2 Bed Flat, Single Let, Manchester, M14 5LY, £165,000

Hadfield Close, Manchester, M14 5LY - 1 views - a month ago

Leasehold
BTL
ROI: 5%
~68 m²

ValuationOvervalued

Sold Prices£95K - £250K
Sold Prices/m²£905/m² - £3K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.4K/m²

Value Estimate

£159,760

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£41,250

Stamp Duty & Legal Fees

£10,250

Total Cash In

£51,500

 

 

Cash Out

 

Rent Range

£950 - £2,200

Rent Estimate

£950

Running Costs/mo

£726

Cashflow/mo

£224

Cashflow/yr

£2,693

ROI

5%

Gross Yield

7%

Local Sold Prices

36 sold prices from £95K to £250K, average is £160K. £905/m² to £3K/m², average is £2.3K/m².

PriceDateDistanceAddressBeds 
£170K01/230.01 mi90, Hadfield Close, Rusholme, Manchester, Greater Manchester M14 5LY2
£160K02/210.01 mi14, Hadfield Close, Rusholme, Manchester, Greater Manchester M14 5LY2
£157.5K04/230.01 mi84, Hadfield Close, Rusholme, Manchester, Greater Manchester M14 5LY2
£175.5K03/230.01 mi60, Hadfield Close, Rusholme, Manchester, Greater Manchester M14 5LY2
£172K03/230.01 mi4, Hadfield Close, Rusholme, Manchester, Greater Manchester M14 5LY2
£171K06/230.01 mi36, Hadfield Close, Rusholme, Manchester, Greater Manchester M14 5LY2
£157.5K08/230.01 mi92, Hadfield Close, Rusholme, Manchester, Greater Manchester M14 5LY2
£172.5K12/220.02 mi62, Hadfield Close, Rusholme, Manchester, Greater Manchester M14 5LY2
£146.5K12/200.22 miApartment 30, Ellerslie Court, Upper Park Road, Manchester, Greater Manchester M14 5RH2
£160K02/210.22 miApartment 6, Ellerslie Court, Upper Park Road, Manchester, Greater Manchester M14 5RH2
£175K12/200.22 miApartment 7, Ellerslie Court, Upper Park Road, Manchester, Greater Manchester M14 5RH2
£180K07/210.24 miFlat 5, Ashburne House, Oxford Place, Manchester, Greater Manchester M14 5SF2
£158K10/200.24 miFlat 1, Ashburne House, Oxford Place, Manchester, Greater Manchester M14 5SF2
£139K09/210.25 miFlat 14, Egerton Court, Upper Park Road, Manchester, Greater Manchester M14 5SL2
£250K12/220.38 miFlat 56, Appleby Lodge, Wilmslow Road, Manchester, Greater Manchester M14 6HY2
£165K05/210.39 miFlat 95, Appleby Lodge, Wilmslow Road, Manchester, Greater Manchester M14 6HG2
£203K12/220.42 miFlat 68, Thorne House, Wilmslow Road, Manchester, Greater Manchester M14 6DW2
£155K10/210.43 miFlat 65, Thorne House, Wilmslow Road, Manchester, Greater Manchester M14 6DW2
£125K06/230.43 miFlat 12, Thorne House, Wilmslow Road, Manchester, Greater Manchester M14 6DW2
£168.8K11/220.43 miFlat 26, Thorne House, Wilmslow Road, Manchester, Greater Manchester M14 6DW2
£187.5K12/220.43 miFlat 18, Thorne House, Wilmslow Road, Manchester, Greater Manchester M14 6DW2
£185K12/220.46 miFlat 46, Thorne House, Wilmslow Road, Manchester, Greater Manchester M14 6DW2
£160K03/230.7 mi22, Devonshire Street South, Manchester, Greater Manchester M13 9HA2
£135K02/230.85 mi19, Bucklow Avenue, Manchester, Greater Manchester M14 7AR2
£159.5K12/230.87 mi14, Bucklow Avenue, Manchester, Greater Manchester M14 7AR2
£131K12/200.87 mi14, Bucklow Avenue, Manchester, Greater Manchester M14 7AR2
£147K09/210.93 mi66, Chervil Close, Manchester, Greater Manchester M14 7DP2
£162K08/230.93 mi66, Chervil Close, Manchester, Greater Manchester M14 7DP2
£149.9K06/230.93 mi10, Chervil Close, Manchester, Greater Manchester M14 7DP2
£131K05/210.93 mi74, Chervil Close, Manchester, Greater Manchester M14 7DP2
£130K03/230.95 miFlat 4, Park Lodge, Park Avenue, Levenshulme, Manchester, Greater Manchester M19 2EE2
£95K10/200.95 mi108, Stanley Grove, Manchester, Greater Manchester M12 5GF2
£123K03/230.98 miFlat 28, Warwick House, Central Avenue, Manchester, Greater Manchester M19 2FF2
£135K04/220.98 miFlat 36, Warwick House, Central Avenue, Manchester, Greater Manchester M19 2FF2
£202K12/221 mi30, Willow Bank, Manchester, Greater Manchester M14 6XT2
£213K10/211 mi32, Willow Bank, Manchester, Greater Manchester M14 6XT2

Local Rents

50 rents from £950/mo to £2.2K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,40005/240.01 miManchester , M142
£1,20005/240.01 miHadfield Close, Fallowfield, Manchester, M142
£1,20005/240.04 miSchuster Road, Victoria Park, M142
£1,25005/240.07 miSchuster Road, Manchester, Greater Manchester, M142
£1,20003/250.11 mi-2
£2,20003/250.11 mi-2
£1,05006/240.12 miFitzwilliam Court, Anson Road, Victoria Park, Manchester, M142
£1,35003/250.13 mi-2
£1,10002/240.16 mi-2
£1,45012/240.16 mi-2
£1,20002/250.16 mi-2
£1,10001/250.16 mi-2
£1,25003/250.16 mi-2
£1,00005/240.18 miHope Road, Manchester, M142
£1,00005/240.18 miHope Road, Manchester, M142
£1,30005/240.19 mi-2
£1,30005/240.19 mi-2
£1,30002/250.19 mi-2
£1,20003/250.2 mi-2
£1,35005/240.2 mi-2
£1,35003/250.2 mi-2
£1,15005/240.21 miUpper Park Road, Manchester, Greater Manchester, M142
£1,30005/240.21 miEllerslie Court, Upper Park Road, M142
£1,31705/240.22 miBirchfields Road, Victoria Park, Manchester2
£1,08305/240.23 miBirchfields Road, Rusholme, Manchester, M132
£99506/240.23 mi-2
£99505/240.23 miNew Carfax Court, Manchester, M142
£1,10005/240.24 miAshburne House, Rusholme, M142
£1,20005/240.25 mi-2
£95003/250.28 mi-2
£95005/240.28 mi-2
£95003/250.29 mi-2
£1,00005/240.3 miWilmslow Road, Rusholme, Manchester, M142
£1,10006/240.3 mi-2
£95005/240.3 miBrighton Grove, Manchester, Greater Manchester, M142
£95005/240.3 miBrighton Grove, Manchester, Greater Manchester, M142
£95003/240.3 miBrighton Grove, Manchester, Greater Manchester, M142
£95005/240.3 miBrighton Grove, Manchester, Greater Manchester, M142
£1,29506/240.3 miDaisy Bank Road, Victoria Park, Manchester2
£95003/240.31 miBrighton Grove Manchester, M142
£1,50005/240.31 miWilmslow Road, Manchester, Greater Manchester, M142
£1,15012/240.32 miDickenson Road, Manchester, M132
£1,15006/240.32 mi-2
£1,15006/240.32 miDickenson Road, Manchester, M132
£1,20005/240.32 mi-2
£1,20005/240.32 miBrighton Grove, Manchester, M142
£1,30005/240.32 miPark Crescent, Rusholme2
£1,20005/240.33 miFairfield Court, Manchester, M142
£1,20006/240.33 miFairfield Court, Manchester, M142
£1,20012/240.33 mi-2

Local Area Statistics

Population in M14

52,853

Population in Manchester

920,095

Town centre distance

1.43 miles away

Nearest school

0.40 miles away

Nearest train station

1.16 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

-42%

Sales demand

Seller's market

Capital growth (5yrs)

+49%

Property History

Listed for £165,000

March 10, 2025

Description

  • Ground Rent - £159.15 p.a +
  • Service Charge - £149.44 per month +
  • Leasehold to December 2151 +
  • Current AST is £11,400pa exclusive +

Spacious Two-Bedroom Apartment in Hadfield Close, Manchester

Situated in a desirable location, this well-presented two-bedroom apartment offers a fantastic opportunity for investors. Positioned on the first floor, the property benefits from a bright and airy feel throughout, with thoughtfully designed living spaces to maximise comfort and convenience.

Upon entering, you are welcomed into a spacious reception room, providing the perfect space for relaxing and entertaining. The adjoining kitchen is well-equipped with ample storage and worktop space, making meal preparation effortless. The property also boasts two generously sized bedrooms, both offering versatility and comfort, ideal for a range of living arrangements. A family bathroom completes the accommodation, featuring modern fittings and a clean, contemporary design.

Externally, the property enjoys a convenient location with easy access to local amenities, transport links, and green spaces. Whether you're commuting to the city centre or seeking a peaceful retreat after a busy day, this apartment strikes the perfect balance between urban convenience and a welcoming community environment.

With an asking price of £165,000, this first-floor apartment is an excellent opportunity to acquire a well-maintained home in a sought-after area. Early viewing is highly recommended to avoid disappointment.

Agent Details

Ash Residential, Manchester

0161 524 2648

Next Steps?

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