2 Bed Flat, Single Let, Manchester, M4 6JA, £220,000

McConnell Building, 16 Jersey Street, Northern Quarter, Manchester, M4 6JA - 9 days ago

Leasehold
BTL
ROI: 5%
~68 m²
+9 photos

ValuationOvervalued

Sold Prices£80K - £487K
Sold Prices/m²£2.3K/m² - £4.4K/m²

 

 

Square Metres

~68.11 m²
Price/m²£3.2K/m²

Value Estimate

£208,117

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£55,000

Stamp Duty & Legal Fees

£12,200

Total Cash In

£67,200

 

 

Cash Out

 

Rent Range

£1,200 - £2,500

Rent Estimate

£1,263

Running Costs/mo

£960

Cashflow/mo

£303

Cashflow/yr

£3,635

ROI

5%

Gross Yield

7%

Local Sold Prices

52 sold prices from £80K to £487K, average is £170.5K. £2.3K/m² to £4.4K/m², average is £3.1K/m².

PriceDateDistanceAddressBeds 
£257K10/210.04 miFlat 50, M M2 Apartments, Pickford Street, Manchester, Greater Manchester M4 5BS2
£487K03/230.29 mi11, Marshall Street, Manchester, Greater Manchester M4 5FU2
£270K05/230.32 mi17, William Jessop Court, Manchester, Greater Manchester M1 2NE2
£270K03/210.35 mi4, John Smeaton Court, Manchester, Greater Manchester M1 2NR2
£220K01/240.49 miBlock D, Apartment 59, Pollard Street, Manchester, Greater Manchester M4 7AT2
£213K03/210.63 miFlat 51, Sackville Place, Bombay Street, Manchester, Greater Manchester M1 7AT2
£250K11/230.63 miFlat 25, Sackville Place, Bombay Street, Manchester, Greater Manchester M1 7AT2
£220K12/220.67 miApartment 39, Venice Court, Samuel Ogden Street, Manchester, Greater Manchester M1 7AX2
£180K10/200.68 miApartment 30, Venice Court, Samuel Ogden Street, Manchester, Greater Manchester M1 7AX2
£207.5K12/200.68 miFlat 21, Granby House, Granby Row, Manchester, Greater Manchester M1 7AR2
£203K02/230.68 miFlat 31, Granby House, Granby Row, Manchester, Greater Manchester M1 7AR2
£170K03/210.9 mi10, Hursthead Walk, Manchester, Greater Manchester M13 9UT2
£234K06/210.94 miApartment 381, Block 7 Spectrum, Blackfriars Road, Salford, Greater Manchester M3 7BY2
£199.9K10/200.95 miApartment 222, Quebec Building, Bury Street, Salford, Greater Manchester M3 7DU2
£150K09/230.98 miApartment 219, Quebec Building, Bury Street, Salford, Greater Manchester M3 7DY2
£150K05/231.04 mi12, Twillbrook Drive, Salford, Greater Manchester M3 7AR2
£140K11/201.04 mi12, Twillbrook Drive, Salford, Greater Manchester M3 7AR2
£130K02/211.06 mi11, Georgette Drive, Salford, Greater Manchester M3 7AF2
£150K08/211.06 mi1, Georgette Drive, Salford, Greater Manchester M3 7AF2
£178K09/211.07 mi36, Bridgewater Street, Salford, Greater Manchester M3 7AS2
£285K06/211.07 mi28, Porchfield Square, Manchester, Greater Manchester M3 4FG2
£294K12/201.09 mi11, Culvercliff Walk, Manchester, Greater Manchester M3 4FL2
£277K07/211.09 mi1, Culvercliffe Walk, Manchester, Greater Manchester M3 4FL2
£170K09/211.1 miFlat 12, Model Lodging House, Bloom Street, Salford, Greater Manchester M3 6AJ2
£330K12/221.1 miFlat 36, Model Lodging House, Bloom Street, Salford, Greater Manchester M3 6AJ2
£220K06/211.1 mi29, Rozel Square, Manchester, Greater Manchester M3 4FQ2
£173K07/211.11 mi31, Conmere Square, Manchester, Greater Manchester M15 6DE2
£175K12/221.13 mi7, Valerie Walk, Manchester, Greater Manchester M15 6DB2
£167K03/211.14 miFlat 214, Canon Green Court, West King Street, Salford, Greater Manchester M3 7HA2
£145K06/211.15 mi10, Bevill Square, Salford, Greater Manchester M3 6BB2
£108K07/231.15 miFlat 14, Grey Friar Court, Bridgewater Street, Salford, Greater Manchester M3 7LB2
£110K04/211.18 mi21, Clarendon Street, Manchester, Greater Manchester M15 5ED2
£125.5K07/231.18 miFlat 82, St. Davids Court, Sherborne Street, Manchester, Greater Manchester M8 8NT2
£165K12/231.19 mi57, Newcastle Street, Manchester, Greater Manchester M15 6HF2
£125.5K02/231.21 miFlat 100, St. Davids Court, Sherborne Street, Manchester, Greater Manchester M8 8NT2
£80K09/231.22 miFlat 12, Hayden Court, Sedgeford Road, Manchester, Greater Manchester M40 8QW2
£107K10/201.22 miFlat 34, St. Davids Court, Sherborne Street, Manchester, Greater Manchester M8 8ND2
£105K06/211.22 miFlat 41, St. Davids Court, Sherborne Street, Manchester, Greater Manchester M8 8ND2
£166K07/231.24 mi19, Lockett Gardens, Salford, Greater Manchester M3 6BJ2
£166K07/231.24 mi19, Lockett Gardens, Salford, Greater Manchester M3 6BJ2
£155K10/211.24 mi16, Rockdove Avenue, Manchester, Greater Manchester M15 5FH2
£171K09/211.24 mi34, Rockdove Avenue, Manchester, Greater Manchester M15 5FH2
£141.7K06/211.25 mi57, Rockdove Avenue, Manchester, Greater Manchester M15 5EH2
£156K02/231.26 mi59, Waterloo Road, Manchester, Greater Manchester M8 8BY2
£208K02/211.27 mi133d, Liverpool Road, Manchester, Greater Manchester M3 4JN2
£240K04/211.27 mi127f, Liverpool Road, Manchester, Greater Manchester M3 4JN2
£160K09/221.27 mi6, St Albans Terrace, Manchester, Greater Manchester M8 8BZ2
£160K07/211.3 mi54, Hunmanby Avenue, Manchester, Greater Manchester M15 5FE2
£170K06/231.3 mi22, Brotherton Drive, Salford, Greater Manchester M3 6BH2
£170K06/231.3 mi22, Brotherton Drive, Salford, Greater Manchester M3 6BH2
£210K03/211.3 mi19, Woollam Place, Manchester, Greater Manchester M3 4JJ2
£230K08/211.31 mi32, Potato Wharf, Manchester, Greater Manchester M3 4NB2

Local Rents

51 rents from £1.2K/mo to £2.5K/mo, average is £1.5K/mo.

RentDateDistanceAddressBeds 
£1,49505/240.01 mi404 Fairbairn, Ancoats2
£1,52512/240.02 mi-2
£1,55002/250.02 mi-2
£2,30006/240.03 mi-2
£1,74005/240.03 miHood Street :: Ancoats2
£1,75005/240.03 miOne Cutting Room Square :: Ancoats2
£1,41503/250.04 mi-2
£1,55005/240.04 miRoyal Mills, Ancoats2
£1,35005/240.05 mi-2
£1,35005/240.05 miGreat Ancoats Street, Manchester, M42
£1,35005/240.05 miNuovo, 59 Great Ancoats Street, Northern Quarter2
£2,05005/240.05 mi-2
£1,49505/240.05 miApt 4.01 :: Ice Plant2
£1,49505/240.05 miApt 5.03 :: Ice Plant2
£1,97505/240.05 miApt 6.10 :: Ice Plant2
£1,55005/240.05 miApt 2.01 :: Ice Plant2
£1,49505/240.05 miApt 6.05 :: Ice Plant2
£1,49505/240.05 miApt 5.01 :: Ice Plant2
£1,57506/240.05 miApt 4.03 :: Ice Plant2
£1,60012/240.05 mi-2
£1,60005/240.05 miRoyal Mills :: Ancoats2
£1,55006/240.05 miNuovo Apartments, 59 Great Ancoats Street, Manchester, Greater Manchester, M42
£1,40005/240.05 mi-2
£1,40005/240.05 miGreat Ancoats Street, Manchester, M42
£1,45002/250.05 mi-2
£1,49505/240.05 miApt 3.04 :: Ice Plant2
£1,20005/240.06 mi-2
£1,20005/240.06 miNuovo, Manchester, M42
£1,47505/240.06 mi10th Floor, Nuovo Apartments2
£1,77205/240.06 miHenry Street, Manchester, Greater Manchester, M42
£1,79805/240.06 miHenry Street, Manchester, Greater Manchester, M42
£1,40005/240.06 miLoom Street, Manchester, Greater Manchester, M42
£1,45005/240.06 mi-2
£1,45005/240.06 miRoyal Mills, Manchester, M42
£1,47505/240.06 miBlossom Street, Manchester, Greater Manchester, M42
£1,25005/240.06 miMM2 Building, Ancoats, M42
£1,50005/240.07 miKennedy Building, Murray Street2
£1,70005/240.07 miCotton Street, Ancoats2
£2,50005/240.07 miManchester, M42
£2,50005/240.07 miManchester, M42
£1,57003/240.07 miBlossom Street, Manchester, Greater Manchester, M42
£1,59903/240.07 miBlossom Street, Manchester, Greater Manchester, M42
£1,56603/240.07 miBlossom Street, Manchester, Greater Manchester, M42
£1,61205/240.07 miBlossom Street, Manchester, Greater Manchester, M42
£1,55006/240.07 miBlossom Street, Manchester, Greater Manchester, M42
£1,41505/240.08 miSawmill Court, Murray Street, Manchester, Greater Manchester, M42
£1,38505/240.08 miMurray Street, Manchester, Greater Manchester, M42
£1,52506/240.08 miMurray Street, Manchester, Greater Manchester, M42
£1,45005/240.08 miOxid House, 78 Newton Street, Ancoats, Manchester City Centre, M12
£1,40005/240.08 miOxid House, 78 Newton Street, Manchester City Centre, M12
£1,45006/240.08 miOxid House, 78 Newton Street, Manchester, M12

Local Area Statistics

Population in M4

10,600

Population in Manchester

920,095

Town centre distance

2.16 miles away

Nearest school

0.10 miles away

Nearest train station

0.42 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+33%

Sales demand

Buyer's market

Capital growth (5yrs)

+3%

Property History

Listed for £220,000

March 6, 2025

Description

  • Perfect For First Time Buyers +
  • Great Investment +
  • Northern Quarter location +
  • Open Plan Living Area +
  • Two Double Bedrooms +
  • Stylish Bathroom Suite +
  • First Floor Apartment +
  • Next to the Northern Quarter +
  • Close to Both Victoria & Piccadilly Station +
  • EPC Rating C +

McConnel Building is located within the popular Ancoats urban village which is next the Northern Quarter and close to both Piccadilly Station and the Arndale Centre. This apartment comprises; an entrance hallway, open plan living area with modern integrated kitchen, two double bedrooms and a stylish bathroom suite. The development also benefits from a concierge service.

Subject to contract. EPC Rating C.

Agent Details

Thornley Groves, Manchester Southern Gateway

0161 524 4726

Next Steps?

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