According to the public record, Flat 10, Palatine Mansions 124-126, Manchester is a period leasehold apartment with 645 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a balcony.
The apartment is in Palatine Mansions, Palatine Road, Manchester, M20.
Palatine Road, Manchester, M20 is located in the borough of Manchester within the M20 postal district.
Flat 10, Palatine Mansions 124-126, Manchester has 51 entries in the Land Registry database, most recently in March 2021 and a single entry in the EPC database dated December 2020.
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 Flat 10 Palatine Mansions 124-126 Manchester as £258,053 and the rental value as £1,325 per month giving an expected gross yield of 6.2%.
Over the last 12 months the sale value of Flat 10 Palatine Mansions 124-126 Manchester has increased by £15,761 (6.1%) and its rental value has increased by £73 per month (5.5%).
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 Flat 10, Palatine Mansions 124-126, Manchester is in very good condition we estimate a sale value of £270,956 and rental value of £1,391 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £239,990 and a rental value of £1,232 per month.
If you were able to purchase this property for the estimated value of £258,053, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,268 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, Flat 10, Palatine Mansions 124-126, Manchester was last sold on 11 Mar 2021 for £230,000 and was recorded as a leasehold flat.
The property has had 5 sales since 1995.
Since Mar 2021, the market for similar properties has risen 12.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 10, Palatine Mansions 124-126, Manchester within a radius of 380 metres over the last 2 years.
The most recent example is Flat 3, Palatine Mansions 124-126, Palatine Road, Manchester, M20 3ZA, a Leasehold flat which sold for £297,000 in Jun 2023.
Read more about house prices in M20.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Palatine Road, Manchester, M20 has a total of 863 addresses. According to our analysis of all the public data, Flat 10, Palatine Mansions 124-126, Manchester is the 440th largest and the 393rd most expensive property on the street.
When compared to the postcode district it is £128k less expensive than the average property in M20.
Flat 10, Palatine Mansions 124-126, Manchester has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 09 Dec 2020.
The property is connected to mains gas and has mostly double glazing. It is heated using a boiler and radiators.
The closest station to Flat 10, Palatine Mansions 124-126, Manchester is Burnage station which is 1.6 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 Flat 10, Palatine Mansions 124-126, Manchester, 52.5% of property is privately rented and 35.5% 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 Flat 10, Palatine Mansions 124-126, Manchester, 13.3% of residents are recorded as possessing school level qualifications and 79.9% 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 Flat 10, Palatine Mansions 124-126, Manchester, the average age was 34.1 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 Flat 10, Palatine Mansions 124-126, Manchester, 0.6% 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 Flat 10, Palatine Mansions 124-126, Manchester, there are an average of 1.1 cars per household.
See below for how this compares to North West and the rest of England & Wales.