2 Bed Flat, Single Let, Manchester, M15 4UW, £155,000

Bishops Corner, 321 Stretford Road, Hulme, Manchester, M15 4UW - 10 days ago

Leasehold
BTL
ROI: 7%
~68 m²
+7 photos

ValuationUndervalued

Sold Prices£95.5K - £215K
Sold Prices/m²£1.5K/m² - £3.6K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.3K/m²

Value Estimate

£177,935
BMV15%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£38,750

Stamp Duty & Legal Fees

£8,950

Total Cash In

£47,700

 

 

Cash Out

 

Rent Range

£950 - £1,800

Rent Estimate

£1,000

Running Costs/mo

£704

Cashflow/mo

£296

Cashflow/yr

£3,548

ROI

7%

Gross Yield

8%

Local Sold Prices

50 sold prices from £95.5K to £215K, average is £153.5K. £1.5K/m² to £3.6K/m², average is £2.6K/m².

PriceDateDistanceAddressBeds 
£165K02/210.06 mi24, Tomlinson Street, Hulme, Manchester, Greater Manchester M15 5FW2
£161K02/240.07 mi104, Royce Road, Hulme, Manchester, Greater Manchester M15 5LA2
£152K04/210.09 mi160, Stretford Road, Manchester, Greater Manchester M15 5JH2
£170.5K10/230.09 mi154, Stretford Road, Manchester, Greater Manchester M15 5JH2
£165K01/210.09 mi56, Stretford Road, Manchester, Greater Manchester M15 5JH2
£165K06/210.14 mi104, Rolls Crescent, Manchester, Greater Manchester M15 5FP2
£140K11/200.14 mi102, Rolls Crescent, Manchester, Greater Manchester M15 5FP2
£160K07/210.17 mi54, Hunmanby Avenue, Manchester, Greater Manchester M15 5FE2
£165K06/230.18 mi296b, Stretford Road, Manchester, Greater Manchester M15 5TN2
£141.7K06/210.2 mi57, Rockdove Avenue, Manchester, Greater Manchester M15 5EH2
£155K10/210.21 mi16, Rockdove Avenue, Manchester, Greater Manchester M15 5FH2
£171K09/210.21 mi34, Rockdove Avenue, Manchester, Greater Manchester M15 5FH2
£172K03/240.24 mi7, St Wilfrids Street, Manchester, Greater Manchester M15 5XE2
£160K08/230.25 mi1d, Rolls Crescent, Manchester, Greater Manchester M15 5JZ2
£170K12/220.27 mi44, Jackson Crescent, Manchester, Greater Manchester M15 5AA2
£110K04/210.27 mi21, Clarendon Street, Manchester, Greater Manchester M15 5ED2
£148K05/210.28 mi94, Jackson Crescent, Manchester, Greater Manchester M15 5AA2
£172.5K06/230.28 mi94, Jackson Crescent, Manchester, Greater Manchester M15 5AA2
£173.5K12/220.28 mi86, Jackson Crescent, Manchester, Greater Manchester M15 5AA2
£138K07/210.3 mi324a, Stretford Road, Manchester, Greater Manchester M15 5TP2
£165K12/230.3 mi57, Newcastle Street, Manchester, Greater Manchester M15 6HF2
£157.5K05/230.32 mi22, Yew Street, Hulme, Manchester, Greater Manchester M15 5YW2
£95.5K01/210.32 mi1, Bold Street, Hulme, Manchester, Greater Manchester M15 5QR2
£175K12/220.33 mi7, Valerie Walk, Manchester, Greater Manchester M15 6DB2
£142.5K10/230.34 mi26, Chichester Road South, Hulme, Manchester, Greater Manchester M15 5QQ2
£173K07/210.35 mi31, Conmere Square, Manchester, Greater Manchester M15 6DE2
£135K12/230.36 mi12b, Blanchard Street, Manchester, Greater Manchester M15 5PN2
£150K12/220.37 mi41, St Mary's Street, Hulme, Manchester, Greater Manchester M15 5WB2
£144K02/210.37 mi71, Drayton Street, Hulme, Manchester, Greater Manchester M15 5LL2
£144K02/210.37 mi71, Drayton Street, Hulme, Manchester, Greater Manchester M15 5LL2
£159.5K11/220.37 mi75, Drayton Street, Manchester, Greater Manchester M15 5LL2
£157.5K04/210.37 mi15, Shawgreen Close, Manchester, Greater Manchester M15 4DR2
£142K05/210.37 mi56, Chorlton Road, Manchester, Greater Manchester M15 4AU2
£137K08/210.38 mi28, Chorlton Road, Hulme, Manchester, Greater Manchester M15 4AU2
£142K05/210.38 mi56, Chorlton Road, Manchester, Greater Manchester M15 4AU2
£137.5K11/200.38 mi60, Chorlton Road, Hulme, Manchester, Greater Manchester M15 4AU2
£162K03/230.38 mi24, Bankwell Street, Hulme, Manchester, Greater Manchester M15 5LN2
£134K04/210.39 mi16, Rook Street, Manchester, Greater Manchester M15 5PS2
£122.5K05/210.39 mi377a, Stretford Road, Manchester, Greater Manchester M15 4AW2
£134K10/210.41 mi143c, Chorlton Road, Hulme, Manchester, Greater Manchester M15 4JG2
£174K12/230.41 mi159b, Chorlton Road, Manchester, Greater Manchester M15 4JG2
£135K07/230.42 mi45, St Mary's Street, Hulme, Manchester, Greater Manchester M15 5WB2
£148K03/230.42 mi33, St Mary's Street, Hulme, Manchester, Greater Manchester M15 5WB2
£160K03/230.42 mi98, Bold Street, Hulme, Manchester, Greater Manchester M15 5QH2
£137K03/210.43 mi66, Peregrine Street, Manchester, Greater Manchester M15 5PU2
£127.5K12/200.43 mi52, Hulme High Street, Hulme, Manchester, Greater Manchester M15 5JP2
£125K10/200.43 mi98, Hulme High Street, Manchester, Greater Manchester M15 5JP2
£170K03/230.44 mi21, Betsham Street, Manchester, Greater Manchester M15 5JN2
£215K12/220.46 mi326, City Road, Manchester, Greater Manchester M15 4FA2
£130K01/210.47 miFlat 29, Thomas Court, Beattock Close, Manchester, Greater Manchester M15 4JA2

Local Rents

50 rents from £950/mo to £1.8K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,20005/240 miBishops Corner, 321 Stretford Road, Manchester, M152
£1,05006/240 miBishops Corner, 321 Stretford Road, Hulme, Manchester, M152
£1,35005/240 miStretford Road, Manchester, Greater Manchester, M152
£1,15005/240.01 mi-2
£1,19503/250.01 mi-2
£1,20006/240.01 miBishops Corner, 321 Stretford Road, Hulme, Manchester2
£1,25006/240.01 miBishops Corner, 321 Stretford Road, Hulme, Manchester2
£1,25005/240.01 miBishops Corner, 321 Stretford Road, Hulme, Manchester2
£1,15005/240.01 miBishops Corner, 321 Stretford Road, Hulme, Manchester2
£1,30006/240.01 miBishops Corner, 321 Stretford Road, Hulme, Manchester2
£1,40005/240.01 miBishops Corner, Hulme, Manchester, M15 4UW2
£1,32505/240.01 miBishops Corner, Hulme, Manchester, M15 4UW2
£1,32505/240.01 miBishops Corner, Stretford Rd, Hulme, Manchester. M15 4UW2
£1,40005/240.01 miBishops Corner, 321 Stretford Road, Manchester, M15 4UW2
£1,32505/240.01 miBishops Corner, 321 Stretford Road, Hulme, Manchester, M15 4UW2
£1,32505/240.01 miBishops Corner. 321,Stretford Road, Hulme, Manchester, M15 4UW2
£1,20005/240.01 miBishops Corner, Manchester, M15 4UW2
£1,10005/240.04 mi-2
£1,10005/240.04 miOld Birley Street, Manchester, M152
£1,25005/240.04 mi-2
£1,25012/240.04 mi-2
£1,25005/240.04 miHulme, Manchester, M152
£1,25005/240.04 mi286 Stretford Road, Hulme, Manchester. M15 5TQ2
£1,10005/240.05 miStretford Road, Hulme2
£1,35006/240.05 mi-2
£1,35005/240.05 miStretford Road, Manchester, M152
£1,20005/240.05 miClayburn Street, Hulme, Manchester, M15 5EA2
£1,25005/240.06 mi-2
£1,25005/240.06 miTomlinson Street, Manchester, M152
£1,20005/240.06 miStretford Road, Hulme, Manchester, Greater Manchester, M15 5jh2
£1,12505/240.06 miRoyce Road, Hulme, Manchester, M15 5LA2
£1,20005/240.06 mi288 Stretford Road, Manchester, M152
£1,05001/180.06 miStretford Road, Manchester, Greater Manchester, M152
£1,40001/250.06 mi-2
£1,30005/240.07 miStretford Road, Hulme, Manchester2
£1,35005/240.07 miTomlinson Street, Hulme, Manchester, M15 5FW2
£1,27506/240.07 miMeridian Square, Stretford Road, M15 5JH2
£1,00005/240.08 miOld Birley Street, Hulme, Manchester, M152
£1,20005/240.08 miEllis Street, Hulme, Manchester. M15 5TA2
£1,22505/240.09 miStretford Road, Hulme, Manchester, M15 5JH2
£1,22505/240.09 miStretford Road, Hulme, Manchester. M15 5JH2
£1,30005/240.09 miStretford Road, Hulme, Manchester, M15 5JH2
£1,22505/240.09 miStretford Road, Hulme, Manchester. M15 5JH2
£1,15005/240.09 miStretford Road, Hulme, Manchester. M15 5JH2
£1,35005/240.09 miMeridian Square, Stretford Road, Hulme, Manchester. M155JH2
£1,35006/240.09 miMeridian Square, Stretford Road, Hulme, Manchester, M15 5JH.2
£95005/240.09 miRolls Crescent, Hulme, Manchester, M152
£1,10003/250.09 mi-2
£1,80005/240.1 miThe Blade, 15 Silvercroft Street, Manchester, M15 4YU2
£1,35005/240.1 miPortcullis House 2

Local Area Statistics

Population in M15

20,050

Population in Manchester

920,095

Town centre distance

0.81 miles away

Nearest school

0.20 miles away

Nearest train station

0.49 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+14%

Sales demand

Balanced market

Capital growth (5yrs)

+39%

Property History

Listed for £155,000

March 24, 2025

Floor Plans

Description

  • Mortgage Buyers Welcome +
  • Great Investment +
  • Close to University Campus +
  • Short 5 Min Commute to Manchester City Centre +
  • Open Plan Living Room +
  • Fitted Kitchen +
  • Two Double Bedrooms +
  • Main Bathroom +
  • Allocated Parking Space +
  • Private Balcony +

This modern development is positioned in the pleasant residential area of Hulme close to the 11 acre MMU campus expansion at Birley Fields, which has recently seen two academic faculties relocate - Education and Health, Psychology and Social Care. A short 5 minute commute into the city centre. This larger than average apartment briefly comprises: entrance hallway, spacious open plan living room with an integrated kitchen and dining area, two double bedrooms and bathroom suite. Secure Allocated Parking.

Developer has signed the pledge to remediate the works at the development. Mortgage buyers can proceed with a letter of comfort.

Subject to Contract. EPC Rating - D.

Agent Details

Thornley Groves, Manchester Southern Gateway

0161 524 4726

Next Steps?

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