According to the public record, Flat 7, Cedar Court 31, Manchester is a modern leasehold apartment with 721 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Cedar Court, Wilbraham Road, Manchester, M14.
Wilbraham Road, Manchester, M14 is located in the borough of Manchester within the M14 postal district.
Flat 7, Cedar Court 31, Manchester has 4 entries in the Land Registry database, most recently in March 2022 and a single entry in the EPC database dated January 2022.
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 7 Cedar Court 31 Manchester as £172,437 and the rental value as £994 per month giving an expected gross yield of 6.9%.
Over the last 12 months the sale value of Flat 7 Cedar Court 31 Manchester has increased by £7,151 (4.1%) and its rental value has increased by £40 per month (4.0%).
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 7, Cedar Court 31, Manchester is in very good condition we estimate a sale value of £181,059 and rental value of £1,044 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £160,367 and a rental value of £924 per month.
If you were able to purchase this property for the estimated value of £172,437, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £847 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 7, Cedar Court 31, Manchester was last sold on 25 Mar 2022 for £160,000 and was recorded as a leasehold flat.
The property has had 4 sales since 1995.
Since Mar 2022, the market for similar properties has risen 11.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 7, Cedar Court 31, Manchester within a radius of 450 metres over the last 2 years.
The most recent example is Flat 11, Cedar Court 31, Wilbraham Road, Manchester, M14 6FB, a Leasehold flat which sold for £165,000 in Nov 2022.
Read more about house prices in M14.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Wilbraham Road, Manchester, M14 has a total of 566 addresses. According to our analysis of all the public data, Flat 7, Cedar Court 31, Manchester is the 227th largest and the 259th most expensive property on the street.
When compared to the postcode district it is £61k less expensive than the average property in M14.
Flat 7, Cedar Court 31, Manchester has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 11 Jan 2022.
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 7, Cedar Court 31, Manchester is Mauldeth Road station which is 1.4 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 7, Cedar Court 31, Manchester, 52.1% of property is privately rented and 26.0% is privately owned outright.
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 7, Cedar Court 31, Manchester, 34.9% of residents are recorded as possessing school level qualifications and 47.3% 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 7, Cedar Court 31, 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 7, Cedar Court 31, Manchester, 0.2% 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 7, Cedar Court 31, 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.