According to the public record, 12, Magna Drive, Manchester is a modern leasehold house with 968 ft2 of internal area and sits on a 4,096 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Magna Drive, Manchester, M8 is located in the borough of Manchester within the M8 postal district.
12, Magna Drive, Manchester has a single entry in the Land Registry database from December 2016 and a single entry in the EPC database dated July 2016.
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 12 Magna Drive Manchester as £277,661 and the rental value as £1,147 per month giving an expected gross yield of 5%.
Over the last 12 months the sale value of 12 Magna Drive Manchester has increased by £12,623 (4.5%) and its rental value has increased by £29 per month (2.5%).
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 12, Magna Drive, Manchester is in very good condition we estimate a sale value of £291,544 and rental value of £1,204 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £258,225 and a rental value of £1,066 per month.
If you were able to purchase this property for the estimated value of £277,661, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,365 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 data from HM Land Registry, 12, Magna Drive, Manchester sits on a plot of 4096m2.
We have plot size data on 19 out of 19 other houses in the postcode and 12, Magna Drive, Manchester sits on the largest plot.
According to HM Land Registry, 12, Magna Drive, Manchester was last sold on 02 Dec 2016 for £169,950 and was recorded as a leasehold house.
The property has only had this single sale since 1995.
Since Dec 2016, the market for similar properties has risen 66.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 12, Magna Drive, Manchester within a radius of 560 metres over the last 2 years.
The most recent example is 4, Magna Drive, Manchester, M8 5EQ, a Leasehold house which sold for £300,000 in Feb 2024.
Read more about house prices in M8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Magna Drive, Manchester, M8 has a total of 19 addresses. According to our analysis of all the public data, 12, Magna Drive, Manchester is the 12th largest and the 12th most expensive property on the street.
When compared to the postcode district it is £49k more expensive than the average property in M8.
12, Magna Drive, Manchester has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 13 Jul 2016.
The property is not connected to mains gas and has high performance glazing. It is heated using a boiler and radiators.
The closest station to 12, Magna Drive, Manchester is Manchester Victoria station which is 3.2 kilometres 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 12, Magna Drive, Manchester, 51.2% of property is socially rented and 21.6% is privately owned with a mortgage.
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 12, Magna Drive, Manchester, 33.3% of residents are recorded as possessing school level qualifications and 27.8% 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 12, Magna Drive, Manchester, the average age was 31.5 and the most common age was 12.
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 12, Magna Drive, Manchester, 0.0% 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 12, Magna Drive, Manchester, there are an average of 1.1 cars per household.
See below for how this compares to North West and the rest of England & Wales.