Portland Street, Manchester, Greater Manchester, M1
FO

Portland Street, Manchester, Greater Manchester, M1

By Fortem Property

£ 180,000

Reviews

3 out of 5 stars

Fortem Property says ..

This investment apartment on Portland Street, Manchester offers a strong 9% expected yield. With proximity to key transport links, it attracts steady demand from tenants. Manchester's thriving economy and vibrant culture make this a prime opportunity for consistent returns and long-term growth.

Property Oracle says ..

The property is a one-bedroom apartment located in the Piccadilly area of Manchester city centre. This location is a major advantage, offering excellent access to transport links such as Manchester Piccadilly train station and numerous amenities. However, the lack of information regarding the specific size of the property makes a complete assessment difficult. Based on the images provided, the apartment appears to be newly built or recently renovated and is presented to a high standard. The fixtures and fittings look modern and well-maintained, suggesting the property is in excellent condition. There is no evidence to suggest any need for repair or renovation. The absence of plot size data prevents a definitive assessment of the land aspect. The images show the property is situated within a modern apartment building, therefore a private garden is unlikely. The list price of £180,000 is significantly lower than the average price of £323,073 for the area. While the average price per square foot is £458, the lack of square footage data for this property prevents a direct comparison. However, considering the prime location, modern condition, and the relatively lower price compared to similar one-bedroom apartments in the area, the asking price could be considered reasonable, particularly for a buyer prioritizing location and condition. Further investigation into the specific size of the property would be needed to verify this.

Therefore, we give this property 7 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Price
8
Condition
10
Location
10
Land
1
Bedrooms
1
Bathrooms
0

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
344,188.00 £
Increased by 14.03 %
from 301,843.00 £
Average area rental value
1,585.00 £/mo
Increased by 8.19 %
from 1,465.00 £/mo
Est rental Yield
5.53 %
Decreased by 4.98 %
from 5.82 %
Crime Rate
24.00 %
Unchanged by 0.00 %
from 24.00 %

Agent Activity

  • Fortem Property created the listing.

Nearby Schools

NameTypeOfstedDistance
The Cooperative CollegeMiscellaneous0.82 KM
Abbey College ManchesterOther Independent School0.86 KM
The Manchester Metropolitan UniversityHigher Education InstitutionsOutstanding1.04 KM
Chetham'S School Of MusicOther Independent School1.04 KM
King Of KingsOther Independent SchoolGood1.11 KM

Images

Nearby Streets

NameAverage PriceAverage SqftDistance
Major Street £ 000.00 KM
Sackville Street £ 000.00 KM
Cavell Street £ 000.00 KM
Nicholas Street £ 000.00 KM
Birchin Place £ 165,00000.00 KM

Nearby Transport

NameNLCTLCDistance
Manchester Piccadilly2968MAN0.67 KM
Manchester Oxford Road2966MCO0.86 KM
Manchester Victoria2970MCV1.11 KM
Deansgate2963DGT1.71 KM
Salford Central2798SFD2.06 KM

Nearby Listings

AddressPriceTypeScoreDistance
Portland Street, Manchester, Greater Manchester, M1 £ 167,500BUY7 / 100.00 KM
Portland Street, Manchester, Greater Manchester, M1 £ 180,000BUY7 / 100.00 KM
Piccadilly Village, M1 £ 295,000BUYUnknown0.16 KM
The Grand, Aytoun Street, Manchester, M1 3DA £ 180,000BUY6 / 100.16 KM
1 Bedroom Apartment, Manchester, M1 £ 190,000BUYUnknown0.17 KM

Nearby Properties

AddressPriceDistance
47 Richmond Street £ 165,0000.34 KM
45 Richmond Street £ 129,5000.34 KM
43 Richmond Street £ 290,0000.34 KM
49 Richmond Street £ 189,9500.34 KM
14 Turner Street £ 365,0000.45 KM