cotterdale Close, Whalley Range2
£1,20012/240.15 mi-2
£99512/240.16 mi-2
£89506/240.17 miRegent Court, 155-157 Withington Road, Manchester, M162
£1,25005/240.18 mi48/50 Alexandra Road South, Whalley Range, Manchester. M16 8JA2
£1,05006/240.18 mi2 Alness Road, Whalley Range, Manchester, M162
£97501/250.2 mi-2
£1,15005/240.21 miThe Gallery, Range Road, Whalley Range2
£1,35005/240.21 miRange Road, Manchester, Greater Manchester, M162
£1,10002/250.21 mi-2
£1,05005/240.21 miMayfield Mansions, Whalley Range2
£1,25005/240.21 mi18 Grosvenor Road, Manchester, M162
£1,00005/240.22 miGrosvenor Road, Whalley Range2
£99502/250.22 mi-2
£1,10006/240.25 miManley Road, Manley Road, Whalley Range2
£95005/240.25 miGreysham Court, Demesne Road, Whalley Range, Manchester, M162
£1,30006/240.26 miWithington Road, £1300pcm2
£1,15005/240.26 miBrantingham Road, Whalley Range2
£95005/240.26 miBrantingham Road, Whalley Range2
£1,20005/240.26 miBrantingham Road, Whalley Range2
£97504/250.26 mi-2
£99504/250.28 mi-2
£1,29501/250.28 mi-2
£79505/240.3 miBrantingham Road, Manchester, Greater Manchester, M162
£1,10005/240.32 miWoodgate Road, Whalley Range2
£1,25003/250.32 mi-2
£1,20004/250.32 mi-2
£1,19512/240.33 mi-2
£1,15005/240.33 miHolden Avenue, Manchester, M162

Local Area Statistics

Population in M16

35,559

Population in Manchester

920,095

Town centre distance

0.43 miles away

Nearest school

0.10 miles away

Nearest train station

0.88 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+36%

Sales demand

Buyer's market

Capital growth (5yrs)

+80%

Property History

Listed for £130,000

December 5, 2024

Description

A great opportunity to put your stamp on a 2 bedroom, period property. This 1st floor flat is located on a popular, convenient, tree lined road and is only a short walk from Alexandra Park. The keen price reflects that it needs a full refurbishment including new kitchen and bathroom.
There is communal parking and gardens and it will also benefit from a new 999 year lease. We would love to sell to 1st time buyers but it also makes for a good investment.

Agent Details

David Andrews Homes Ltd, Manchester

0161 524 8838

Next Steps?

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