2 Bed Flat, Single Let, Manchester, M16 0PG, £229,000

Talbot Road, Manchester, Greater Manchester, M16 0PG - 3 views - 2 months ago

Leasehold
BTL
ROI: 1%
~68 m²

ValuationOvervalued

Sold Prices£65K - £263K
Sold Prices/m²£1K/m² - £4.4K/m²

 

 

Square Metres

~68.11 m²
Price/m²£3.4K/m²

Value Estimate

£215,163

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£57,250

Stamp Duty & Legal Fees

£8,070

Total Cash In

£65,320

 

 

Cash Out

 

Rent Range

£950 - £2,900

Rent Estimate

£991

Running Costs/mo

£934

Cashflow/mo

£57

Cashflow/yr

£686

ROI

1%

Gross Yield

5%

Local Sold Prices

43 sold prices from £65K to £263K, average is £198K. £1K/m² to £4.4K/m², average is £3.2K/m².

PriceDateDistanceAddressBeds 
£65K11/230.63 mi4, Broseley Road, Manchester, Greater Manchester M16 0EZ2
£106.5K03/210.64 mi31, Beresford Road, Stretford, Manchester, Greater Manchester M32 0PZ2
£210K10/200.64 mi88, Merchants Quay, Salford, Greater Manchester M50 3XG2
£210K10/200.64 mi88, Merchants Quay, Salford, Greater Manchester M50 3XG2
£250K10/210.65 mi62, Merchants Quay, Salford, Greater Manchester M50 3XG2
£263K12/230.66 mi44, Merchants Quay, Salford, Greater Manchester M50 3XR2
£128K03/210.69 mi20, Nansen Close, Stretford, Manchester, Greater Manchester M32 0PX2
£178K03/230.71 mi15, Radclyffe Mews, Salford, Greater Manchester M5 3GD2
£170K02/230.71 mi17, Radclyffe Mews, Salford, Greater Manchester M5 3GD2
£150K12/200.77 mi69, Lee Crescent, Stretford, Manchester, Greater Manchester M32 0TN2
£144.8K01/210.77 mi73, Lee Crescent, Stretford, Manchester, Greater Manchester M32 0TN2
£185K10/200.82 miFlat 11, Queens Court, Manchester Road, Manchester, Greater Manchester M16 0EA2
£210K03/240.84 miImperial Point, Apartment 812, The Quays, Salford, Greater Manchester M50 3RB2
£187K05/230.86 mi61, Woodlawn Court, Manchester, Greater Manchester M16 9RL2
£228K05/210.87 mi16, Winnipeg Quay, Salford, Greater Manchester M50 3TY2
£260K12/200.87 mi53, Winnipeg Quay, Salford, Greater Manchester M50 3TY2
£200K06/210.87 mi24, Winnipeg Quay, Salford, Greater Manchester M50 3TY2
£230K05/210.87 mi41, Winnipeg Quay, Salford, Greater Manchester M50 3TY2
£190K04/210.87 mi49, Winnipeg Quay, Salford, Greater Manchester M50 3TY2
£205.5K12/220.88 mi53, Woodlawn Court, Manchester, Greater Manchester M16 9RL2
£188K10/200.88 mi76, St Lawrence Quay, Salford, Greater Manchester M50 3XU2
£238.5K10/230.88 mi70, St Lawrence Quay, Salford, Greater Manchester M50 3XU2
£198K10/230.88 mi76, St Lawrence Quay, Salford, Greater Manchester M50 3XU2
£199.9K03/210.88 mi48, Woodlawn Court, Manchester, Greater Manchester M16 9RJ2
£240K12/220.88 mi15, St Lawrence Quay, Salford, Greater Manchester M50 3XT2
£240K09/210.89 mi44, Vancouver Quay, Salford, Greater Manchester M50 3TU2
£205K09/210.89 mi71, Vancouver Quay, Salford, Greater Manchester M50 3TU2
£209.5K11/200.89 mi70, Vancouver Quay, Salford, Greater Manchester M50 3TU2
£188K10/200.9 mi76, St Lawrence Quay, Salford, Greater Manchester M50 3XU2
£195K06/210.91 mi2, Woodlawn Court, Manchester, Greater Manchester M16 9RH2
£167.5K11/220.91 mi91, Wardle Close, Stretford, Manchester, Greater Manchester M32 0TF2
£112K05/210.92 mi93, Wardle Close, Stretford, Manchester, Greater Manchester M32 0TF2
£180K05/230.92 mi32, Abbotside Close, Manchester, Greater Manchester M16 7RP2
£196K10/200.93 mi25, Labrador Quay, Salford, Greater Manchester M50 3YH2
£208K05/210.93 mi111, Labrador Quay, Salford, Greater Manchester M50 3YH2
£197K12/200.93 mi107, Labrador Quay, Salford, Greater Manchester M50 3YH2
£192K01/210.93 mi153, Labrador Quay, Salford, Greater Manchester M50 3YH2
£204K03/210.93 mi141, Labrador Quay, Salford, Greater Manchester M50 3YH2
£255K11/220.93 mi119, Labrador Quay, Salford, Greater Manchester M50 3YH2
£210K05/230.93 mi171, Labrador Quay, Salford, Greater Manchester M50 3YH2
£212K12/220.94 mi43, Labrador Quay, Salford, Greater Manchester M50 3YH2
£153.5K03/210.94 mi41, Greenwood Terrace, Salford, Greater Manchester M5 3GH2
£195K01/230.95 mi145, Labrador Quay, Salford, Greater Manchester M50 3YH2

Local Rents

51 rents from £950/mo to £2.9K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£2,90012/240.01 mi-2
£2,90005/240.01 mi-2
£2,90005/240.01 mi-2
£1,25005/240.02 miApartment 208 Insignia, 86 Talbot Road , Old Trafford, Manchester, M16 0UF2
£1,25005/240.02 mi86 Talbot Road , Manchester, M16 0UF2
£1,20006/240.03 mi88-92 Talbot Road , Old Trafford , Manchester, M16 0UE2
£1,20003/250.03 mi-2
£1,30005/240.06 mi-2
£1,25005/240.06 miAlexander House, Talbot Road, Old Trafford, Manchester. M16 0PJ2
£1,35005/240.06 miAlexander House, Talbot Road, Manchester, Greater Manchester, M162
£1,35005/240.06 miAlexander House, Talbot Road, Manchester, Greater Manchester, M162
£1,35005/240.06 miAlexander House, Talbot Road, Manchester, Greater Manchester, M162
£1,35005/240.06 miAlexander House, Talbot Road, Manchester, Greater Manchester, M162
£1,25005/240.06 miAlexander House2
£1,35005/240.06 miAlexander House, Talbot Road, Manchester, Greater Manchester, M162
£1,35006/240.06 miAlexander House, Talbot Road, Manchester, Greater Manchester, M162
£1,35006/240.06 miTalbot Road, Manchester, Greater Manchester, M162
£1,30005/240.07 mi-2
£1,30005/240.07 miTalbot Road, Old Trafford, Manchester, M162
£1,10012/240.07 mi-2
£1,10005/240.07 miTalbot Road, Old Trafford, Manchester, M162
£99505/240.08 miApartment , Bowdon Court, Montague Road, Manchester2
£99505/240.08 mi17 Montague Road, M16 0QT2
£1,30005/240.11 miWarwick Road, Manchester, Greater Manchester, M162
£1,30003/240.11 miWarwick Road,Old Trafford,Manchester,M162
£1,25003/240.11 miWarwick Road, Manchester, Greater Manchester, M162
£1,20005/240.11 miWarwick Road, Manchester, Greater Manchester, M162
£2,25005/240.11 mi-2
£1,30002/250.11 mi-2
£2,59901/250.16 mi-2
£2,59902/250.16 mi-2
£2,59901/250.16 mi-2
£2,39503/250.17 mi-2
£2,00007/240.29 mi-2
£2,34501/250.29 mi-2
£1,15005/240.3 mi41 Grove House, Skerton Road2
£95012/240.3 mi-2
£1,32503/240.32 miNo. 1 Old Trafford2
£1,22503/240.32 miNo. 1 Old Trafford2
£1,25003/240.32 miNo. 1 Old Trafford2
£1,32503/240.32 miNo. 1 Old Trafford2
£1,20005/240.32 miPomona Strand, Manchester, Greater Manchester, M162
£1,32505/240.32 miPomona Strand, Manchester, Greater Manchester, M162
£1,25005/240.34 miTrafford Park, Manchester, Greater Manchester, M172
£1,35005/240.36 miNo 1 Old Trafford, Salford Quays, M17 1GW2
£1,20005/240.36 miUrban Green , 75 Seymour Grove, Old Trafford2
£1,25005/240.36 miMadison Apartments, Manchester, M16 0NB2
£98503/240.37 miPark Rise, Trafford Plaza2
£1,10005/240.37 miSeymour Grove, Manchester, Greater Manchester, M162
£1,15005/240.37 miSeymour Grove, Manchester, Greater Manchester, M162
£1,35005/240.37 miB.. Block B, Wharfside, M172

Local Area Statistics

Population in M16

35,559

Population in Manchester

920,095

Town centre distance

1.42 miles away

Nearest school

0.40 miles away

Nearest train station

0.24 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+36%

Sales demand

Buyer's market

Capital growth (5yrs)

+80%

Property History

Listed for £229,000

February 18, 2025

Description

  • 9% expected rental yield +
  • High demand from professionals and commuters +
  • Close to Manchester city centre and amenities +
  • Excellent transport links to city and beyond +
  • Ongoing regeneration and investment in Manchester +
  • Prime location for steady rental income +

This investment apartment on Talbot Road, Manchester, offers an excellent opportunity for investors seeking reliable returns, with an expected 9% yield. Located in a prime area of Manchester, the property benefits from the city's expanding economy, vibrant cultural scene, and robust rental market.

Talbot Road is perfectly positioned for tenants, with easy access to Manchester city centre, business districts, and key amenities. The area is close to major shopping, dining, and entertainment venues, ensuring it remains a desirable place to live for those looking to be in the heart of the action. The location is ideal for professionals and commuters, with easy access to key transport links.

Manchester continues to see strong economic growth, driven by sectors like finance, media, technology, and education. This creates consistent demand for rental properties, as the city attracts a diverse range of tenants. Talbot Road benefits from excellent transport links, with nearby bus and tram services, and is within easy reach of Manchester Piccadilly Station, providing convenient connections to other parts of the city and beyond.

Ongoing regeneration and infrastructure improvements in Manchester make properties in this area a solid investment for long-term growth. With strong demand for rental accommodation, this apartment offers a secure income stream, while the potential for future capital growth in this rapidly developing city adds to its attractiveness.

For investors, this property presents a reliable opportunity to generate steady rental income, with an expected 9% yield reflecting the city's strong rental market and growth potential.

Agent Details

Fortem Property, London

020 4538 0776

Next Steps?

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