According to the public record, 59, Gorton Lane, Manchester is a modern leasehold apartment with 565 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Gorton Lane, Manchester, M12 is located in the borough of Manchester within the M12 postal district.
59, Gorton Lane, Manchester has 31 entries in the Land Registry database, most recently in July 2022 and a single entry in the EPC database dated July 2009.
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 59 Gorton Lane Manchester as £91,720 and the rental value as £602 per month giving an expected gross yield of 7.9%.
Over the last 12 months the sale value of 59 Gorton Lane Manchester has increased by £1,047 (1.1%) and its rental value has increased by £15 per month (2.5%).
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 59, Gorton Lane, Manchester is in very good condition we estimate a sale value of £96,306 and rental value of £632 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £85,300 and a rental value of £560 per month.
If you were able to purchase this property for the estimated value of £91,720, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £451 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, 59, Gorton Lane, Manchester was last sold on 28 Jul 2022 for £75,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Jul 2022, the market for similar properties has risen 6.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 59, Gorton Lane, Manchester within a radius of 740 metres over the last 2 years.
The most recent example is 67, Gorton Lane, Manchester, M12 5WF, a Leasehold flat which sold for £85,000 in Dec 2023.
Read more about house prices in M12.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Gorton Lane, Manchester, M12 has a total of 94 addresses. According to our analysis of all the public data, 59, Gorton Lane, Manchester is the 68th largest and the 74th most expensive property on the street.
When compared to the postcode district it is £89k less expensive than the average property in M12.
59, Gorton Lane, Manchester has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 08 Jul 2009.
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 59, Gorton Lane, Manchester is Ashburys 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 59, Gorton Lane, Manchester, 47.0% of property is socially rented and 22.6% 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 59, Gorton Lane, Manchester, 25.8% of residents are recorded as possessing school level qualifications and 27.3% 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 59, Gorton Lane, Manchester, the average age was 33.3 and the most common age was 12.
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 59, Gorton 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 59, Gorton Lane, Manchester, there are an average of 0.7 cars per household.
See below for how this compares to North West and the rest of England & Wales.