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Flat 503, 1, Lockgate Mews, Manchester is recorded publicly as a modern leasehold apartment across 441 ft2 of internal area.
Locally, apartments of this size normally have 1 bedroom with a balcony.
Our estimate of the sale value of Flat 503, 1, Lockgate Mews, Manchester is £202,556 and its rental estimate is £1,133 per month, given the available information and assuming reasonable condition.
1, Lockgate Mews is a residential building on Lockgate Mews, Manchester, M4 and falls within the M4 postal district and the borough of Manchester.
Flat 503, 1, Lockgate Mews, Manchester has a single entry in the Land Registry from September 2019 and a single entry in the EPC database dated July 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.
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 503, 1, Lockgate Mews, Manchester, we estimate a market value of £212,683 and a rental value of £1,189 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £188,377 and £1,053 per month respectively.
Over the last year, Flat 503, 1, Lockgate Mews, Manchester has seen its estimated sale value move down by £4,707 (2.3%) and its estimated rental value increase by £25 per month (2.2%). This results in an estimated gross rental yield of 6.7%.
Flat 503, 1, Lockgate Mews, Manchester has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 19 Jul 2019.
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 503, 1, Lockgate Mews, Manchester completed on 6th September 2019 at £260,950 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 dropped by 22.6% over the period since September 2019.
Over the past 2 years 3 properties similar to Flat 503, 1, Lockgate Mews, Manchester have sold within a radius of 210 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 13th October 2024, was Flat 108, 1, Lockgate Mews, Manchester, M4 6GE, a leasehold flat which sold for £227,500.
Read more about house prices in M4.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Of the 101 addresses on Lockgate Mews, Manchester, M4, Flat 503, 1, Lockgate Mews, Manchester comes out as the 93rd largest and the 92nd most expensive in our analysis of the public data.
It is also £19k less expensive than the average property across the M4 district.
From Flat 503, 1, Lockgate Mews, Manchester, the nearest station is Manchester Piccadilly, 600 metres away.
Broadband here reaches ultrafast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Ultrafast broadband is available in the area.
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 503, 1, Lockgate Mews, Manchester, % of property is and % is .
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 503, 1, Lockgate Mews, Manchester, 0.0% of residents are recorded as possessing school level qualifications and 0.0% as possessing degree level qualifications.
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 503, 1, Lockgate Mews, 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 503, 1, Lockgate Mews, Manchester, there are an average of 0.0 cars per household.
See below for how this compares to North West and the rest of England & Wales.