According to the public record, 3, Millbank Street, Manchester is a modern freehold house with 1,539 ft2 of internal area and sits on a 412 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Millbank Street, Manchester, M1 is located in the borough of Manchester within the M1 postal district.
3, Millbank Street, Manchester has a single entry in the Land Registry database from December 2021 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 good condition, we estimate the current sale value for 3 Millbank Street Manchester as £429,182 and the rental value as £2,565 per month giving an expected gross yield of 7.2%.
Over the last 12 months the sale value of 3 Millbank Street Manchester has increased by £17,076 (4.0%) and its rental value has increased by £15 per month (0.6%).
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 3, Millbank Street, Manchester is in very good condition we estimate a sale value of £450,641 and rental value of £2,693 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £399,139 and a rental value of £2,385 per month.
If you were able to purchase this property for the estimated value of £429,182, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,109 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, 3, Millbank Street, Manchester sits on a plot of 412m2.
We have plot size data on 12 out of 12 other houses in the postcode and 3, Millbank Street, Manchester sits on the 3rd largest plot.
According to HM Land Registry, 3, Millbank Street, Manchester was last sold on 20 Dec 2021 for £437,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Dec 2021, the market for similar properties has risen 13.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 3, Millbank Street, Manchester within a radius of 230 metres over the last 2 years.
The most recent example is 7, Millbank Street, Manchester, M1 2FR, a Leasehold house which sold for £472,150 in Dec 2021.
Read more about house prices in M1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Millbank Street, Manchester, M1 has a total of 12 addresses. According to our analysis of all the public data, 3, Millbank Street, Manchester is the 2nd largest and the 2nd most expensive property on the street.
When compared to the postcode district it is £172k more expensive than the average property in M1.
3, Millbank Street, Manchester has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 24 Sep 2021.
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 3, Millbank Street, Manchester is Manchester Piccadilly station which is 500 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 3, Millbank Street, Manchester, 74.3% of property is privately rented and 12.9% is socially rented.
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 3, Millbank Street, Manchester, 31.0% of residents are recorded as possessing school level qualifications and 58.0% 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 3, Millbank Street, Manchester, the average age was 30.3 and the most common age was 22.
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 3, Millbank Street, 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 3, Millbank Street, Manchester, there are an average of 0.9 cars per household.
See below for how this compares to North West and the rest of England & Wales.