2 Bed Flat, Single Let, Manchester, M22 4JZ, £150,000

3 Pepper Close, Manchester, M22 4JZ - 2 months ago

Leasehold
BTL
ROI: 8%
57 m²
+13 photos

ValuationOvervalued

Sold Prices£86.5K - £800K
Sold Prices/m²£1.5K/m² - £6.7K/m²

 

 

Square Metres

57 m²
Price/m²£2.6K/m²

Value Estimate

£128,118

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£37,500

Stamp Duty & Legal Fees

£8,700

Total Cash In

£46,200

 

 

Cash Out

 

Rent Range

£995 - £1,250

Rent Estimate

£995

Running Costs/mo

£688

Cashflow/mo

£307

Cashflow/yr

£3,687

ROI

8%

Gross Yield

8%

Local Sold Prices

50 sold prices from £86.5K to £800K, average is £141K. £1.5K/m² to £6.7K/m², average is £2.3K/m².

PriceDateDistanceAddressBeds 
£130K11/200 mi21, Pepper Close, Manchester, Greater Manchester M22 4JZ2
£130K05/210 mi31, Pepper Close, Manchester, Greater Manchester M22 4JZ2
£165K02/230 mi25, Pepper Close, Manchester, Greater Manchester M22 4JZ2
£160K12/220.19 mi52, Starling Close, Sharston, Manchester, Greater Manchester M22 4XS2
£170K10/220.19 mi42, Starling Close, Manchester, Greater Manchester M22 4XS2
£139.9K10/210.2 mi102, Starling Close, Sharston, Manchester, Greater Manchester M22 4XS2
£165K07/230.2 mi80, Starling Close, Sharston, Manchester, Greater Manchester M22 4XS2
£166.5K04/230.2 mi46, Starling Close, Sharston, Manchester, Greater Manchester M22 4XS2
£150K02/230.37 mi4, Fenside Road, Manchester, Greater Manchester M22 4WZ2
£125K03/210.54 mi11, Lovett Walk, Manchester, Greater Manchester M22 4LB2
£137.5K04/210.55 mi124, Royle Green Road, Manchester, Greater Manchester M22 4LD2
£120K12/200.59 mi1, Kerfoot Close, Manchester, Greater Manchester M22 4YJ2
£146K12/220.69 mi2, Bude Walk, Manchester, Greater Manchester M23 1PG2
£150K01/230.89 mi32, Floatshall Road, Manchester, Greater Manchester M23 1BX2
£115K02/210.9 mi21, Floatshall Road, Manchester, Greater Manchester M23 1WE2
£197K12/200.93 mi18, Govan Street, Manchester, Greater Manchester M22 4HA2
£142K02/211.05 mi2, Heyland Road, Manchester, Greater Manchester M23 1HE2
£130K06/211.06 mi16, Avebury Road, Manchester, Greater Manchester M23 2GE2
£135K09/231.06 mi48, Studland Road, Manchester, Greater Manchester M22 5AN2
£130K09/221.09 mi90, Oakcliffe Road, Manchester, Greater Manchester M23 1DA2
£285K05/211.09 mi15, Oakcliffe Road, Manchester, Greater Manchester M23 1DA2
£139K12/221.09 mi64, Oakcliffe Road, Manchester, Greater Manchester M23 1DA2
£143K11/221.09 mi92, Oakcliffe Road, Manchester, Greater Manchester M23 1DA2
£122.3K10/231.09 mi60, Oakcliffe Road, Manchester, Greater Manchester M23 1DA2
£150K11/231.13 mi13, Flaxwood Walk, Manchester, Greater Manchester M22 9RW2
£142K09/221.22 mi17, Portslade Walk, Manchester, Greater Manchester M23 2RQ2
£86.5K12/201.24 mi53, Longhope Road, Manchester, Greater Manchester M22 1UP2
£118K11/221.24 mi21, Longhope Road, Manchester, Greater Manchester M22 1UP2
£120K10/211.25 mi32, Beamsley Drive, Manchester, Greater Manchester M22 1TZ2
£110K09/231.28 mi104, Cotefield Road, Manchester, Greater Manchester M22 1UG2
£110K05/231.28 mi18, Ardmore Walk, Manchester, Greater Manchester M22 5QG2
£131K11/201.28 mi16, Ardmore Walk, Manchester, Greater Manchester M22 5QG2
£137.5K05/231.28 mi20, Ardmore Walk, Manchester, Greater Manchester M22 5QG2
£133K10/221.28 mi2, Borth Walk, Manchester, Greater Manchester M23 1EJ2
£97K05/231.33 mi41, Calve Croft Road, Manchester, Greater Manchester M22 5FY2
£158K08/231.45 mi2, Knowe Avenue, Manchester, Greater Manchester M22 0FG2
£100K09/231.47 mi16, Woodbridge Grove, Manchester, Greater Manchester M23 0NL2
£147K12/221.49 mi1, Foxton Walk, Manchester, Greater Manchester M23 2YE2
£185K03/241.55 mi11, Brayford Road, Manchester, Greater Manchester M22 0NS2
£150K01/231.56 mi25, Chatcombe Road, Manchester, Greater Manchester M22 1RQ2
£212.8K12/201.6 mi13, Hearthstone Close, Cheadle, Greater Manchester SK8 2NW2
£133.5K08/211.61 mi10, Barrowfield Road, Manchester, Greater Manchester M22 1RT2
£130K08/211.65 mi89, Silverdale Road, Gatley, Cheadle, Greater Manchester SK8 4RF2
£354K06/231.66 mi6, Canterbury Park, Manchester, Greater Manchester M20 2UQ2
£800K05/211.69 mi2, Plowley Close, Manchester, Greater Manchester M20 2DB2
£345K12/231.7 miFlat 9, Beechwood Court, Holme Road, Manchester, Greater Manchester M20 2UA2
£155K09/211.71 mi15, Dixon Court, Cheadle, Greater Manchester SK8 1DE2
£183K08/211.71 mi2, Dixon Court, Cheadle, Greater Manchester SK8 1DE2
£140K02/231.72 mi36, Rowarth Road, Manchester, Greater Manchester M23 2UP2
£255K01/211.72 miFlat 16, Cairncroft, Holme Road, Manchester, Greater Manchester M20 2UP2

Local Rents

31 rents from £995/mo to £1.3K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,20012/240.02 mi-2
£1,10004/250.04 mi-2
£1,15004/250.11 mi-2
£1,05005/240.11 miAltrincham Road, Manchester2
£1,20002/250.13 mi-2
£1,10002/250.13 mi-2
£1,20004/250.2 mi-2
£1,15006/240.21 miNorthumberland Way, Sharston2
£1,00004/250.22 mi-2
£1,19505/240.29 miPetworth Close, Manchester, M222
£1,10005/240.29 mi196 Altrincham Road, Manchester2
£1,05001/250.29 mi-2
£99512/240.3 mi-2
£1,20002/250.3 mi-2
£1,00005/240.31 miGreenwood Road, Wythenshawe, Manchester, M222
£1,00005/240.31 mi69 Greenwood Rd, Moss Nook2
£1,00005/240.31 mi71 Greenwood Road, Wythenshawe2
£99505/240.35 miGreenwood Road, Manchester, M222
£1,05004/250.35 mi-2
£1,05005/240.35 miAltrincham Road, Manchester, Greater Manchester, M222
£1,10005/240.35 miAltrincham Road, Manchester2
£1,15005/240.35 miTurnbury Road, Sharston, Manchester, M22 4ZB2
£1,15005/240.38 miFenside Road, Manchester2
£1,05005/240.38 mi21 Broadoak Drive, Manchester, Greater Manchester, M222
£1,15005/240.41 miStancliffe Road, Manchester, Greater Manchester, M222
£1,20006/240.5 miGreenwood Road, Wythenshawe2
£1,10005/240.53 miChaffinch Close, Sharston, M22 4WX2
£1,15012/240.54 mi-2
£1,25005/240.55 miChaffinch Close, Manchester2
£1,10009/240.61 miCranston Grove, SK82
£1,20009/240.61 miCranston Grove, Gatley, Cheadle, Cheshire, SK82

Local Area Statistics

Population in M22

42,201

Population in Manchester

920,095

Town centre distance

4.15 miles away

Nearest school

0.40 miles away

Nearest train station

0.85 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+11%

Sales demand

Seller's market

Capital growth (5yrs)

+52%

Property History

Listed for £150,000

March 6, 2025

Floor Plans

Description

  • Ground Floor Apartment +
  • Two Bedrooms +
  • En-suite +
  • Modern Bathroom +
  • Open Plan Living +
  • Off Road Parking +

Callaghans are pleased to offer for sale this well proportioned apartment occupying a ground floor corner position within this popular modern development. The development is situated within easy reach of good transport links and shops within a stones throw. The property has been recently re-decorated throughout and offers nicely balanced accommodation, perfect for first time buyers! The accommodation comprises of an entrance hallway with storage cupboard and intercom system. This opens to the spacious open plan living room comprising of a stylish fitted kitchen, spacious lounge area and a double glazed patio doors flooding the room with natural light and allowing easy access. There are two well proportioned bedrooms of which the principle room boasts patio doors and is served by an en-suite shower room. The apartment is further served by a three piece white family bathroom suite comprising a wash basin, W.C and bath with shower attachment over. Externally, there is secure allocated off road parking to the front of the development in addition to a secured coded entry system. The property is offered for sale with no onward vendor chain. Contact Callaghans now to find out more about this smart apartment.

Agent Details

Callaghans, Gatley

0161 524 4378

Next Steps?

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