According to the public record, Flat 45, Springbank, Altrincham is a modern leasehold apartment with 850 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Springbank, Ashley Road, Altrincham, WA14.
Ashley Road, Altrincham, WA14 is located in the borough of Trafford within the WA14 postal district.
Flat 45, Springbank, Altrincham has a single entry in the Land Registry database from April 2007 and a single entry in the EPC database dated May 2023.
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 45 Springbank Altrincham as £208,832 and the rental value as £1,093 per month giving an expected gross yield of 6.3%.
Over the last 12 months the sale value of Flat 45 Springbank Altrincham has increased by £8,858 (4.2%) and its rental value has increased by £35 per month (3.2%).
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 45, Springbank, Altrincham is in very good condition we estimate a sale value of £219,274 and rental value of £1,147 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £194,214 and a rental value of £1,016 per month.
If you were able to purchase this property for the estimated value of £208,832, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,026 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 45, Springbank, Altrincham was last sold on 27 Apr 2007 for £165,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Apr 2007, the market for similar properties has risen 54.8%
According to the Land Registry and our network of Estate Agents, there have been 2 sales of properties similar to Flat 45, Springbank, Altrincham within a radius of 530 metres over the last 2 years.
The most recent example is Flat 2, Springbank, Ashley Road, Altrincham, WA14 2LR, a Leasehold flat which sold for £200,000 in Mar 2021.
Read more about house prices in WA14.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Ashley Road, Altrincham, WA14 has a total of 164 addresses. According to our analysis of all the public data, Flat 45, Springbank, Altrincham is the 63rd largest and the 117th most expensive property on the street.
When compared to the postcode district it is £360k less expensive than the average property in WA14.
Flat 45, Springbank, Altrincham has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 22 May 2023.
The property is not connected to mains gas and has fully double glazed windows. It is heated using electric storage heaters.
The closest station to Flat 45, Springbank, Altrincham is Hale (Manchester) station which is 400 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 45, Springbank, Altrincham, 56.8% of property is privately owned outright and 31.4% 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 45, Springbank, Altrincham, 20.8% of residents are recorded as possessing school level qualifications and 56.8% 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 45, Springbank, Altrincham, the average age was 44.4 and the most common age was 52.
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 45, Springbank, Altrincham, 3.3% 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 45, Springbank, Altrincham, there are an average of 1.3 cars per household.
See below for how this compares to North West and the rest of England & Wales.