2 Bed Flat, Single Let, Manchester, M4 7EP, £180,000

2 Isaac Way, Manchester, M4, M4 7EP - a month ago

Leasehold
BTL
ROI: 6%
45 m²
+19 photos

ValuationOvervalued











Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£45,000

Stamp Duty & Legal Fees

£10,200

Total Cash In

£55,200

 

 

Cash Out

 

Rent Range

£1,095 - £1,900

Rent Estimate

£1,100

Running Costs/mo

£803

Cashflow/mo

£298

Cashflow/yr

£3,570

ROI

6%

Gross Yield

7%













Local Rents

51 rents from £1.1K/mo to £1.9K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,30005/240 mi2 Isaac Way, Manchester, M42
£1,25006/240 miAdvent, 1 Advent Way, Manchester, M42
£1,25006/240 miAdvent, 1 Advent Way, Manchester, M42
£1,30002/240 mi-2
£1,19505/240 miAdvent House, Isaac Way, Manchester, M42
£1,15005/240 miAdvent House, Isaac Way, Manchester, M42
£1,15006/240.02 mi-2
£1,20012/240.02 mi-2
£1,10006/240.02 miLoom Building, 1 Harrison Street, Manchester, Greater Manchester, M42
£1,30012/240.02 mi-2
£1,65001/250.02 mi-2
£1,50005/240.02 miLoom Building, New Islington2
£1,22501/250.03 mi-2
£1,22501/250.03 mi-2
£1,30005/240.03 miAdvent House, Issac Way, M4 7EP2
£1,20012/240.03 miAdvent House, Manchester, M42
£1,20012/240.03 mi-2
£1,25002/250.03 mi-2
£1,35005/240.03 miLoom Building, 1 Harrison Street, M42
£1,90005/240.04 mi-2
£1,20006/240.04 mi-2
£1,39505/240.04 mi-2
£1,39505/240.04 mi-2
£1,25008/240.04 mi-2
£1,69512/240.04 mi-2
£1,29502/250.04 mi-2
£1,29501/250.04 mi-2
£1,30002/250.04 mi-2
£1,50002/240.04 mi-2
£1,20005/240.04 miLoom Building, 1 Harrison Street, Manchester, M42
£1,45005/240.05 miMalta Street, Manchester2
£1,45006/240.05 miMalta Street, Manchester2
£1,19506/240.05 mi-2
£1,09505/240.05 miAdvent 2/3, Manchester City Centre, Manchester, M42
£1,20006/240.05 miAdvent House 2, Isaac Way, New Islington, Manchester, M42
£1,10003/250.05 mi-2
£1,26003/240.05 miIsaac Way, Manchester, Greater Manchester, M42
£1,15003/240.05 miIsaac Way, Manchester, M42
£1,20005/240.05 mi-2
£1,25005/240.05 miIsaac Way, Manchester, M42
£1,10006/240.05 miIsaac Way, Manchester, Greater Manchester, M42
£1,20012/240.06 mi1 Isaac Way, Manchester, M42
£1,20005/240.06 mi-2
£1,30006/240.07 miAdvent Way, Manchester, Greater Manchester, M42
£1,40005/240.07 miPollard Street, Manchester2
£1,20006/240.07 miAlbion Works, Pollard Street, Manchester, M42
£1,45005/240.07 miAlbion Works Block D, 12 Pollard Street, Manchester2
£1,20005/240.07 miAlbion Works, Block D, 12 Pollard Street, New Islington, Manchester, M4 7AQ2
£1,15005/240.08 miAlbion Works, Pollard Street, Manchester, Greater Manchester, M42
£1,50005/240.08 miAdvent Way, Manchester, M42
£1,75006/240.08 miAdvent Way, Manchester2

Local Area Statistics

Population in M4

10,600

Population in Manchester

920,095

Town centre distance

2.15 miles away

Nearest school

0.10 miles away

Nearest train station

0.09 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+33%

Sales demand

Buyer's market

Capital growth (5yrs)

+3%

Property History

Listed for £180,000

February 5, 2025

Floor Plans

Description

  • ATTRACTIVE 2 BEDROOM APARTMENT +
  • MODERN & CONTEMPORARY INTERIOR THROUGHOUT +
  • BALCONY IDEAL FOR AL FRESCO DINING +
  • HIGHLY SOUGHT AFTER DEVELOPMENT IN ANCOATS +
  • MASTER BEDROOM EN SUITE & SEPARATE BATHROOM +
  • EASY ACCESS TO A57 MANCUNIAN WAY +
  • NO VENDOR CHAIN +
  • ALL CLADDING WORKS NOW COMPLETE +
  • WALKING DISTANCE INTO MANCHESTER CITY CENTRE +
  • EARLY & INTERNAL VIEWING HIGHLY RECOMMENDED +

The Property
BEAUTIFULLY PRESENTED TWO BED APARTMENT IN A HIGHLY SOUGHT AFTER DEVELOPMENT * IDEAL FOR FIRST TIME BUYERS, YOUNG PROFESSIONALS & BUY TO LET INVESTORS WANTING A PROPERTY WITH A TENANT ALREADY IN SITU ON A ROLLING CONTRACT * WALKING DISTANCE INTO ANCOATS & NORTHERN QUARTER SIDE OF MANCHESTER CITY CENTRE WITH THEIR ARRAY OF SHOPS, BARS, RESTAURANTS, SUPERMARKETS & GENERAL LOCAL AMENITIES * CLOSE TO NEW ISLINGTON MARINA * NEW ISLINGTON TRAM STOP, HOLT TOWN TRAM STOP & MANCHESTER PICADILLY TRAIN STATION ALL UNDER HALF A MILE FROM THE PROPERTY * EARLY & INTERNAL VIEWING HIGHLY RECOMMENDED *

Communal Entrance
Entry into the building via Intercom system with stairs and lifts to all floors.

Entrance Hall
Wooden flooring, spot lights to ceiling, wall mounted Intercom system, two separate storage cupboards, one housing washing machine.

Living Room
Wooden flooring, floor to ceiling double glazed windows, wall mounted fire, spot lights to ceiling, double glazed door leading to balcony and opening out to:-

Kitchen
A range of low and eye level units incorporating a Belfast style sink unit, built in four ring hob with stainless steel extractor fan over, built in oven and grill, built in dishwasher and fridge freezer, spot lights to ceiling, floor to ceiling double glazed window, wall mounted heater and wooden flooring.

Master Bedroom
Double glazed window, wall mounted heater and spot lights to ceiling.

Master En-suite
A three piece suite comprising of walk in shower, low level WC, pedestal wash hand basin, fully tiled walls and spot lights to ceiling.

Bedroom Two
Double glazed window, wall mounted heater and spot lights to ceiling.

Shower Room
A three piece suite comprising of separate shower cubicle, vanity unit housing WC and sink unit, fully tiled walls, spot lights to ceiling and wall mounted stainless steel heated towel rail.

Property ownership information

Ground rent review period: No review period

Service charge review period: No review period

Lease end date: 29/03/2253

Property Description Disclaimer

This is a general description of the property only, and is not intended to constitute part of an offer or contract. It has been verified by the seller(s), unless marked as 'draft'. Purplebricks conducts some valuations online and some of our customers prepare their own property descriptions, so if you decide to proceed with a viewing or an offer, please note this information may have been provided solely by the vendor, and we may not have been able to visit the property to confirm it. If you require clarification on any point then please contact us, especially if you’re traveling some distance to view. All information should be checked by your solicitor prior to exchange of contracts. Successful buyers will be required to complete anti-money laundering checks. Our partner, Lifetime Legal Limited, will carry out the initial checks on our behalf. The current non-refundable cost is £80 inc. VAT per offer. You’ll need to pay this to Lifetime Legal and complete all checks before we can issue a memorandum of sale. The cost includes obtaining relevant data and any manual checks and monitoring which might be required, and includes a range of benefits. Purplebricks will receive some of the fee taken by Lifetime Legal to compensate for its role in providing these checks.

Agent Details

Purplebricks, covering Manchester

0161 524 9265

Next Steps?

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