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.

PriceDateDistanceAddressBeds 
£122K09/220.35 mi81, Pink Bank Lane, Manchester, Greater Manchester M12 5GR2
£170K11/210.38 mi23, Newcastle Street, Manchester, Greater Manchester M15 6AH2
£195K03/230.53 mi14, Catfield Walk, Manchester, Greater Manchester M15 4HH2
£195K11/200.54 mi62, Old York Street, Hulme, Manchester, Greater Manchester M15 5TH2
£220K11/220.57 mi17, Mallow Street, Manchester, Greater Manchester M15 5GE2
£205K05/230.58 mi8, Tomlinson Street, Hulme, Manchester, Greater Manchester M15 5FW2
£172K07/210.58 mi5, Dunham Street, Manchester, Greater Manchester M15 5FX2
£240K08/220.6 mi74, Ribston Street, Manchester, Greater Manchester M15 5RJ2
£230K10/230.6 miA 13.07, Block A Wilburn Basin, Ordsall Lane, Salford, Greater Manchester M5 4XQ2
£205K04/230.65 mi35, Warde Street, Hulme, Manchester, Greater Manchester M15 5TG2
£185K07/210.75 mi43, Yew Street, Hulme, Manchester, Greater Manchester M15 5YW2
£195K11/210.8 mi12, Marple Street, Manchester, Greater Manchester M15 4AH2
£195K11/210.8 mi12, Marple Street, Manchester, Greater Manchester M15 4AH2
£212.5K11/210.86 mi5, Wodens Avenue, Salford, Greater Manchester M5 4TF2
£220K09/210.87 mi17, Picton Close, Salford, Greater Manchester M3 6BE2
£255K08/220.88 mi28, Wadeson Road, Manchester, Greater Manchester M13 9UG2
£255K07/220.88 mi7, Tysoe Gardens, Salford, Greater Manchester M3 6BL2
£400K03/230.88 mi17, Tysoe Gardens, Salford, Greater Manchester M3 6BL2
£195K08/230.88 mi17, Blanchard Street, Manchester, Greater Manchester M15 5PX2
£287K10/200.89 mi3, Arley Moss Walk, Manchester, Greater Manchester M13 9UW2
£160K05/230.93 mi11, Brotherton Drive, Salford, Greater Manchester M3 6BH2
£182K12/200.94 mi17, St Marys Street, Hulme, Manchester, Greater Manchester M15 5WB2
£185K12/230.94 mi19, St Mary's Street, Hulme, Manchester, Greater Manchester M15 5WB2
£197K11/200.95 mi8, Tudbury Way, Salford, Greater Manchester M3 6TW2
£265K08/220.98 mi5, Thomas Telford Basin, Manchester, Greater Manchester M1 2NH2
£233.5K03/220.98 mi12, Evans Street, Salford, Greater Manchester M3 7GE2
£262K06/220.98 mi28, Evans Street, Salford, Greater Manchester M3 7GE2
£217.5K01/210.98 mi14, Evans Street, Salford, Greater Manchester M3 7GE2
£261K09/220.98 mi6, Evans Street, Salford, Greater Manchester M3 7GE2
£160K11/201 mi33, Whimberry Close, Salford, Greater Manchester M5 3WL2
£226.5K10/231 mi8, Whimberry Close, Salford, Greater Manchester M5 3WL2

Local Rents

50 rents from £1.3K/mo to £3K/mo, average is £1.6K/mo.

RentDateDistanceAddressBeds 
£1,50005/240 miAxis Tower, M12
£1,49505/240 miWhitworth Street West, Manchester, Greater Manchester, M12
£1,55005/240 miWhitworth Street West, Manchester, Greater Manchester, M12
£1,70006/240 miWhitworth Street West, Manchester, Greater Manchester, M12
£1,39505/240.01 miAxis Tower, 9 Whitworth Street West, Southern Gateway, Manchester, M12
£1,65005/240.01 miWhitworth Street West, Manchester2
£1,45002/240.02 mi-2
£1,37503/250.02 mi-2
£1,57505/240.02 miHacienda, 11 - 15 Whitworth Street West, Manchester2
£1,55005/240.02 miWhitworth Street West, Manchester2
£1,40005/240.03 miHacienda, 11-15 Whitworth Street West, Manchester2
£2,80005/240.03 miViadux, Albion Street, Manchester2
£2,50012/240.03 mi-2
£1,40002/240.04 mi-2
£1,50005/240.04 miHacienda, Whitworth Street West, Southern Gateway2
£1,55005/240.04 miThe Hacienda, Whitworth Street West, Southern Gateway2
£1,50005/240.04 miThe Hacienda, Whitworth Street West, Southern Gateway, Manchester, M12
£1,55005/240.04 miThe Hacienda, 11-15 Whitworth Street West, Southern Gateway, Manchester, M12
£1,60005/240.04 miThe Hacienda, 11-15 Whitworth Street West, Southern Gateway, Manchester, M12
£1,55005/240.04 miThe Hacienda, 11-15 Whitworth Street West, Southern Gateway, Manchester, M12
£1,40012/240.04 miWhitworth Street West, Manchester, M12
£1,45005/240.04 miThe Hacienda, 11-15 Whitworth Street West, Southern Gateway, Manchester, M12
£1,60003/240.05 miThe Hacienda, 11-15 Whitworth St, M1 5DD2
£2,49502/250.05 mi-2
£2,50003/250.05 mi-2
£1,57505/240.05 miTHE HACIENDA, Whitworth St West M1 5DE2
£1,45005/240.05 miThe Hacienda, 11 Whitworth Street West, Manchester2
£1,55005/240.05 miThe Hacienda, 11 Whitworth Street West, Manchester2
£1,60006/240.05 miWhitworth Street West, Southern Gateway2
£1,50005/240.05 miHacienda Apartments Manchester M12
£1,30005/240.05 miThe Hacienda Apartments, M12
£1,35006/240.05 miThe Hacienda, Whitworth Street, M12
£1,25006/240.05 miThe Ropeworks, 35 Little Peter Street, Southern Gateway, Manchester, M152
£1,30005/240.06 mi-2
£2,70006/240.06 miViadux, Manchester, Greater Manchester, M12
£2,70005/240.06 miViadux, Deansgate2
£2,20005/240.06 miViadux, Manchester2
£2,50005/240.06 miViadux, Manchester, M12
£2,50012/240.06 mi-2
£1,99912/240.06 mi-2
£2,25001/250.06 mi-2
£2,15003/250.06 mi-2
£1,95003/250.06 mi-2
£2,80006/240.06 miViadux, Deansgate2
£2,80006/240.07 miViadux, Deansgate2
£2,66512/240.07 miGreat Bridgewater Street, Manchester, M12
£2,10003/250.07 mi-2
£2,10002/250.07 mi-2
£2,10003/250.07 mi-2
£2,95012/240.07 mi-2

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

  • High Specification fixtures and fittings +
  • 24/7 hotel-style front of house service +
  • Open plan reception +
  • Open-plan living areas and floor-to-ceiling windows +
  • Beautiful architecture +
  • Unrivalled transport links, with tram, train and buses on the doorstep +
  • Short walk from Castlefield, First Street, Piccadilly and Spinningfields +
  • Stunning, uninterrupted views over Manchester and beyond +
  • Prime canalside city centre location +

Axis Tower - A two bedroom, one bathroom, modern contemporary apartment in the Axis Tower with great views across Manchester. It has an open plan living, modern kitchen and high end appliances.
This property is for sale by the Modern Method of Auction - buyer and seller are to Complete within 56 days (the "Reservation Period"). Interested parties personal data will be shared with the Auctioneer (iamsold).If considering buying with a mortgage, inspect and check with your lender before bidding.
A Buyer Information Pack is provided. The winning bidder will pay £349.00 including VAT for this pack which you must view before bidding. The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.50% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT.

Agent Details

Martin & Co, Redhill

01737 301832

Next Steps?

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