According to the public record, Apartment 8, Wessex Lodge 15, Manchester is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a period apartment with 601 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Wessex Lodge, The Beeches, Manchester, M20.
The Beeches, Manchester, M20 is located in the borough of Manchester within the M20 postal district.
Apartment 8, Wessex Lodge 15, Manchester has 71 entries in the Land Registry database, most recently in April 2023 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 Apartment 8 Wessex Lodge 15 Manchester as £256,848 and the rental value as £1,308 per month giving an expected gross yield of 6.1%.
Over the last 12 months the sale value of Apartment 8 Wessex Lodge 15 Manchester has increased by £17,134 (6.7%) and its rental value has increased by £79 per month (6.0%).
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 8, Wessex Lodge 15, Manchester is in very good condition we estimate a sale value of £269,690 and rental value of £1,373 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £238,869 and a rental value of £1,216 per month.
If you were able to purchase this property for the estimated value of £256,848, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,262 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 8, Wessex Lodge 15, Manchester was last sold on 21 Apr 2023 for £240,000 and was recorded as a leasehold flat.
The property has had 7 sales since 1995.
Since Apr 2023, the market for similar properties has risen 7.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Apartment 8, Wessex Lodge 15, Manchester within a radius of 480 metres over the last 2 years.
The most recent example is Apartment 10, Wessex Lodge 15, The Beeches, Manchester, M20 2FR, a Leasehold flat which sold for £232,100 in Jul 2023.
Read more about house prices in M20.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
The Beeches, Manchester, M20 has a total of 191 addresses. According to our analysis of all the public data, Apartment 8, Wessex Lodge 15, Manchester is the 72nd largest and the 64th most expensive property on the street.
When compared to the postcode district it is £129k less expensive than the average property in M20.
The closest station to Apartment 8, Wessex Lodge 15, Manchester is Burnage station which is 2.2 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 8, Wessex Lodge 15, Manchester, 61.9% of property is privately rented and 31.3% 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 8, Wessex Lodge 15, Manchester, 6.0% of residents are recorded as possessing school level qualifications and 79.7% 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 8, Wessex Lodge 15, Manchester, the average age was 37.5 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 8, Wessex Lodge 15, 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 Apartment 8, Wessex Lodge 15, 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.