According to the public record, 116, Edge Lane, Manchester is a period Leasehold apartment with 667 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a garden.
Edge Lane, Droylsden, Manchester, M43 is located in the borough of Tameside within the M43 postal district.
116, Edge Lane, Manchester has 21 entries in the Land Registry database, most recently in May 2009 and a single entry in the EPC database dated September 2021.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 116 Edge Lane Manchester as £173,371 and the rental value as £991 per month giving an expected gross yield of 6.9%.
Over the last 12 months the sale value of 116 Edge Lane Manchester has increased by £3,899 (2.2%) and its rental value has increased by £48 per month (4.8%).
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 116, Edge Lane, Manchester is in very good condition we estimate a sale value of £182,040 and rental value of £1,041 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £161,235 and a rental value of £922 per month.
If you were able to purchase this property for the estimated value of £173,371, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £852 per month.
This figure is only an estimate but we've partnered with Mortgage Advice Bureau who can provide a figure tailored for you! Get started using their mortgage finder below.
According to HM Land Registry, 116, Edge Lane, Manchester was last sold on 05 May 2009 for £90,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since May 2009, the market for similar properties has risen 88.1%
According to the Land Registry and our network of Estate Agents, there have been 3 property sales within a 510 metres radius of 116, Edge Lane, Manchester over the last 2 years.
The most recent example is 120, Edge Lane, Manchester, M43 6BA, a Freehold house which sold for £110,200 in Sep 2020.
Read more about house prices in M43.
Edge Lane, Droylsden, Manchester, M43 has a total of 323 addresses. According to our analysis of all the public data, 116, Edge Lane, Manchester is the 279th largest and the 147th most expensive property on the street.
When compared to the postcode district it is £36k less expensive than the average property in M43.
116, Edge Lane, Manchester has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 09 Sep 2021.
The property is not connected to mains gas and has high performance glazing. It is heated using Room heaters, electric.
The closest station to 116, Edge Lane, Manchester is Gorton station which is 900 metres away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 116, Edge Lane, Manchester, 42.2% of property is privately owned with a mortgage and 28.9% is privately owned outright.
The graph below shows how this compares to Greater London and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 116, Edge Lane, Manchester, 27.0% of residents are recorded as possessing school level qualifications and 31.3% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales
The most recent census in 2021 recorded the age of all UK residents.
In the area around 116, Edge Lane, Manchester, the average age was 40.2 and the most common age was 57.
The graph below shows how this compares to North West and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 116, Edge Lane, Manchester, 1.2% of property was a second home.
Comparison figures for North West and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 116, Edge Lane, Manchester, there are an average of 1.2 cars per household.
See below for how this compares to North West and the rest of England & Wales.