Recent sale
28 BRIDGEWATER STREET
£166k
Sale price
£/sqft
-
Rent pcm
-
Yield
-
Flat 42, 24 Bridgewater Street, Manchester, M3 4NH
UPRN:10090240085Purpose Built Flat2 bedsBuilt 2003-2006
LeaseholdCouncil Tax: -EPC: D (66)AI-Powered Intelligence
Data freshness:Listing· 5mo agoListing: stale, refreshed 5mo ago (2026-04-20T02:48:45.173593+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 (2026-07-10T08:48:29.890950+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)Crime· freshCrime: fresh, refreshed today (2026-09-20T01:24:22.764986+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 today
£179,000
Estimated value
Range: £161k - £197k|Last sold: £187k (2005-11-25)
Estimate of £179k for purpose built flats in Manchester. 244 transactions in the last 12 months; median £209k.
AI Confidence
-
Medium confidence
Value History
Current estimate
£179k
£161k - £197k - Medium confidence
Annualised (CAGR)
-1.21%
Over the full window
Peak estimate
£224k
Sep 2022
From peak
-20.09%
Drawdown from peak
AVM estimate (model)Repeat-sales index - M3 district (quarterly)index YoY -4.63%
Growth by window
3m
-3.24%
6m
+0.00%
12m
-13.53%
24m
-11.82%
60m
-6.77%
Rental Market
Estimated rent (pcm)
£1,100
/ month
Gross yield
6.55%
Net yield
4.97%
Vacancy trend
12-month change
Tenant profile
Market Metrics
Avg Area Price
£209k
2-bed Purpose Built Flat
12m Price Growth
+17.5%
vs UK avg
Days on Market
127d
Area avg
Investment Analysis
Buy-to-let cashflow + capital returns
Purchase
- Asking Price£179,000
- SDLT standard£1,080
- SDLT BTL surcharge (5%)£8,950
- Legal + Survey£15,000
- Refurb (light)£12,530
- Total All-In Cost£216,560
Funding
- Deposit (25%)£44,750
- Mortgage (75% LTV)£134,250
- Interest Rate5.25%
- Mortgage TypeInterest Only
- Cash Required£82,310
Monthly Returns
- Monthly Rent (est)£1,100
- Mortgage Payment (IO)-£587
- Management (10%)-£110
- Insurance-£93
- Maintenance-£75
- Monthly Cashflow+£235
Capital Returns
- 5yr Property Value£158,040
- 5yr Capital Gain (-2.46% pa)+£-20,960
- 5yr Cumulative Rent (net)+£49,320
- Less mortgage interest-£35,220
- 5yr Total Return-£6,860
5-Year Projection
| Year | Property Value | Equity | Cashflow (YTD) | Total Return | ROI |
|---|---|---|---|---|---|
| Year 1 | £174,597 | £40,347 | +£2,820 | -£1,583 | -1.9% |
| Year 2 | £170,302 | £36,052 | +£5,640 | -£3,058 | -3.7% |
| Year 3 | £166,112 | £31,862 | +£8,460 | -£4,428 | -5.4% |
| Year 4 | £162,026 | £27,776 | +£11,280 | -£5,694 | -6.9% |
| Year 5 | £158,040 | £23,790 | +£14,100 | -£6,860 | -8.3% |
Assumes -2.46% 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 (£82,310).
Price Forecast
No forecast available.
Demand & Supply
DemandSupply
Comparable Sales
Recent sale
8 BRIDGEWATER STREET
£123k
Sale price
£/sqft
-
Rent pcm
-
Yield
-
Recent sale
8 BRIDGEWATER STREET
£165k
Sale price
£/sqft
-
Rent pcm
-
Yield
-
Recent sale
8 BRIDGEWATER STREET
£135k
Sale price
£/sqft
-
Rent pcm
-
Yield
-
Area Economic Intelligence
Signal
£36,554
Median Income
Signal
1,025
Population
Signal
0.0 / 100
Deprivation