2 Bed Flat, Single Let, Manchester, M14 5LY, £185,000

Hadfield Close, Manchester, M14 5LY - 2 months ago

Leasehold
BTL
ROI: 3%
~70 m²
+9 photos

ValuationOvervalued

Sold Prices£123K - £250K
Sold Prices/m²£1.9K/m² - £3K/m²

 

 

Square Metres

~69.60 m²
Price/m²£2.7K/m²

Value Estimate

£171,478

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£46,250

Stamp Duty & Legal Fees

£11,650

Total Cash In

£57,900

 

 

Cash Out

 

Rent Range

£950 - £2,200

Rent Estimate

£950

Running Costs/mo

£788

Cashflow/mo

£162

Cashflow/yr

£1,943

ROI

3%

Gross Yield

6%

Local Sold Prices

33 sold prices from £123K to £250K, average is £160K. £1.9K/m² to £3K/m², average is £2.5K/m².

PriceDateDistanceAddressBeds 
£172.5K12/220 mi62, Hadfield Close, Rusholme, Manchester, Greater Manchester M14 5LY2
£160K02/210.01 mi14, Hadfield Close, Rusholme, Manchester, Greater Manchester M14 5LY2
£157.5K04/230.01 mi84, Hadfield Close, Rusholme, Manchester, Greater Manchester M14 5LY2
£175.5K03/230.01 mi60, Hadfield Close, Rusholme, Manchester, Greater Manchester M14 5LY2
£172K03/230.01 mi4, Hadfield Close, Rusholme, Manchester, Greater Manchester M14 5LY2
£171K06/230.01 mi36, Hadfield Close, Rusholme, Manchester, Greater Manchester M14 5LY2
£157.5K08/230.01 mi92, Hadfield Close, Rusholme, Manchester, Greater Manchester M14 5LY2
£170K01/230.01 mi90, Hadfield Close, Rusholme, Manchester, Greater Manchester M14 5LY2
£146.5K12/200.22 miApartment 30, Ellerslie Court, Upper Park Road, Manchester, Greater Manchester M14 5RH2
£160K02/210.22 miApartment 6, Ellerslie Court, Upper Park Road, Manchester, Greater Manchester M14 5RH2
£175K12/200.22 miApartment 7, Ellerslie Court, Upper Park Road, Manchester, Greater Manchester M14 5RH2
£180K07/210.23 miFlat 5, Ashburne House, Oxford Place, Manchester, Greater Manchester M14 5SF2
£158K10/200.23 miFlat 1, Ashburne House, Oxford Place, Manchester, Greater Manchester M14 5SF2
£139K09/210.24 miFlat 14, Egerton Court, Upper Park Road, Manchester, Greater Manchester M14 5SL2
£250K12/220.39 miFlat 56, Appleby Lodge, Wilmslow Road, Manchester, Greater Manchester M14 6HY2
£165K05/210.4 miFlat 95, Appleby Lodge, Wilmslow Road, Manchester, Greater Manchester M14 6HG2
£203K12/220.44 miFlat 68, Thorne House, Wilmslow Road, Manchester, Greater Manchester M14 6DW2
£155K10/210.44 miFlat 65, Thorne House, Wilmslow Road, Manchester, Greater Manchester M14 6DW2
£125K06/230.44 miFlat 12, Thorne House, Wilmslow Road, Manchester, Greater Manchester M14 6DW2
£168.8K11/220.44 miFlat 26, Thorne House, Wilmslow Road, Manchester, Greater Manchester M14 6DW2
£187.5K12/220.44 miFlat 18, Thorne House, Wilmslow Road, Manchester, Greater Manchester M14 6DW2
£185K12/220.48 miFlat 46, Thorne House, Wilmslow Road, Manchester, Greater Manchester M14 6DW2
£160K03/230.68 mi22, Devonshire Street South, Manchester, Greater Manchester M13 9HA2
£135K02/230.87 mi19, Bucklow Avenue, Manchester, Greater Manchester M14 7AR2
£159.5K12/230.89 mi14, Bucklow Avenue, Manchester, Greater Manchester M14 7AR2
£131K12/200.89 mi14, Bucklow Avenue, Manchester, Greater Manchester M14 7AR2
£147K09/210.94 mi66, Chervil Close, Manchester, Greater Manchester M14 7DP2
£162K08/230.94 mi66, Chervil Close, Manchester, Greater Manchester M14 7DP2
£149.9K06/230.94 mi10, Chervil Close, Manchester, Greater Manchester M14 7DP2
£131K05/210.94 mi74, Chervil Close, Manchester, Greater Manchester M14 7DP2
£130K03/230.95 miFlat 4, Park Lodge, Park Avenue, Levenshulme, Manchester, Greater Manchester M19 2EE2
£123K03/230.98 miFlat 28, Warwick House, Central Avenue, Manchester, Greater Manchester M19 2FF2
£135K04/220.98 miFlat 36, Warwick House, Central Avenue, Manchester, Greater Manchester M19 2FF2

Local Rents

50 rents from £950/mo to £2.2K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,20005/240.01 miHadfield Close, Fallowfield, Manchester, M142
£1,40005/240.01 miManchester , M142
£1,20005/240.05 miSchuster Road, Victoria Park, M142
£1,25005/240.09 miSchuster Road, Manchester, Greater Manchester, M142
£1,05006/240.11 miFitzwilliam Court, Anson Road, Victoria Park, Manchester, M142
£1,20004/250.11 mi-2
£2,20003/250.11 mi-2
£1,35004/250.12 mi-2
£1,00005/240.16 miHope Road, Manchester, M142
£1,00005/240.16 miHope Road, Manchester, M142
£1,25003/250.17 mi-2
£1,10002/240.17 mi-2
£1,45012/240.17 mi-2
£1,20002/250.17 mi-2
£1,10001/250.17 mi-2
£1,30005/240.18 mi-2
£1,30005/240.18 mi-2
£1,30002/250.18 mi-2
£1,35005/240.19 mi-2
£1,35004/250.19 mi-2
£1,20003/250.2 mi-2
£1,31705/240.21 miBirchfields Road, Victoria Park, Manchester2
£1,15005/240.22 miUpper Park Road, Manchester, Greater Manchester, M142
£1,30005/240.22 miEllerslie Court, Upper Park Road, M142
£1,08305/240.23 miBirchfields Road, Rusholme, Manchester, M132
£1,10005/240.23 miAshburne House, Rusholme, M142
£99506/240.23 mi-2
£99505/240.23 miNew Carfax Court, Manchester, M142
£1,20005/240.24 mi-2
£95003/250.27 mi-2
£95005/240.27 mi-2
£95003/250.27 mi-2
£1,00004/250.28 mi-2
£1,10006/240.28 mi-2
£1,29506/240.29 miDaisy Bank Road, Victoria Park, Manchester2
£1,15012/240.31 miDickenson Road, Manchester, M132
£1,15006/240.31 mi-2
£1,15006/240.31 miDickenson Road, Manchester, M132
£1,00005/240.31 miWilmslow Road, Rusholme, Manchester, M142
£1,20005/240.31 miFairfield Court, Manchester, M142
£1,20006/240.31 miFairfield Court, Manchester, M142
£1,20012/240.31 mi-2
£95005/240.31 miBrighton Grove, Manchester, Greater Manchester, M142
£95005/240.31 miBrighton Grove, Manchester, Greater Manchester, M142
£95003/240.31 miBrighton Grove, Manchester, Greater Manchester, M142
£95005/240.31 miBrighton Grove, Manchester, Greater Manchester, M142
£1,00005/240.32 miBankfield Avenue, Longsight, Manchester, M132
£97505/240.32 miApartment 16 23, Laindon Road, Manchester2
£95003/240.32 miBrighton Grove Manchester, M142
£1,50005/240.33 miWilmslow Road, Manchester, Greater Manchester, M142

Local Area Statistics

Population in M14

52,853

Population in Manchester

920,095

Town centre distance

1.43 miles away

Nearest school

0.40 miles away

Nearest train station

1.14 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

-42%

Sales demand

Seller's market

Capital growth (5yrs)

+49%

Property History

Listed for £185,000

February 9, 2025

Floor Plans

Description

  • MODERN INTERIOR THROUGHOUT +
  • CLOSE TO MANCHESTER UNIVERSITY +
  • NO VENDOR CHAIN +
  • EASY ACCESS TO MANCHESTER ROYAL INFIRMARY HOSPITAL +
  • ALLOCATED OFF ROAD PARKING +
  • TWO DOUBLE BEDROOMS +
  • TOP FLOOR APARTMENT +
  • HIGHLY SOUGHT AFTER DEVELOPMENT +
  • EARLY & INTERNAL VIEWING HIGHLY RECOMMENDED +

The Property
BEAUTIFULLY PRESENTED TWO DOUBLE BEDROOMS TOP FLOOR APARTMENT * IDEAL FOR FIRST TIME BUYERS, YOUNG PROFESSIONALS OR BUY TO LET LANDLORDS LOOKING FOR A GOOD RETURN * CLOSE TO FALLOWFIELD, WITHINGTON & RUSHOLME TOWN CENTRES WITH THIER ARRAY OF SHOPS, BARS, RESTAURANTS, SUPERMARKET & GENERAL LOCAL AMENITEIES * FANTASTIC BUS ROUTES INTO MANCHESTER CITY CENTRE * SPACIOUS PROPERTY THROUGHOUT * FANTASIC INVESTMENT OPPORTUNITY * EARLY & INTERNAL VIEWING HIGHLY RECOMMENDED ***

Communal Entrance
Entry into the building via an intercom system.

Entrance Hall
Wooden flooring, wall mounted heater, separate storage cupboard, wall mounted Intercom system and doors to:-

Living Area
Wooden flooring, two double glazed windows, spot lights to ceiling, wall mounted heater and opening to :-

Kitchen
A range of low and eye level units incorporating a stainless steel sink and drainer unit, built in four ring hob, oven and grill, space for fridge freezer, wooden flooring, double glazed window and spot lights to ceiling.

Bedroom One
Wooden flooring, double glazed window and wall mounted heater.

Bedroom Two
Wooden flooring, double glazed window and wall mounted heater.

Bathroom
A three piece suite comprising of bath with shower over, low level WC, pedestal wash hand basin, partly tiled and wall mounted stainless steel heated towel rail.

Communal Gardens
There are communal gardens for all residents.

Property ownership information

Ground rent review period: No review period

Service charge review period: No review period

Lease end date: 31/12/2151

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?

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