2 Bed Flat, Single Let, Manchester, M22 4JZ, £160,000

Pepper Close, Manchester, M22 4JZ - 1 views - 5 months ago

Leasehold
BTL
ROI: 7%
~68 m²
+7 photos

ValuationOvervalued

Sold Prices£86.5K - £800K
Sold Prices/m²£1.5K/m² - £6.7K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.3K/m²

Value Estimate

£156,238

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£40,000

Stamp Duty & Legal Fees

£9,200

Total Cash In

£49,200

 

 

Cash Out

 

Rent Range

£995 - £1,250

Rent Estimate

£995

Running Costs/mo

£719

Cashflow/mo

£276

Cashflow/yr

£3,312

ROI

7%

Gross Yield

7%

Local Sold Prices

50 sold prices from £86.5K to £800K, average is £141K. £1.5K/m² to £6.7K/m², average is £2.3K/m².

PriceDateDistanceAddressBeds 
£130K11/200 mi21, Pepper Close, Manchester, Greater Manchester M22 4JZ2
£130K05/210 mi31, Pepper Close, Manchester, Greater Manchester M22 4JZ2
£165K02/230 mi25, Pepper Close, Manchester, Greater Manchester M22 4JZ2
£160K12/220.19 mi52, Starling Close, Sharston, Manchester, Greater Manchester M22 4XS2
£170K10/220.2 mi42, Starling Close, Manchester, Greater Manchester M22 4XS2
£139.9K10/210.2 mi102, Starling Close, Sharston, Manchester, Greater Manchester M22 4XS2
£165K07/230.2 mi80, Starling Close, Sharston, Manchester, Greater Manchester M22 4XS2
£166.5K04/230.2 mi46, Starling Close, Sharston, Manchester, Greater Manchester M22 4XS2
£150K02/230.37 mi4, Fenside Road, Manchester, Greater Manchester M22 4WZ2
£125K03/210.54 mi11, Lovett Walk, Manchester, Greater Manchester M22 4LB2
£137.5K04/210.55 mi124, Royle Green Road, Manchester, Greater Manchester M22 4LD2
£120K12/200.59 mi1, Kerfoot Close, Manchester, Greater Manchester M22 4YJ2
£146K12/220.69 mi2, Bude Walk, Manchester, Greater Manchester M23 1PG2
£150K01/230.89 mi32, Floatshall Road, Manchester, Greater Manchester M23 1BX2
£115K02/210.9 mi21, Floatshall Road, Manchester, Greater Manchester M23 1WE2
£197K12/200.93 mi18, Govan Street, Manchester, Greater Manchester M22 4HA2
£142K02/211.05 mi2, Heyland Road, Manchester, Greater Manchester M23 1HE2
£130K06/211.06 mi16, Avebury Road, Manchester, Greater Manchester M23 2GE2
£135K09/231.06 mi48, Studland Road, Manchester, Greater Manchester M22 5AN2
£130K09/221.08 mi90, Oakcliffe Road, Manchester, Greater Manchester M23 1DA2
£285K05/211.08 mi15, Oakcliffe Road, Manchester, Greater Manchester M23 1DA2
£139K12/221.08 mi64, Oakcliffe Road, Manchester, Greater Manchester M23 1DA2
£143K11/221.08 mi92, Oakcliffe Road, Manchester, Greater Manchester M23 1DA2
£122.3K10/231.08 mi60, Oakcliffe Road, Manchester, Greater Manchester M23 1DA2
£150K11/231.13 mi13, Flaxwood Walk, Manchester, Greater Manchester M22 9RW2
£142K09/221.22 mi17, Portslade Walk, Manchester, Greater Manchester M23 2RQ2
£86.5K12/201.24 mi53, Longhope Road, Manchester, Greater Manchester M22 1UP2
£118K11/221.24 mi21, Longhope Road, Manchester, Greater Manchester M22 1UP2
£120K10/211.25 mi32, Beamsley Drive, Manchester, Greater Manchester M22 1TZ2
£110K09/231.28 mi104, Cotefield Road, Manchester, Greater Manchester M22 1UG2
£110K05/231.28 mi18, Ardmore Walk, Manchester, Greater Manchester M22 5QG2
£131K11/201.28 mi16, Ardmore Walk, Manchester, Greater Manchester M22 5QG2
£137.5K05/231.28 mi20, Ardmore Walk, Manchester, Greater Manchester M22 5QG2
£133K10/221.28 mi2, Borth Walk, Manchester, Greater Manchester M23 1EJ2
£97K05/231.34 mi41, Calve Croft Road, Manchester, Greater Manchester M22 5FY2
£158K08/231.45 mi2, Knowe Avenue, Manchester, Greater Manchester M22 0FG2
£100K09/231.47 mi16, Woodbridge Grove, Manchester, Greater Manchester M23 0NL2
£147K12/221.49 mi1, Foxton Walk, Manchester, Greater Manchester M23 2YE2
£185K03/241.55 mi11, Brayford Road, Manchester, Greater Manchester M22 0NS2
£150K01/231.56 mi25, Chatcombe Road, Manchester, Greater Manchester M22 1RQ2
£212.8K12/201.6 mi13, Hearthstone Close, Cheadle, Greater Manchester SK8 2NW2
£133.5K08/211.61 mi10, Barrowfield Road, Manchester, Greater Manchester M22 1RT2
£130K08/211.65 mi89, Silverdale Road, Gatley, Cheadle, Greater Manchester SK8 4RF2
£354K06/231.66 mi6, Canterbury Park, Manchester, Greater Manchester M20 2UQ2
£800K05/211.69 mi2, Plowley Close, Manchester, Greater Manchester M20 2DB2
£345K12/231.7 miFlat 9, Beechwood Court, Holme Road, Manchester, Greater Manchester M20 2UA2
£155K09/211.71 mi15, Dixon Court, Cheadle, Greater Manchester SK8 1DE2
£183K08/211.71 mi2, Dixon Court, Cheadle, Greater Manchester SK8 1DE2
£140K02/231.72 mi36, Rowarth Road, Manchester, Greater Manchester M23 2UP2
£255K01/211.72 miFlat 16, Cairncroft, Holme Road, Manchester, Greater Manchester M20 2UP2

Local Rents

31 rents from £995/mo to £1.3K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,20012/240.02 mi-2
£1,10004/250.04 mi-2
£1,15004/250.11 mi-2
£1,05005/240.11 miAltrincham Road, Manchester2
£1,20002/250.13 mi-2
£1,10002/250.13 mi-2
£1,20004/250.21 mi-2
£1,15006/240.21 miNorthumberland Way, Sharston2
£1,00004/250.22 mi-2
£1,19505/240.29 miPetworth Close, Manchester, M222
£1,10005/240.29 mi196 Altrincham Road, Manchester2
£1,05001/250.29 mi-2
£99512/240.3 mi-2
£1,20002/250.3 mi-2
£1,00005/240.3 miGreenwood Road, Wythenshawe, Manchester, M222
£1,00005/240.3 mi69 Greenwood Rd, Moss Nook2
£1,00005/240.31 mi71 Greenwood Road, Wythenshawe2
£99505/240.34 miGreenwood Road, Manchester, M222
£1,05004/250.35 mi-2
£1,05005/240.35 miAltrincham Road, Manchester, Greater Manchester, M222
£1,10005/240.35 miAltrincham Road, Manchester2
£1,15005/240.35 miTurnbury Road, Sharston, Manchester, M22 4ZB2
£1,15005/240.38 miFenside Road, Manchester2
£1,05005/240.38 mi21 Broadoak Drive, Manchester, Greater Manchester, M222
£1,15005/240.41 miStancliffe Road, Manchester, Greater Manchester, M222
£1,20006/240.5 miGreenwood Road, Wythenshawe2
£1,10005/240.53 miChaffinch Close, Sharston, M22 4WX2
£1,15012/240.54 mi-2
£1,25005/240.55 miChaffinch Close, Manchester2
£1,10009/240.61 miCranston Grove, SK82
£1,20009/240.61 miCranston Grove, Gatley, Cheadle, Cheshire, SK82

Local Area Statistics

Population in M22

42,201

Population in Manchester

920,095

Town centre distance

4.15 miles away

Nearest school

0.40 miles away

Nearest train station

0.86 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+11%

Sales demand

Seller's market

Capital growth (5yrs)

+52%

Property History

Listed for £160,000

December 5, 2024

Floor Plans

Description

  • Close to public transport +
  • En suite +
  • Shops and amenities nearby +
  • Great Location +
  • EPC rating B +

Cherry Picked Properties are please to present a superb yielding investment.

The 2 bed, 2 bath apartment with parking is situated close to all routes including M56, M60 and A34.

Tenanted until Sept 2024 this property produces a gross yield of 7.4% based on the advertised price, exceptional within this market and for this location.

There is huge employment within the area with many business parks nearby as well as Manchester airport.

Close to many driving routes including M56, M60 and A34. 

Council tax band B

EPC rating B

Call to view   

Length of lease: 999 years from the 1st of January 2005

Service charge: £ 1,896.48 per annum

Ground rent: £175 per annum

Agent Details

Cherry Picked Properties, Heald Green

0161 524 3982

Next Steps?

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