According to the public record, Apartment 12, Cranbourne Terrace 5, Manchester is a period leasehold apartment with 731 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Cranbourne Terrace, Cranbourne Road, Manchester, M21.
Cranbourne Road, Manchester, M21 is located in the borough of Manchester within the M21 postal district.
Apartment 12, Cranbourne Terrace 5, Manchester has 21 entries in the Land Registry database, most recently in November 2021 and a single entry in the EPC database dated March 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 Apartment 12 Cranbourne Terrace 5 Manchester as £337,504 and the rental value as £1,673 per month giving an expected gross yield of 5.9%.
Over the last 12 months the sale value of Apartment 12 Cranbourne Terrace 5 Manchester has increased by £25,230 (7.5%) and its rental value has increased by £116 per month (6.9%).
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 Apartment 12, Cranbourne Terrace 5, Manchester is in very good condition we estimate a sale value of £354,379 and rental value of £1,756 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £313,878 and a rental value of £1,556 per month.
If you were able to purchase this property for the estimated value of £337,504, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,659 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, Apartment 12, Cranbourne Terrace 5, Manchester was last sold on 16 Nov 2021 for £270,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Nov 2021, the market for similar properties has risen 15.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Apartment 12, Cranbourne Terrace 5, Manchester within a radius of 380 metres over the last 2 years.
The most recent example is Apartment 5, Cranbourne Terrace 3, Cranbourne Road, Manchester, M21 8GE, a Leasehold flat which sold for £260,000 in Nov 2022.
Read more about house prices in M21.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Cranbourne Road, Manchester, M21 has a total of 24 addresses. According to our analysis of all the public data, Apartment 12, Cranbourne Terrace 5, Manchester is the 9th largest and the 5th most expensive property on the street.
When compared to the postcode district it is £80k less expensive than the average property in M21.
Apartment 12, Cranbourne Terrace 5, Manchester has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 18 Mar 2021.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Room heaters, electric.
The closest station to Apartment 12, Cranbourne Terrace 5, Manchester is Manchester United Football Ground station which is 2.6 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 Apartment 12, Cranbourne Terrace 5, Manchester, 60.0% of property is privately rented and 22.4% 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 Apartment 12, Cranbourne Terrace 5, Manchester, 13.1% of residents are recorded as possessing school level qualifications and 72.7% 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 Apartment 12, Cranbourne Terrace 5, Manchester, the average age was 38.2 and the most common age was 27.
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 Apartment 12, Cranbourne Terrace 5, Manchester, 2.1% 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 Apartment 12, Cranbourne Terrace 5, 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.