2 Bed Flat, Single Let, Manchester, M22 8BF, £150,000

Greenwood Road, Wythenshawe, M22 8BF - 2 months ago

Sold STC

Leasehold

BTL

ROI: 8%

~68 m²

+4 photos

ValuationUndervalued

Sold Prices	£86.5K - £285K
Sold Prices/m²	£1.7K/m² - £2.8K/m²

Square Metres	~68.11 m²
Price/m²	£2.2K/m²
Value Estimate	£155,341£155,341
BMV	4%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£37,500£37,500
Stamp Duty & Legal Fees	£8,700£8,700
Total Cash In	£46,200£46,200

Cash Out
Rent Range	£975 - £1,250£975 - £1,250
Rent Estimate	£1,000
Running Costs/mo	£689£689
Cashflow/mo	£311£311
Cashflow/yr	£3,735£3,735
ROI	8%8%
Gross Yield	8%8%

Local Sold Prices

28 sold prices from £86.5K to £285K, average is £139.5K. £1.7K/m² to £2.8K/m², average is £2.3K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£146K	12/22	0.21 mi	2, Bude Walk, Manchester, Greater Manchester M23 1PG	£2,000	73	2	Flat
£115K	02/21	0.49 mi	21, Floatshall Road, Manchester, Greater Manchester M23 1WE	£1,797	64	2	Flat
£130K	11/20	0.49 mi	21, Pepper Close, Manchester, Greater Manchester M22 4JZ	£2,353	55	2	Flat
£130K	05/21	0.49 mi	31, Pepper Close, Manchester, Greater Manchester M22 4JZ	£2,215	59	2	Flat
£165K	02/23	0.49 mi	25, Pepper Close, Manchester, Greater Manchester M22 4JZ	-	-	2	Flat
£150K	01/23	0.5 mi	32, Floatshall Road, Manchester, Greater Manchester M23 1BX	£2,344	64	2	Flat
£130K	06/21	0.58 mi	16, Avebury Road, Manchester, Greater Manchester M23 2GE	£1,706	76	2	Flat
£160K	12/22	0.58 mi	52, Starling Close, Sharston, Manchester, Greater Manchester M22 4XS	-	-	2	Flat
£170K	10/22	0.59 mi	42, Starling Close, Manchester, Greater Manchester M22 4XS	£2,698	63	2	Flat
£139.9K	10/21	0.59 mi	102, Starling Close, Sharston, Manchester, Greater Manchester M22 4XS	£2,326	60	2	Flat
£165K	07/23	0.59 mi	80, Starling Close, Sharston, Manchester, Greater Manchester M22 4XS	£2,538	65	2	Flat
£166.5K	04/23	0.59 mi	46, Starling Close, Sharston, Manchester, Greater Manchester M22 4XS	-	-	2	Flat
£142K	02/21	0.66 mi	2, Heyland Road, Manchester, Greater Manchester M23 1HE	£1,972	72	2	Flat
£130K	09/22	0.71 mi	90, Oakcliffe Road, Manchester, Greater Manchester M23 1DA	£2,281	57	2	Flat
£285K	05/21	0.71 mi	15, Oakcliffe Road, Manchester, Greater Manchester M23 1DA	£2,336	122	2	Flat
£139K	12/22	0.71 mi	64, Oakcliffe Road, Manchester, Greater Manchester M23 1DA	£2,798	50	2	Flat
£143K	11/22	0.71 mi	92, Oakcliffe Road, Manchester, Greater Manchester M23 1DA	£2,554	56	2	Flat
£122.3K	10/23	0.71 mi	60, Oakcliffe Road, Manchester, Greater Manchester M23 1DA	£2,168	56	2	Flat
£142K	09/22	0.73 mi	17, Portslade Walk, Manchester, Greater Manchester M23 2RQ	£2,491	57	2	Flat
£150K	02/23	0.74 mi	4, Fenside Road, Manchester, Greater Manchester M22 4WZ	-	-	2	Flat
£150K	11/23	0.77 mi	13, Flaxwood Walk, Manchester, Greater Manchester M22 9RW	£2,381	63	2	Flat
£133K	10/22	0.85 mi	2, Borth Walk, Manchester, Greater Manchester M23 1EJ	£1,705	78	2	Flat
£86.5K	12/20	0.94 mi	53, Longhope Road, Manchester, Greater Manchester M22 1UP	-	-	2	Flat
£118K	11/22	0.94 mi	21, Longhope Road, Manchester, Greater Manchester M22 1UP	£2,185	54	2	Flat
£120K	10/21	0.95 mi	32, Beamsley Drive, Manchester, Greater Manchester M22 1TZ	-	-	2	Flat
£137.5K	04/21	0.97 mi	124, Royle Green Road, Manchester, Greater Manchester M22 4LD	£1,677	82	2	Flat
£125K	03/21	0.98 mi	11, Lovett Walk, Manchester, Greater Manchester M22 4LB	-	-	2	Flat
£110K	09/23	0.99 mi	104, Cotefield Road, Manchester, Greater Manchester M22 1UG	-	-	2	Flat

Local Rents

27 rents from £975/mo to £1.3K/mo, average is £1.1K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,200	06/24	0.02 mi	Greenwood Road, Wythenshawe	2	Flat
£1,050	04/25	0.21 mi	-	2	Flat
£995	05/24	0.22 mi	Greenwood Road, Manchester, M22	2	Flat
£1,150	12/24	0.24 mi	-	2	Terraced House
£1,100	05/24	0.24 mi	Inglesham Close, Baguley, Manchester	2	Terraced House
£1,000	05/24	0.26 mi	71 Greenwood Road, Wythenshawe	2	Flat
£1,000	05/24	0.27 mi	Greenwood Road, Wythenshawe, Manchester, M22	2	Flat
£1,000	05/24	0.27 mi	69 Greenwood Rd, Moss Nook	2	Flat
£1,050	05/24	0.3 mi	21 Broadoak Drive, Manchester, Greater Manchester, M22	2	Detached House
£1,200	05/24	0.36 mi	-	2	Semi-Detached House
£1,200	01/24	0.36 mi	-	2	Flat
£1,000	05/24	0.37 mi	-	2	Flat
£1,250	05/24	0.38 mi	Hall Lane, Manchester, M23 1WA	2	Flat
£1,250	05/24	0.39 mi	Constable Court, Hall Lane, Manchester, M23 1WA	2	Flat
£1,250	03/24	0.39 mi	Constable Court, 210 Hall Lane, Manchester, M23 1WA	2	Flat
£1,250	06/24	0.39 mi	Constable Court, Hall Lane, Manchester, M23 1WA	2	Flat
£1,195	05/24	0.39 mi	Constable Court, Hall Lane, Manchester, M23 1WA	2	Flat
£1,050	02/25	0.39 mi	-	2	Flat
£975	02/25	0.4 mi	-	2	Flat
£1,100	05/24	0.44 mi	-	2	Flat
£1,100	05/24	0.44 mi	Sir Williams Court, Manchester, M23	2	Flat
£1,100	04/25	0.48 mi	-	2	Terraced House
£1,200	12/24	0.5 mi	-	2	Flat
£1,050	05/24	0.58 mi	Altrincham Road, Manchester	2	Flat
£1,150	04/25	0.59 mi	-	2	Flat
£1,200	02/25	0.61 mi	-	2	Flat
£1,100	02/25	0.61 mi	-	2	Flat

Local Area Statistics

Population in M22	42,20142,201
Population in Manchester	920,095920,095
Town centre distance	4.39 miles away4.39 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.41 miles away0.41 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+11%+11%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+52%+52%

Property History

Listed for £150,000

February 26, 2025

Floor Plans

Description

Close to public transport +
Opportunity for investors +
Close to Manchester Airport and Wythenshawe Hospital +
First time buyers +
No onward chain +

This two-bedroom flat is a fantastic investment opportunity or a perfect first home, offering modern amenities and an fantastic location with excellent travel links to Manchester City Centre for a quick and easy commute, and close proximity to Manchester Airport. Additional features include central heating and double-glazed windows for year-round comfort and energy efficiency, a secure entry system for added safety, and on-site parking for one car. Don't miss out on the chance to make this stylish flat your own!