2 Bed Flat, Single Let, Salford, M7 1ZN £140,000

The Quadrant, Camp Street, New Broughton, M7 1ZN - 2 views - 2 years ago
Sold STC
Leasehold
BTL
ROI: 6%
~68 m²
Property image

ValuationUndervalued

Sold Prices£77.5K - £180K
Sold Prices/m²£1.4K/m² - £3.8K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.1K/m²

Value Estimate

£173,600
BMV24%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£35,000

Stamp Duty & Legal Fees

£8,500

Total Cash In

£43,500

 

 

Cash Out

 

Rent Range

£589 - £2,495

Rent Estimate

£825

Running Costs/mo

£623

Cashflow/mo

£203

Cashflow/yr

£2,430

ROI

6%

Gross Yield

7%

Local Sold Prices

50 sold prices from £77.5K to £180K, average is £135K. £1.4K/m² to £3.8K/m², average is £2.6K/m².

Price
Date
Distance
Address
Beds
 
£123K03/250.01 mi358, The Quadrant, Camp Street, Salford M7 1ZN2
£140K02/250.01 mi236, The Quadrant, Camp Street, Salford M7 1ZN2
£123K03/250.01 mi358, The Quadrant, Camp Street, Salford M7 1ZN2
£140K02/250.01 mi236, The Quadrant, Camp Street, Salford M7 1ZN2
£140K02/250.01 mi236, Camp Street, Salford, Greater Manchester M7 1ZN2
£130K08/240.14 mi33, Flat 11, Duke Street, Salford M7 1PR2
£150K09/240.14 mi33, Flat 8, Duke Street, Salford M7 1PR2
£165K12/240.19 mi125, Apartment 4, Great Clowes Street, Salford M7 1AL2
£180K05/250.19 miApartment 101, 175 The Vibe, Broughton Lane, Salford M7 1UZ2
£180K05/250.19 miApartment 101, 175 The Vibe, Broughton Lane, Salford M7 1UZ2
£158K04/250.35 miFlat 5, Epsom Mews, Bury New Road, Salford M7 2BZ2
£158K04/250.35 miFlat 5, Epsom Mews, Bury New Road, Salford M7 2BZ2
£160K09/220.4 mi6, St Albans Terrace, Manchester, Greater Manchester M8 8BZ2
£156K02/230.44 mi59, Waterloo Road, Manchester, Greater Manchester M8 8BY2
£120K01/230.46 mi3, Betula Grove, Salford, Greater Manchester M7 2AB2
£115K03/250.56 miFlat 62, Cheshill Court, Marlborough Road, Salford M7 4SB2
£115K03/250.56 miFlat 62, Cheshill Court, Marlborough Road, Salford M7 4SB2
£139.5K09/210.61 mi76, Velour Close, Salford, Greater Manchester M3 6AP2
£110K09/210.61 mi44, Velour Close, Salford, Greater Manchester M3 6AP2
£131K06/210.61 mi88, Velour Close, Salford, Greater Manchester M3 6AP2
£95K07/220.65 miApartment 804, City View, Highclere Avenue, Salford, Greater Manchester M7 4ZU2
£108K07/230.65 miFlat 14, Grey Friar Court, Bridgewater Street, Salford, Greater Manchester M3 7LB2
£80K09/230.66 miApartment 1202, City View, Highclere Avenue, Salford, Greater Manchester M7 4ZU2
£77.5K02/230.66 miGround Floor Apartments G04, City View, Highclere Avenue, Salford, Greater Manchester M7 4ZU2
£93K08/230.66 miApartment 1304, City View, Highclere Avenue, Salford, Greater Manchester M7 4ZU2
£86K06/250.66 miApartment 601, City View, Highclere Avenue, Salford M7 4ZU2
£99K03/250.66 miApartment 404, City View, Highclere Avenue, Salford M7 4ZU2
£99K03/250.66 miApartment 404, City View, Highclere Avenue, Salford M7 4ZU2
£86K06/250.66 miApartment 601, City View, Highclere Avenue, Salford M7 4ZU2
£169K03/250.67 mi115, Blackburn Street, Salford M3 6AS2
£120K09/210.68 mi36, Angora Drive, Salford, Greater Manchester M3 6AR2
£110K02/250.68 miRiverbank Tower, Flat 45, Bridgewater Street, Salford, Greater Manchester M3 7JY2
£168K12/240.68 mi43, Blackburn Street, Salford, Greater Manchester M3 6AS2
£125K12/220.68 mi65, Blackburn Street, Salford, Greater Manchester M3 6AS2
£168K12/240.69 mi43, Blackburn Street, Salford M3 6AS2
£150K08/210.7 mi1, Georgette Drive, Salford, Greater Manchester M3 7AF2
£125.5K02/230.72 miFlat 100, St. Davids Court, Sherborne Street, Manchester, Greater Manchester M8 8NT2
£178K09/210.72 mi36, Bridgewater Street, Salford, Greater Manchester M3 7AS2
£105K06/210.73 miFlat 41, St. Davids Court, Sherborne Street, Manchester, Greater Manchester M8 8ND2
£135K02/230.73 mi38, Calico Close, Salford, Greater Manchester M3 6AH2
£125K08/210.73 mi44, Calico Close, Salford, Greater Manchester M3 6AH2
£125K04/250.74 miApartment 59, 2 Springfield Court, Dean Road, Salford M3 7EH2
£175K05/250.75 mi2, Twillbrook Drive, Salford M3 7AR2
£175K05/250.75 mi2, Twillbrook Drive, Salford M3 7AR2
£150K05/230.75 mi12, Twillbrook Drive, Salford, Greater Manchester M3 7AR2
£166K01/230.76 mi57, Linen Court, Salford, Greater Manchester M3 6JG2
£161.5K01/250.76 mi60, Linen Court, Salford, Greater Manchester M3 6JG2
£135K09/230.76 mi44, Linen Court, Salford, Greater Manchester M3 6JG2
£168K12/220.76 mi61, Linen Court, Salford, Greater Manchester M3 6JG2
£170K05/230.76 mi17, Linen Court, Salford, Greater Manchester M3 6JG2

Local Rents

50 rents from £589/mo to £2.5K/mo, average is £1.1K/mo.

Rent
Date
Distance
Address
Beds
 
£89511/250.01 mi-2
£95008/250.01 miCamp Street, Salford2
£58905/240.01 miFor people aged 21 and over who are working: Camp Street, Salford, Greater Manchester, M72
£95006/240.01 miCamp Street,Lower Broughton,Salford,M72
£1,00007/250.01 miCamp Street, Salford, M72
£98010/250.01 miCamp Street, Salford, Manchester, M72
£1,05010/250.01 miCamp Street, Manchester, Greater Manchester, M72
£87511/250.01 miCamp Street, Manchester, Greater Manchester, M72
£85008/250.03 miStonehouse Drive, Salford2
£85008/250.04 miUpper Camp Street, Salford2
£1,17501/250.04 mi-2
£95001/250.04 mi-2
£1,25006/240.05 miStonehouse Drive, New Broughton, Salford, M72
£1,20005/250.05 miStonehouse Drive, Manchester, Greater Manchester, M72
£1,20006/250.05 miStonehouse Drive, Manchester, Greater Manchester, M72
£1,35007/250.05 miStonehouse Drive, Manchester, Greater Manchester, M72
£1,35007/250.05 miStonehouse Drive, Manchester, Greater Manchester, M72
£1,35011/250.05 miStonehouse Drive, Manchester, Greater Manchester, M72
£1,35011/250.05 miStonehouse Drive, Manchester, Greater Manchester, M72
£82506/240.06 mi-2
£97508/250.07 miBugle Close, New Broughton2
£1,30006/250.07 miBugle Close, Salford2
£1,35006/250.07 miUpper Camp Street, New Broughton, Salford, Manchester, M72
£1,25006/250.07 miUpper Camp Street, New Broughton, Salford, Manchester, M72
£1,20008/240.09 mi-2
£1,20006/240.09 miBugle Close, Salford, M72
£1,20007/240.09 miBugle Close, Salford, M72
£1,15008/240.09 mi-2
£1,15007/240.09 miBugle Close, Salford, M72
£1,10008/240.09 mi-2
£1,25008/250.1 mi-2
£1,35008/250.1 miFenney Street, Salford, M72
£1,05006/250.1 mi224 Great Clowes Street, Salford2
£1,05006/250.1 mi224 Great Clowes Street, Salford2
£1,05008/250.1 mi224 Great Clowes Street, Salford2
£1,00005/240.12 miDuke Street, Salford2
£90006/250.13 miPentlands Avenue, Manchester, M72
£95011/250.13 miFlat 10, 19 Bandy Fields Place, Salford, Greater Manchester, M7 2ZT2
£95011/250.13 mi10, 19 Bandy Fields Place, Salford, Greater Manchester, M7 2ZT2
£1,15011/250.14 mi226 Great Clowes Street, Salford, M72
£1,09510/250.14 mi-2
£1,07510/250.14 mi33 Duke Street, Salford2
£1,10011/250.14 miDuke Street, Salford2
£1,22501/250.14 mi-2
£2,40002/250.14 mi-2
£2,49511/250.14 mi-2
£72507/250.14 mi38 Alban Street, Manchester2
£1,10006/250.14 mi-2
£1,00007/250.14 mi-2
£99508/250.14 mi-2

Local Area Statistics

Population in M7

27,601

Population in Salford

88,697

Town centre distance

1.86 miles away

Nearest school

0.30 miles away

Nearest train station

1.08 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+31%

Sales demand

Seller's market

Capital growth (5yrs)

+43%

Property History

Listed for £140,000

March 19, 2024

Floor Plans

Property image

Description

  • Fourth Floor +
  • Two Bed +
  • Balcony +
  • En-Suite & Bathroom +
  • Parking +
  • No Onward Chain +
  • Rented On A Rolling Contract at £825 PCM +

*EWS1 IN PLACE* A 4th floor two bedroom apartment which is located in the New Broughton area in Salford. Entrance hall with storage, living room/kitchen, the living area has a balcony, the kitchen comes with fridge/freezer, oven, hob and extractor hood. Two bedrooms and en-suite shower room. There is also a three piece white bathroom suite with shower over the bath. The apartment comes furnished and benefits from with gated parking. Lifts to all floors. RENTED ON A ROLLING CONTRACT FOR £825 PCM. No onward chain.

Entrance Hall - Carpet. Ceiling light. Wall mounted electric heater. Cupboard housing washing machine and water tank.

Living Room/Kitchen - 5.95 x 3.45 (19'6" x 11'3") - Range of wall and base units with worktops over. Sink with mixer tap. Freestanding fridge/freezer. Cooker with hob and extractor over. Carpet. Ceiling light. Wall mounted electric heater. TV and telephone point. Access to balcony.

Bedroom One - 3.05 x 2.53 (10'0" x 8'3") - Carpet. Ceiling light. Wall mounted electric heater.

En-Suite - Low level W.C. Sink with mixer tap. Shower cubical with mixer shower. Wall mounted heater.

Bedroom Two - 3.04 x 2.40 (9'11" x 7'10") - Carpet. Ceiling light. Wall mounted electric heater.

Bathroom - Low level W.C. Sink with mixer tap. Bath with mixer shower over. Wall mounted heater.

Externally - Lifts to all floor. Parking to rear. Private balcony.

Additional Information - Service charges - £177.13 per month
Ground rent - £100 per annum
Lease - 250 years from January 2007

Agent Details

Jordan Fishwick, Manchester

0161 524 3050

Next Steps?

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