2 Bed Flat, Planning Permission, Manchester, M22 4TZ, £155,000

Beech House, Sharston, M22 4TZ - 7 views - 4 months ago

Sold STC
Leasehold
BTL
Planning
ROI: 8%
~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

£150,842

Investment Opportunity

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£38,750

Stamp Duty & Legal Fees

£5,850

Total Cash In

£44,600

 

 

Cash Out

 

Rent Range

£995 - £1,400

Rent Estimate

£1,000

Running Costs/mo

£704

Cashflow/mo

£296

Cashflow/yr

£3,548

ROI

8%

Gross Yield

8%

Local Sold Prices

50 sold prices from £86.5K to £800K, average is £142.5K. £1.5K/m² to £6.7K/m², average is £2.2K/m².

PriceDateDistanceAddressBeds 
£165K02/230.13 mi25, Pepper Close, Manchester, Greater Manchester M22 4JZ2
£130K11/200.13 mi21, Pepper Close, Manchester, Greater Manchester M22 4JZ2
£130K05/210.13 mi31, Pepper Close, Manchester, Greater Manchester M22 4JZ2
£160K12/220.16 mi52, Starling Close, Sharston, Manchester, Greater Manchester M22 4XS2
£170K10/220.16 mi42, Starling Close, Manchester, Greater Manchester M22 4XS2
£139.9K10/210.16 mi102, Starling Close, Sharston, Manchester, Greater Manchester M22 4XS2
£165K07/230.16 mi80, Starling Close, Sharston, Manchester, Greater Manchester M22 4XS2
£166.5K04/230.16 mi46, Starling Close, Sharston, Manchester, Greater Manchester M22 4XS2
£150K02/230.3 mi4, Fenside Road, Manchester, Greater Manchester M22 4WZ2
£125K03/210.47 mi11, Lovett Walk, Manchester, Greater Manchester M22 4LB2
£137.5K04/210.49 mi124, Royle Green Road, Manchester, Greater Manchester M22 4LD2
£120K12/200.52 mi1, Kerfoot Close, Manchester, Greater Manchester M22 4YJ2
£146K12/220.82 mi2, Bude Walk, Manchester, Greater Manchester M23 1PG2
£197K12/200.9 mi18, Govan Street, Manchester, Greater Manchester M22 4HA2
£135K09/231.01 mi48, Studland Road, Manchester, Greater Manchester M22 5AN2
£150K01/231.01 mi32, Floatshall Road, Manchester, Greater Manchester M23 1BX2
£115K02/211.03 mi21, Floatshall Road, Manchester, Greater Manchester M23 1WE2
£142K02/211.17 mi2, Heyland Road, Manchester, Greater Manchester M23 1HE2
£130K06/211.18 mi16, Avebury Road, Manchester, Greater Manchester M23 2GE2
£130K09/221.21 mi90, Oakcliffe Road, Manchester, Greater Manchester M23 1DA2
£285K05/211.21 mi15, Oakcliffe Road, Manchester, Greater Manchester M23 1DA2
£139K12/221.21 mi64, Oakcliffe Road, Manchester, Greater Manchester M23 1DA2
£143K11/221.21 mi92, Oakcliffe Road, Manchester, Greater Manchester M23 1DA2
£122.3K10/231.21 mi60, Oakcliffe Road, Manchester, Greater Manchester M23 1DA2
£150K11/231.22 mi13, Flaxwood Walk, Manchester, Greater Manchester M22 9RW2
£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
£86.5K12/201.31 mi53, Longhope Road, Manchester, Greater Manchester M22 1UP2
£118K11/221.31 mi21, Longhope Road, Manchester, Greater Manchester M22 1UP2
£97K05/231.32 mi41, Calve Croft Road, Manchester, Greater Manchester M22 5FY2
£120K10/211.32 mi32, Beamsley Drive, Manchester, Greater Manchester M22 1TZ2
£142K09/221.35 mi17, Portslade Walk, Manchester, Greater Manchester M23 2RQ2
£110K09/231.36 mi104, Cotefield Road, Manchester, Greater Manchester M22 1UG2
£133K10/221.41 mi2, Borth Walk, Manchester, Greater Manchester M23 1EJ2
£158K08/231.47 mi2, Knowe Avenue, Manchester, Greater Manchester M22 0FG2
£212.8K12/201.48 mi13, Hearthstone Close, Cheadle, Greater Manchester SK8 2NW2
£100K09/231.55 mi16, Woodbridge Grove, Manchester, Greater Manchester M23 0NL2
£130K08/211.56 mi89, Silverdale Road, Gatley, Cheadle, Greater Manchester SK8 4RF2
£185K03/241.58 mi11, Brayford Road, Manchester, Greater Manchester M22 0NS2
£155K09/211.59 mi15, Dixon Court, Cheadle, Greater Manchester SK8 1DE2
£183K08/211.59 mi2, Dixon Court, Cheadle, Greater Manchester SK8 1DE2
£147K12/221.59 mi1, Foxton Walk, Manchester, Greater Manchester M23 2YE2
£354K06/231.6 mi6, Canterbury Park, Manchester, Greater Manchester M20 2UQ2
£800K05/211.6 mi2, Plowley Close, Manchester, Greater Manchester M20 2DB2
£345K12/231.64 miFlat 9, Beechwood Court, Holme Road, Manchester, Greater Manchester M20 2UA2
£150K01/231.65 mi25, Chatcombe Road, Manchester, Greater Manchester M22 1RQ2
£255K01/211.66 miFlat 16, Cairncroft, Holme Road, Manchester, Greater Manchester M20 2UP2
£282.5K11/231.67 miFlat 16, Cairncroft, Holme Road, Manchester, Greater Manchester M20 2UP2
£220K03/211.68 miFlat 58, Viceroy Court, Wilmslow Road, Manchester, Greater Manchester M20 2RH2

Local Rents

34 rents from £995/mo to £1.4K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,20002/250 mi-2
£1,10002/250 mi-2
£1,15004/250.04 mi-2
£1,05005/240.05 miAltrincham Road, Manchester2
£1,20004/250.08 mi-2
£1,15006/240.09 miNorthumberland Way, Sharston2
£1,00004/250.1 mi-2
£1,20012/240.13 mi-2
£1,10004/250.15 mi-2
£1,20002/250.18 mi-2
£1,05001/250.2 mi-2
£1,10005/240.21 mi196 Altrincham Road, Manchester2
£99512/240.21 mi-2
£1,19505/240.23 miPetworth Close, Manchester, M222
£1,10005/240.25 miAltrincham Road, Manchester2
£1,05005/240.27 miAltrincham Road, Manchester, Greater Manchester, M222
£1,15005/240.3 miFenside Road, Manchester2
£1,15005/240.31 miTurnbury Road, Sharston, Manchester, M22 4ZB2
£1,15005/240.39 miStancliffe Road, Manchester, Greater Manchester, M222
£1,00005/240.43 mi69 Greenwood Rd, Moss Nook2
£1,00005/240.43 miGreenwood Road, Wythenshawe, Manchester, M222
£1,00005/240.43 mi71 Greenwood Road, Wythenshawe2
£1,10005/240.44 miChaffinch Close, Sharston, M22 4WX2
£1,15012/240.45 mi-2
£1,25005/240.46 miChaffinch Close, Manchester2
£1,05005/240.47 mi21 Broadoak Drive, Manchester, Greater Manchester, M222
£99505/240.47 miGreenwood Road, Manchester, M222
£1,05004/250.47 mi-2
£1,10009/240.5 miCranston Grove, SK82
£1,20009/240.5 miCranston Grove, Gatley, Cheadle, Cheshire, SK82
£1,40005/240.53 miBronington Close, Northenden2
£1,20003/250.53 mi-2
£1,30005/240.56 mi50a Bronington Close, Northenden2
£1,10005/240.58 miRoyle Green Road, Manchester, M222

Local Area Statistics

Population in M22

42,201

Population in Manchester

920,095

Town centre distance

4.12 miles away

Nearest school

0.50 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 £155,000

December 17, 2024

Floor Plans

Description

  • Two Bedroom Ground Floor Apartment +
  • Offered For Sale with No Chain +
  • Tiled Flooring Throughout +
  • Open Plan Living Area +
  • Two Bathroom Including En Suite +
  • Allocated Gated Parking Space +
  • Popular Location Close to Motoway Network +
  • Onward Vendor Chain +
  • Ground Floor Positon +
  • Tenure - Leasehold / Council Tax Band - B / EPC - D +

A delightful apartment occupying a ground flood position within this popular and well regarded gated development. The property is located within reasonable reach of both Gatley Village and Wythenshawe Town Centre with an abundance of transport links within a stones throw. The property is offered for sale with no onward chain, perfect for both first time buyers and buy to let investors alike. The accommodation comprises of an entrance hallway with intercom system and walk in larger than average store room. Opening from the entrance hallway is a open plan contemporary living area boasting floor to ceiling windows and providing a superb living space. Incorporated is a fitted modern kitchen boasting a number of integrated appliances in addition to a range of base and eye level units. There are two double bedrooms of which the master benefits from fitted wardrobes and is served by a three piece en suite shower room. The accommodation is further served by a three piece large bathroom suite comprising a wash basin, W.C and bath with shower over. Externally, the development benefits from superb communal gardens all situated behind double electric gates with key fob entry system. The property also benefits from one allocated secure parking space.  Agents Notes: Material Information Part A: Council Tax Band - B Tenure: Leasehold - 155 years from 1st Jan 2005 Ground Rent - £170 PA Service Charge - 1,483.28 PA  Material Information Part B: Property Type: Ground Floor Apartment Property Construction: TBC Number of Rooms: Please refer to Floorplan for the number Electricity Supply: Yes Water Supply: Yes Sewerage: Mains Heating: Electric Heating Throughout. Broadband: According to Think Broadband Checker -  FTTP is available dependent on provider. Mobile Signal/Coverage: Voice & Data Available dependent on Provider (Please use link below to check your preferred provider speeds) Parking: Allocated Parking Material Information Part C: Building Safety: No known issues Restrictions: None according to the Land Registry - Please refer to the annexed Land Registry Title copy PDF Flooded: We have been advised the property has never suffered from flooding Flood Risk Rivers & Sea: No risk / Flood Risk Surface Water:  Very Low Risk Planning Permission: N/A Planning Search Accessibility / Adaptions: None Coalfield or Mining area: No Energy Rating: C Material Information: Any Information added by us has been obtained from Land Registry or Sprift, who in turn collect their information from The Land Registry and Local Government sources when relevant. We strongly advise before purchasing you check this data is correct as we cannot be held responsible for displaying the sourced information which may then turn out to be incorrect. Instances of incorrect information may be where the Land Registry has a time lag and the owner of a property has purchased the Freehold but this has not been registered yet, or where the details of the Leasehold are not obvious on the Land Registry. Human error can also account for information being incorrect and we are unable to verify if the data is correct due to how the Land Registry works. Please note, some websites might block our attempts to provide you with links to the relevant information sources, so please contact our office if you need these.

Agent Details

Andrew J Dawson, Cheadle

0161 524 3532

Next Steps?

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