2 Bed Terraced House, Single Let, Manchester, M15 4ZG, £380,000

141 Chester Road, Greater Manchester, M15, M15 4ZG - 2 months ago

Leasehold
BTL
ROI: 2%
57 m²
+15 photos

ValuationOvervalued

Sold Prices£122K - £400K
Sold Prices/m²£2K/m² - £4.3K/m²

 

 

Square Metres

57 m²
Price/m²£6.7K/m²

Value Estimate

£185,250

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£95,000

Stamp Duty & Legal Fees

£26,700

Total Cash In

£121,700

 

 

Cash Out

 

Rent Range

£1,600 - £3,600

Rent Estimate

£1,750

Running Costs/mo

£1,558

Cashflow/mo

£193

Cashflow/yr

£2,310

ROI

2%

Gross Yield

6%

Local Sold Prices

50 sold prices from £122K to £400K, average is £206.9K. £2K/m² to £4.3K/m², average is £3.3K/m².

PriceDateDistanceAddressBeds 
£195K03/230.17 mi14, Catfield Walk, Manchester, Greater Manchester M15 4HH2
£195K11/200.35 mi62, Old York Street, Hulme, Manchester, Greater Manchester M15 5TH2
£220K11/220.36 mi17, Mallow Street, Manchester, Greater Manchester M15 5GE2
£240K08/220.38 mi74, Ribston Street, Manchester, Greater Manchester M15 5RJ2
£230K10/230.45 miA 13.07, Block A Wilburn Basin, Ordsall Lane, Salford, Greater Manchester M5 4XQ2
£205K04/230.48 mi35, Warde Street, Hulme, Manchester, Greater Manchester M15 5TG2
£172K07/210.48 mi5, Dunham Street, Manchester, Greater Manchester M15 5FX2
£205K05/230.5 mi8, Tomlinson Street, Hulme, Manchester, Greater Manchester M15 5FW2
£185K07/210.51 mi43, Yew Street, Hulme, Manchester, Greater Manchester M15 5YW2
£195K11/210.54 mi12, Marple Street, Manchester, Greater Manchester M15 4AH2
£195K11/210.54 mi12, Marple Street, Manchester, Greater Manchester M15 4AH2
£212.5K11/210.54 mi5, Wodens Avenue, Salford, Greater Manchester M5 4TF2
£170K11/210.54 mi23, Newcastle Street, Manchester, Greater Manchester M15 6AH2
£122K09/220.6 mi81, Pink Bank Lane, Manchester, Greater Manchester M12 5GR2
£160K11/200.67 mi33, Whimberry Close, Salford, Greater Manchester M5 3WL2
£226.5K10/230.67 mi8, Whimberry Close, Salford, Greater Manchester M5 3WL2
£215K01/230.68 mi41, Whimberry Close, Salford, Greater Manchester M5 3WL2
£210.1K02/240.72 mi17, Windmill Avenue, Salford, Greater Manchester M5 3NF2
£205K05/230.72 mi12, Windmill Avenue, Salford, Greater Manchester M5 3NF2
£178K01/210.72 mi35, Windmill Avenue, Salford, Greater Manchester M5 3NF2
£214K10/230.72 mi15, Windmill Avenue, Salford, Greater Manchester M5 3NF2
£221.1K10/210.72 mi2, Sudbury Close, Manchester, Greater Manchester M16 9DG2
£212K03/230.73 mi29, Windmill Avenue, Salford, Greater Manchester M5 3NF2
£210K02/230.74 mi79, Stanley Road, Old Trafford, Manchester, Greater Manchester M16 9BQ2
£225K05/240.75 mi2, Farwood Close, Manchester, Greater Manchester M16 9DQ2
£195K08/230.77 mi17, Blanchard Street, Manchester, Greater Manchester M15 5PX2
£165K03/210.77 mi14, Buckfield Avenue, Salford, Greater Manchester M5 3HJ2
£242K01/230.81 mi22, Northumberland Road, Manchester, Greater Manchester M16 9DP2
£182K12/200.81 mi17, St Marys Street, Hulme, Manchester, Greater Manchester M15 5WB2
£185K12/230.81 mi19, St Mary's Street, Hulme, Manchester, Greater Manchester M15 5WB2
£258K09/220.84 mi23, Beever Street, Manchester, Greater Manchester M16 9JR2
£165K04/210.87 mi56, Moss Lane West, Manchester, Greater Manchester M15 5PD2
£179K03/210.87 mi10, Prestage Street, Old Trafford, Manchester, Greater Manchester M16 9LH2
£235.7K11/220.89 mi24, Prestage Street, Old Trafford, Manchester, Greater Manchester M16 9JU2
£185K02/210.89 mi26, Prestage Street, Old Trafford, Manchester, Greater Manchester M16 9JU2
£215K04/230.9 mi39, Ryall Avenue, Salford, Greater Manchester M5 3HX2
£215K12/220.94 mi17, Warburton Street, Salford, Greater Manchester M5 3FX2
£213K08/230.94 mi57, Pemberton Street, Manchester, Greater Manchester M16 9JY2
£225K12/230.94 mi47, Pemberton Street, Manchester, Greater Manchester M16 9JY2
£255K07/220.94 mi7, Tysoe Gardens, Salford, Greater Manchester M3 6BL2
£400K03/230.94 mi17, Tysoe Gardens, Salford, Greater Manchester M3 6BL2
£134K12/200.95 mi50, Bold Street, Moss Side, Manchester, Greater Manchester M16 7AB2
£162K02/230.95 mi58, Bold Street, Moss Side, Manchester, Greater Manchester M16 7AB2
£225K07/210.95 mi78, Taylorson Street, Salford, Greater Manchester M5 3EX2
£208.8K03/210.95 mi92, Taylorson Street, Salford, Greater Manchester M5 3EX2
£238K01/240.96 mi13, Treelands Walk, Salford, Greater Manchester M5 3FU2
£218.5K04/230.96 mi79, Worthington Street, Old Trafford, Manchester, Greater Manchester M16 9LB2
£180K04/210.96 mi21, Worthington Street, Old Trafford, Manchester, Greater Manchester M16 9LB2
£186.3K03/210.96 mi5, Worthington Street, Old Trafford, Manchester, Greater Manchester M16 9LB2
£160K05/230.97 mi11, Brotherton Drive, Salford, Greater Manchester M3 6BH2

Local Rents

50 rents from £1.6K/mo to £3.6K/mo, average is £2K/mo.

RentDateDistanceAddressBeds 
£1,90006/240 miElizabeth Tower, 141 Chester Road, Manchester, M152
£2,30005/240 miElizabeth Tower, 141 Chester Road, Manchester, M152
£1,75005/240.01 miElizabeth Tower, 141 Chester Road, MANCHESTER, M15 4ZH2
£2,20005/240.01 miElizabeth Tower, 141 Chester Road, Manchester2
£1,80005/240.02 miElizabeth Tower, Crown Street, Manchester2
£1,70005/240.02 miElizabeth Tower, 141 Chester Road, Manchester, M152
£1,80005/240.03 miElizabeth Tower, M152
£2,20005/240.03 miElizabeth Tower, M152
£2,00005/240.03 miElizabeth Tower, M152
£1,85005/240.03 miElizabeth Tower, M152
£1,60005/240.03 miElizabeth Tower, M152
£1,80005/240.03 miElizabeth Tower, M152
£1,87505/240.03 miElizabeth Tower, M152
£1,80005/240.03 miElizabeth Tower, M152
£1,90005/240.03 miElizabeth Tower, M152
£1,95005/240.03 miElizabeth Tower, M152
£1,65005/240.03 miElizabeth Tower, M152
£1,97505/240.03 miElizabeth Tower, Manchester, M152
£1,75005/240.03 miElizabeth Tower, M152
£1,74005/240.03 miElizabeth Tower, M152
£1,90005/240.03 miElizabeth Tower, M152
£1,75005/240.03 miElizabeth Tower, M152
£1,80006/240.03 miElizabeth Tower, M152
£2,20006/240.03 miElizabeth Tower, M152
£2,30005/240.03 miElizabeth Tower, M152
£2,00005/240.03 miElizabeth Tower, Manchester2
£3,60001/250.03 mi-2
£3,60002/250.03 mi-2
£2,30005/240.03 miElizabeth Tower, 141 Chester Road, M152
£1,97505/240.03 miChester Road, Manchester, M152
£1,97505/240.03 mi-2
£2,00003/250.03 mi-2
£2,25005/240.03 miThree60, 11 Silvercroft Street, M152
£2,00005/240.03 miThree60, New Jackson, M152
£2,10006/240.03 miThree60, 11 Silvercroft Street, M152
£1,80005/240.03 miElizabeth Tower, Manchester2
£2,54806/240.03 mi11 Silvercroft Street, Manchester2
£2,51306/240.03 mi11 Silvercroft Street, Manchester2
£2,20005/240.03 miThree60, New Jackson2
£1,95005/240.03 miSilvercroft Street, Manchester, Greater Manchester, M152
£2,00005/240.03 miSilvercroft Street, Manchester, Greater Manchester, M152
£1,90005/240.03 miBlade, 15 Silvercroft Street, Manchester, M15 4YU2
£1,95005/240.03 miSilvercroft Street, Manchester, Greater Manchester, M152
£1,95005/240.03 miVictoria Residence, M152
£2,00006/240.03 miThree60 Building, Silvercroft Street New Jackson M152
£2,20006/240.03 miElizabeth Tower, M152
£2,00006/240.03 miVictoria Residence, M152
£1,60005/240.03 miVictoria Residence, Manchester, Greater Manchester, M152
£1,85005/240.03 miSilvercroft Street, Manchester, M152
£2,00006/240.03 mi16 Silvercroft Street, Manchester, Lancashire, M152

Local Area Statistics

Population in M15

20,050

Population in Manchester

920,095

Town centre distance

1.19 miles away

Nearest school

0.70 miles away

Nearest train station

0.27 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+14%

Sales demand

Balanced market

Capital growth (5yrs)

+39%

Property History

Listed for £380,000

February 14, 2025

Floor Plans

Description

A modern and spacious 12TH Floor 2-bed, 2-bath apartment in Elizabeth Tower, a landmark development in Manchester’s city centre. 805 sq ft of living space, with floor-to-ceiling windows and high-quality fittings.

Amenities: Swimming Pool, Gymnasium, Terrace Garden & Resident Workspace

EWS1 A1 Rated. Safe from fire risks and mortgage-friendly. Ideal for both Investors and Owner-Occupants.

Currently 5.53% Rental Yield @ £1750 PCM
Projected 6.00% Rental Yield @ £1900 PCM
Tenanted until SEPT 2025

Lease Term: 999 Years Lease since 2019
Service Charge: £2730.52 PA
Building Insurance: £438.21 PA
Ground Rent: Approximately £383 PA
Council Tax Band - D
EPC Rating - B

Crown Street Victoria Residence and Elizabeth Tower, offer elegant apartments, penthouses and townhouses in a highly sought-after location. The development benefits from luxury, residential facilities such as a residents’ lounge and private dining, 24/7 concierge, and co-working space. There is a 20m swimming pool situated at 44 storeys making it the highest residential pool in the UK, as well as a state-of-the-art gymnasium, a holistic studio and two roof garden terraces all at 44 storeys, all comprising exceptional views of the city.

Agent Details

NEXIS Property, Manchester

0161 839 1680

Next Steps?

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