According to the public record, 518, Edge Lane, Manchester is a freehold house.
By comparing it to neighbours, we estimate that it is a period house with 564 ft2 of internal area and a garden.
Houses of this size in this area normally have 2 bedrooms.
Edge Lane, Droylsden, Manchester, M43 is located in the borough of Tameside within the M43 postal district.
518, Edge Lane, Manchester has 21 entries in the Land Registry database, most recently in June 2022 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 518 Edge Lane Manchester as £134,421 and the rental value as £849 per month giving an expected gross yield of 7.6%.
Over the last 12 months the sale value of 518 Edge Lane Manchester has increased by £4,407 (3.3%) and its rental value has increased by £45 per month (5.3%).
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 518, Edge Lane, Manchester is in very good condition we estimate a sale value of £141,142 and rental value of £891 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £125,012 and a rental value of £789 per month.
If you were able to purchase this property for the estimated value of £134,421, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £661 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, 518, Edge Lane, Manchester was last sold on 22 Jun 2022 for £58,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Jun 2022, the market for similar properties has risen 5.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 518, Edge Lane, Manchester within a radius of 410 metres over the last 2 years.
The most recent example is 42, Holly Street, Manchester, M43 6NL, a Freehold house which sold for £151,750 in Apr 2021.
Read more about house prices in M43.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Edge Lane, Droylsden, Manchester, M43 has a total of 323 addresses. According to our analysis of all the public data, 518, Edge Lane, Manchester is the 300th largest and the 286th most expensive property on the street.
When compared to the postcode district it is £75k less expensive than the average property in M43.
The closest station to 518, Edge Lane, Manchester is Gorton station which is 1.8 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 518, Edge Lane, Manchester, 32.7% of property is privately owned outright and 32.7% 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 518, Edge Lane, Manchester, 20.7% of residents are recorded as possessing school level qualifications and 23.9% 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 518, Edge Lane, Manchester, the average age was 40.2 and the most common age was 57.
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 518, Edge Lane, 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 518, Edge Lane, Manchester, there are an average of 1.0 cars per household.
See below for how this compares to North West and the rest of England & Wales.