According to the public record, Flat 8, Park Lane Court 31, Manchester is a modern leasehold apartment with 538 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Park Lane Court, Parsonage Road, Manchester, M20.
Parsonage Road, Manchester, M20 is located in the borough of Manchester within the M20 postal district.
Flat 8, Park Lane Court 31, Manchester has 3 entries in the Land Registry database, most recently in April 2024 and a single entry in the EPC database dated September 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 8 Park Lane Court 31 Manchester as £213,807 and the rental value as £1,208 per month giving an expected gross yield of 6.8%.
Over the last 12 months the sale value of Flat 8 Park Lane Court 31 Manchester has increased by £11,556 (5.4%) and its rental value has increased by £70 per month (5.8%).
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 8, Park Lane Court 31, Manchester is in very good condition we estimate a sale value of £224,498 and rental value of £1,268 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £198,841 and a rental value of £1,123 per month.
If you were able to purchase this property for the estimated value of £213,807, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,051 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 8, Park Lane Court 31, Manchester was last sold on 19 Apr 2024 for £170,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Apr 2024, the market for similar properties has risen 3.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 8, Park Lane Court 31, Manchester within a radius of 380 metres over the last 2 years.
The most recent example is Apartment 11, Arosa Court 419, Wilmslow Road, Manchester, M20 4LZ, a Leasehold flat which sold for £184,000 in May 2024.
Read more about house prices in M20.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Parsonage Road, Manchester, M20 has a total of 268 addresses. According to our analysis of all the public data, Flat 8, Park Lane Court 31, Manchester is the 222nd largest and the 228th most expensive property on the street.
When compared to the postcode district it is £172k less expensive than the average property in M20.
Flat 8, Park Lane Court 31, Manchester has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 15 Sep 2023.
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 8, Park Lane Court 31, Manchester is Mauldeth Road station which is 1.0 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 8, Park Lane Court 31, Manchester, 66.4% of property is privately rented and 12.1% 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 8, Park Lane Court 31, Manchester, 64.9% of residents are recorded as possessing school level qualifications and 31.7% 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 8, Park Lane Court 31, Manchester, the average age was 35 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 8, Park Lane Court 31, Manchester, 0.0% 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 8, Park Lane Court 31, Manchester, there are an average of 0.9 cars per household.
See below for how this compares to North West and the rest of England & Wales.