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Flat 16, 494, Wilmslow Road, Manchester is recorded publicly as a modern leasehold apartment across 376 ft2 of internal area.
Locally, apartments of this size normally have 1 bedroom with a balcony.
Our estimate of the sale value of Flat 16, 494, Wilmslow Road, Manchester is £162,980 and its rental estimate is £942 per month, given the available information and assuming reasonable condition.
494, Wilmslow Road is a residential building on Wilmslow Road, Manchester, M20 and falls within the M20 postal district and the borough of Manchester.
Flat 16, 494, Wilmslow Road, Manchester has a single entry in the Land Registry from October 2018 and a single entry in the EPC database dated September 2018.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 3 out of 5 and is considered of medium accuracy.
The condition of a property plays an important role in determining its value, with the degree of impact varying by property type, size and location.
For Flat 16, 494, Wilmslow Road, Manchester, we estimate a market value of £171,129 and a rental value of £989 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £151,572 and £876 per month respectively.
Over the last year, Flat 16, 494, Wilmslow Road, Manchester has seen its estimated sale value grow by £2,646 (1.6%) and its estimated rental value climb by £48 per month (5.1%). This results in an estimated gross rental yield of 6.9%.
Flat 16, 494, Wilmslow Road, Manchester has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 20 Sep 2018.
The property is not connected to mains gas and has high performance glazing. It is heated using Room heaters, electric.
The most recent sale of Flat 16, 494, Wilmslow Road, Manchester completed on 16th October 2018 at £157,500 and was recorded by HM Land Registry as a leasehold flat.
Since 1995 this is the property's only sale.
Values of comparable properties have risen by 36.0% over the period since October 2018.
Over the past 2 years 3 properties similar to Flat 16, 494, Wilmslow Road, Manchester have sold within a radius of 400 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 15th September 2023, was Flat 2, 494, Wilmslow Road, Manchester, M20 3BP, a leasehold flat which sold for £151,500.
Read more about house prices in M20.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Of the 1288 addresses on Wilmslow Road, Manchester, M20, Flat 16, 494, Wilmslow Road, Manchester comes out as the 1244th largest and the 1138th most expensive in our analysis of the public data.
It is also £230k less expensive than the average property across the M20 district.
From Flat 16, 494, Wilmslow Road, Manchester, the nearest station is Mauldeth Road, 1.3 kilometres away.
The flood risk here is rated very low, based on Environment Agency data.
The recent census recorded whether a resident owned or rented their home.
In the area around Flat 16, 494, Wilmslow Road, Manchester, 55.4% of property is privately rented and 22.3% is socially rented.
The graph below shows how this compares to North West and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around Flat 16, 494, Wilmslow Road, Manchester, 43.8% of residents are recorded as possessing school level qualifications and 41.2% as possessing degree level qualifications.
The graph below shows how this compares to North West and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around Flat 16, 494, Wilmslow Road, Manchester, the average age was 34.6 and the most common age was 22.
The graph below shows how this compares to North West and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around Flat 16, 494, Wilmslow Road, Manchester, 0.0% of property was a second home.
Comparison figures for North West and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around Flat 16, 494, Wilmslow Road, Manchester, there are an average of 0.7 cars per household.
See below for how this compares to North West and the rest of England & Wales.