2 Bed House, Single Let, Manchester, M15 4UW, £169,950

Stretford Road, Manchester, M15 4UW - 8 days ago

Leasehold

BTL

ROI: 6%

~68 m²

+2 photos

ValuationUndervalued

Sold Prices	£122K - £287K
Sold Prices/m²	£1.2K/m² - £3.7K/m²

Square Metres	~68.11 m²
Price/m²	£2.5K/m²
Value Estimate	£192,981£192,981
BMV	14%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£42,488£42,488
Stamp Duty & Legal Fees	£9,698£9,698
Total Cash In	£52,185£52,185

Cash Out
Rent Range	£950 - £1,800£950 - £1,800
Rent Estimate	£1,000
Running Costs/mo	£751£751
Cashflow/mo	£249£249
Cashflow/yr	£2,987£2,987
ROI	6%6%
Gross Yield	7%7%

Local Sold Prices

46 sold prices from £122K to £287K, average is £195K. £1.2K/m² to £3.7K/m², average is £2.8K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£205K	05/23	0.06 mi	8, Tomlinson Street, Hulme, Manchester, Greater Manchester M15 5FW	£3,727	55	2	Terraced House
£172K	07/21	0.07 mi	5, Dunham Street, Manchester, Greater Manchester M15 5FX	£2,630	65	2	Semi-Detached House
£195K	11/20	0.17 mi	62, Old York Street, Hulme, Manchester, Greater Manchester M15 5TH	£2,468	79	2	Semi-Detached House
£205K	04/23	0.18 mi	35, Warde Street, Hulme, Manchester, Greater Manchester M15 5TG	£3,727	55	2	Terraced House
£220K	11/22	0.2 mi	17, Mallow Street, Manchester, Greater Manchester M15 5GE	£3,056	72	2	Detached House
£240K	08/22	0.21 mi	74, Ribston Street, Manchester, Greater Manchester M15 5RJ	£3,684	65	2	Terraced House
£170K	11/21	0.31 mi	23, Newcastle Street, Manchester, Greater Manchester M15 6AH	£2,833	60	2	Semi-Detached House
£185K	07/21	0.32 mi	43, Yew Street, Hulme, Manchester, Greater Manchester M15 5YW	-	-	2	Semi-Detached House
£195K	08/23	0.37 mi	17, Blanchard Street, Manchester, Greater Manchester M15 5PX	£3,457	56	2	Semi-Detached House
£195K	11/21	0.4 mi	12, Marple Street, Manchester, Greater Manchester M15 4AH	£3,385	58	2	Terraced House
£195K	11/21	0.4 mi	12, Marple Street, Manchester, Greater Manchester M15 4AH	£3,385	58	2	Terraced House
£182K	12/20	0.42 mi	17, St Marys Street, Hulme, Manchester, Greater Manchester M15 5WB	£3,250	56	2	Terraced House
£185K	12/23	0.42 mi	19, St Mary's Street, Hulme, Manchester, Greater Manchester M15 5WB	£3,304	56	2	Terraced House
£195K	03/23	0.5 mi	14, Catfield Walk, Manchester, Greater Manchester M15 4HH	-	-	2	Terraced House
£165K	04/21	0.54 mi	56, Moss Lane West, Manchester, Greater Manchester M15 5PD	£2,089	79	2	Terraced House
£155K	10/20	0.61 mi	11, Sharcott Close, Manchester, Greater Manchester M16 7DU	£1,938	80	2	Terraced House
£134K	12/20	0.61 mi	50, Bold Street, Moss Side, Manchester, Greater Manchester M16 7AB	-	-	2	Terraced House
£162K	02/23	0.61 mi	58, Bold Street, Moss Side, Manchester, Greater Manchester M16 7AB	-	-	2	Terraced House
£221.1K	10/21	0.73 mi	2, Sudbury Close, Manchester, Greater Manchester M16 9DG	£3,625	61	2	Detached House
£210K	02/23	0.73 mi	79, Stanley Road, Old Trafford, Manchester, Greater Manchester M16 9BQ	£3,333	63	2	Terraced House
£179K	03/21	0.77 mi	10, Prestage Street, Old Trafford, Manchester, Greater Manchester M16 9LH	-	-	2	Terraced House
£225K	05/24	0.77 mi	2, Farwood Close, Manchester, Greater Manchester M16 9DQ	£3,571	63	2	Semi-Detached House
£258K	09/22	0.78 mi	23, Beever Street, Manchester, Greater Manchester M16 9JR	-	-	2	Terraced House
£235.7K	11/22	0.78 mi	24, Prestage Street, Old Trafford, Manchester, Greater Manchester M16 9JU	£2,807	84	2	Terraced House
£185K	02/21	0.78 mi	26, Prestage Street, Old Trafford, Manchester, Greater Manchester M16 9JU	£2,098	88	2	Terraced House
£200K	09/22	0.8 mi	5, Kenside Street, Manchester, Greater Manchester M16 7NP	-	-	2	Terraced House
£242K	01/23	0.83 mi	22, Northumberland Road, Manchester, Greater Manchester M16 9DP	£3,559	68	2	Semi-Detached House
£213K	08/23	0.84 mi	57, Pemberton Street, Manchester, Greater Manchester M16 9JY	£1,994	107	2	Terraced House
£225K	12/23	0.84 mi	47, Pemberton Street, Manchester, Greater Manchester M16 9JY	£2,961	76	2	Terraced House
£218.5K	04/23	0.84 mi	79, Worthington Street, Old Trafford, Manchester, Greater Manchester M16 9LB	£2,875	76	2	Terraced House
£180K	04/21	0.84 mi	21, Worthington Street, Old Trafford, Manchester, Greater Manchester M16 9LB	-	-	2	Terraced House
£186.3K	03/21	0.84 mi	5, Worthington Street, Old Trafford, Manchester, Greater Manchester M16 9LB	£2,451	76	2	Terraced House
£199K	08/21	0.85 mi	65, Langshaw Street, Manchester, Greater Manchester M16 9LE	£2,551	78	2	Terraced House
£260K	11/20	0.85 mi	7, Khartoum Street, Manchester, Greater Manchester M16 9WE	£2,826	92	2	Terraced House
£122K	09/22	0.87 mi	81, Pink Bank Lane, Manchester, Greater Manchester M12 5GR	-	-	2	Terraced House
£230K	10/23	0.89 mi	A 13.07, Block A Wilburn Basin, Ordsall Lane, Salford, Greater Manchester M5 4XQ	-	-	2	Terraced House
£208K	08/23	0.91 mi	78, Langshaw Street, Manchester, Greater Manchester M16 9LD	£2,311	90	2	Terraced House
£155K	04/21	0.91 mi	78, Langshaw Street, Manchester, Greater Manchester M16 9LD	£1,722	90	2	Terraced House
£287K	10/20	0.92 mi	3, Arley Moss Walk, Manchester, Greater Manchester M13 9UW	-	-	2	Semi-Detached House
£212.5K	11/21	0.92 mi	5, Wodens Avenue, Salford, Greater Manchester M5 4TF	£2,796	76	2	Terraced House
£135.5K	05/21	0.93 mi	56, Caythorpe Street, Manchester, Greater Manchester M14 4UF	-	-	2	Terraced House
£143K	03/21	0.93 mi	40, Caythorpe Street, Manchester, Greater Manchester M14 4UF	£1,212	118	2	Terraced House
£160K	10/21	0.93 mi	52, Crondall Street, Manchester, Greater Manchester M14 4UA	£2,540	63	2	Terraced House
£255K	08/22	0.94 mi	28, Wadeson Road, Manchester, Greater Manchester M13 9UG	£3,072	83	2	Terraced House
£181.5K	03/23	0.98 mi	92, Broadfield Road, Manchester, Greater Manchester M14 4WH	£2,241	81	2	Terraced House
£180K	01/23	0.98 mi	2, Billy Meredith Close, Manchester, Greater Manchester M14 4JY	-	-	2	Terraced House

Local Rents

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

Rent	Date	Distance	Address	Beds	Type
£1,050	06/24	0 mi	Bishops Corner, 321 Stretford Road, Hulme, Manchester, M15	2	Flat
£1,200	05/24	0 mi	Bishops Corner, 321 Stretford Road, Manchester, M15	2	Flat
£1,350	05/24	0 mi	Stretford Road, Manchester, Greater Manchester, M15	2	Flat
£1,150	05/24	0.01 mi	-	2	Flat
£1,195	03/25	0.01 mi	-	2	Flat
£1,200	06/24	0.01 mi	Bishops Corner, 321 Stretford Road, Hulme, Manchester	2	Flat
£1,250	06/24	0.01 mi	Bishops Corner, 321 Stretford Road, Hulme, Manchester	2	Flat
£1,250	05/24	0.01 mi	Bishops Corner, 321 Stretford Road, Hulme, Manchester	2	Flat
£1,150	05/24	0.01 mi	Bishops Corner, 321 Stretford Road, Hulme, Manchester	2	Flat
£1,300	06/24	0.01 mi	Bishops Corner, 321 Stretford Road, Hulme, Manchester	2	Flat
£1,400	05/24	0.01 mi	Bishops Corner, Hulme, Manchester, M15 4UW	2	Flat
£1,325	05/24	0.01 mi	Bishops Corner, Hulme, Manchester, M15 4UW	2	Flat
£1,325	05/24	0.01 mi	Bishops Corner, Stretford Rd, Hulme, Manchester. M15 4UW	2	Flat
£1,400	05/24	0.01 mi	Bishops Corner, 321 Stretford Road, Manchester, M15 4UW	2	Flat
£1,325	05/24	0.01 mi	Bishops Corner, 321 Stretford Road, Hulme, Manchester, M15 4UW	2	Flat
£1,325	05/24	0.01 mi	Bishops Corner. 321,Stretford Road, Hulme, Manchester, M15 4UW	2	Flat
£1,200	05/24	0.01 mi	Bishops Corner, Manchester, M15 4UW	2	Flat
£1,100	05/24	0.04 mi	-	2	Flat
£1,100	05/24	0.04 mi	Old Birley Street, Manchester, M15	2	Flat
£1,250	05/24	0.04 mi	-	2	Flat
£1,250	12/24	0.04 mi	-	2	Flat
£1,250	05/24	0.04 mi	Hulme, Manchester, M15	2	Flat
£1,250	05/24	0.04 mi	286 Stretford Road, Hulme, Manchester. M15 5TQ	2	Flat
£1,100	05/24	0.05 mi	Stretford Road, Hulme	2	Flat
£1,350	06/24	0.05 mi	-	2	Flat
£1,350	05/24	0.05 mi	Stretford Road, Manchester, M15	2	Flat
£1,200	05/24	0.05 mi	Clayburn Street, Hulme, Manchester, M15 5EA	2	Flat
£1,200	05/24	0.06 mi	Stretford Road, Hulme, Manchester, Greater Manchester, M15 5jh	2	Flat
£1,250	05/24	0.06 mi	-	2	Terraced House
£1,250	05/24	0.06 mi	Tomlinson Street, Manchester, M15	2	Terraced House
£1,125	05/24	0.06 mi	Royce Road, Hulme, Manchester, M15 5LA	2	Flat
£1,200	05/24	0.06 mi	288 Stretford Road, Manchester, M15	2	Flat
£1,050	01/18	0.06 mi	Stretford Road, Manchester, Greater Manchester, M15	2	Flat
£1,400	01/25	0.06 mi	-	2	Terraced House
£1,300	05/24	0.07 mi	Stretford Road, Hulme, Manchester	2	Flat
£1,350	05/24	0.07 mi	Tomlinson Street, Hulme, Manchester, M15 5FW	2	Flat
£1,275	06/24	0.07 mi	Meridian Square, Stretford Road, M15 5JH	2	Flat
£1,000	05/24	0.08 mi	Old Birley Street, Hulme, Manchester, M15	2	Flat
£1,200	05/24	0.08 mi	Ellis Street, Hulme, Manchester. M15 5TA	2	Detached House
£1,225	05/24	0.09 mi	Stretford Road, Hulme, Manchester, M15 5JH	2	Flat
£1,225	05/24	0.09 mi	Stretford Road, Hulme, Manchester. M15 5JH	2	Flat
£1,300	05/24	0.09 mi	Stretford Road, Hulme, Manchester, M15 5JH	2	Flat
£1,225	05/24	0.09 mi	Stretford Road, Hulme, Manchester. M15 5JH	2	Flat
£1,150	05/24	0.09 mi	Stretford Road, Hulme, Manchester. M15 5JH	2	Flat
£1,350	05/24	0.09 mi	Meridian Square, Stretford Road, Hulme, Manchester. M155JH	2	Flat
£1,350	06/24	0.09 mi	Meridian Square, Stretford Road, Hulme, Manchester, M15 5JH.	2	Flat
£950	05/24	0.09 mi	Rolls Crescent, Hulme, Manchester, M15	2	Flat
£1,100	03/25	0.1 mi	-	2	Flat
£1,800	05/24	0.1 mi	The Blade, 15 Silvercroft Street, Manchester, M15 4YU	2	Flat
£1,350	05/24	0.1 mi	Portcullis House	2	Flat

Local Area Statistics

Population in M15	20,05020,050
Population in Manchester	920,095920,095
Town centre distance	0.81 miles away0.81 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.49 miles away0.49 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+14%+14%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+39%+39%

Property History

Listed for £169,950

March 26, 2025

Floor Plans

Description

We are pleased to offer for sale this fantastic 2 bedroom, 4th floor apartment in the landmark Bishops Corner development in Hulme.

The apartment, which is the larger corner unit, comprises; entrance hall, lounge with balcony, kitchen, two double bedrooms and bathroom.

Additional benefits include double glazing, lift access, and a secure parking space with electronic gates.

Property currently let at £1250 per month until June 2025

Entrance Hall

Electric panel heater. Adequate Power Points. Smoke alarm. Ceiling light point. Fuse Box.

Lounge 25’3’’ x 22’9’’ (7.73m x 6.98m)

UPVC patio doors leading onto a large corner balcony to the front elevation. Adequate power points. 2x Electric panel heaters. T.V and phone points. Ceiling light points. Smoke Alarm.

Kitchen 15’0’’ x 9’8’’ (4.60m x 3.01m)

Fully fitted kitchen with a range of base and wall units finished in maple with dark grey worktop. Stainless steel sink with chrome mixer tap. White ceramic splashback tiles. Adequate power points. Electric hob. Oven. Washing machine point. Integrated extractor fan. Ceiling Light Point.

Bathroom 10’8’’ x 8’2’’ (3.32m x 2.52m)

White 3 piece suite comprising; W.C, hand wash basin and L shaped bath. Shower screen. White melamine bathroom units with grey worktop. White splashback tiles. Chrome heated towel rail. Redling electric shower unit. Extractor duct. Ceiling Light Points. Storage cupboard comprising immersion heater.

Bedroom 1 14’3’ x 12’8’’ (4.37m x 3.92m)

UPVC window to front elevation. Electric panel heater. Adequate power points. TV and Phone point. Ceiling light point.

Bedroom 2 10’5’’ x 10’4’’ (3.22m x 3.20m)

UPVC windows to front elevation. Electric panel heater. Adequate power points. Ceiling light point. BT Point.

The apartment benefits from a parking space in secure gated car park.

The apartment is currently let until 06/2022 producing £900 per month.

Lease length: 150 Years from 2006
Service Charge: £180 per month
Ground Rent: £180.76 per Annum

Agent Details

George Adams (Estate Agents) Ltd, Manchester

0161 524 7544

Next Steps?

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

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