2 Bed Flat, Cash/Bridging Only, Manchester, M11 4BX, £155,000

The Frame, 2a The Waterfront, Openshaw, M11 4BX - 21 days ago

Leasehold

Cash

ROI: 7%

~68 m²

+3 photos

ValuationFair Value

Sold Prices	£53K - £487K
Sold Prices/m²	£778/m² - £4.2K/m²

Square Metres	~68.11 m²
Price/m²	£2.3K/m²
Value Estimate	£157,179£157,179

End Value (After Refurb)	£145,000£145,000

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£38,750£38,750
Stamp Duty & Legal Fees	£8,950£8,950
Refurb Costs	£28,800£28,800
Bridging Loan Interest	£4,069£4,069
Total Cash In	£82,319£82,319

Cash Out
Monetisation	FlipRefinance & RentRefinance & Rent
Revaluation	£145,000£145,000
Mortgage (After Refinance)	£108,750£108,750
Mortgage LTV	75%75%
Cash Left In	£82,319£82,319
Equity	£36,250£36,250
Rent Range	£875 - £2,950£875 - £2,950
Rent Estimate	£1,210
Running Costs/mo	£715£715
Cashflow/mo	£495£495
Cashflow/yr	£5,939£5,939
ROI	7%7%
Gross Yield	9%9%

Local Sold Prices

32 sold prices from £53K to £487K, average is £158K. £778/m² to £4.2K/m², average is £2.3K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£220K	01/24	1.07 mi	Block D, Apartment 59, Pollard Street, Manchester, Greater Manchester M4 7AT	£3,607	61	2	Flat
£80K	09/23	1.19 mi	Flat 12, Hayden Court, Sedgeford Road, Manchester, Greater Manchester M40 8QW	-	-	2	Flat
£85K	12/23	1.21 mi	67, Gorton Lane, Manchester, Greater Manchester M12 5WF	-	-	2	Flat
£59.5K	05/21	1.22 mi	5, Crosby Road, Manchester, Greater Manchester M40 1QB	£930	64	2	Flat
£270K	05/23	1.27 mi	17, William Jessop Court, Manchester, Greater Manchester M1 2NE	£3,462	78	2	Flat
£270K	03/21	1.28 mi	4, John Smeaton Court, Manchester, Greater Manchester M1 2NR	£4,219	64	2	Flat
£105K	07/22	1.33 mi	250a, Manor Road, Droylsden, Manchester, Greater Manchester M43 6JD	£1,650	64	2	Flat
£257K	10/21	1.34 mi	Flat 50, M M2 Apartments, Pickford Street, Manchester, Greater Manchester M4 5BS	-	-	2	Flat
£160K	12/21	1.36 mi	16, Kent Avenue, Droylsden, Manchester, Greater Manchester M43 6BW	£2,078	77	2	Flat
£107K	07/21	1.5 mi	79, Crammond Close, Manchester, Greater Manchester M40 1PL	£2,147	50	2	Flat
£86.5K	12/20	1.5 mi	73, Crammond Close, Manchester, Greater Manchester M40 1PL	£1,482	58	2	Flat
£140K	06/21	1.54 mi	396, Greenside Lane, Droylsden, Manchester, Greater Manchester M43 7RZ	£2,495	56	2	Flat
£53K	11/20	1.54 mi	8, Ketton Close, Manchester, Greater Manchester M11 1NA	£1,060	50	2	Flat
£130K	09/23	1.55 mi	36, Tinningham Close, Manchester, Greater Manchester M11 1NB	£2,605	50	2	Flat
£487K	03/23	1.55 mi	11, Marshall Street, Manchester, Greater Manchester M4 5FU	£3,555	137	2	Flat
£150K	03/21	1.57 mi	11, Faversham Street, Manchester, Greater Manchester M40 5AR	£2,308	65	2	Flat
£160K	03/23	1.72 mi	22, Devonshire Street South, Manchester, Greater Manchester M13 9HA	£2,963	54	2	Flat
£170K	03/21	1.73 mi	10, Hursthead Walk, Manchester, Greater Manchester M13 9UT	£2,394	71	2	Flat
£160K	08/21	1.74 mi	11, Old Farm Crescent, Droylsden, Manchester, Greater Manchester M43 6EU	£2,581	62	2	Flat
£70K	02/21	1.76 mi	2, Edale Avenue, Manchester, Greater Manchester M40 9HU	£778	90	2	Flat
£250K	11/23	1.77 mi	Flat 25, Sackville Place, Bombay Street, Manchester, Greater Manchester M1 7AT	-	-	2	Flat
£213K	03/21	1.77 mi	Flat 51, Sackville Place, Bombay Street, Manchester, Greater Manchester M1 7AT	-	-	2	Flat
£207.5K	12/20	1.78 mi	Flat 21, Granby House, Granby Row, Manchester, Greater Manchester M1 7AR	-	-	2	Flat
£203K	02/23	1.78 mi	Flat 31, Granby House, Granby Row, Manchester, Greater Manchester M1 7AR	-	-	2	Flat
£215K	07/21	1.78 mi	5, Lindrick Close, Manchester, Greater Manchester M40 3WB	-	-	2	Flat
£120K	05/24	1.8 mi	9, Mount Road, Manchester, Greater Manchester M18 7BG	-	-	2	Flat
£220K	12/22	1.83 mi	Apartment 39, Venice Court, Samuel Ogden Street, Manchester, Greater Manchester M1 7AX	-	-	2	Flat
£180K	10/20	1.83 mi	Apartment 30, Venice Court, Samuel Ogden Street, Manchester, Greater Manchester M1 7AX	-	-	2	Flat
£95K	10/20	1.88 mi	108, Stanley Grove, Manchester, Greater Manchester M12 5GF	£905	105	2	Flat
£130K	04/21	1.93 mi	18, Lock Keepers Court, Droylsden, Manchester, Greater Manchester M43 6GG	-	-	2	Flat
£130K	09/21	1.94 mi	65, Abbeydale Road, Manchester, Greater Manchester M40 0AJ	-	-	2	Flat
£156K	02/22	1.97 mi	16, Clapham Street, Manchester, Greater Manchester M40 0BA	£2,026	77	2	Flat

Local Rents

50 rents from £875/mo to £3K/mo, average is £1.1K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,100	05/24	0.02 mi	2 The Waterfront, Sports City, Openshaw, Manchester, M11	2	Flat
£1,150	05/24	0.03 mi	2 The Waterfront, Sports City, Openshaw, Manchester, M11	2	Flat
£1,100	05/24	0.03 mi	The Waterfront, Openshaw, Manchester, M11	2	Flat
£1,100	12/24	0.03 mi	-	2	Flat
£1,200	01/24	0.04 mi	-	2	Flat
£1,100	03/25	0.04 mi	-	2	Flat
£1,000	05/24	0.04 mi	The Waterfront, Manchester, M11	2	Flat
£2,700	12/24	0.05 mi	-	2	Flat
£2,100	01/25	0.05 mi	-	2	Flat
£1,100	06/24	0.06 mi	The Drum, Stillwater Drive, M11	2	Flat
£950	12/24	0.07 mi	-	2	Flat
£1,050	06/24	0.07 mi	Stillwater Drive, 5 Stillwater Drive, Manchester	2	Flat
£1,050	06/24	0.07 mi	Stillwater Drive, Sports City, Macnhester, M11	2	Flat
£975	02/25	0.08 mi	-	2	Flat
£1,200	12/24	0.08 mi	-	2	Flat
£1,050	05/24	0.08 mi	The Drum, 2 Stuart Street, Sport City	2	Flat
£950	05/24	0.08 mi	Stillwater Drive, Sports City, Manchester, M11	2	Flat
£1,100	05/24	0.09 mi	Apt 10, 2 Stuart Street, Clayton M11 4DQ	2	Flat
£950	05/24	0.09 mi	5 Stillwater Drive, Openshaw, Sports City, Manchester, M11	2	Flat
£975	05/24	0.09 mi	5 Stillwater Drive, Sports City, Openshaw, Manchester, M11	2	Flat
£975	06/24	0.1 mi	1 Stillwater Drive, Openshaw, Sports City, Manchester, M11	2	Flat
£975	05/24	0.1 mi	Stillwater Drive, SportCity, Manchester, M11	2	Flat
£1,250	12/24	0.1 mi	-	2	Flat
£1,000	05/24	0.1 mi	Stillwater Drive, Stillwater Drive, Manchester, M11	2	Flat
£1,000	06/24	0.1 mi	Stillwater Drive, Stillwater Drive, Manchester, M11	2	Flat
£1,300	12/24	0.11 mi	-	2	Terraced House
£1,300	12/24	0.11 mi	-	2	Terraced House
£1,300	05/24	0.11 mi	Wesham Road, Manchester, M11	2	Terraced House
£925	05/24	0.11 mi	Stillwater Drive,Clayton,Manchester,M11 4TE	2	Flat
£1,095	05/24	0.11 mi	3 Stillwater Drive, Sportcity , Manchester, M11 4TE	2	Flat
£975	06/24	0.11 mi	3 Stillwater Drive, Sports City, Openshaw, Manchester, M11	2	Flat
£950	05/24	0.11 mi	3 Stillwater Drive, Sports City, Openshaw, Manchester, M11	2	Flat
£1,200	03/25	0.37 mi	-	2	Terraced House
£1,200	02/25	0.37 mi	-	2	Terraced House
£875	12/24	0.41 mi	-	2	Terraced House
£975	05/24	0.43 mi	-	2	Terraced House
£1,000	03/25	0.43 mi	-	2	Terraced House
£950	01/24	0.43 mi	-	2	Terraced House
£1,000	08/24	0.48 mi	The Mews, Manchester, M40	2	Semi-Detached House
£1,150	05/24	0.48 mi	Darley Street, Manchester, M11	2	Detached House
£1,100	06/24	0.51 mi	Saxon Street, Manchester, M40	2	Semi-Detached House
£1,100	06/24	0.52 mi	Saxon Street, Manchester, M40	2	Terraced House
£1,300	08/24	0.52 mi	Saxon Street, Manchester, M40	2	House
£2,250	11/24	0.56 mi	-	2	Terraced House
£1,075	06/24	0.56 mi	Padstow Street, Sports City, Manchester, M40	2	Terraced House
£1,150	08/24	0.56 mi	Padstow Street, Sports City, Manchester, M40	2	Terraced House
£1,400	05/24	0.61 mi	-	2	Semi-Detached House
£1,350	01/25	0.62 mi	-	2	Semi-Detached House
£2,950	01/24	0.62 mi	-	2	Semi-Detached House
£1,250	03/25	0.62 mi	-	2	Terraced House

Local Area Statistics

Population in M11	20,27320,273
Population in Manchester	920,095920,095
Town centre distance	3.05 miles away3.05 miles away
Nearest school	0.30 miles away0.30 miles away
Nearest train station	0.77 miles away0.77 miles away

Rental growth (12m)	+112%+112%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+27%+27%

Property History

Listed for £155,000

March 12, 2025

Floor Plans

Description

Two Bedroom Apartment +
First Floor +
Balcony +
EWS1 Form In Place +
Close to CO-OP Arena, Asda and Tram Stop +
No Onward Chain +
EPC Rating C / Council Tax Band B +

CASH BUYERS ONLY.
Welcome to this charming two-bedroom apartment located in the heart of Sportscity at The Frame, 2a The Waterfront. Situated on the fifth floor, this property boasts a spacious reception room with balcony over looking nearby canal, perfect for entertaining guests or simply relaxing after a long day.

With two bedrooms, there is plenty of space for a small family, a couple, or even as a stylish home office. The apartment features a modern bathroom, ideal for unwinding in a warm bath after a busy day in Central Manchester, which is conveniently close by.

One of the perks of this property is the parking space available for one car, ensuring you never have to worry about finding a spot after a long day at work. Additionally, this apartment comes with no onward chain, making the buying process smooth and hassle-free.

EWS1 in Place.

Entrance Hall - Laminate flooring. Ceiling light. Wall mounted heater. Intercom.

Living Room/Kitchen - 7.10 x 3.89 (23'3" x 12'9") - Range of wall and base units with worktops over. Sink with mixer tap. Integrated fridge/freezer. Cooker with hob and extractor over. Laminate flooring. Ceiling light. Wall mounted heater. Access to balcony.

Bedroom One - 3.83 x 2.83 (12'6" x 9'3") - Laminate flooring. Ceiling light. Wall mounted heater. Fitted wardrobes. TV and telephone point.

Bedroom Two - 2.89 x 2.58 (9'5" x 8'5") - Laminate flooring. Ceiling light. Wall mounted heater.

Bathroom - Low level W/C. Sink with mixer tap. Bath with mixer shower over. Heated towel rail. Ceiling light.

Externally - Allocated parking space. Lifts to all floors. Balcony.

Addtional Information - Lease Term: 250 years (less 10 days) from 9 January 2003.
Service charges are approximately £2580.00 per annum
Ground rent £50.00 per annum
Council Tax Band: B

Agent Details

Jordan Fishwick, Manchester

0161 524 3050

Next Steps?

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