2 Bed Flat, Single Let, Manchester, M11 4TG, £140,000

38 The Drum Stillwater Drive, Sportcity, Manchester, M11 4TG - 1 views - 2 months ago

Leasehold
BTL
ROI: 7%
~68 m²
+14 photos

ValuationUndervalued

Sold Prices£53K - £487K
Sold Prices/m²£778/m² - £4.2K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.1K/m²

Value Estimate

£160,131
BMV14%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£35,000

Stamp Duty & Legal Fees

£5,400

Total Cash In

£40,400

 

 

Cash Out

 

Rent Range

£875 - £2,700

Rent Estimate

£850

Running Costs/mo

£628

Cashflow/mo

£223

Cashflow/yr

£2,670

ROI

7%

Gross Yield

7%

Local Sold Prices

33 sold prices from £53K to £487K, average is £156K. £778/m² to £4.2K/m², average is £2.3K/m².

PriceDateDistanceAddressBeds 
£220K01/241.14 miBlock D, Apartment 59, Pollard Street, Manchester, Greater Manchester M4 7AT2
£59.5K05/211.16 mi5, Crosby Road, Manchester, Greater Manchester M40 1QB2
£80K09/231.21 miFlat 12, Hayden Court, Sedgeford Road, Manchester, Greater Manchester M40 8QW2
£85K12/231.22 mi67, Gorton Lane, Manchester, Greater Manchester M12 5WF2
£105K07/221.27 mi250a, Manor Road, Droylsden, Manchester, Greater Manchester M43 6JD2
£160K12/211.3 mi16, Kent Avenue, Droylsden, Manchester, Greater Manchester M43 6BW2
£270K05/231.34 mi17, William Jessop Court, Manchester, Greater Manchester M1 2NE2
£270K03/211.35 mi4, John Smeaton Court, Manchester, Greater Manchester M1 2NR2
£257K10/211.41 miFlat 50, M M2 Apartments, Pickford Street, Manchester, Greater Manchester M4 5BS2
£107K07/211.44 mi79, Crammond Close, Manchester, Greater Manchester M40 1PL2
£86.5K12/201.44 mi73, Crammond Close, Manchester, Greater Manchester M40 1PL2
£140K06/211.47 mi396, Greenside Lane, Droylsden, Manchester, Greater Manchester M43 7RZ2
£53K11/201.51 mi8, Ketton Close, Manchester, Greater Manchester M11 1NA2
£130K09/231.51 mi36, Tinningham Close, Manchester, Greater Manchester M11 1NB2
£150K03/211.54 mi11, Faversham Street, Manchester, Greater Manchester M40 5AR2
£487K03/231.61 mi11, Marshall Street, Manchester, Greater Manchester M4 5FU2
£160K08/211.69 mi11, Old Farm Crescent, Droylsden, Manchester, Greater Manchester M43 6EU2
£215K07/211.73 mi5, Lindrick Close, Manchester, Greater Manchester M40 3WB2
£70K02/211.74 mi2, Edale Avenue, Manchester, Greater Manchester M40 9HU2
£160K03/231.78 mi22, Devonshire Street South, Manchester, Greater Manchester M13 9HA2
£170K03/211.8 mi10, Hursthead Walk, Manchester, Greater Manchester M13 9UT2
£120K05/241.8 mi9, Mount Road, Manchester, Greater Manchester M18 7BG2
£250K11/231.84 miFlat 25, Sackville Place, Bombay Street, Manchester, Greater Manchester M1 7AT2
£213K03/211.84 miFlat 51, Sackville Place, Bombay Street, Manchester, Greater Manchester M1 7AT2
£207.5K12/201.85 miFlat 21, Granby House, Granby Row, Manchester, Greater Manchester M1 7AR2
£203K02/231.85 miFlat 31, Granby House, Granby Row, Manchester, Greater Manchester M1 7AR2
£130K04/211.87 mi18, Lock Keepers Court, Droylsden, Manchester, Greater Manchester M43 6GG2
£130K09/211.89 mi65, Abbeydale Road, Manchester, Greater Manchester M40 0AJ2
£220K12/221.9 miApartment 39, Venice Court, Samuel Ogden Street, Manchester, Greater Manchester M1 7AX2
£180K10/201.9 miApartment 30, Venice Court, Samuel Ogden Street, Manchester, Greater Manchester M1 7AX2
£95K10/201.91 mi108, Stanley Grove, Manchester, Greater Manchester M12 5GF2
£156K02/221.92 mi16, Clapham Street, Manchester, Greater Manchester M40 0BA2
£115K01/221.95 mi11, Mitchells Quay, Failsworth, Manchester, Greater Manchester M35 0QD2

Local Rents

47 rents from £875/mo to £2.7K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£95012/240 mi-2
£1,05006/240 miStillwater Drive, Sports City, Macnhester, M112
£1,05006/240 miStillwater Drive, 5 Stillwater Drive, Manchester2
£1,10006/240.01 miThe Drum, Stillwater Drive, M112
£95005/240.01 miStillwater Drive, Sports City, Manchester, M112
£97505/240.03 miStillwater Drive, SportCity, Manchester, M112
£95005/240.03 mi5 Stillwater Drive, Openshaw, Sports City, Manchester, M112
£97505/240.03 mi5 Stillwater Drive, Sports City, Openshaw, Manchester, M112
£2,70012/240.03 mi-2
£2,10001/250.03 mi-2
£97506/240.04 mi1 Stillwater Drive, Openshaw, Sports City, Manchester, M112
£92505/240.04 miStillwater Drive,Clayton,Manchester,M11 4TE2
£1,25012/240.04 mi-2
£1,00005/240.04 miStillwater Drive, Stillwater Drive, Manchester, M112
£1,00006/240.04 miStillwater Drive, Stillwater Drive, Manchester, M112
£1,09505/240.04 mi3 Stillwater Drive, Sportcity , Manchester, M11 4TE2
£97506/240.04 mi3 Stillwater Drive, Sports City, Openshaw, Manchester, M112
£95005/240.04 mi3 Stillwater Drive, Sports City, Openshaw, Manchester, M112
£1,15005/240.04 mi2 The Waterfront, Sports City, Openshaw, Manchester, M112
£1,10005/240.04 miThe Waterfront, Openshaw, Manchester, M112
£1,10005/240.05 mi2 The Waterfront, Sports City, Openshaw, Manchester, M112
£1,30005/240.08 miWesham Road, Manchester, M112
£1,30012/240.08 mi-2
£1,30012/240.08 mi-2
£1,10012/240.08 mi-2
£1,10003/250.1 mi-2
£1,20001/240.1 mi-2
£1,00005/240.11 miThe Waterfront, Manchester, M112
£1,10005/240.12 miApt 10, 2 Stuart Street, Clayton M11 4DQ2
£1,05005/240.12 miThe Drum, 2 Stuart Street, Sport City2
£1,20012/240.12 mi-2
£97502/250.12 mi-2
£1,20003/250.3 mi-2
£1,20002/250.3 mi-2
£87512/240.34 mi-2
£97505/240.36 mi-2
£1,00003/250.36 mi-2
£95001/240.36 mi-2
£1,00008/240.51 miThe Mews, Manchester, M402
£1,15005/240.55 miDarley Street, Manchester, M112
£1,10006/240.56 miSaxon Street, Manchester, M402
£1,10006/240.57 miSaxon Street, Manchester, M402
£1,30008/240.57 miSaxon Street, Manchester, M402
£2,25011/240.59 mi-2
£89505/240.6 mi-2
£1,07506/240.6 miPadstow Street, Sports City, Manchester, M402
£1,15008/240.6 miPadstow Street, Sports City, Manchester, M402

Local Area Statistics

Population in M11

20,273

Population in Manchester

920,095

Town centre distance

3.11 miles away

Nearest school

0.20 miles away

Nearest train station

0.84 miles away

 

 

Rental growth (12m)

+112%

Sales demand

Seller's market

Capital growth (5yrs)

+27%

Property History

Listed for £140,000

January 22, 2025

Floor Plans

Description

  • TWO DOUBLE BEDROOMS +
  • SPACIOUS OPEN PLAN LIVING & DINING ROOM +
  • FITTED KITCHEN +
  • HOUSE BATHROOM WITH SEPARATE BATH & SHOWER CUBICLE +
  • 5TH FLOOR +
  • BALCONY +
  • INTERCOM +
  • CURRENTLY LET UNTIL 17/7/24 FOR £850PCM, ACHIEVING A 7.3% RENTAL YIELD +
  • EXCELLENT TRANSPORT LINKS +
  • LOCATED AT SPORTCITY, OPPOSITE THE ETIHAD CAMPUS +

2 BED APARTMENT WITH PARKING. A two bed, 5th floor apartment in the very popular area of Sportcity, Manchester. Located next to Manchester City`s Etihad Stadium and less than 3 miles to Manchester City Centre, accessed by tram stations of Etihad Campus and Velopark with trip times to Manchester Piccadilly taking only 8 minutes.

2 BED APARTMENT WITH PARKING. An excellent two bed, 5th floor apartment in the very popular area of Sportcity, Manchester. The property comprises two double bedrooms, bathroom with separate bath and shower cubicle, hall, cupboard off hall with washing machine, open plan living and dining room through to fitted kitchen and balcony. Located next to Manchester City`s Etihad Stadium and less than 3 miles to Manchester City Centre, accessed by the tram stations of Etihad Campus and Velopark with trip times to Manchester Piccadilly taking only 8 minutes. The ring road is also easily accessed from this location, and there is a major supermarket on site offering great convenience. Currently let until 17/7/24 at £850pcm, achieving a 7.3%.

Agent Details

The Good Estate Agency, Manchester

0161 524 3447

Next Steps?

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