2 Bed Flat, Single Let, Manchester, M9 8FL, £140,000
Roch Bank, Blackley, M9 8FL - 4 months ago
Under Offer
Leasehold
BTL
ROI: 7%
~84 m²





+9 photos
ValuationOvervalued
Sold Prices | £50K - £295K |
Sold Prices/m² | £831/m² - £2.1K/m² |
| |
Square Metres | ~83.61 m² |
Price/m² | £1.7K/m² |
Value Estimate | £123,694 |
Cashflows
Cash In | |
Purchase Finance | Mortgage |
Deposit (25%) | £35,000 |
Stamp Duty & Legal Fees | £8,500 |
Total Cash In | £43,500 |
| |
Cash Out | |
Rent Range | £800 - £2,300 |
Rent Estimate | £881 |
Running Costs/mo | £634 |
Cashflow/mo | £247 |
Cashflow/yr | £2,968 |
ROI | 7% |
Gross Yield | 8% |
Local Sold Prices
21 sold prices from £50K to £295K, average is £110K. £831/m² to £2.1K/m², average is £1.5K/m².
Local Rents
26 rents from £800/mo to £2.3K/mo, average is £995/mo.
Local Area Statistics
Population in M9 | 39,412 |
Population in Manchester | 920,095 |
Town centre distance | 4.93 miles away |
Nearest school | 0.30 miles away |
Nearest train station | 0.23 miles away |
| |
Rental demand | Landlord's market |
Rental growth (12m) | +45% |
Sales demand | Seller's market |
Capital growth (5yrs) | +60% |
Property History
Listed for £140,000
December 9, 2024
Floor Plans


Description
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