According to the public record, Flat 2, Palatine Mansions 124-126, Manchester is a period leasehold apartment with 505 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 2, Palatine Mansions 124-126, Manchester has 31 entries in the Land Registry database, most recently in January 2023 and a single entry in the EPC database dated February 2019.
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 2 Palatine Mansions 124-126 Manchester as £226,485 and the rental value as £1,215 per month giving an expected gross yield of 6.4%.
Over the last 12 months the sale value of Flat 2 Palatine Mansions 124-126 Manchester has increased by £13,833 (6.1%) and its rental value has increased by £67 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 2, Palatine Mansions 124-126, Manchester is in very good condition we estimate a sale value of £237,810 and rental value of £1,276 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £210,631 and a rental value of £1,130 per month.
If you were able to purchase this property for the estimated value of £226,485, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,113 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 2, Palatine Mansions 124-126, Manchester was last sold on 27 Jan 2023 for £217,500 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Jan 2023, the market for similar properties has risen 6.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 2, Palatine Mansions 124-126, Manchester within a radius of 380 metres over the last 2 years.
The most recent example is Flat 5, 120, Palatine Road, Manchester, M20 3ZA, a Leasehold flat which sold for £300,000 in Apr 2024.
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 2, Palatine Mansions 124-126, Manchester is the 673rd largest and the 640th most expensive property on the street.
When compared to the postcode district it is £159k less expensive than the average property in M20.
Flat 2, Palatine Mansions 124-126, Manchester has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 05 Feb 2019.
The property is connected to mains gas and has some double glazing. It is heated using a boiler and radiators.
The closest station to Flat 2, 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 2, 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 2, 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 2, 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 2, 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 2, 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.