According to the public record, Flat 3, 5, Wharf Close, Manchester is a modern leasehold apartment with 602 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a balcony.
The apartment is in 5, Wharf Close, Manchester, M1.
Wharf Close, Manchester, M1 is located in the borough of Manchester within the M1 postal district.
Flat 3, 5, Wharf Close, Manchester has 31 entries in the Land Registry database, most recently in March 2011 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 3 5 Wharf Close Manchester as £212,187 and the rental value as £1,326 per month giving an expected gross yield of 7.5%.
Over the last 12 months the sale value of Flat 3 5 Wharf Close Manchester has increased by £12,018 (5.7%) and its rental value has increased by £29 per month (2.2%).
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 3, 5, Wharf Close, Manchester is in very good condition we estimate a sale value of £222,797 and rental value of £1,393 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £197,334 and a rental value of £1,233 per month.
If you were able to purchase this property for the estimated value of £212,187, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,043 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 3, 5, Wharf Close, Manchester was last sold on 01 Mar 2011 for £133,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Mar 2011, the market for similar properties has risen 58.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 3, 5, Wharf Close, Manchester within a radius of 260 metres over the last 2 years.
The most recent example is Flat 3, 10, Wharf Close, Manchester, M1 2WE, a Leasehold flat which sold for £220,000 in Apr 2023.
Read more about house prices in M1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Wharf Close, Manchester, M1 has a total of 98 addresses. According to our analysis of all the public data, Flat 3, 5, Wharf Close, Manchester is the 53rd largest and the 78th most expensive property on the street.
When compared to the postcode district it is £45k less expensive than the average property in M1.
Flat 3, 5, Wharf Close, Manchester has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 07 Feb 2019.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to Flat 3, 5, Wharf Close, Manchester is Manchester Piccadilly station which is 300 metres 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 3, 5, Wharf Close, Manchester, 68.8% of property is privately rented and 23.2% 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 3, 5, Wharf Close, Manchester, 9.7% of residents are recorded as possessing school level qualifications and 77.3% 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 3, 5, Wharf Close, Manchester, the average age was 30.3 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 3, 5, Wharf Close, Manchester, 1.1% 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 3, 5, Wharf Close, 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.