According to the public record, 318, Nuovo Apartments 59, Manchester is a modern leasehold apartment with 710 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Nuovo Apartments, Great Ancoats Street, Manchester, M4.
Great Ancoats Street, Manchester, M4 is located in the borough of Manchester within the M4 postal district.
318, Nuovo Apartments 59, Manchester has 2 entries in the Land Registry database, most recently in October 2022 and a single entry in the EPC database dated September 2014.
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 318 Nuovo Apartments 59 Manchester as £238,874 and the rental value as £1,192 per month giving an expected gross yield of 6%.
Over the last 12 months the sale value of 318 Nuovo Apartments 59 Manchester has increased by £11,649 (4.9%) and its rental value has increased by £19 per month (1.6%).
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 318, Nuovo Apartments 59, Manchester is in very good condition we estimate a sale value of £250,818 and rental value of £1,252 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £222,153 and a rental value of £1,109 per month.
If you were able to purchase this property for the estimated value of £238,874, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,174 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, 318, Nuovo Apartments 59, Manchester was last sold on 31 Oct 2022 for £257,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Oct 2022, the market for similar properties has risen 6.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 318, Nuovo Apartments 59, Manchester within a radius of 140 metres over the last 2 years.
The most recent example is 413, Nuovo Apartments 59, Great Ancoats Street, Manchester, M4 5AH, a Leasehold flat which sold for £275,000 in Dec 2023.
Read more about house prices in M4.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Great Ancoats Street, Manchester, M4 has a total of 830 addresses. According to our analysis of all the public data, 318, Nuovo Apartments 59, Manchester is the 220th largest and the 394th most expensive property on the street.
When compared to the postcode district it is £5k less expensive than the average property in M4.
318, Nuovo Apartments 59, Manchester has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 22 Sep 2014.
The property is not connected to mains gas and has high performance glazing. It is heated using Room heaters, electric.
The closest station to 318, Nuovo Apartments 59, Manchester is Manchester Piccadilly station which is 800 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 318, Nuovo Apartments 59, Manchester, 64.3% of property is privately rented and 23.2% 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 318, Nuovo Apartments 59, Manchester, 13.8% of residents are recorded as possessing school level qualifications and 65.8% 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 318, Nuovo Apartments 59, 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 318, Nuovo Apartments 59, Manchester, 4.2% 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 318, Nuovo Apartments 59, Manchester, there are an average of 0.3 cars per household.
See below for how this compares to North West and the rest of England & Wales.