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Studio for sale

£1,250,000

Brighton Grove, Manchester M14

Interested in this property? Call 0161 937 5863 * or

* Calls to this number will be recorded for quality, compliance and training purposes.

Property features

  • Tenure: Leasehold

Property description

Key features:
  • Block of Apartments For Sale
  • Ideal Investment Opportunity
  • 15 Apartments with Tenants
  • Parking to Rear of Development
  • Located Close to City Centre
  • Rental Income £80,196/Annum
  • 5.5% Rental Yield
  • Viewing is Highly Recommended


Main Description
Harvey Scott are pleased to bring to the market a block of fifteen apartments which are fully tenanted. The property is located close to the city centre and is currently 100% occupied. The development is set over three floors and there are five apartments located on the ground floor, five on the first floor and five apartments of the second floor. To the rear of the property there is currently an area which is used for car parking. The property currently achieves a rental income of £80,196/annum with the current approx. Rental yield of 5.5%/annum.

Ground Floor

flat one
One Bedroom
Regulated Tenant
Rent pcm £300.00
Sq ft: 430 approx.

Flat two
One Bedroom
Assured Shorthold Tenancy
Rent pcm £550 pcm
Sq ft: 450 approx.

Flat three
Studio
Assured Shorthold Tenancy
Rent pcm £450
Sq ft: 300 approx.

Kitchen

Bathroom

Studio

flat four
Studio
Assured Shorthold Tenancy
Rent pcm £400
Sq ft: 350 approx.

Flat five
Two Bedrooms
Assured Shorthold Tenancy
Rent pcm £400
Sq ft: 420 approx.

First Floor

flat six
Studio
Assured Shorthold Tenancy
Rent pcm £385
Sq ft: 320 approx.

Flat seven
Studio
Assured Shorthold Tenancy
Rent pcm £465
Sq ft: 260 approx.

Flat eight
Studio
Assured Shorthold Tenancy
Rent pcm £465
Sq ft: 200 approx.

Flat nine
One Bedroom
Assured Shorthold Tenancy
Rent pcm £510
Sq ft: 450 approx.

Flat ten
One Bedroom
Assured Shorthold Tenancy
Rent pcm £485
Sq ft: 450 approx.

Second Floor

flat eleven
Studio
Assured Shorthold Tenancy
Rent pcm £380
Sq ft: 270 approx.

Flat twelve
Studio
Assured Shorthold Tenancy
Rent pcm £450
Sq ft: 260 approx.

Flat thirteen
Studio
Assured Shorthold Tenancy
Rental pcm £395
Sq Ft: 200 approx.

Flat fourteen
One Bedroom
Assured Shorthold Tenancy
Rent pcm £520
Sq ft: 425 approx.

Flat fifteen
One Bedroom
Assured Shorthold Tenancy
Rent pcm £528
Sq ft: 450 approx.

External

Rear
Enclosed gated car parking area.


Property info

Market activity
Average price paid £141,445 Sales 369 Current average value £162,504 (Zoopla Zed-Index) Value change £8,964 ▲ 5.84%

What is the current average value of properties in M14?

The current average value in M14 in January 2017 is £162,504. This has increased 0.79% from October 2016. Terraced properties sold for a current average value of £146,228 and semi-detached properties valued £199,409. In the past year property prices in M14 have increased 5.84%. This is according to the current Zoopla estimates.

Property value data/graphs for M14

Property type Avg. current value Avg. £ per sq ft. Avg. # beds Avg. £ paid (last 12m)
Detached £322,455 £214 4.0 £236,550
Semi-detached £199,409 £177 3.5 £178,990
Terraced £146,228 £165 3.1 £135,117
Flats £142,266 £213 1.9 £115,673

Current asking prices in M14

Average: £186,948
Avg. current asking prices in M14
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £90,000
(1)
£126,835
(13)
£188,368
(20)
£243,083
(6)
£251,665
(3)
Flats £99,875
(8)
£121,869
(8)
- £200,000
(1)
-
All £98,778
(9)
£124,943
(21)
£188,368
(20)
£236,929
(7)
£251,665
(3)

Current asking rents in M14

Average: £1,667 pcm
Avg. current asking prices in M14
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £437 pcm
(25)
£677 pcm
(31)
£883 pcm
(151)
£1,301 pcm
(234)
£1,704 pcm
(173)
Flats £602 pcm
(43)
£771 pcm
(68)
£1,066 pcm
(42)
£1,279 pcm
(19)
£1,969 pcm
(25)
All £541 pcm
(68)
£741 pcm
(99)
£923 pcm
(193)
£1,299 pcm
(253)
£1,738 pcm
(198)

Fun facts for M14

Highest value in M14
Highest value streets Zed-Index
Birch Grove £346,361
Clifton Avenue £337,253
Norman Road £329,199
Amherst Road £326,658
Denison Road £311,130
Highest turnover in M14
Highest turnover streets Turnover
Ealing Avenue 40.7%
Brockley Avenue 40.0%
Crescent Range 40.0%
Dorset Avenue 39.4%
Plattbrook Close 37.5%

What Zoopla users think of Manchester

Overall rating:

  • currently 4 stars
Very good - 78% (457 ratings)

Ratings breakdown:

  • currently stars
Community & safety
  • currently stars
Entertainment & nightlife
  • currently stars
Parks & recreation
  • currently stars
Restaurants & shopping
  • currently stars
Schools & public services
  • currently stars
Transport & travel

Rate Manchester:

Tell us what you think of this area by rating these categories.
Please note your vote will only be counted once.

Community & safety
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Entertainment & nightlife
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Parks & recreation
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Restaurants & shopping
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Schools & public services
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Transport & travel
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5

Nearby transport

  • Levenshulme (1.1 miles)
  • Mauldeth Road (1.2 miles)
  • Ardwick (1.5 miles)
  • Manchester International Airport (7.1 miles)
  • Liverpool John Lennon Airport (27.3 miles)
  • Leeds Bradford International Airport (36.7 miles)
  • Liverpool Pier Head Ferry Terminal (32.2 miles)
  • Liverpool Isle of Man & Dublin Terminal (32.3 miles)
  • Liverpool Belfast Ferry Terminal Bootle (32.5 miles)

Nearby schools

View all schools in Manchester
  • St James' CofE Primary School, Birch-in-Rusholme (0.1 miles)
  • Heald Place Primary School (0.5 miles)
  • The Divine Mercy Roman Catholic Primary School (0.6 miles)
  • SNAP (School Non Attenders Project) (0.3 miles)
  • Xaverian College (0.4 miles)
  • Meridian Education (0.7 miles)
  • Manchester High School for Girls (0.3 miles)
  • The Manchester Grammar School (0.3 miles)
  • Crescent Community High School for Girls (0.5 miles)
Note: Distances are straight line measurements

Local info for Manchester

About the neighbours in M14

AskMe Q&A for Manchester

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For more information about this property, please contact
Harvey Scott, SK2 on 0161 937 5863 * (local rate)

Monthly running costs Beta

£4,355 Monthly total
Mortgage
Purchase price
Deposit (10%) 125,000
Repayment term 25
Interest rate 0.5
Your payment £3,990 /mo Find available rates In partnership with Natwest

These results are not provided by NatWest and are only indicative based on a repayment mortgage product. Repayments will be subject to the product provided and your circumstances.

Your home or property may be repossessed if you do not keep up repayments on your mortgage.

Home Insurance Rebuild value up to £350,000 Contents value up to £40,000 Average insurance cost £16/mo (£192/yr) In partnership with uSwitch
Home insurance costs explained

Home Insurance is based on the average price of a building and contents quote for a property in this area in the last 48 months.

Source: Autonet Insurance Ltd

Energy Gas £22 Electricity £23 Estimated energy cost £45/mo In partnership with uSwitch
Energy costs explained

The estimated energy cost for this property has been calculated using actual energy usage data for a property of this type, number of bedrooms and region.

Estimated consumption

Gas: 6000 kWh/year
Electricity: 1900 kWh/year

Source: National Energy Efficiency Data Framework

Council Tax

Local authority

Manchester

Estimated tax band H Council tax cost £276 /mo
when paid over 10 months
Council tax costs explained

The Council Tax cost displayed is based on the council tax band and on the basis of 2 adults living at the property. The monthly cost shown excludes any discounts and is rounded to the nearest pound.

Full information on Council Tax discount entitlements can be found on the Gov.UK’s website.

Water Supply £13 Sewerage £15 Estimated water cost £28 /mo
Water costs explained

Water consumption is based on average water usage for the predicted occupancy of the property based on the number of bedrooms.

Total annual consumption (in cubic meters) is then averaged into a monthly cost.

Note: If you have 2 separate suppliers for water and sewage, you may receive 2 separate bills.

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Harvey Scott, and do not constitute property particulars. Please contact Harvey Scott for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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