2 Bed Flat, Single Let, Manchester, M11 4TE, £120,000

3 Stillwater Drive, Sports City, Openshaw, Manchester, M11, M11 4TE - 2 months ago

Leasehold
Auction
BTL
ROI: 11%
60 m²
+3 photos

ValuationUndervalued

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

 

 

Square Metres

60 m²
Price/m²£2K/m²

Value Estimate

£141,062
BMV18%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£30,000

Stamp Duty & Legal Fees

£7,200

Total Cash In

£37,200

 

 

Cash Out

 

Rent Range

£875 - £2,700

Rent Estimate

£925

Running Costs/mo

£580

Cashflow/mo

£345

Cashflow/yr

£4,140

ROI

11%

Gross Yield

9%

Local Sold Prices

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

PriceDateDistanceAddressBeds 
£59.5K05/211.12 mi5, Crosby Road, Manchester, Greater Manchester M40 1QB2
£220K01/241.18 miBlock D, Apartment 59, Pollard Street, Manchester, Greater Manchester M4 7AT2
£85K12/231.22 mi67, Gorton Lane, Manchester, Greater Manchester M12 5WF2
£80K09/231.23 miFlat 12, Hayden Court, Sedgeford Road, Manchester, Greater Manchester M40 8QW2
£105K07/221.24 mi250a, Manor Road, Droylsden, Manchester, Greater Manchester M43 6JD2
£160K12/211.27 mi16, Kent Avenue, Droylsden, Manchester, Greater Manchester M43 6BW2
£270K05/231.38 mi17, William Jessop Court, Manchester, Greater Manchester M1 2NE2
£270K03/211.39 mi4, John Smeaton Court, Manchester, Greater Manchester M1 2NR2
£107K07/211.41 mi79, Crammond Close, Manchester, Greater Manchester M40 1PL2
£86.5K12/201.41 mi73, Crammond Close, Manchester, Greater Manchester M40 1PL2
£140K06/211.43 mi396, Greenside Lane, Droylsden, Manchester, Greater Manchester M43 7RZ2
£257K10/211.45 miFlat 50, M M2 Apartments, Pickford Street, Manchester, Greater Manchester M4 5BS2
£53K11/201.48 mi8, Ketton Close, Manchester, Greater Manchester M11 1NA2
£130K09/231.49 mi36, Tinningham Close, Manchester, Greater Manchester M11 1NB2
£150K03/211.53 mi11, Faversham Street, Manchester, Greater Manchester M40 5AR2
£160K08/211.65 mi11, Old Farm Crescent, Droylsden, Manchester, Greater Manchester M43 6EU2
£487K03/231.65 mi11, Marshall Street, Manchester, Greater Manchester M4 5FU2
£215K07/211.71 mi5, Lindrick Close, Manchester, Greater Manchester M40 3WB2
£70K02/211.73 mi2, Edale Avenue, Manchester, Greater Manchester M40 9HU2
£120K05/241.8 mi9, Mount Road, Manchester, Greater Manchester M18 7BG2
£160K03/231.81 mi22, Devonshire Street South, Manchester, Greater Manchester M13 9HA2
£130K04/211.83 mi18, Lock Keepers Court, Droylsden, Manchester, Greater Manchester M43 6GG2
£170K03/211.83 mi10, Hursthead Walk, Manchester, Greater Manchester M13 9UT2
£130K09/211.87 mi65, Abbeydale Road, Manchester, Greater Manchester M40 0AJ2
£250K11/231.88 miFlat 25, Sackville Place, Bombay Street, Manchester, Greater Manchester M1 7AT2
£213K03/211.88 miFlat 51, Sackville Place, Bombay Street, Manchester, Greater Manchester M1 7AT2
£207.5K12/201.89 miFlat 21, Granby House, Granby Row, Manchester, Greater Manchester M1 7AR2
£203K02/231.89 miFlat 31, Granby House, Granby Row, Manchester, Greater Manchester M1 7AR2
£156K02/221.91 mi16, Clapham Street, Manchester, Greater Manchester M40 0BA2
£95K10/201.91 mi108, Stanley Grove, Manchester, Greater Manchester M12 5GF2
£115K01/221.91 mi11, Mitchells Quay, Failsworth, Manchester, Greater Manchester M35 0QD2
£220K12/221.94 miApartment 39, Venice Court, Samuel Ogden Street, Manchester, Greater Manchester M1 7AX2
£180K10/201.94 miApartment 30, Venice Court, Samuel Ogden Street, Manchester, Greater Manchester M1 7AX2
£197.5K09/211.96 mi8, Bridgewater Wharf, Droylsden, Manchester, Greater Manchester M43 7ZA2
£197.5K09/211.96 mi8, Bridgewater Wharf, Droylsden, Manchester, Greater Manchester M43 7ZA2
£120K06/231.99 mi3, Egerton Mews, Droylsden, Manchester, Greater Manchester M43 6TS2
£137K09/211.99 mi16, Worthington Street, Moston, Manchester, Greater Manchester M40 0BB2

Local Rents

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

RentDateDistanceAddressBeds 
£95005/240 mi3 Stillwater Drive, Sports City, Openshaw, Manchester, M112
£97506/240 mi3 Stillwater Drive, Sports City, Openshaw, Manchester, M112
£1,09505/240 mi3 Stillwater Drive, Sportcity , Manchester, M11 4TE2
£92505/240 miStillwater Drive,Clayton,Manchester,M11 4TE2
£95005/240.03 mi5 Stillwater Drive, Openshaw, Sports City, Manchester, M112
£97505/240.03 mi5 Stillwater Drive, Sports City, Openshaw, Manchester, M112
£95005/240.03 miStillwater Drive, Sports City, Manchester, M112
£1,05006/240.04 miStillwater Drive, Sports City, Macnhester, M112
£1,05006/240.04 miStillwater Drive, 5 Stillwater Drive, Manchester2
£97505/240.04 miStillwater Drive, SportCity, Manchester, M112
£95012/240.04 mi-2
£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
£97506/240.04 mi1 Stillwater Drive, Openshaw, Sports City, Manchester, M112
£1,10006/240.05 miThe Drum, Stillwater Drive, M112
£2,70012/240.07 mi-2
£2,10001/250.07 mi-2
£1,15005/240.08 mi2 The Waterfront, Sports City, Openshaw, Manchester, M112
£1,10005/240.08 miThe Waterfront, Openshaw, Manchester, M112
£1,10005/240.09 mi2 The Waterfront, Sports City, Openshaw, Manchester, M112
£1,30005/240.1 miWesham Road, Manchester, M112
£1,30012/240.1 mi-2
£1,30012/240.1 mi-2
£1,10012/240.12 mi-2
£1,10003/250.14 mi-2
£1,20001/240.14 mi-2
£1,00005/240.15 miThe Waterfront, Manchester, M112
£1,10005/240.15 miApt 10, 2 Stuart Street, Clayton M11 4DQ2
£1,05005/240.16 miThe Drum, 2 Stuart Street, Sport City2
£1,20012/240.16 mi-2
£97502/250.16 mi-2
£1,20003/250.26 mi-2
£1,20002/250.26 mi-2
£87512/240.3 mi-2
£97505/240.32 mi-2
£1,00003/250.32 mi-2
£95001/240.32 mi-2
£1,00008/240.54 miThe Mews, Manchester, M402
£89505/240.56 mi-2
£1,15005/240.58 miDarley Street, Manchester, M112
£1,10006/240.59 miSaxon Street, Manchester, M402
£1,90005/240.6 mi-2
£1,30003/250.6 mi-2
£1,10006/240.6 miSaxon Street, Manchester, M402
£1,30008/240.6 miSaxon Street, Manchester, M402
£1,05012/240.62 mi-2
£92503/250.62 mi-2
£2,25011/240.62 mi-2

Local Area Statistics

Population in M11

20,273

Population in Manchester

920,095

Town centre distance

3.15 miles away

Nearest school

0.20 miles away

Nearest train station

0.88 miles away

 

 

Rental growth (12m)

+112%

Sales demand

Seller's market

Capital growth (5yrs)

+27%

Property History

Listed for £120,000

February 7, 2025

Floor Plans

Description

  • Mortgage Buyers Welcome +
  • Great For First Time Buyers +
  • Great Investment +
  • Close To The CO-OP Arena +
  • Close to Metrolink +
  • Great Access to City Centre +
  • First Floor Apartment +
  • Two Double Bedrooms +
  • Private Balcony +
  • Spacious Living Room +

This two-bedroom apartment is conveniently located near the Etihad Stadium and the new Co-Op Music Arena, just a short 5-minute drive from the lively Manchester city centre. The area offers a great selection of restaurants, bars, and shops, making it perfect for urban living.

The apartment features a well-designed layout with a fitted kitchen and bathroom, along with a spacious open-plan living and dining area. Furnished in a modern style, it provides a comfortable and inviting atmosphere. Situated on the first floor, the apartment includes a walk-on balcony that overlooks landscaped gardens, adding a touch of nature to your living space. Plus, secure parking is available for added convenience. This apartment combines style and practicality in a fantastic location.

Mortgage Buyers Welcome.

Subject to contract. EPC rating B.

This property is for sale by the Modern Method of Auction. Should you view, offer, or bid on the property, your information will be shared with the Auctioneer, iamsold.

This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers solicitor. This additional time allows buyers to proceed with mortgage finance (subject to lending criteria, affordability, and survey).

The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 4.50% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. The Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded.

This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack. The buyer will also make payment of £300.00 including VAT towards the preparation cost of the pack, where it has been provided by iamsold.

The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.

You may be recommended services by the Agent/IAM-Sold. Recommended services are optional and the Agent or IAM-Sold will receive payment from the provider where recommended services are taken. As such you should consider your options before accepting recommended services.

Agent Details

Thornley Groves, Manchester Southern Gateway

0161 524 4726

Next Steps?

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