2 Bed Detached House, Single Let, Manchester, M1 5JD, £280,000
Flat 134 Axis Tower, M1 5JD - 4 views - a month ago
Auction
BTL
ROI: 2%
~68 m²





+6 photos
ValuationOvervalued
Sold Prices | £122K - £400K |
Sold Prices/m² | £2.5K/m² - £4.4K/m² |
| |
Square Metres | ~68.11 m² |
Price/m² | £4.1K/m² |
Value Estimate | £230,584 |
Cashflows
Cash In | |
Purchase Finance | Mortgage |
Deposit (25%) | £70,000 |
Stamp Duty & Legal Fees | £16,700 |
Total Cash In | £86,700 |
| |
Cash Out | |
Rent Range | £1,250 - £2,950 |
Rent Estimate | £1,300 |
Running Costs/mo | £1,155 |
Cashflow/mo | £145 |
Cashflow/yr | £1,740 |
ROI | 2% |
Gross Yield | 6% |
Local Sold Prices
31 sold prices from £122K to £400K, average is £205K. £2.5K/m² to £4.4K/m², average is £3.4K/m².
Local Rents
50 rents from £1.3K/mo to £3K/mo, average is £1.6K/mo.
Local Area Statistics
Population in M1 | 11,953 |
Population in Manchester | 920,095 |
Town centre distance | 1.33 miles away |
Nearest school | 0.30 miles away |
Nearest train station | 0.10 miles away |
| |
Rental demand | Tenant's market |
Rental growth (12m) | -1% |
Sales demand | Buyer's market |
Capital growth (5yrs) | +19% |
Property History
Listed for £280,000
March 4, 2025
Description
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