According to the public record, Flat 11, The Forge 501, Manchester is a modern apartment with 516 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in The Forge, Wilmslow Road, Manchester, M20.
Wilmslow Road, Manchester, M20 is located in the borough of Manchester within the M20 postal district.
Flat 11, The Forge 501, Manchester has no records in the Land Registry database and a single entry in the EPC database dated November 2021.
We combine this information with public data 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 11 The Forge 501 Manchester as £198,665 and the rental value as £1,170 per month giving an expected gross yield of 7.1%.
Over the last 12 months the sale value of Flat 11 The Forge 501 Manchester has increased by £13,005 (6.5%) and its rental value has increased by £74 per month (6.3%).
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 11, The Forge 501, Manchester is in very good condition we estimate a sale value of £208,598 and rental value of £1,228 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £184,759 and a rental value of £1,088 per month.
If you were able to purchase this property for the estimated value of £198,665, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £976 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 the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 11, The Forge 501, Manchester within a radius of 430 metres over the last 2 years.
The most recent example is Flat 9, Alpine Court 8-10, Palatine Road, Manchester, M20 3JA, a Leasehold flat which sold for £175,000 in Jan 2023.
Read more about house prices in M20.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Wilmslow Road, Manchester, M20 has a total of 1247 addresses. According to our analysis of all the public data, Flat 11, The Forge 501, Manchester is the 1006th largest and the 911th most expensive property on the street.
When compared to the postcode district it is £187k less expensive than the average property in M20.
Flat 11, The Forge 501, Manchester has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 09 Nov 2021.
The property is connected to mains gas and has single glazed windows. It is heated using a boiler and radiators.
The closest station to Flat 11, The Forge 501, Manchester is Mauldeth Road station which is 1.3 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 11, The Forge 501, Manchester, 55.0% of property is privately rented and 22.0% 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 11, The Forge 501, Manchester, 38.2% of residents are recorded as possessing school level qualifications and 54.7% 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 Flat 11, The Forge 501, Manchester, the average age was 35 and the most common age was 22.
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 11, The Forge 501, 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 11, The Forge 501, Manchester, there are an average of 1.0 cars per household.
See below for how this compares to North West and the rest of England & Wales.