The Old Bank, 71 Boundary Lane, Manchester, M15
LA

The Old Bank, 71 Boundary Lane, Manchester, M15

By Lawrence Copeland (Town & City Centre)

£ 185,000

Reviews

3 out of 5 stars

Lawrence Copeland (Town & City Centre) says ..

Ideal for owner occupier, investor or parents wishing to purchase a property for their child at university with a rental potential of £1,200 to £1,250 pcm. Superbly presented, bright & airy, extensive 3rd floor apartment of approx 721 sq ft located within quarter of a mile of Manchester University.

Property Oracle says ..

The property is a 2-bedroom apartment located in Hulme, Manchester. The apartment appears to be in good condition, and the images show a modern, well-maintained interior. The kitchen and bathroom are clean and functional. The flooring is modern and the walls are freshly painted. There is no evidence of significant wear and tear or the need for renovation. The property’s location is convenient, with several train stations within a reasonable distance, including Manchester Oxford Road, Deansgate, and Manchester Piccadilly. Several highly-rated schools are also nearby, such as Martenscroft Nursery School & Children’s Centre (Outstanding Ofsted rating) and Trinity Cofe High School (Outstanding Ofsted rating). This makes the property attractive to families and students alike. The property does not appear to have any outdoor space, as the plot size is listed as 0.00 sqft. This is a common feature of apartments in urban areas. Considering the average price per sqft in the area is £324, and the property is 292.99 sqft, a rough estimate of the expected price would be around £94,800. However, the list price is £185,000. While this is significantly higher than the estimated value based on average price per sqft, it’s important to consider that this is an average, and individual properties can vary widely in price depending on factors such as condition, location, and amenities. The property’s proximity to transport links and good schools could justify a higher price compared to the average. Further, the lack of plot size is a significant factor in the lower average price per sqft for the area. The nearby comparable properties also support a higher price point, although the data provided does not allow for a complete comparison.

Therefore, we give this property 6 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Price
6
Condition
9
Location
8
Land
1
Bedrooms
2
Bathrooms
1
Sqft (est)
292.99

The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.

Metrics Year-on-Year

Average area value
268,192.00 £
Increased by 9.79 %
from 244,276.00 £
Est sale value
164,367.39 £
Increased by 99.64 %
from 82,330.19 £
Average area rental value
1,437.00 £/mo
Decreased by 10.24 %
from 1,601.00 £/mo
Est letting value
878.97 £/mo
Increased by 200.00 %
from 292.99 £/mo
Est rental Yield
6.43 %
Decreased by 18.19 %
from 7.86 %
Crime Rate
2.00 %
Unchanged by 0.00 %
from 2.00 %

Agent Activity

  • Lawrence Copeland (Town & City Centre) created the listing.

Nearby Schools

NameTypeOfstedDistance
Martenscroft Nursery School And Sure Start Children'S CentreChildren's Centre0.28 KM
Martenscroft Nursery School & Children'S CentreLocal Authority Nursery SchoolOutstanding0.28 KM
The Manchester Metropolitan UniversityHigher Education InstitutionsOutstanding0.33 KM
St Philip'S Church Of England Primary SchoolVoluntary Aided SchoolGood0.38 KM
Trinity Cofe High SchoolAcademy ConverterOutstanding0.45 KM

Images

Nearby Streets

NameAverage PriceAverage SqftDistance
Upper Medlock Street £ 165,00000.00 KM
Medlock Street Junction £ 195,00000.00 KM
Frank Street £ 000.00 KM
Anvil Street £ 239,99500.00 KM
Wakefield Street £ 000.00 KM

Nearby Transport

NameNLCTLCDistance
Manchester Oxford Road2966MCO0.59 KM
Deansgate2963DGT1.20 KM
Manchester Piccadilly2968MAN1.53 KM
Manchester Victoria2970MCV2.09 KM
Salford Central2798SFD2.16 KM

Nearby Listings

AddressPriceTypeScoreDistance
The Old Bank, 71 Boundary Lane, Manchester, M15 £ 185,000BUY6 / 100.00 KM
The Old Bank, 71 Boundary Lane, Manchester, M15 £ 185,000BUY6 / 100.00 KM
The Old Bank, Hulme, Manchester, M15 £ 175,000BUY6 / 100.01 KM
The Old Bank, 71 Boundary Lane, Manchester, M15 £ 175,000BUY5 / 100.01 KM
The Old Bank, 71 Boundary Lane, M15 £ 175,000BUY5 / 100.01 KM

Nearby Properties

AddressPriceDistance
18 Dalesman Walk £ 80,0000.02 KM
28 Dalesman Walk £ 148,0000.02 KM
12 Dalesman Walk £ 165,0000.02 KM
61 Newcastle Street £ 87,5000.17 KM
12 Newcastle Street £ 220,0000.17 KM