According to the public record, 2 The Towers, Macclesfield is a modern leasehold apartment and with 688 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in The Towers, Pavilion Way, Macclesfield, SK10.
Pavilion Way, Macclesfield, SK10 is located within the SK10 postal district.
2 The Towers, Macclesfield has 81 entries in the Land Registry database, most recently in May 2022 and 2 entries in the EPC database, most recently in June 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 2 The Towers Macclesfield as £173,065 and the rental value as £1,044 per month giving an expected gross yield of 7.2%.
Over the last 12 months the sale value of 2 The Towers Macclesfield has increased by £5,820 (3.4%) and its rental value has increased by £54 per month (5.2%).
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 2 The Towers, Macclesfield is in very good condition we estimate a sale value of £181,718 and rental value of £1,096 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £160,950 and a rental value of £971 per month.
If you were able to purchase this property for the estimated value of £173,065, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £851 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, 2 The Towers, Macclesfield was last sold on 27 May 2022 for £180,000 and was recorded as a leasehold flat.
The property has had 8 sales since 1995.
Since May 2022, the market for similar properties has risen 6.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2 The Towers, Macclesfield within a radius of 0m over the last 2 years.
The most recent example is 7 The Towers, Pavilion Way, Macclesfield, SK10 3LT, a Leasehold flat which sold for £170,000 in Mar 2024.
Read more about house prices in SK10.
Pavilion Way, Macclesfield, SK10 has a total of 129 addresses. According to our analysis of all the public data, 2 The Towers, Macclesfield is the 81st largest and the 105th most expensive property on the street.
When compared to the postcode district it is £255k less expensive than the average property in SK10.
2 The Towers, Macclesfield has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 01 Jun 2021.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to 2 The Towers, Macclesfield is Macclesfield station which is 2.2 km 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 2 The Towers, Macclesfield, 60.8% of property is privately owned with a mortgage and 24.8% 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 2 The Towers, Macclesfield, 22.5% of residents are recorded as possessing school level qualifications and 38.8% 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 2 The Towers, Macclesfield, the average age was 42.1 and the most common age was 52.
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 2 The Towers, Macclesfield, 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 2 The Towers, Macclesfield, there are an average of 1.5 cars per household.
See below for how this compares to North West and the rest of England & Wales.