2 Bed Flat, Single Let, Manchester, M14 7FZ, £165,000

Copper Place, Fallowfield, M14 7FZ - 2 months ago

Sold STC
Leasehold
BTL
ROI: 6%
~68 m²
+3 photos

ValuationUndervalued

Sold Prices£113K - £640K
Sold Prices/m²£1.9K/m² - £3.4K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.4K/m²

Value Estimate

£192,703
BMV17%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£41,250

Stamp Duty & Legal Fees

£10,250

Total Cash In

£51,500

 

 

Cash Out

 

Rent Range

£880 - £2,900

Rent Estimate

£998

Running Costs/mo

£735

Cashflow/mo

£263

Cashflow/yr

£3,153

ROI

6%

Gross Yield

7%

Local Sold Prices

44 sold prices from £113K to £640K, average is £166.5K. £1.9K/m² to £3.4K/m², average is £2.8K/m².

PriceDateDistanceAddressBeds 
£159.5K12/230.19 mi14, Bucklow Avenue, Manchester, Greater Manchester M14 7AR2
£131K12/200.19 mi14, Bucklow Avenue, Manchester, Greater Manchester M14 7AR2
£135K02/230.22 mi19, Bucklow Avenue, Manchester, Greater Manchester M14 7AR2
£147K09/210.59 mi66, Chervil Close, Manchester, Greater Manchester M14 7DP2
£162K08/230.59 mi66, Chervil Close, Manchester, Greater Manchester M14 7DP2
£149.9K06/230.59 mi10, Chervil Close, Manchester, Greater Manchester M14 7DP2
£131K05/210.59 mi74, Chervil Close, Manchester, Greater Manchester M14 7DP2
£113K01/230.67 mi22, Kinderton Avenue, Manchester, Greater Manchester M20 1AL2
£168K09/210.72 mi32, Holden Avenue, Manchester, Greater Manchester M16 8TA2
£200K03/240.72 mi24, Holden Avenue, Manchester, Greater Manchester M16 8TA2
£170K10/200.72 mi57, Holden Avenue, Manchester, Greater Manchester M16 8TA2
£172.5K08/210.72 mi26, Holden Avenue, Manchester, Greater Manchester M16 8TA2
£180K07/240.72 mi42, Holden Avenue, Manchester, Greater Manchester M16 8TA2
£210K08/230.72 mi18, Holden Avenue, Manchester, Greater Manchester M16 8TA2
£170K12/200.74 mi12, Woodgate Road, Manchester, Greater Manchester M16 8LX2
£154K07/210.74 mi10, Woodgate Road, Manchester, Greater Manchester M16 8LX2
£213K10/210.75 mi32, Willow Bank, Manchester, Greater Manchester M14 6XT2
£202K12/220.75 mi30, Willow Bank, Manchester, Greater Manchester M14 6XT2
£185K12/220.75 miFlat 46, Thorne House, Wilmslow Road, Manchester, Greater Manchester M14 6DW2
£640K01/240.78 mi26, Stanley Road, Whalley Range, Manchester, Greater Manchester M16 8HS2
£155K12/200.78 miFlat 4, Willow Court, Willow Bank, Manchester, Greater Manchester M14 6XP2
£203K12/220.8 miFlat 68, Thorne House, Wilmslow Road, Manchester, Greater Manchester M14 6DW2
£250K12/220.8 miFlat 56, Appleby Lodge, Wilmslow Road, Manchester, Greater Manchester M14 6HY2
£155K10/210.8 miFlat 65, Thorne House, Wilmslow Road, Manchester, Greater Manchester M14 6DW2
£125K06/230.8 miFlat 12, Thorne House, Wilmslow Road, Manchester, Greater Manchester M14 6DW2
£168.8K11/220.8 miFlat 26, Thorne House, Wilmslow Road, Manchester, Greater Manchester M14 6DW2
£187.5K12/220.8 miFlat 18, Thorne House, Wilmslow Road, Manchester, Greater Manchester M14 6DW2
£165K05/210.82 miFlat 95, Appleby Lodge, Wilmslow Road, Manchester, Greater Manchester M14 6HG2
£135.5K01/210.84 mi14 Agnes Court, Wilmslow Road, Manchester, Greater Manchester M14 6AJ2
£169K12/200.9 mi50, Strathblane Close, Manchester, Greater Manchester M20 3FZ2
£176.6K02/230.91 mi20, Gwynant Place, Manchester, Greater Manchester M20 4AE2
£190K04/210.91 mi30, Meltham Avenue, Manchester, Greater Manchester M20 1FF2
£129K05/230.92 miFlat 7, Delamere House, Brook Road, Manchester, Greater Manchester M14 6UJ2
£192K02/230.93 mi95, Golborne Avenue, Manchester, Greater Manchester M20 1FH2
£194K03/230.94 mi6, Thursby Avenue, Manchester, Greater Manchester M20 1FT2
£130.5K03/210.96 miFlat 3, Lees Hall Court, Lees Hall Crescent, Manchester, Greater Manchester M14 6YP2
£146.5K12/200.97 miApartment 30, Ellerslie Court, Upper Park Road, Manchester, Greater Manchester M14 5RH2
£160K02/210.97 miApartment 6, Ellerslie Court, Upper Park Road, Manchester, Greater Manchester M14 5RH2
£175K12/200.97 miApartment 7, Ellerslie Court, Upper Park Road, Manchester, Greater Manchester M14 5RH2
£160K03/230.98 mi6, Wilcock Street, Manchester, Greater Manchester M16 7DA2
£129.9K04/210.98 mi22, Wilcock Street, Manchester, Greater Manchester M16 7DA2
£450K07/210.99 mi1, Parsonage Road, Manchester, Greater Manchester M20 4PB2
£134K05/211 mi12, Plainsfield Street, Manchester, Greater Manchester M16 7HB2
£132K11/231 mi18, Plainsfield Street, Manchester, Greater Manchester M16 7HB2

Local Rents

50 rents from £880/mo to £2.9K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,10005/240 miCopper Place, Fallowfield, Manchester, M142
£1,05005/240.01 mi-2
£1,05005/240.01 miCopper Place, Manchester, M142
£1,10005/240.15 miHorton Road, Fallowfield, Manchester, M142
£1,25005/240.16 miThornton Road, Manchester, Greater Manchester, M142
£1,00005/240.16 miThornton Road, Fallowfield, Manchester, M142
£1,30005/240.16 miThornton Road, Manchester M142
£1,15012/240.21 mi-2
£1,10006/240.22 miDorset Avenue, Manchester, Greater Manchester, M142
£1,17505/240.22 miDorset Avenue, Manchester, Greater Manchester, M142
£1,40005/240.23 miHorton Road, Rusholme, Manchester, M142
£1,07505/240.25 miPLATT LANE, RUSHOLME, Manchester M14 5WH2
£1,20012/240.25 mi-2
£1,20006/240.25 miVentura Close, Manchester, M142
£1,00005/240.25 miThornton Road, Manchester2
£1,00006/240.25 miThornton Road, Manchester2
£1,20005/240.26 miBrockley Avenue, Fallowfield, Manchester2
£1,00005/240.28 miLloyd Street South, Manchester, M14 7HS2
£1,20012/240.3 mi-2
£1,10006/240.3 mi-2
£1,20012/240.3 mi-2
£1,25003/250.3 mi-2
£1,20005/240.3 miBlue Moon Way, Manchester, M142
£1,30005/240.31 miPrincess Road, Manchester, M142
£1,30006/240.31 mi-2
£1,50003/250.31 mi-2
£1,40012/240.31 mi-2
£1,40005/240.31 miBluemoonway, Manchester, M142
£1,35003/250.32 mi-2
£1,10002/240.33 mi-2
£1,60012/240.33 mi-2
£1,10005/240.34 miThornton Road, Fallowfield, M142
£92505/240.34 miYew Tree Avenue, Fallowfield, Manchester, M142
£1,34005/240.36 miEdith Avenue, Fallowfield, Manchester, M142
£1,20005/240.36 miEdith Avenue, Manchester2
£1,10005/240.36 miLynton Street, Manchester2
£2,90012/240.37 mi-2
£88003/240.39 miBoscombe Street, Manchester, Greater Manchester, M142
£1,37005/240.39 miDriffield Street, Rusholme, Manchester, M142
£99505/240.42 miMarkington Street, Manchester, Greater Manchester, M142
£1,09505/240.42 miHart Road, Fallowfield, M14 7BB2
£1,05005/240.44 miParkside, Fallowfield, Manchester2
£1,10005/240.46 miCarlton Avenue, Manchester, M142
£1,33505/240.47 miRoute 1 at The Depot 2
£1,20005/240.47 mi-2
£1,20005/240.47 miWincombe Street, Manchester2
£1,25002/250.47 mi-2
£1,38505/240.48 miLetchworth Street, Rusholme, Manchester, M142
£1,34005/240.48 miCamborne Street, Rusholme, Manchester, M142
£1,34005/240.48 miCamborne Street, Rusholme, Manchester, M142

Local Area Statistics

Population in M14

52,853

Population in Manchester

920,095

Town centre distance

0.81 miles away

Nearest school

0.10 miles away

Nearest train station

1.06 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

-42%

Sales demand

Seller's market

Capital growth (5yrs)

+49%

Property History

Listed for £165,000

February 3, 2025

Description

  • Top floor +
  • Two bedrooms +
  • Two bathrooms +
  • Private balcony +
  • Secure parking +
  • No onward chain +
  • Larger than average +
  • Corner aspect +
  • Close to the Universities and City Centre +
  • Freshly decorated +

A larger than average, top floor, two double bedroom, two bathroom apartment with balcony and secure parking. Situated on Wilmslow road in a popular area of Fallowfield, perfectly positioned for a short commute into Manchester City centre and access to the universities.

The newly decorated accommodation comprises of entrance/hall, an inviting, corner aspect, open plan living and kitchen area, large private balcony which can be accessed via the living room and master bedroom. Master bedroom incorporated with double fitted wardrobes and en-suite. Second double bedroom with direct access to the three piece bathroom suite. Externally the property benefits from one secure parking space.

A great opportunity for a first time buyer or investor with rental potential of £1200pcm.

Service charge - £2761.66 per annum
Ground rent - £268.39
Lease length 999 year from 2006

Notice
Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.

Agent Details

Stevenson Whyte, Manchester

0161 524 8300

Next Steps?

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