2 Bed Flat, Cash/Bridging Only, Salford, M5 3NQ, £160,000

Elmira Way, Manchester, Greater Manchester, M5 3NQ - 4 views - 8 months ago

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

ValuationFair Value

Sold Prices£102K - £263K
Sold Prices/m²£1.7K/m² - £4.4K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.3K/m²

Value Estimate

£160,000

 

 

End Value (After Refurb)

£222,779

Uplift in Value

+39%

Investment Opportunity











Local Sold Prices

50 sold prices from £102K to £263K, average is £193.5K. £1.7K/m² to £4.4K/m², average is £3.2K/m².

PriceDateDistanceAddressBeds 
£178K03/230.16 mi15, Radclyffe Mews, Salford, Greater Manchester M5 3GD2
£170K02/230.16 mi17, Radclyffe Mews, Salford, Greater Manchester M5 3GD2
£263K12/230.17 mi44, Merchants Quay, Salford, Greater Manchester M50 3XR2
£250K10/210.23 mi62, Merchants Quay, Salford, Greater Manchester M50 3XG2
£210K10/200.24 mi88, Merchants Quay, Salford, Greater Manchester M50 3XG2
£210K10/200.24 mi88, Merchants Quay, Salford, Greater Manchester M50 3XG2
£153.5K03/210.27 mi41, Greenwood Terrace, Salford, Greater Manchester M5 3GH2
£188K10/200.27 mi76, St Lawrence Quay, Salford, Greater Manchester M50 3XU2
£238.5K10/230.27 mi70, St Lawrence Quay, Salford, Greater Manchester M50 3XU2
£198K10/230.27 mi76, St Lawrence Quay, Salford, Greater Manchester M50 3XU2
£155K09/200.28 mi37, Greenwood Terrace, Salford, Greater Manchester M5 3GH2
£188K10/200.28 mi76, St Lawrence Quay, Salford, Greater Manchester M50 3XU2
£195K01/230.28 mi145, Labrador Quay, Salford, Greater Manchester M50 3YH2
£196K10/200.29 mi25, Labrador Quay, Salford, Greater Manchester M50 3YH2
£208K05/210.29 mi111, Labrador Quay, Salford, Greater Manchester M50 3YH2
£197K12/200.29 mi107, Labrador Quay, Salford, Greater Manchester M50 3YH2
£192K01/210.29 mi153, Labrador Quay, Salford, Greater Manchester M50 3YH2
£204K03/210.29 mi141, Labrador Quay, Salford, Greater Manchester M50 3YH2
£255K11/220.29 mi119, Labrador Quay, Salford, Greater Manchester M50 3YH2
£210K05/230.29 mi171, Labrador Quay, Salford, Greater Manchester M50 3YH2
£212K12/220.29 mi43, Labrador Quay, Salford, Greater Manchester M50 3YH2
£240K12/220.29 mi15, St Lawrence Quay, Salford, Greater Manchester M50 3XT2
£240K09/210.32 mi44, Vancouver Quay, Salford, Greater Manchester M50 3TU2
£205K09/210.32 mi71, Vancouver Quay, Salford, Greater Manchester M50 3TU2
£209.5K11/200.32 mi70, Vancouver Quay, Salford, Greater Manchester M50 3TU2
£228K05/210.38 mi16, Winnipeg Quay, Salford, Greater Manchester M50 3TY2
£260K12/200.38 mi53, Winnipeg Quay, Salford, Greater Manchester M50 3TY2
£200K06/210.38 mi24, Winnipeg Quay, Salford, Greater Manchester M50 3TY2
£230K05/210.38 mi41, Winnipeg Quay, Salford, Greater Manchester M50 3TY2
£190K04/210.38 mi49, Winnipeg Quay, Salford, Greater Manchester M50 3TY2
£210K03/240.5 miImperial Point, Apartment 812, The Quays, Salford, Greater Manchester M50 3RB2
£153K12/230.63 miRenolds House, Apartment 19, Everard Street, Salford, Greater Manchester M5 4UB2
£114K11/230.63 miApartment 1, Renolds House, Everard Street, Salford, Greater Manchester M5 4UB2
£180K12/220.66 miApartment 47, Slater House, Woden Street, Salford, Greater Manchester M5 4UE2
£200K01/230.67 miApartment 1905, Number One, Pink, Media City Uk, Salford, Greater Manchester M50 2BB2
£200K06/230.67 miApartment 403, Number One, Pink, Media City Uk, Salford, Greater Manchester M50 2BA2
£122K05/210.71 miFlat 15, Redmires Court, Eccles New Road, Salford, Greater Manchester M5 4US2
£140K07/230.71 miFlat 49, Redmires Court, Eccles New Road, Salford, Greater Manchester M5 4US2
£112.5K01/210.71 miFlat 73, Redmires Court, Eccles New Road, Salford, Greater Manchester M5 4UT2
£136.1K01/230.71 miFlat 66, Imogen Court, Asgard Drive, Salford, Greater Manchester M5 4TQ2
£138K03/230.71 miFlat 102, Imogen Court, Asgard Drive, Salford, Greater Manchester M5 4TQ2
£102K03/210.71 miFlat 101, Imogen Court, Asgard Drive, Salford, Greater Manchester M5 4TQ2
£138K07/230.71 miFlat 90, Imogen Court, Asgard Drive, Salford, Greater Manchester M5 4TQ2
£110K11/200.72 miFlat 41, Cassandra Court, Asgard Drive, Salford, Greater Manchester M5 4TW2
£150K11/220.73 miFlat 42, Cassandra Court, Asgard Drive, Salford, Greater Manchester M5 4TW2
£173K11/210.75 miApartment 72, Irwell Building, Derwent Street, Salford, Greater Manchester M5 4SS2
£171.5K07/210.75 miApartment 49, Irwell Building, Derwent Street, Salford, Greater Manchester M5 4SS2
£127.5K07/230.77 miFlat 11, Miranda Court, Asgard Drive, Salford, Greater Manchester M5 4TN2
£130K05/230.77 miFlat 2, Miranda Court, Asgard Drive, Salford, Greater Manchester M5 4TN2
£128K02/210.77 miFlat 19, Miranda Court, Asgard Drive, Salford, Greater Manchester M5 4TN2













Local Area Statistics

Population in M5

14,445

Population in Salford

88,697

Town centre distance

2.54 miles away

Nearest school

0.30 miles away

Nearest train station

0.07 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+35%

Sales demand

Buyer's market

Capital growth (5yrs)

+6%

Property History

Listed for £160,000

July 30, 2024

Description

  • TWO double bedroom +
  • Furnished +
  • Open plan lounge and fitted kitchen +
  • Allocated parking +
  • Secure Entry System +
  • Lift Access +
  • Residents Gym +
  • 1-Min Walk to Metrolink Station and Tesco +
  • Gross Yield around 8.5% +
  • Cash Buyer Only +

A lovely 2 BEDROOM 2 BATH apartment located in Salford, which is a good for investment and self-living with very good condition. NO CHAINED - SALE WITH TENANT IN SITU- GROSS YIELD 8.5% - Golden investment chance. Car parking space is included.

The apartment benefits for modern open plan living/dining and kitchen area with custom designed high gloss kitchen, integrated appliances and tiled bathroom with a balcony. It offers on furnished basis. Car parking space is included.

You can enjoy a 3-minute living circle as it just takes 1-minute walk to Metrolink "Salford Quays" station and Tesco Express and 3-minute walk to Ordsall Park for enjoy a super large garden. To achieve University of Salford (Media City), it just takes around 20-mins walk.

Tenure: Leasehold
Length Of Lease: 138
Annual Service Charge Amount: £3,040
Annual Ground Rent Amount: £250
EPC: C
Council Tax Band: C

Agent Details

Zuker Property Ltd, Birmingham

020 3840 3575

Next Steps?

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