3 Bed Flat, Single Let, Manchester, M22 4QJ, £195,000

Cedarwood Close, Northenden, Manchester, M22 4QJ - 4 views - 4 months ago

Sold STC

Leasehold

BTL

ROI: 8%

~93 m²

+8 photos

ValuationUndervalued

Sold Prices	£140K - £650K
Sold Prices/m²	£1.3K/m² - £4.1K/m²

Square Metres	~93 m²
Price/m²	£2.1K/m²
Value Estimate	£241,800£241,800
BMV	24%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£48,750£48,750
Stamp Duty & Legal Fees	£7,050£7,050
Total Cash In	£55,800£55,800

Cash Out
Rent Range	£1,200 - £3,865£1,200 - £3,865
Rent Estimate	£1,250
Running Costs/mo	£879£879
Cashflow/mo	£371£371
Cashflow/yr	£4,448£4,448
ROI	8%8%
Gross Yield	8%8%

Local Sold Prices

28 sold prices from £140K to £650K, average is £262.5K. £1.3K/m² to £4.1K/m², average is £3K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£140K	10/20	0.35 mi	430, Palatine Road, Manchester, Greater Manchester M22 4JT	£1,867	75	3	Flat
£352.5K	04/21	0.81 mi	Flat 6, Ashfield Lodge, Palatine Road, Manchester, Greater Manchester M20 2UD	-	-	3	Flat
£345K	06/21	0.81 mi	Flat 14, Ashfield Lodge, Palatine Road, Manchester, Greater Manchester M20 2UD	-	-	3	Flat
£399.5K	11/20	0.81 mi	Flat 16, Ashfield Lodge, Palatine Road, Manchester, Greater Manchester M20 2UD	-	-	3	Flat
£422.5K	01/21	0.81 mi	Flat 27, Ashfield Lodge, Palatine Road, Manchester, Greater Manchester M20 2UD	-	-	3	Flat
£650K	04/23	0.92 mi	Flat 2, Dene Manor, Dene Park, Manchester, Greater Manchester M20 2GF	-	-	3	Flat
£235K	12/22	1.06 mi	2, Glendevon Close, Manchester, Greater Manchester M22 8FB	£2,835	83	3	Flat
£205K	11/23	1.08 mi	21, Glendevon Close, Manchester, Greater Manchester M22 8FB	£2,563	80	3	Flat
£195K	05/21	1.14 mi	172, Wythenshawe Road, Manchester, Greater Manchester M23 0PF	£1,327	147	3	Flat
£205K	05/21	1.15 mi	Flat 24, Viceroy Court, Wilmslow Road, Manchester, Greater Manchester M20 2RJ	-	-	3	Flat
£260K	03/21	1.15 mi	Flat 28, Viceroy Court, Wilmslow Road, Manchester, Greater Manchester M20 2RJ	-	-	3	Flat
£265K	03/23	1.15 mi	Flat 4, Viceroy Court, Wilmslow Road, Manchester, Greater Manchester M20 2RJ	-	-	3	Flat
£290K	04/23	1.15 mi	Flat 24, Viceroy Court, Wilmslow Road, Manchester, Greater Manchester M20 2RJ	-	-	3	Flat
£295K	12/23	1.15 mi	Flat 19, Viceroy Court, Wilmslow Road, Manchester, Greater Manchester M20 2RJ	-	-	3	Flat
£352.5K	06/23	1.21 mi	36a, Crossway, Manchester, Greater Manchester M20 6TT	£4,073	87	3	Flat
£443K	02/21	1.46 mi	18, Atwood Road, Manchester, Greater Manchester M20 6TD	£3,187	139	3	Flat
£410K	10/21	1.73 mi	29, Robert Harrison Avenue, Manchester, Greater Manchester M20 1LW	£3,555	115	3	Flat
£365K	09/21	1.84 mi	135, Cavendish Road, Manchester, Greater Manchester M20 1LS	-	-	3	Flat
£174K	04/23	1.86 mi	48, Chalford Road, Manchester, Greater Manchester M23 2SG	£2,636	66	3	Flat
£140K	12/22	2.37 mi	30, Painswick Road, Manchester, Greater Manchester M22 1GG	-	-	3	Flat
£240K	04/21	2.4 mi	34, Eton Drive, Cheadle, Greater Manchester SK8 3WA	£2,824	85	3	Flat
£346K	06/21	2.5 mi	23, Beech Road, Sale, Greater Manchester M33 2EB	£3,609	96	3	Flat
£279K	09/23	2.76 mi	35, Croasdale Avenue, Manchester, Greater Manchester M14 6GU	£4,043	69	3	Flat
£170K	05/21	2.78 mi	Flat 1, Willow Court, Willow Bank, Manchester, Greater Manchester M14 6XP	-	-	3	Flat
£250K	01/23	2.79 mi	3, Croasdale Avenue, Manchester, Greater Manchester M14 6GU	£3,731	67	3	Flat
£250K	09/21	2.9 mi	Flat 3, Wrayton Lodge, Whitehall Road, Sale, Greater Manchester M33 3WJ	-	-	3	Flat
£260K	09/21	2.99 mi	Flat 3, Brooklands House, Brooklands Road, Sale, Greater Manchester M33 3QH	-	-	3	Flat
£260K	09/21	2.99 mi	Flat 3, Brooklands House, Brooklands Road, Sale, Greater Manchester M33 3QH	-	-	3	Flat

Local Rents

11 rents from £1.2K/mo to £3.9K/mo, average is £1.4K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,250	05/24	0.14 mi	West View Road, Northenden	3	Terraced House
£3,000	05/24	0.15 mi	-	3	Flat
£3,865	12/24	0.15 mi	-	3	Terraced House
£3,865	04/25	0.15 mi	-	3	Terraced House
£1,375	05/24	0.23 mi	Church Road, Manchester, Greater Manchester, M22	3	Terraced House
£1,200	05/24	0.32 mi	Palatine Road,Northenden,Manchester,M22	3	Flat
£1,250	05/24	0.33 mi	Palatine Road, Manchester, M22 $JS	3	Terraced House
£1,250	05/24	0.33 mi	Palatine Road, Manchester, M22 4JS	3	Terraced House
£1,550	05/24	0.38 mi	Roundwood Road, Manchester	3	Detached House
£1,400	05/24	0.44 mi	Howard Road, Northenden, Manchester	3	Semi-Detached House
£1,400	06/24	0.44 mi	Howard Road, Northenden, Manchester	3	Semi-Detached House

Local Area Statistics

Population in M22	42,20142,201
Population in Manchester	920,095920,095
Town centre distance	3.52 miles away3.52 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	1.22 miles away1.22 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+11%+11%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+52%+52%

Property History

Listed for £195,000

December 11, 2024

Floor Plans

Description

Sought after development +
Long lease left +
Allocated parking +
Access to the gardens +
Recently refurbished +

Welcome to this charming and recently refurbish ground floor apartment/flat, offering 3 bedrooms and 2 bathrooms. This inviting property boasts a bright and well-lit interior, perfect for creating a peaceful and stylish living space. The apartment is accessible and well-maintained, providing a clean and comfortable atmosphere for residents.

Situated in a scenic location, the property benefits from a garden area and allocated parking, enhancing its appeal. With affordable pricing, this apartment is perfect for those seeking a modern and convenient living space. Don't miss the opportunity to make this well-maintained and charming property your new home. Contact us today to arrange a viewing and secure this delightful apartment for yourself.