Flat 506, Castlegate 2
Flat 506, Castlegate 2
Description & Estimates
Flat 506, Castlegate 2, Manchester is recorded publicly as a modern leasehold apartment across 1,065 ft2 of internal area.
Locally, apartments of this size normally have 3 bedrooms with a balcony.
Our estimate of the sale value of Flat 506, Castlegate 2, Manchester is £308,782 and its rental estimate is £1,856 per month, given the available information and assuming reasonable condition.
Castlegate, Chester Road is a residential building on Chester Road, Manchester, M15 and falls within the M15 postal district and the borough of Manchester.
Our Data Sources
Flat 506, Castlegate 2, Manchester has 21 entries in the Land Registry , most recently in August 2018 and a single entry in the EPC database dated November 2017.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 4 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 506, Castlegate 2, Manchester, we estimate a market value of £324,221 and a rental value of £1,949 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £287,167 and £1,726 per month respectively.
Recent Market Change
Over the last year, Flat 506, Castlegate 2, Manchester has seen its estimated sale value drop by £10,076 (3.3%) and its estimated rental value rise by £67 per month (3.6%). This results in an estimated gross rental yield of 7.2%.
Energy Efficiency
Flat 506, Castlegate 2, Manchester has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 13 Nov 2017.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Room heaters, electric.
Sold Prices
The most recent sale of Flat 506, Castlegate 2, Manchester completed on 31st August 2018 at £370,000 and was recorded by HM Land Registry as a leasehold flat.
Since 1995 the property has sold twice.
Values of comparable properties have dropped by 12.3% over the period since August 2018.
- Sold Aug 2018£370,000
- Sold Jun 2005£347,500
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to Flat 506, Castlegate 2, Manchester have sold within a radius of 200 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 19th April 2024, was Flat G09, Castlegate 2, Chester Road, Manchester, M15 4QG, a leasehold flat which sold for £340,000.
Read more about house prices in M15.
- Sold Apr 2024£340,000 | 3 Bed FlatCastlegate 2, Chester RoadFlat G09, Castlegate 2, Chester Road, Manchester, M15 4QG
- Sold Jan 2021£402,760 | 3 Bed Flat16, Silvercroft StreetFlat 1403, 16, Silvercroft Street, Manchester, M15 4ZE
- Sold May 2017£329,950 | 3 Bed FlatCastlegate 2, Chester RoadFlat 109, Castlegate 2, Chester Road, Manchester, M15 4QG
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Of the 1118 addresses on Chester Road, Manchester, M15, Flat 506, Castlegate 2, Manchester comes out as the 77th largest and the 505th most expensive in our analysis of the public data.
It is also £72k more expensive than the average property across the M15 district.
More reading links
Schools Nearby
- 200mCrown Street Primary School
- 500mSt Wilfrid's RC Primary School
- 800mSt Philip's Church of England Primary School
- 1.4kmTrinity CofE High School
- 1.9kmOasis Academy MediaCityUK
- 2.2kmManchester Academy
More reading links
Public Transport Nearby
From Flat 506, Castlegate 2, Manchester, the nearest station is Deansgate, 300 metres away.
- 300mDeansgate
- 800mManchester Oxford Road
- 1.0kmSalford Central
Available Internet Speeds
Broadband here reaches ultrafast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Ultrafast broadband is available in the area.
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
