According to the public record, Library Flat, Mayfair Mansions, Manchester is a period leasehold apartment with 1,668 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
The apartment is in Mayfair Mansions, Mersey Road, Manchester, M20.
Mersey Road, Manchester, M20 is located in the borough of Manchester within the M20 postal district.
Library Flat, Mayfair Mansions, Manchester has a single entry in the Land Registry database from February 2024 and a single entry in the EPC database dated April 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 Library Flat Mayfair Mansions Manchester as £480,771 and the rental value as £2,103 per month giving an expected gross yield of 5.2%.
Over the last 12 months the sale value of Library Flat Mayfair Mansions Manchester has increased by £39,577 (8.2%) and its rental value has increased by £159 per month (7.6%).
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 Library Flat, Mayfair Mansions, Manchester is in very good condition we estimate a sale value of £504,809 and rental value of £2,208 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £447,117 and a rental value of £1,956 per month.
If you were able to purchase this property for the estimated value of £480,771, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,363 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, Library Flat, Mayfair Mansions, Manchester was last sold on 02 Feb 2024 for £530,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Feb 2024, the market for similar properties has risen 7.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Library Flat, Mayfair Mansions, Manchester within a radius of 490 metres over the last 2 years.
The most recent example is Apartment 14, 5, Larke Rise, Manchester, M20 2UL, a Leasehold flat which sold for £399,950 in Oct 2023.
Read more about house prices in M20.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Mersey Road, Manchester, M20 has a total of 183 addresses. According to our analysis of all the public data, Library Flat, Mayfair Mansions, Manchester is the 4th largest and the 4th most expensive property on the street.
When compared to the postcode district it is £95k more expensive than the average property in M20.
Library Flat, Mayfair Mansions, Manchester has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 28 Apr 2023.
The property is connected to mains gas and has single glazed windows. It is heated using a boiler and radiators.
The closest station to Library Flat, Mayfair Mansions, Manchester is East Didsbury station which is 2.0 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 Library Flat, Mayfair Mansions, Manchester, 48.6% of property is privately rented and 25.2% 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 Library Flat, Mayfair Mansions, Manchester, 14.7% 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 Library Flat, Mayfair Mansions, Manchester, the average age was 37.5 and the most common age was 27.
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 Library Flat, Mayfair Mansions, Manchester, 2.0% 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 Library Flat, Mayfair Mansions, Manchester, there are an average of 1.1 cars per household.
See below for how this compares to North West and the rest of England & Wales.