According to the public record, Apartment 40, 31, Lakeside Rise, Manchester is a mid-century leasehold apartment with 667 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in 31, Lakeside Rise, Manchester, M9.
Lakeside Rise, Manchester, M9 is located in the borough of Manchester within the M9 postal district.
Apartment 40, 31, Lakeside Rise, Manchester has 2 entries in the Land Registry database, most recently in November 2021 and a single entry in the EPC database dated October 2015.
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 40 31 Lakeside Rise Manchester as £120,729 and the rental value as £735 per month giving an expected gross yield of 7.3%.
Over the last 12 months the sale value of Apartment 40 31 Lakeside Rise Manchester has increased by £3,234 (2.7%) and its rental value has increased by £12 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 Apartment 40, 31, Lakeside Rise, Manchester is in very good condition we estimate a sale value of £126,765 and rental value of £772 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £112,278 and a rental value of £683 per month.
If you were able to purchase this property for the estimated value of £120,729, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £593 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 40, 31, Lakeside Rise, Manchester was last sold on 05 Nov 2021 for £90,000 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 11.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Apartment 40, 31, Lakeside Rise, Manchester within a radius of 650 metres over the last 2 years.
The most recent example is Apartment 21, 31, Lakeside Rise, Manchester, M9 8QF, a Leasehold flat which sold for £110,000 in Jul 2023.
Read more about house prices in M9.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Lakeside Rise, Manchester, M9 has a total of 251 addresses. According to our analysis of all the public data, Apartment 40, 31, Lakeside Rise, Manchester is the 94th largest and the 82nd most expensive property on the street.
When compared to the postcode district it is £66k less expensive than the average property in M9.
Apartment 40, 31, Lakeside Rise, Manchester has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 24 Oct 2015.
The property is not connected to mains gas and has fully double glazed windows. It is heated using electric storage heaters.
The closest station to Apartment 40, 31, Lakeside Rise, Manchester is Moston station which is 4.4 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 40, 31, Lakeside Rise, Manchester, 80.9% of property is privately rented and 11.1% 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 40, 31, Lakeside Rise, Manchester, 13.4% of residents are recorded as possessing school level qualifications and 49.4% 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 40, 31, Lakeside Rise, Manchester, the average age was 35.1 and the most common age was 7.
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 40, 31, Lakeside Rise, Manchester, 1.0% 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 Apartment 40, 31, Lakeside Rise, Manchester, there are an average of 0.8 cars per household.
See below for how this compares to North West and the rest of England & Wales.