Apartment 15, 2 Waterways Avenue, Manchester, M15 4QZ
UPRN:10070458583Flat/Maisonette bedsBuilt -
-Council Tax: -EPC: B (85)AI-Powered Intelligence
Data freshness:Listing· freshListing: fresh, refreshed 5d ago (2026-09-16T04:00:02.584543+00:00)Price Paid· 2mo agoPrice Paid: ageing, refreshed 2mo ago (2026-08-01T00:05:07.844309+00:00)Planning· 2mo agoPlanning: ageing, refreshed 2mo ago (2026-07-10T09:43:01.251206+00:00)EPC· 4mo agoEPC: stale, refreshed 4mo ago (2026-05-20T10:58:39.129138+00:00)Risk· 3mo agoRisk: ageing, refreshed 3mo ago (2026-07-04T06:46:22.443816+00:00)Connectivity· 3mo agoConnectivity: ageing, refreshed 3mo ago (2026-07-04T20:23:28.637306+00:00)Amenities· 3mo agoAmenities: ageing, refreshed 3mo ago (2026-07-05T20:05:00.707256+00:00)Area· Census 2021Area: static reference data (Census 2021); authoritative and does not refresh
AI ValuationFairly ValuedUpdated 2 days ago
£238,000
Estimated value
Range: £214k - £262k|Last sold: -- (-)
Estimate of £238k for flat/maisonettes in Manchester. 227 transactions in the last 12 months; median £205k.
AI Confidence
-
Medium confidence
Value History
Current estimate
£238k
£214k - £262k - Medium confidence
Annualised (CAGR)
-1.11%
Over the full window
Peak estimate
£270k
Feb 2021
From peak
-11.85%
Drawdown from peak
AVM estimate (model)Repeat-sales index - M15 district (quarterly)index YoY -4.52%
Growth by window
3m
-3.64%
6m
+3.03%
12m
+9.17%
24m
+8.68%
60m
+0.42%
Rental Market
Estimated rent (pcm)
£1,700
/ month
Gross yield
7.24%
Net yield
10.54%
Vacancy trend
12-month change
Tenant profile
Market Metrics
--/
Avg Area Price
£205k
--bed Flat/Maisonette
12m Price Growth
-
vs UK avg
Days on Market
138d
Area avg
Investment Analysis
Buy-to-let cashflow + capital returns
Purchase
- Asking Price£238,000
- SDLT standard£2,260
- SDLT BTL surcharge (5%)£11,900
- Legal + Survey£15,000
- Refurb (light)£16,660
- Total All-In Cost£283,820
Funding
- Deposit (25%)£59,500
- Mortgage (75% LTV)£178,500
- Interest Rate5.25%
- Mortgage TypeInterest Only
- Cash Required£105,320
Monthly Returns
- Monthly Rent (est)£1,700
- Mortgage Payment (IO)-£781
- Management (10%)-£170
- Insurance-£99
- Maintenance-£99
- Monthly Cashflow+£551
Capital Returns
- 5yr Property Value£169,891
- 5yr Capital Gain (-6.52% pa)+£-68,109
- 5yr Cumulative Rent (net)+£79,920
- Less mortgage interest-£46,860
- 5yr Total Return-£35,049
5-Year Projection
| Year | Property Value | Equity | Cashflow (YTD) | Total Return | ROI |
|---|---|---|---|---|---|
| Year 1 | £222,482 | £43,982 | +£6,612 | -£8,906 | -8.5% |
| Year 2 | £207,977 | £29,477 | +£13,224 | -£16,799 | -16.0% |
| Year 3 | £194,416 | £15,916 | +£19,836 | -£23,748 | -22.5% |
| Year 4 | £181,741 | £3,241 | +£26,448 | -£29,811 | -28.3% |
| Year 5 | £169,891 | £-8,609 | +£33,060 | -£35,049 | -33.3% |
Assumes -6.52% pa capital growth (API forecast), 3.0% rental growth, 5.25% IO mortgage held for 5 years, light refurb completed year 0. ROI is on total cash invested (£105,320).
Price Forecast
No forecast available.
Demand & Supply
DemandSupply
Comparable Sales
Area Economic Intelligence
Signal
£31,516
Median Income
Signal
1,235
Population
Signal
2.1 / 100
Deprivation