According to the public record, Flat 4, 5, Lorne Road, Manchester is a period apartment with 344 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom.
The apartment is in 5, Lorne Road, Manchester, M14.
Lorne Road, Manchester, M14 is located in the borough of Manchester within the M14 postal district.
Flat 4, 5, Lorne Road, Manchester has no records in the Land Registry database and a single entry in the EPC database dated July 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 4 5 Lorne Road Manchester as £171,752 and the rental value as £904 per month giving an expected gross yield of 6.3%.
Over the last 12 months the sale value of Flat 4 5 Lorne Road Manchester has increased by £5,314 (3.1%) and its rental value has increased by £30 per month (3.3%).
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 4, 5, Lorne Road, Manchester is in very good condition we estimate a sale value of £180,340 and rental value of £949 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £159,730 and a rental value of £840 per month.
If you were able to purchase this property for the estimated value of £171,752, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £844 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 property sales within a 390 metres radius of Flat 4, 5, Lorne Road, Manchester over the last 2 years.
The most recent example is Flat 3, Agnes Court, Wilmslow Road, Manchester, M14 6AJ, a Leasehold flat which sold for £124,250 in Aug 2023.
Read more about house prices in M14.
Lorne Road, Manchester, M14 has a total of 30 addresses. According to our analysis of all the public data, Flat 4, 5, Lorne Road, Manchester is the 28th largest and the 28th most expensive property on the street.
When compared to the postcode district it is £61k less expensive than the average property in M14.
Flat 4, 5, Lorne Road, Manchester has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 12 Jul 2021.
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 4, 5, Lorne Road, Manchester is Mauldeth Road station which is 1.0 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around Flat 4, 5, Lorne Road, Manchester, 86.7% of property is privately rented and 8.3% is socially 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 Flat 4, 5, Lorne Road, Manchester, 45.3% of residents are recorded as possessing school level qualifications and 43.9% 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 4, 5, Lorne Road, Manchester, the average age was 25.9 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 4, 5, Lorne Road, Manchester, 1.2% 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 4, 5, Lorne Road, Manchester, there are an average of 0.5 cars per household.
See below for how this compares to North West and the rest of England & Wales.