According to the public record, 18, Spath House 4, Manchester is a modern leasehold apartment with 807 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a balcony.
The apartment is in Spath House, Spath Road, Manchester, M20.
Spath Road, Manchester, M20 is located in the borough of Manchester within the M20 postal district.
18, Spath House 4, Manchester has 51 entries in the Land Registry database, most recently in December 2022 and a single entry in the EPC database dated July 2020.
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 18 Spath House 4 Manchester as £337,092 and the rental value as £1,464 per month giving an expected gross yield of 5.2%.
Over the last 12 months the sale value of 18 Spath House 4 Manchester has increased by £21,155 (6.3%) and its rental value has increased by £82 per month (5.6%).
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 18, Spath House 4, Manchester is in very good condition we estimate a sale value of £353,947 and rental value of £1,537 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £313,496 and a rental value of £1,361 per month.
If you were able to purchase this property for the estimated value of £337,092, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,657 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, 18, Spath House 4, Manchester was last sold on 09 Dec 2022 for £340,000 and was recorded as a leasehold flat.
The property has had 5 sales since 1995.
Since Dec 2022, the market for similar properties has risen 7.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 18, Spath House 4, Manchester within a radius of 440 metres over the last 2 years.
The most recent example is 8, Spath House 4, Spath Road, Manchester, M20 2FA, a Leasehold flat which sold for £310,000 in Oct 2023.
Read more about house prices in M20.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Spath Road, Manchester, M20 has a total of 110 addresses. According to our analysis of all the public data, 18, Spath House 4, Manchester is the 76th largest and the 65th most expensive property on the street.
When compared to the postcode district it is £49k less expensive than the average property in M20.
18, Spath House 4, Manchester has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 31 Jul 2020.
The property is not connected to mains gas and has fully double glazed windows. It is heated using an electric boiler and radiators.
The closest station to 18, Spath House 4, Manchester is East Didsbury station which is 2.0 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 18, Spath House 4, Manchester, 48.6% of property is privately rented and 25.2% 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 18, Spath House 4, Manchester, 14.7% of residents are recorded as possessing school level qualifications and 77.3% 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 18, Spath House 4, Manchester, the average age was 37.5 and the most common age was 27.
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 18, Spath House 4, Manchester, 2.0% 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 18, Spath House 4, 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.