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

Copper Place, Rusholme, Manchester, M14 7FZ - 2 months ago

Leasehold
BTL
ROI: 6%
~68 m²
+8 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

£194,701
BMV18%

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

£997

Running Costs/mo

£735

Cashflow/mo

£262

Cashflow/yr

£3,144

ROI

6%

Gross Yield

7%

Local Sold Prices

42 sold prices from £113K to £640K, average is £168.4K. £1.9K/m² to £3.4K/m², average is £2.9K/m².

PriceDateDistanceAddressBeds 
£159.5K12/230.2 mi14, Bucklow Avenue, Manchester, Greater Manchester M14 7AR2
£131K12/200.2 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
£113K01/230.66 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
£213K10/210.74 mi32, Willow Bank, Manchester, Greater Manchester M14 6XT2
£202K12/220.74 mi30, Willow Bank, Manchester, Greater Manchester M14 6XT2
£185K12/220.75 miFlat 46, Thorne House, Wilmslow Road, Manchester, Greater Manchester M14 6DW2
£155K12/200.78 miFlat 4, Willow Court, Willow Bank, Manchester, Greater Manchester M14 6XP2
£640K01/240.78 mi26, Stanley Road, Whalley Range, Manchester, Greater Manchester M16 8HS2
£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
£169K12/200.89 mi50, Strathblane Close, Manchester, Greater Manchester M20 3FZ2
£176.6K02/230.9 mi20, Gwynant Place, Manchester, Greater Manchester M20 4AE2
£190K04/210.9 mi30, Meltham Avenue, Manchester, Greater Manchester M20 1FF2
£129K05/230.91 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
£450K07/210.98 mi1, Parsonage Road, Manchester, Greater Manchester M20 4PB2
£129.9K04/210.99 mi22, Wilcock Street, Manchester, Greater Manchester M16 7DA2

Local Rents

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

RentDateDistanceAddressBeds 
£1,10005/240.01 miCopper Place, Fallowfield, Manchester, M142
£1,05005/240.01 mi-2
£1,05005/240.01 miCopper Place, Manchester, M142
£1,10005/240.16 miHorton Road, Fallowfield, Manchester, M142
£1,25005/240.16 miThornton Road, Manchester, Greater Manchester, M142
£1,00005/240.17 miThornton Road, Fallowfield, Manchester, M142
£1,30005/240.17 miThornton Road, Manchester M142
£1,15012/240.22 mi-2
£1,10006/240.23 miDorset Avenue, Manchester, Greater Manchester, M142
£1,17505/240.23 miDorset Avenue, Manchester, Greater Manchester, M142
£1,40005/240.23 miHorton Road, Rusholme, Manchester, M142
£1,20012/240.25 mi-2
£1,20006/240.25 miVentura Close, Manchester, M142
£1,07505/240.25 miPLATT LANE, RUSHOLME, Manchester M14 5WH2
£1,00005/240.26 miThornton Road, Manchester2
£1,00006/240.26 miThornton Road, Manchester2
£1,20005/240.26 miBrockley Avenue, Fallowfield, Manchester2
£1,00005/240.29 miLloyd Street South, Manchester, M14 7HS2
£1,20012/240.3 mi-2
£1,10006/240.31 mi-2
£1,20012/240.31 mi-2
£1,25003/250.31 mi-2
£1,30005/240.31 miPrincess Road, Manchester, M142
£1,30006/240.31 mi-2
£1,20005/240.31 miBlue Moon Way, Manchester, M142
£1,50003/250.31 mi-2
£1,40012/240.31 mi-2
£1,40005/240.31 miBluemoonway, Manchester, M142
£1,35003/250.33 mi-2
£1,10002/240.33 mi-2
£1,60012/240.34 mi-2
£1,10005/240.34 miThornton Road, Fallowfield, M142
£92505/240.35 miYew Tree Avenue, Fallowfield, Manchester, M142
£1,34005/240.36 miEdith Avenue, Fallowfield, Manchester, M142
£1,20005/240.36 miEdith Avenue, Manchester2
£1,10005/240.37 miLynton Street, Manchester2
£2,90012/240.37 mi-2
£88003/240.4 miBoscombe Street, Manchester, Greater Manchester, M142
£1,37005/240.4 miDriffield Street, Rusholme, Manchester, M142
£1,09505/240.42 miHart Road, Fallowfield, M14 7BB2
£99505/240.42 miMarkington Street, Manchester, Greater Manchester, M142
£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
£1,25002/250.47 mi-2
£1,20005/240.48 mi-2
£1,20005/240.48 miWincombe Street, Manchester2
£1,38505/240.48 miLetchworth Street, Rusholme, Manchester, M142
£1,34005/240.49 miCamborne Street, Rusholme, Manchester, M142
£1,34005/240.49 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 6, 2025

Floor Plans

Description

  • Fourth floor with balcony +
  • Open plan living/dining/kitchen space +
  • En-suite to master bedroom +
  • Secure parking +
  • Potential rental income of circa £1200pcm +
  • Jack and Gill Bathroom +
  • Two double bedrooms +
  • Fitted wardrobes +

*  Brochure awaiting vendor approval * Nicholas Humphreys are delighted to bring this fourth floor two bedroom apartment to the market. The property is available with vacant possession and would suit either first time buyers or owner occupiers. Apartments in the building are advertised for rental between £1100-£1250pcm. The property has just been redecorated. The property briefly comprises of; Entrance hallway with a large storage cupboard, and doors leading to the rest of the apartment Master bedroom The master bedroom has fitted wardrobes, access to the balcony, and an en-suite shower room. Jack & Jill Bathroom The main bathroom can be accessed from both the entrance hallway and the second double bedroom, and contains a bath with a shower over it, a W/C and a wash hand basin with a mirror cabinet above.  Second double bedroom This bedroom benefits from direct access to the main bathroom, and built in wardrobes.  Open plan living space The living space also has access to the balcony, and features a fitted kitchen with a fitted electric oven and hob, fitted fridge freezer, freestanding washing machine and also houses the boiler.  There is parking with the apartment.  Ground rent £268.39 p/a Annual service charge £2,761.65 999 years from 1st January 2006. REFERRAL ARRANGEMENT NOTE
Nicholas Humphreys Estate Agents will sometimes refer sellers (and will offer to refer buyers) to Hargreaves Gilman, Altium Law & Simply Conveyancing for conveyancing services. It is your decision as to whether or not you choose to deal with these conveyancers. Should you decide to use the conveyancers named above, you should know that Nicholas Humphreys Estate Agents would receive a referral fee of up to £240 including VAT from them, for recommending you to them.
Nicholas Humphreys Estate Agents will sometimes refer buyers to East Cheshire Mortgages and The Mortgage Advisor for mortgage services. . It is your decision as to whether or not you choose to deal with these mortgage brokers. Should you decide to use the broker named above, you should know that Nicholas Humphreys Estate Agents would receive a referral fee of up to £250 from them, for recommending you to them.
Nicholas Humphreys Estate Agents will sometimes refer buyers to Countrywide Surveyors. It is your decision as to whether or not you choose to deal with this company. Should you decide to use the surveyor named above, you should know that Nicholas Humphreys Estate Agents would receive a referral fee of £100 from them, for recommending you to them.
  EPC rating: C. Tenure: Leasehold, Service charge description: Service charge review date
01/01/2026
,

Agent Details

Nicholas Humphreys, Manchester

0161 524 3540

Next Steps?

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