According to the public record, River Flat, Mayfair Mansions, Manchester is a period leasehold apartment with 957 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.
River Flat, Mayfair Mansions, Manchester has 21 entries in the Land Registry database, most recently in October 2023 and a single entry in the EPC database dated July 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 River Flat Mayfair Mansions Manchester as £355,767 and the rental value as £1,572 per month giving an expected gross yield of 5.3%.
Over the last 12 months the sale value of River Flat Mayfair Mansions Manchester has increased by £29,287 (8.2%) and its rental value has increased by £119 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 River Flat, Mayfair Mansions, Manchester is in very good condition we estimate a sale value of £373,555 and rental value of £1,650 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £330,863 and a rental value of £1,462 per month.
If you were able to purchase this property for the estimated value of £355,767, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,748 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, River Flat, Mayfair Mansions, Manchester was last sold on 11 Oct 2023 for £210,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Oct 2023, the market for similar properties has risen 8.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to River Flat, Mayfair Mansions, Manchester within a radius of 490 metres over the last 2 years.
The most recent example is Apartment 5, 3, Larke Rise, Manchester, M20 2UL, a Leasehold flat which sold for £356,000 in Dec 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, River Flat, Mayfair Mansions, Manchester is the 16th largest and the 26th most expensive property on the street.
When compared to the postcode district it is £30k less expensive than the average property in M20.
River Flat, Mayfair Mansions, Manchester has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 26 Jul 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 River 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 River 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 River 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 River 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 River 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 River 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.