Flat 47, Loom Building 1
Flat 47, Loom Building 1
Description & Estimates
Flat 47, Loom Building 1, Manchester is recorded publicly as a modern leasehold apartment across 818 ft2 of internal area.
Locally, apartments of this size normally have 2 bedrooms with a balcony.
Our estimate of the sale value of Flat 47, Loom Building 1, Manchester is £243,562 and its rental estimate is £1,419 per month, given the available information and assuming reasonable condition.
Loom Building, Harrison Street is a residential building on Harrison Street, Manchester, M4 and falls within the M4 postal district and the borough of Manchester.
Our Data Sources
Flat 47, Loom Building 1, Manchester has a single entry in the Land Registry from March 2020 and a single entry in the EPC database dated December 2019.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 5 out of 5 and is considered of high accuracy.
Price Range & Condition
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 47, Loom Building 1, Manchester, we estimate a market value of £255,740 and a rental value of £1,490 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £226,513 and £1,320 per month respectively.
Recent Market Change
Over the last year, Flat 47, Loom Building 1, Manchester has seen its estimated sale value drop by £6,867 (2.8%) and its estimated rental value rise by £26 per month (1.8%). This results in an estimated gross rental yield of 7.0%.
Energy Efficiency
Flat 47, Loom Building 1, Manchester has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 18 Dec 2019.
The property is not connected to mains gas and has high performance glazing. It is heated using Room heaters, electric.
Sold Prices
The most recent sale of Flat 47, Loom Building 1, Manchester completed on 30th March 2020 at £285,000 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 10.8% over the period since March 2020.
- Sold Mar 2020£285,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to Flat 47, Loom Building 1, Manchester have sold within a radius of 200 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 25th April 2024, was Flat 83, Loom Building 1, Harrison Street, Manchester, M4 7BJ, a leasehold flat which sold for £247,000.
Read more about house prices in M4.
- Sold Apr 2024£247,000 | 2 Bed FlatLoom Building 1, Harrison StreetFlat 83, Loom Building 1, Harrison Street, Manchester, M4 7BJ
- Sold Dec 2022£210,000 | 2 Bed FlatLoom Building 1, Harrison StreetFlat 101, Loom Building 1, Harrison Street, Manchester, M4 7BJ
- Sold Sep 2021£220,000 | 2 Bed FlatLoom Building 1, Harrison StreetFlat 40, Loom Building 1, Harrison Street, Manchester, M4 7BF
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 101 addresses on Harrison Street, Manchester, M4, Flat 47, Loom Building 1, Manchester comes out as the 27th largest and the 27th most expensive in our analysis of the public data.
It is also £22k more expensive than the average property across the M4 district.
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Schools Nearby
- 200mSt Anne's RC Primary School
- 500mCo-op Academy New Islington
- 900mAshbury Meadow Primary School
- 1.6kmThe East Manchester Academy
- 2.0kmEden Boys' Leadership Academy, Manchester
- 2.1kmTrinity CofE High School
More reading links
Public Transport Nearby
From Flat 47, Loom Building 1, Manchester, the nearest station is Manchester Piccadilly, 800 metres away.
- 800mManchester Piccadilly
- 1.0kmArdwick
- 1.7kmManchester Oxford Road
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
