According to the public record, Fern Lea, Manchester is a freehold house.
By comparing it to neighbours, we estimate that it is a mid-century house with 695 ft2 of internal area and a garden.
Houses of this size in this area normally have 3 bedrooms.
Wythenshawe Road, Manchester, M23 is located in the borough of Manchester within the M23 postal district.
Fern Lea, Manchester has a single entry in the Land Registry database from June 2024 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 Fern Lea Manchester as £262,062 and the rental value as £1,213 per month giving an expected gross yield of 5.6%.
Over the last 12 months the sale value of Fern Lea Manchester has increased by £12,427 (4.7%) and its rental value has increased by £35 per month (2.9%).
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 Fern Lea, Manchester is in very good condition we estimate a sale value of £275,166 and rental value of £1,274 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £243,718 and a rental value of £1,128 per month.
If you were able to purchase this property for the estimated value of £262,062, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,288 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, Fern Lea, Manchester was last sold on 28 Jun 2024 for £171,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Jun 2024, the market for similar properties has risen 1.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Fern Lea, Manchester within a radius of 510 metres over the last 2 years.
The most recent example is 58, Wendover Road, Manchester, M23 9FN, a Freehold house which sold for £233,100 in Jan 2024.
Read more about house prices in M23.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Wythenshawe Road, Manchester, M23 has a total of 270 addresses. According to our analysis of all the public data, Fern Lea, Manchester is the 199th largest and the 153rd most expensive property on the street.
When compared to the postcode district it is £26k more expensive than the average property in M23.
The closest station to Fern Lea, Manchester is Navigation Road station which is 3.0 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 Fern Lea, Manchester, 64.1% of property is socially rented and 13.1% is privately rented.
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 Fern Lea, Manchester, 17.2% of residents are recorded as possessing school level qualifications and 15.4% 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 Fern Lea, Manchester, the average age was 40.3 and the most common age was 32.
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 Fern Lea, Manchester, 1.3% 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 Fern Lea, Manchester, there are an average of 0.6 cars per household.
See below for how this compares to North West and the rest of England & Wales.