2 Bed Flat, Single Let, Manchester, M16 9QX, £210,000

Westpoint, 501 Chester Road, Manchester, M16 9QX - 20 views - 4 months ago

Leasehold

BTL

ROI: 9%

~68 m²

+8 photos

ValuationOvervalued

Sold Prices	£102K - £540K
Sold Prices/m²	£1.7K/m² - £3.8K/m²

Square Metres	~68.11 m²
Price/m²	£3.1K/m²
Value Estimate	£184,708£184,708

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£52,500£52,500
Stamp Duty & Legal Fees	£5,700£5,700
Total Cash In	£58,200£58,200

Cash Out
Rent Range	£950 - £1,655£950 - £1,655
Rent Estimate	£1,013
Running Costs/mo	£879£879
Cashflow/mo	£134£134
Cashflow/yr	£1,610£1,610
ROI	3%3%
Gross Yield	6%6%

Local Sold Prices

50 sold prices from £102K to £540K, average is £163.5K. £1.7K/m² to £3.8K/m², average is £2.7K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£178K	03/23	0.51 mi	15, Radclyffe Mews, Salford, Greater Manchester M5 3GD	£3,080	58	2	Flat
£170K	02/23	0.51 mi	17, Radclyffe Mews, Salford, Greater Manchester M5 3GD	£2,982	57	2	Flat
£215K	12/22	0.57 mi	326, City Road, Manchester, Greater Manchester M15 4FA	£3,209	67	2	Flat
£122.5K	05/21	0.58 mi	377a, Stretford Road, Manchester, Greater Manchester M15 4AW	£2,207	56	2	Flat
£137K	08/21	0.6 mi	28, Chorlton Road, Hulme, Manchester, Greater Manchester M15 4AU	£2,446	56	2	Flat
£142K	05/21	0.6 mi	56, Chorlton Road, Manchester, Greater Manchester M15 4AU	£1,919	74	2	Flat
£137.5K	11/20	0.6 mi	60, Chorlton Road, Hulme, Manchester, Greater Manchester M15 4AU	£2,371	58	2	Flat
£157.5K	04/21	0.6 mi	15, Shawgreen Close, Manchester, Greater Manchester M15 4DR	£2,074	76	2	Flat
£134K	10/21	0.6 mi	143c, Chorlton Road, Hulme, Manchester, Greater Manchester M15 4JG	£1,675	80	2	Flat
£174K	12/23	0.6 mi	159b, Chorlton Road, Manchester, Greater Manchester M15 4JG	£2,852	61	2	Flat
£142K	05/21	0.61 mi	56, Chorlton Road, Manchester, Greater Manchester M15 4AU	£1,919	74	2	Flat
£162K	03/23	0.63 mi	24, Bankwell Street, Hulme, Manchester, Greater Manchester M15 5LN	£2,613	62	2	Flat
£157.5K	05/23	0.66 mi	22, Yew Street, Hulme, Manchester, Greater Manchester M15 5YW	£2,582	61	2	Flat
£144K	02/21	0.66 mi	71, Drayton Street, Hulme, Manchester, Greater Manchester M15 5LL	£2,285	63	2	Flat
£144K	02/21	0.66 mi	71, Drayton Street, Hulme, Manchester, Greater Manchester M15 5LL	£2,285	63	2	Flat
£159.5K	11/22	0.67 mi	75, Drayton Street, Manchester, Greater Manchester M15 5LL	£2,557	62	2	Flat
£138K	07/21	0.67 mi	324a, Stretford Road, Manchester, Greater Manchester M15 5TP	£2,556	54	2	Flat
£153.5K	03/21	0.68 mi	41, Greenwood Terrace, Salford, Greater Manchester M5 3GH	£2,440	63	2	Flat
£160K	03/23	0.69 mi	98, Bold Street, Hulme, Manchester, Greater Manchester M15 5QH	£2,712	59	2	Flat
£180K	05/23	0.69 mi	32, Abbotside Close, Manchester, Greater Manchester M16 7RP	£3,830	47	2	Flat
£263K	12/23	0.7 mi	44, Merchants Quay, Salford, Greater Manchester M50 3XR	£3,612	73	2	Flat
£160K	08/23	0.72 mi	1d, Rolls Crescent, Manchester, Greater Manchester M15 5JZ	£2,963	54	2	Flat
£180K	12/22	0.73 mi	Apartment 47, Slater House, Woden Street, Salford, Greater Manchester M5 4UE	-	-	2	Flat
£210K	10/20	0.73 mi	88, Merchants Quay, Salford, Greater Manchester M50 3XG	£2,838	74	2	Flat
£210K	10/20	0.73 mi	88, Merchants Quay, Salford, Greater Manchester M50 3XG	£2,838	74	2	Flat
£250K	10/21	0.73 mi	62, Merchants Quay, Salford, Greater Manchester M50 3XG	£3,472	72	2	Flat
£540K	02/21	0.73 mi	15, Whalley Road, Manchester, Greater Manchester M16 8AD	£2,500	216	2	Flat
£153K	12/23	0.74 mi	Renolds House, Apartment 19, Everard Street, Salford, Greater Manchester M5 4UB	£2,550	60	2	Flat
£114K	11/23	0.74 mi	Apartment 1, Renolds House, Everard Street, Salford, Greater Manchester M5 4UB	-	-	2	Flat
£187K	05/23	0.77 mi	61, Woodlawn Court, Manchester, Greater Manchester M16 9RL	-	-	2	Flat
£205.5K	12/22	0.78 mi	53, Woodlawn Court, Manchester, Greater Manchester M16 9RL	£3,151	65	2	Flat
£250K	07/21	0.79 mi	Flat 301, Former St. Georges Church, Arundel Street, Manchester, Greater Manchester M15 4JZ	-	-	2	Flat
£260K	06/23	0.79 mi	Flat 108, Former St. Georges Church, Arundel Street, Manchester, Greater Manchester M15 4JZ	-	-	2	Flat
£165K	06/23	0.79 mi	296b, Stretford Road, Manchester, Greater Manchester M15 5TN	£2,619	63	2	Flat
£130K	01/21	0.81 mi	Flat 29, Thomas Court, Beattock Close, Manchester, Greater Manchester M15 4JA	£3,570	36	2	Flat
£195K	06/21	0.81 mi	2, Woodlawn Court, Manchester, Greater Manchester M16 9RH	£2,746	71	2	Flat
£199.9K	03/21	0.81 mi	48, Woodlawn Court, Manchester, Greater Manchester M16 9RJ	-	-	2	Flat
£210K	09/21	0.82 mi	Flat 202, Former St. Georges Church, Arundel Street, Manchester, Greater Manchester M15 4JZ	-	-	2	Flat
£148K	05/21	0.83 mi	94, Jackson Crescent, Manchester, Greater Manchester M15 5AA	£2,596	57	2	Flat
£172.5K	06/23	0.83 mi	94, Jackson Crescent, Manchester, Greater Manchester M15 5AA	£3,026	57	2	Flat
£173.5K	12/22	0.83 mi	86, Jackson Crescent, Manchester, Greater Manchester M15 5AA	£3,044	57	2	Flat
£172K	03/24	0.83 mi	7, St Wilfrids Street, Manchester, Greater Manchester M15 5XE	£3,266	53	2	Flat
£142.5K	10/23	0.85 mi	26, Chichester Road South, Hulme, Manchester, Greater Manchester M15 5QQ	£2,740	52	2	Flat
£170K	12/22	0.86 mi	44, Jackson Crescent, Manchester, Greater Manchester M15 5AA	£2,936	58	2	Flat
£136.1K	01/23	0.86 mi	Flat 66, Imogen Court, Asgard Drive, Salford, Greater Manchester M5 4TQ	-	-	2	Flat
£138K	03/23	0.86 mi	Flat 102, Imogen Court, Asgard Drive, Salford, Greater Manchester M5 4TQ	-	-	2	Flat
£102K	03/21	0.86 mi	Flat 101, Imogen Court, Asgard Drive, Salford, Greater Manchester M5 4TQ	-	-	2	Flat
£138K	07/23	0.86 mi	Flat 90, Imogen Court, Asgard Drive, Salford, Greater Manchester M5 4TQ	-	-	2	Flat
£173K	11/21	0.86 mi	Apartment 72, Irwell Building, Derwent Street, Salford, Greater Manchester M5 4SS	£2,932	59	2	Flat
£171.5K	07/21	0.86 mi	Apartment 49, Irwell Building, Derwent Street, Salford, Greater Manchester M5 4SS	£2,858	60	2	Flat

Local Rents

50 rents from £950/mo to £1.7K/mo, average is £1.3K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,460	05/24	0.01 mi	Westpoint, Chester Road	2	Flat
£995	03/25	0.08 mi	-	2	Flat
£1,250	06/24	0.13 mi	Chester Road, Old Trafford, Manchester	2	Flat
£1,050	05/24	0.15 mi	Metropolitan House, Brindley Road, Manchester, Greater Manchester, M16	2	Flat
£950	05/24	0.15 mi	Metropolitan House, Brindley Road, Manchester, Greater Manchester, M16	2	Flat
£1,050	05/24	0.15 mi	The Pulse, 25 Chorlton Street, Old Trafford, Manchester, M16	2	Flat
£1,100	05/24	0.19 mi	78 Northumberland Road, Old Trafford	2	Flat
£1,200	03/24	0.21 mi	Pulse Apartments, Manchester Street, M16	2	Flat
£1,000	05/24	0.21 mi	Manchester Road, Trafford	2	Flat
£1,100	05/24	0.21 mi	Manchester Street, Manchester, Greater Manchester, M16	2	Flat
£1,095	03/24	0.21 mi	The Pulse, 50 Manchester Street, Manchester, M16	2	Flat
£1,050	05/24	0.21 mi	Hulme, Manchester, M16	2	Flat
£1,300	05/24	0.22 mi	-	2	Flat
£1,425	05/24	0.22 mi	-	2	Flat
£1,100	05/24	0.22 mi	Pulse apartments, 50 Manchester Street, Manchester	2	Flat
£1,100	06/24	0.22 mi	Pulse apartments, 50 Manchester Street, Manchester	2	Flat
£1,100	02/24	0.22 mi	-	2	Flat
£1,400	05/24	0.22 mi	Urban Green, 75 Seymour Grove, Manchester, M16	2	Flat
£1,400	05/24	0.22 mi	Urban Green, 75 Seymour Grove, Manchester, M16	2	Flat
£1,450	05/24	0.22 mi	Urban Green, 75 Seymour Grove, Manchester, M16	2	Flat
£1,350	05/24	0.22 mi	Urban Green, 75 Seymour Grove, Manchester, M16	2	Flat
£1,350	05/24	0.22 mi	Urban Green, 75 Seymour Grove, Manchester, M16	2	Flat
£1,350	05/24	0.22 mi	Urban Green, 75 Seymour Grove, Manchester, M16	2	Flat
£1,400	05/24	0.22 mi	Urban Green, 75 Seymour Grove, Manchester, M16	2	Flat
£1,450	05/24	0.23 mi	Tower C, X1 Manchester Waters, 5 Pomona Strand , Old Trafford	2	Flat
£1,250	05/24	0.23 mi	Madison Apartments, Manchester, M16 0NB	2	Flat
£1,200	05/24	0.25 mi	Urban Green, Old Trafford	2	Flat
£1,650	05/24	0.25 mi	Urban Green, 75 Seymour Grove, Old Trafford, Manchester	2	Flat
£1,550	12/24	0.25 mi	-	2	Flat
£1,200	05/24	0.25 mi	-	2	Flat
£1,300	06/24	0.25 mi	-	2	Flat
£1,550	12/24	0.26 mi	-	2	Flat
£1,150	05/24	0.26 mi	Park Rise, Trafford Plaza, 73 Seymour Grove, Manchester, M16	2	Flat
£1,300	05/24	0.26 mi	Urban Green, Old Trafford, Manchester, M16	2	Flat
£1,350	05/24	0.27 mi	Urban Green, 75 Seymour Grove, Old Trafford	2	Flat
£1,655	05/24	0.27 mi	Urban Green, 75 Seymour Grove , Old Trafford	2	Flat
£1,400	05/24	0.27 mi	Urban Green, 75 Seymour Grove, Old Trafford	2	Flat
£1,300	05/24	0.27 mi	Urban Green , 75 Seymour Grove, Old Trafford	2	Flat
£1,445	05/24	0.27 mi	Urban Green , 75 Seymour Grove, Old Trafford	2	Flat
£1,200	05/24	0.27 mi	Urban Green, Old Trafford, M16	2	Flat
£1,300	05/24	0.27 mi	Urban Green, Old Trafford, M16	2	Flat
£1,245	05/24	0.27 mi	Urban Green, 75 Seymour Grove, Old Trafford	2	Flat
£1,500	05/24	0.27 mi	Urban Green, 75 Seymour Grove, Old Trafford	2	Flat
£1,200	05/24	0.27 mi	Urban Green , 75 Seymour Grove, Old Trafford	2	Flat
£1,250	05/24	0.27 mi	Urban Green, MN16	2	Flat
£1,300	05/24	0.27 mi	Urban Green, 75 Seymour Grove, Manchester, M16	2	Flat
£1,250	05/24	0.27 mi	Urban Green , 75 Seymour Grove, Old Trafford	2	Flat
£1,200	05/24	0.27 mi	Urban Green, 75 Seymour Grove, Old Trafford	2	Flat
£1,350	06/24	0.27 mi	Urban Green , 75 Seymour Grove, Old Trafford	2	Flat
£1,150	05/24	0.27 mi	Seymour Grove, Manchester,M16	2	Flat

Local Area Statistics

Population in M16	35,55935,559
Population in Manchester	920,095920,095
Town centre distance	1.05 miles away1.05 miles away
Nearest school	0.30 miles away0.30 miles away
Nearest train station	0.20 miles away0.20 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+36%+36%
Sales demand	Buyer's marketBuyer's market
Capital growth (5yrs)	+80%+80%

Property History

Price changed to £210,000

February 20, 2025

Listed for £150,000

December 6, 2024

Floor Plans

Description

GREAT NEWS for INVESTORS, HIGH RENTAL YIELD. VIEW TO the Manchester United. Located in the sought-after West Point development on Chester Road in Old Trafford, this two-bedroom apartment 650 Sq Ft.

EWS1 B1 rated.
Currently 10.8% Rental Yield @ £1350 PCM
Projected 11.2% Rental Yield @ £1400 PCM
Leasehold: 250 years from 2019
Service Charge: Approximately £5891 Per Annum
(All utilities bills are included in service charge)
Ground rent: 250 Per Annum
Council Tax - Band B (Trafford Council.)
EPC rating - C

Above details advised by the seller. Prospective buyers are advised to verify lease details with their solicitor

Well-connected to Manchester City Centre and Chorlton, thanks to excellent transport links.

The apartment is nestled within a secure gated community, ensuring peace of mind for residents. The accommodation comprises an open-plan kitchen/diner equipped with integrated appliances, a modern bathroom, and a spacious double bedroom with a built-in wardrobe.

Residents can enjoy a host of benefits including

Concierge service
Laundry rooms
Bike storage
On-site gym
Co-working spaces
Resident’s lounge

For those who love the outdoors, Seymour Park and Hullard Park are conveniently located nearby.

Agent Details

NEXIS Property, Manchester

0161 839 1680

Next Steps?

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

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