2 Bed Terraced House, Single Let, Salford, M5 4YH, £210,000

Woden Street, Manchester, Greater Manchester, M5 4YH - a year ago

Leasehold
BTL
ROI: 2%
~68 m²
+5 photos

ValuationUndervalued

Sold Prices£122K - £400K
Sold Prices/m²£2K/m² - £4.4K/m²

 

 

Square Metres

~68.11 m²
Price/m²£3.1K/m²

Value Estimate

£224,647
BMV7%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£52,500

Stamp Duty & Legal Fees

£7,500

Total Cash In

£60,000

 

 

Cash Out

 

Rent Range

£895 - £2,500

Rent Estimate

£992

Running Costs/mo

£875

Cashflow/mo

£117

Cashflow/yr

£1,408

ROI

2%

Gross Yield

6%

Local Sold Prices

50 sold prices from £122K to £400K, average is £211.1K. £2K/m² to £4.4K/m², average is £3.4K/m².

PriceDateDistanceAddressBeds 
£212.5K11/210.16 mi5, Wodens Avenue, Salford, Greater Manchester M5 4TF2
£195K03/230.28 mi14, Catfield Walk, Manchester, Greater Manchester M15 4HH2
£160K11/200.29 mi33, Whimberry Close, Salford, Greater Manchester M5 3WL2
£226.5K10/230.29 mi8, Whimberry Close, Salford, Greater Manchester M5 3WL2
£215K01/230.3 mi41, Whimberry Close, Salford, Greater Manchester M5 3WL2
£230K10/230.34 miA 13.07, Block A Wilburn Basin, Ordsall Lane, Salford, Greater Manchester M5 4XQ2
£210.1K02/240.35 mi17, Windmill Avenue, Salford, Greater Manchester M5 3NF2
£205K05/230.35 mi12, Windmill Avenue, Salford, Greater Manchester M5 3NF2
£178K01/210.35 mi35, Windmill Avenue, Salford, Greater Manchester M5 3NF2
£214K10/230.35 mi15, Windmill Avenue, Salford, Greater Manchester M5 3NF2
£212K03/230.36 mi29, Windmill Avenue, Salford, Greater Manchester M5 3NF2
£165K03/210.39 mi14, Buckfield Avenue, Salford, Greater Manchester M5 3HJ2
£215K04/230.52 mi39, Ryall Avenue, Salford, Greater Manchester M5 3HX2
£215K12/220.61 mi17, Warburton Street, Salford, Greater Manchester M5 3FX2
£225K07/210.62 mi78, Taylorson Street, Salford, Greater Manchester M5 3EX2
£208.8K03/210.62 mi92, Taylorson Street, Salford, Greater Manchester M5 3EX2
£220K11/220.63 mi17, Mallow Street, Manchester, Greater Manchester M15 5GE2
£240K08/220.63 mi74, Ribston Street, Manchester, Greater Manchester M15 5RJ2
£195K11/200.63 mi62, Old York Street, Hulme, Manchester, Greater Manchester M15 5TH2
£238K01/240.64 mi13, Treelands Walk, Salford, Greater Manchester M5 3FU2
£221.1K10/210.66 mi2, Sudbury Close, Manchester, Greater Manchester M16 9DG2
£195K11/210.67 mi12, Marple Street, Manchester, Greater Manchester M15 4AH2
£195K11/210.67 mi12, Marple Street, Manchester, Greater Manchester M15 4AH2
£225K05/240.68 mi2, Farwood Close, Manchester, Greater Manchester M16 9DQ2
£235K12/220.68 mi13, Weedall Avenue, Salford, Greater Manchester M5 3DG2
£185K07/210.69 mi43, Yew Street, Hulme, Manchester, Greater Manchester M15 5YW2
£210K02/230.69 mi79, Stanley Road, Old Trafford, Manchester, Greater Manchester M16 9BQ2
£180K05/210.69 mi17, Crowther Avenue, Salford, Greater Manchester M5 3JU2
£242K01/230.71 mi22, Northumberland Road, Manchester, Greater Manchester M16 9DP2
£160K12/200.73 mi57, Goodiers Drive, Salford, Greater Manchester M5 3JZ2
£370K02/230.73 mi18, Fire Station Square, Salford, Greater Manchester M5 4NZ2
£375K07/220.73 mi11, Fire Station Square, Salford, Greater Manchester M5 4NZ2
£205K04/230.74 mi35, Warde Street, Hulme, Manchester, Greater Manchester M15 5TG2
£172K07/210.79 mi5, Dunham Street, Manchester, Greater Manchester M15 5FX2
£258K09/220.81 mi23, Beever Street, Manchester, Greater Manchester M16 9JR2
£205K05/230.81 mi8, Tomlinson Street, Hulme, Manchester, Greater Manchester M15 5FW2
£122K09/220.82 mi81, Pink Bank Lane, Manchester, Greater Manchester M12 5GR2
£150K08/220.82 mi17, Steeple Drive, Salford, Greater Manchester M5 4SB2
£188K02/220.84 mi9, Wythop Gardens, Salford, Greater Manchester M5 4QF2
£175K12/200.86 mi8, Kershope Grove, Salford, Greater Manchester M5 4QE2
£179K03/210.88 mi10, Prestage Street, Old Trafford, Manchester, Greater Manchester M16 9LH2
£345K12/220.89 mi8, Merchants Quay, Salford, Greater Manchester M50 3XR2
£235.7K11/220.89 mi24, Prestage Street, Old Trafford, Manchester, Greater Manchester M16 9JU2
£185K02/210.89 mi26, Prestage Street, Old Trafford, Manchester, Greater Manchester M16 9JU2
£320K03/210.89 mi53, Merchants Quay, Salford, Greater Manchester M50 3XF2
£160K05/230.9 mi11, Brotherton Drive, Salford, Greater Manchester M3 6BH2
£170K01/240.91 mi229, Liverpool Street, Salford, Greater Manchester M5 4HS2
£255K07/220.91 mi7, Tysoe Gardens, Salford, Greater Manchester M3 6BL2
£400K03/230.91 mi17, Tysoe Gardens, Salford, Greater Manchester M3 6BL2
£213K08/230.93 mi57, Pemberton Street, Manchester, Greater Manchester M16 9JY2

Local Rents

50 rents from £895/mo to £2.5K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,32505/240.01 miDowntown, 9 Woden Street, Salford2
£1,30006/240.01 miDowntown, 9 Woden Street, Salford2
£1,55012/240.01 mi-2
£1,40006/240.01 miDowntown (Block A) 9 Woden Street, Salford2
£1,40002/240.01 mi-2
£1,45005/240.02 miWoden Street, Salford2
£1,40005/240.03 mi9 Woden Street, Salford, 2
£1,35005/240.03 miDowntown, 7 Woden Street, Salford2
£1,30005/240.03 miDowntown, 7 Woden Street, Salford, M52
£1,30005/240.03 mi-2
£1,25005/240.03 mi-2
£1,35012/240.03 mi-2
£1,35005/240.03 miWoden Street, Salford, M52
£1,35005/240.03 mi-2
£1,27505/240.04 miDowntown, 9 Woden Street, Salford2
£2,50002/250.04 mi-2
£1,40005/240.04 miThe Mill, M5 4JH2
£1,35005/240.05 miDowntown, 7 Woden Street, Salford, Lancashire, M52
£1,25006/240.05 miWoden Street, Salford2
£1,30005/240.05 miBlock B, Downtown, 9 Woden Street, Salford, Lancashire, M52
£1,17502/250.05 mi-2
£1,15005/240.05 miWoden Street, Salford, Greater Manchester, M52
£1,15005/240.05 miWoden Street, Salford, Greater Manchester, M52
£1,15005/240.05 miSteele House, Woden Street, Salford, M52
£1,30012/240.06 mi-2
£1,20005/240.06 mi29 Slater House, Lamba Court, Salford2
£1,10003/250.06 mi-2
£1,20006/240.06 miSteele House, Woden Street, M52
£1,20006/240.06 miSlater House, Woden Street, M52
£1,15005/240.07 miSlater House, Lamba Court, Woden Street, Salford, M52
£1,15005/240.07 miSlater House, Lamba Court, Woden Street, Salford, M52
£1,29505/240.07 miThe Riverside, Derwent Street Salford M52
£1,35003/250.07 mi-2
£1,35005/240.07 miRiverside, Lowry Wharf, Derwent Street, Salford, M52
£1,35012/240.07 miRiverside, Lowry Wharf, Derwent Street, Salford, M52
£89505/240.07 miThe Riley Building, Derwent Street, M52
£1,20005/240.08 miSt Georges Island, 3 Kelso Place, Castlefield, Manchester, M152
£1,35005/240.08 miBridgewater Gate, Woden Street, Salford, M52
£1,50005/240.08 miKelso Place, Manchester, Greater Manchester, M152
£1,50003/250.09 mi-2
£1,35005/240.09 miExcelsior Works, Castlefield2
£1,15012/240.09 mi-2
£1,19505/240.09 miSt. Georges Island, Kelso Place, Castlefield, Manchester, M152
£1,25005/240.1 miSt Georges Island, 2 Kelso Place, Castlefield2
£1,15005/240.1 miKelso Place, Manchester, M152
£1,10006/240.1 miKelso Place, Castlefield, Manchester, M152
£1,25003/250.1 mi-2
£1,25012/240.1 mi-2
£1,20005/240.1 mi-2
£1,20005/240.1 miKelso Place, Manchester, M152

Local Area Statistics

Population in M5

14,445

Population in Salford

88,697

Town centre distance

2.68 miles away

Nearest school

0.40 miles away

Nearest train station

0.25 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+35%

Sales demand

Buyer's market

Capital growth (5yrs)

+6%

Property History

Listed for £210,000

November 21, 2023

Floor Plans

Description

  • Floor to ceiling windows +
  • Generate income from completion +
  • Two double bedrooms and two bathrooms +
  • High specification finish +
  • Stylish city centre apartment +
  • Tenanted investment opportunity +

This incredible investment opportunity in the form of this stylish city centre apartment. This riverside hotel style development is ideal for investors, with its enviable on-site amenities including 24-hour concierge, a state of the art gym, communal gardens and roof terraces, it's easy to see why properties within this Manhattan style development are always in high demand on the rental market.

The apartment offered for sale is positioned on the 10th floor, boasting floor to ceiling windows, views of the River Irwell and a high quality finish throughout making this the perfect base for the city's working professionals. The accommodation consists of a spacious open plan living area, modern high specification kitchen, two good-sized carpeted double bedrooms and two bathrooms making this the perfect property for sharers and couples.

The ever-popular Downtown development puts residents within easy reach of Manchester city centre, MediaCityUK and major transport links including the motorway network and Cornbrook Metrolink station which is just 0.5 miles away. Manchester's thriving cosmopolitan city centre is just 1.4 miles from this property, meaning tenants are spoilt for choice with an array of fabulous amenities and endless food, drink and entertainment establishments to enjoy.

Ground rent: £395
Service charge: £2,600

Agent Details

Yours Link Limited, London

020 3984 8529

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪