Portland Crescent, Manchester, Greater Manchester, M13
LO

Portland Crescent, Manchester, Greater Manchester, M13

By Lomond Investment Management

£ 1,100,000

Reviews

2 out of 5 stars

Lomond Investment Management says ..

Freehold Residential Investment opportunity, comprising 8 self contained apartments over 4 floors (4,271 sq ft). The residential accommodation comprises: 1 x studio 6 x 1 beds 1 x 2 bed There is outdoor shared space along with off street car parking.

Property Oracle says ..

This property in Ardwick, Manchester, is presented as a residential investment opportunity comprising eight self-contained apartments across four floors. The total area is significant at approximately 4,271 sq ft, offering a substantial rental income potential. The interior appears relatively modern and well-maintained in the provided photographs, although some minor upgrades may enhance its appeal to tenants. The exterior is in satisfactory condition, although some external landscaping could enhance the overall presentation. The location in Ardwick offers good transport links to Manchester city centre and several well-regarded schools within reasonable proximity. However, Ardwick is not regarded as a top-tier residential area in Manchester, which might affect the rental yields and the ease of filling vacancies. The property’s lack of extensive private land and the absence of detailed pricing per sq ft for comparable properties make it challenging to definitively assess its value. The listed price is high, however given similar listings nearby it does sit within reasonable range. Therefore, the overall value proposition hinges significantly on its suitability for the investment market. Careful due diligence on rental market dynamics and anticipated maintenance costs is crucial for prospective buyers to accurately gauge the ROI and long-term financial viability.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Price
7
Condition
6
Location
7
Land
3
Bedrooms
9
Bathrooms
8
Sqft (est)
4,271.40
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Leaflet © OpenStreetMap contributors

The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.

Metrics YoY

Area value
100 £
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Rental value
20 £
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Rental Yield
20 %
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Crime Rate
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Agent Activity

  • Lomond Investment Management created the listing.

Nearby Schools

NameTypeOfstedDistance
Plymouth Grove Primary SchoolCommunity SchoolGood0.17 KM
St Joseph'S Rc Primary School ManchesterVoluntary Aided SchoolGood0.38 KM
Dean Trust ArdwickAcademy Sponsor LedGood0.47 KM
St Luke'S Cofe Primary SchoolVoluntary Controlled SchoolGood0.49 KM
St John'S Cofe Primary SchoolVoluntary Controlled SchoolGood0.75 KM

Images

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Nearby Streets

NameAverage PriceAverage SqftDistance
Martindale Crescent £ 250,00000.00 KM
Lincoln Street £ 000.00 KM
Oxford Place £ 165,00000.00 KM
Whixall Avenue £ 265,00000.00 KM
Dagenham Road £ 000.00 KM

Nearby Transport

NameNLCTLCDistance
Ardwick2960ADK1.23 KM
Ashburys2941ABY2.34 KM
Manchester Piccadilly2968MAN2.79 KM
Levenshulme2862LVM2.83 KM
Mauldeth Road2867MAU3.06 KM

Nearby Listings

AddressPriceTypeScoreDistance
Portland Crescent, Manchester, Greater Manchester, M13 £ 1,100,000BUY5 / 100.00 KM
Hathersage Road, Manchester, Greater Manchester, M13 £ 140,000BUY6 / 100.22 KM
Walcott Close, Manchester, M13 £ 325,000BUYUnknown0.23 KM
Plymouth Grove, Manchester, Greater Manchester, M13 £ 2,100,000BUY4 / 100.29 KM
Drybrook Close, Longsight, Manchester £ 230,000BUY5 / 100.31 KM

Nearby Properties

AddressPriceDistance
25 Portland Crescent £ 275,0000.02 KM
46 Richmond Grove £ 35,0000.04 KM
48 Richmond Grove £ 50,0000.04 KM
70 Richmond Grove £ 188,0000.04 KM
52 Richmond Grove £ 58,0000.04 KM