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.

PriceDateDistanceAddressBeds 
£106K11/200.03 mi102, Roch Bank, Manchester, Greater Manchester M9 8FL2
£120K10/220.03 mi76, Roch Bank, Manchester, Greater Manchester M9 8FL2
£81K09/210.27 mi50, Bowker Bank Avenue, Crumpsall, Manchester, Greater Manchester M8 4LF2
£100K07/210.27 mi48, Bowker Bank Avenue, Manchester, Greater Manchester M8 4LF2
£100K11/200.32 miFlat 8, Lovell Court, Middleton Road, Manchester, Greater Manchester M8 4LB2
£141K09/230.32 miFlat 15, Lovell Court, Middleton Road, Manchester, Greater Manchester M8 4LB2
£60K04/210.39 mi3, Claythorpe Walk, Manchester, Greater Manchester M8 4JQ2
£105K09/230.39 mi10, Claythorpe Walk, Manchester, Greater Manchester M8 4JQ2
£125K07/210.39 miFlat 10, Holland Court, Holland Road, Manchester, Greater Manchester M8 4WP2
£110K05/210.4 miFlat 18, Hilltop Court, Brooklands Road, Crumpsall, Manchester, Greater Manchester M8 4JH2
£110K10/200.4 miFlat 23, Hilltop Court, Brooklands Road, Crumpsall, Manchester, Greater Manchester M8 4JH2
£50K12/200.4 mi36, Lower Brooklands Parade, Manchester, Greater Manchester M8 4JS2
£102K01/210.41 miFlat 11, Brookland Court, Middleton Road, Manchester, Greater Manchester M8 4JU2
£50K12/200.47 mi36, Lower Brooklands Parade, Manchester, Greater Manchester M8 4JS2
£163K07/230.47 miFlat 2, Haversham Court, Middleton Road, Manchester, Greater Manchester M8 4JY2
£143K03/240.48 miHaversham Court, Flat 4, Middleton Road, Manchester, Greater Manchester M8 4JY2
£110K03/210.78 miFlat 10, Milton Court, Bury Old Road, Salford, Greater Manchester M7 4QX2
£155K03/210.78 miFlat 2, Bristol Court, Bury Old Road, Salford, Greater Manchester M7 4QX2
£60K11/210.89 miFlat 35, Buckingham House, Kingsmead Mews, Manchester, Greater Manchester M9 0RT2
£295K06/210.97 miFlat 2, Lakeside Court, Old Hall Road, Salford, Greater Manchester M7 4JJ2
£170K03/210.99 mi28, Whittaker Lane, Prestwich, Manchester, Greater Manchester M25 1FX2

Local Rents

26 rents from £800/mo to £2.3K/mo, average is £995/mo.

RentDateDistanceAddressBeds 
£95007/240.03 miRochBank, Blackley, Manchester, M92
£95006/240.03 miRoch Bank, Manchester2
£1,20007/240.14 mi-2
£1,20007/240.14 miKendall Road, Manchester, M82
£82506/240.15 miWatkins Drive, Prestwich, Manchester, M252
£1,05005/240.19 miWatkins Drive, Prestwich, Manchester M25 0DR2
£90005/240.28 miLakeside Rise, Manchester, M9 8QD2
£90006/240.28 miLakeside Rise, Blackley New Road, Manchester2
£99505/240.3 miLakeside Rise, Manchester, M92
£99506/240.3 miLakeside Rise, Manchester, M92
£99506/240.3 miLakeside Rise, Manchester, M92
£97506/240.3 miLakeside Rise, Manchester, M92
£1,00007/240.3 miLakeside Rise, Manchester, M92
£1,00007/240.3 mi-2
£2,30001/250.31 mi-2
£1,10005/240.39 mi-2
£90005/240.46 miHerristone Road, Crumpsall, Manchester, M82
£80006/240.47 miMiddleton Road, Manchester2
£80006/240.47 miMiddleton Road, Manchester2
£1,20003/250.47 mi-2
£95005/240.53 mi-2
£99512/240.53 mi-2
£95002/240.55 mi-2
£95006/240.56 mi-2
£1,17503/250.59 mi-2
£1,00003/250.61 mi-2

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

  • Quiet Tree Lined Cul De Sac +
  • Third Floor Apartment +
  • Lift Assisted +
  • Two Double Bedrooms +
  • Two Bathrooms +
  • Secured Gated Parking +
  • Electric Heating +
  • UPVC Double Glazing +
  • Close to Local Amenities +
  • Excellent Transport Links +

Martin and Co are delighted to offer to the market this well presented, LIFT ASSISTED, third floor apartment. In brief the apartment comprises entrance hall, lounge/diner, fitted kitchen, TWO DOUBLE BEDROOMS (en-suite to the main) and bathroom. The apartment also benefits from electric heating, UPVC double glazing and SECURE GATED PARKING. Situated close to local amenities and excellent transport links an internal viewing is strongly recommended 

COMMUNAL ENTRANCE HALL Accessed via door entry telephone. Stairs and lift to all floors. 

PRIVATE ENTRANCE HALL Accessed via a wooden front door into L-shaped entrance hallway. Wall mounted door entry telephone. Telephone point. Decorative coving to the ceiling. Two light fittings. Access to the loft. Wall mounted electric heater. Three power points. Two useful storage cupboards one of which houses the water cylinder tank. 

LOUNGE/DINER 11' 10" x 15' 09" (3.61m x 4.8m) With UPVC double glazed windows to two aspects. Wooden laminate flooring. Centre light fitting. Wall mounted electric feature fire. Television aerial with satellite connection. Seven power points. Archway leading to the kitchen. 

KITCHEN 6' 05" x 11' 09" (1.96m x 3.58m) With a range of wall and base units in high gloss White with contrasting work tops over incorporating a single drainer sink unit with mixer taps. Recess plumbing for washing machine. Integrated electric oven with four ring electric hob with recess extractor canopy hood over. Integrated fridge and freezer. Integrated washing machine. South facing UPVC double glazed windows to the side aspect. Centre light fitting. Five power points. 

BEDROOM ONE 9' 08" x 10' 02" (2.95m x 3.1m) With UPVC double glazed windows. Wall mounted electric heater. Centre light fitting. Door leading to the en suite. Telephone point. Six power points. 

EN SUITE With two piece suite in White comprising low level toilet and pedestal wash hand basin. Fully tiled walk in shower cubicle. Light fitting. Electric heater. Shaver point. 

BEDROOM TWO 7' 10" x 11' 10" (2.39m x 3.61m) With UPVC double glazed windows to the rear aspect. Wall mounted electric heater. Centre light fitting. Ample space for bedroom furniture. Four power points. 

BATHROOM With a three piece suite in White comprising low level toilet, pedestal wash hand basin and panelled bath. Part ceramic tiling to the walls. Centre light fitting. Electric heater. Wall mounted Chrome heated towel rail. Shaver point.
 

TO THE OUTSIDE Well maintained communal gardens. One allocated car park space in a secure gated car park. 

ADDITIONAL INFORMATION The property is in Council Tax Band C.

We have been advised by the vendor that the service charge £1,560 per annum.

We have been advised by the vendor that the ground rent is £100 per annum.

We have been advised by the vendor that there are 104 years remaining on lease.

Agent Details

Martin & Co, Prestwich

0161 524 3539

Next Steps?

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