MURRAYS MILLS, 50 BENGAL STREET
Recent sale
£575k
Sale price
£/sqft
-
Rent pcm
-
Yield
-
54 Murrays Mills, 50 Bengal Street, Manchester, M4 6LR
UPRN:10093688770Converted Flat1 bedsBuilt before 1900
LeaseholdCouncil Tax: Band BEPC: C (69)
Data freshness:Listing· freshListing: fresh, refreshed 6d ago (2026-10-19T04:00:02.130848+00:00)Planning· 5mo agoPlanning: stale, refreshed 5mo ago (2026-06-03T06:37:15.373916+00:00)EPC· 4mo agoEPC: stale, refreshed 4mo ago (2026-07-01T02:04:50.057738+00:00)Risk· 2y agoRisk: stale, refreshed 2y ago (2024-12-31T00:00:00+00:00)Amenities· 1mo agoAmenities: ageing, refreshed 1mo ago (2026-09-23T00:00:00+00:00)Area· Census 2021Area: static reference data (Census 2021); authoritative and does not refresh
Valuation estimateUpdated 2 days ago
£227,000
Estimated value
Range: £204k - £250k|Last sold: £220k (2022-06-08)
Estimate of £227k for this converted flat. 289 sales in M4 in the last 12 months; median £228k.
Estimate confidence
Medium confidence
Value History
Current estimate
£227k
£204k - £250k - Medium confidence
Annualised (CAGR)
+0.55%
Over the full window
Peak estimate
£243k
Nov 2024
From peak
-6.58%
Drawdown from peak
AVM estimate (model)Repeat-sales index - M4 district (quarterly)index YoY -18.04%
Growth by window
3m
-1.73%
6m
-0.44%
12m
-5.02%
24m
-5.81%
60m
+9.66%
Rental Market
Estimated rent (pcm)
£1,350
/ month
Gross yield
6.75%
Rent ÷ asking price
Net yield
4.68%
Assumes ~31% running costs (not this property's)
Vacancy trend
12-month change
Market Metrics
Median Area Price
£228k
M4 sales, last 12 months
12m Price Growth
+33.9%
M4 median, Land Registry
Days on Market
149d
M4 average
Sales & Yield
3 metricsTransactions / 12m
289
M4 sales
Area Gross Yield
6.45%
M4 medians
Last Sold
£220k
2022-06-08
Investment Analysis
Buy-to-let cashflow + capital returns
Purchase
- Asking Price£240,000
- SDLT standard£2,300
- SDLT BTL surcharge (5%)£12,000
- Legal, survey + broker (assumed)£2,100
- RefurbishmentNot costed
- Total Cost (excl. refurb)£256,400
Funding
- Deposit (25%)£60,000
- Mortgage (75% LTV)£180,000
- Interest Rate (assumed)5.25%
- Mortgage TypeInterest Only
- Cash Required£76,400
Monthly Returns
- Monthly Rent (estimate)£1,350
- Mortgage Payment (IO)-£788
- Management (10%)-£135
- Insurance (assumed)-£40
- Maintenance (assumed)-£60
- Monthly Cashflow, before lease costs (not stated)+£327
Capital Returns
- 5yr Property Value£210,813
- 5yr Capital Gain (-2.56% pa, historical)-£29,187
- 5yr Cumulative Rent (net, before lease costs)+£69,881
- Less mortgage interest-£47,280
- 5yr Total Return (before lease costs)-£6,585
Modelled on the live asking price. Assumed, as in the PDF report: 25% deposit, 5.25% interest-only mortgage, management 10% of rent, insurance £40/mo, maintenance £60/mo, legal, survey and broker £2,100. Refurbishment, voids and letting fees are not costed. Service charge and ground rent are not stated, so cashflow and returns are before lease costs.
5-Year Projection
| Year | Property Value | Equity | Cashflow (cumulative) | Total Return | ROI |
|---|---|---|---|---|---|
| Year 1 | £233,856 | £53,856 | +£3,924 | -£2,220 | -2.9% |
| Year 2 | £227,869 | £47,869 | +£8,136 | -£3,995 | -5.2% |
| Year 3 | £222,036 | £42,036 | +£12,654 | -£5,310 | -6.9% |
| Year 4 | £216,352 | £36,352 | +£17,474 | -£6,174 | -8.1% |
| Year 5 | £210,813 | £30,813 | +£22,601 | -£6,585 | -8.6% |
Modelled on the live asking price. Capital growth -2.56% a year is the M4 area's 5-year historical rate (Land Registry medians), not a forecast. Rent grows 2% a year (assumed); management is 10% of each year's rent. Mortgage held interest-only at 5.25% for 5 years. Refurbishment, voids and letting fees are not costed. Service charge and ground rent are not stated, so cashflow and returns are before lease costs. ROI is on cash required (£76,400).
Price Forecast
No forecast available.
Demand & Supply
DemandSupply
Comparable Sales
MURRAYS MILLS, 50 BENGAL STREET
Recent sale
£350k
Sale price
£/sqft
-
Rent pcm
-
Yield
-
MURRAYS MILLS, 50 BENGAL STREET
Recent sale
£433k
Sale price
£/sqft
-
Rent pcm
-
Yield
-
MURRAYS MILLS, 50 BENGAL STREET
Recent sale
£340k
Sale price
£/sqft
-
Rent pcm
-
Yield
-
Area Economic Intelligence
Signal
£30,067
Median earnings (local authority)
Signal
1,193
Population
Signal
0.3%
Households Deprived