2 Bed Terraced House, Single Let, Salford, M5 4YA, £135,000

Worrall Street, Salford, Greater Manchester, M5 4YA - 1 views - 5 months ago

Leasehold
Auction
BTL
ROI: 14%
~61 m²
+3 photos

ValuationUndervalued

Sold Prices£150K - £375K
Sold Prices/m²£2K/m² - £4.4K/m²

 

 

Square Metres

~61 m²
Price/m²£2.2K/m²

Value Estimate

£162,000
BMV20%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£33,750

Stamp Duty & Legal Fees

£7,950

Total Cash In

£41,700

 

 

Cash Out

 

Rent Range

£1,050 - £3,250

Rent Estimate

£1,150

Running Costs/mo

£672

Cashflow/mo

£478

Cashflow/yr

£5,738

ROI

14%

Gross Yield

10%

Local Sold Prices

50 sold prices from £150K to £375K, average is £212.8K. £2K/m² to £4.4K/m², average is £3.3K/m².

PriceDateDistanceAddressBeds 
£212.5K11/210.11 mi5, Wodens Avenue, Salford, Greater Manchester M5 4TF2
£215K01/230.2 mi41, Whimberry Close, Salford, Greater Manchester M5 3WL2
£160K11/200.2 mi33, Whimberry Close, Salford, Greater Manchester M5 3WL2
£226.5K10/230.2 mi8, Whimberry Close, Salford, Greater Manchester M5 3WL2
£210.1K02/240.24 mi17, Windmill Avenue, Salford, Greater Manchester M5 3NF2
£205K05/230.24 mi12, Windmill Avenue, Salford, Greater Manchester M5 3NF2
£178K01/210.24 mi35, Windmill Avenue, Salford, Greater Manchester M5 3NF2
£214K10/230.24 mi15, Windmill Avenue, Salford, Greater Manchester M5 3NF2
£212K03/230.24 mi29, Windmill Avenue, Salford, Greater Manchester M5 3NF2
£165K03/210.29 mi14, Buckfield Avenue, Salford, Greater Manchester M5 3HJ2
£195K03/230.34 mi14, Catfield Walk, Manchester, Greater Manchester M15 4HH2
£215K04/230.45 mi39, Ryall Avenue, Salford, Greater Manchester M5 3HX2
£230K10/230.46 miA 13.07, Block A Wilburn Basin, Ordsall Lane, Salford, Greater Manchester M5 4XQ2
£215K12/220.48 mi17, Warburton Street, Salford, Greater Manchester M5 3FX2
£225K07/210.49 mi78, Taylorson Street, Salford, Greater Manchester M5 3EX2
£208.8K03/210.49 mi92, Taylorson Street, Salford, Greater Manchester M5 3EX2
£238K01/240.51 mi13, Treelands Walk, Salford, Greater Manchester M5 3FU2
£235K12/220.55 mi13, Weedall Avenue, Salford, Greater Manchester M5 3DG2
£221.1K10/210.58 mi2, Sudbury Close, Manchester, Greater Manchester M16 9DG2
£225K05/240.59 mi2, Farwood Close, Manchester, Greater Manchester M16 9DQ2
£210K02/230.61 mi79, Stanley Road, Old Trafford, Manchester, Greater Manchester M16 9BQ2
£242K01/230.61 mi22, Northumberland Road, Manchester, Greater Manchester M16 9DP2
£180K05/210.62 mi17, Crowther Avenue, Salford, Greater Manchester M5 3JU2
£240K08/220.65 mi74, Ribston Street, Manchester, Greater Manchester M15 5RJ2
£195K11/210.65 mi12, Marple Street, Manchester, Greater Manchester M15 4AH2
£220K11/220.66 mi17, Mallow Street, Manchester, Greater Manchester M15 5GE2
£195K11/210.66 mi12, Marple Street, Manchester, Greater Manchester M15 4AH2
£195K11/200.67 mi62, Old York Street, Hulme, Manchester, Greater Manchester M15 5TH2
£160K12/200.68 mi57, Goodiers Drive, Salford, Greater Manchester M5 3JZ2
£185K07/210.68 mi43, Yew Street, Hulme, Manchester, Greater Manchester M15 5YW2
£258K09/220.73 mi23, Beever Street, Manchester, Greater Manchester M16 9JR2
£205K04/230.76 mi35, Warde Street, Hulme, Manchester, Greater Manchester M15 5TG2
£345K12/220.76 mi8, Merchants Quay, Salford, Greater Manchester M50 3XR2
£150K08/220.77 mi17, Steeple Drive, Salford, Greater Manchester M5 4SB2
£320K03/210.77 mi53, Merchants Quay, Salford, Greater Manchester M50 3XF2
£370K02/230.78 mi18, Fire Station Square, Salford, Greater Manchester M5 4NZ2
£375K07/220.78 mi11, Fire Station Square, Salford, Greater Manchester M5 4NZ2
£188K02/220.8 mi9, Wythop Gardens, Salford, Greater Manchester M5 4QF2
£175K12/200.8 mi8, Kershope Grove, Salford, Greater Manchester M5 4QE2
£179K03/210.8 mi10, Prestage Street, Old Trafford, Manchester, Greater Manchester M16 9LH2
£235.7K11/220.81 mi24, Prestage Street, Old Trafford, Manchester, Greater Manchester M16 9JU2
£185K02/210.81 mi26, Prestage Street, Old Trafford, Manchester, Greater Manchester M16 9JU2
£172K07/210.83 mi5, Dunham Street, Manchester, Greater Manchester M15 5FX2
£213K08/230.85 mi57, Pemberton Street, Manchester, Greater Manchester M16 9JY2
£225K12/230.85 mi47, Pemberton Street, Manchester, Greater Manchester M16 9JY2
£205K05/230.86 mi8, Tomlinson Street, Hulme, Manchester, Greater Manchester M15 5FW2
£364K10/200.86 mi24, St Lawrence Quay, Salford, Greater Manchester M50 3XT2
£245K02/230.86 mi44, St Lawrence Quay, Salford, Greater Manchester M50 3XT2
£315K12/200.86 mi89, Merchants Quay, Salford, Greater Manchester M50 3XQ2
£186.3K03/210.87 mi5, Worthington Street, Old Trafford, Manchester, Greater Manchester M16 9LB2

Local Rents

50 rents from £1.1K/mo to £3.3K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£2,00002/240.01 mi-2
£2,20002/240.01 mi-2
£1,95003/250.01 mi-2
£1,85002/250.01 mi-2
£2,20003/250.01 mi-2
£1,40005/240.02 miWaterhouse, Salford, M52
£1,20005/240.02 miWaterhouse, Salford, M52
£1,30005/240.02 miWaterhouse Apartments, 14 Worrall Street, Salford, Greater Manchester, M52
£2,80003/250.02 mi-2
£3,25006/240.03 mi-2
£1,35002/240.04 mi-2
£1,39506/240.04 mi-2
£1,39512/240.04 mi-2
£1,45003/250.04 mi-2
£1,39505/240.04 miWaterhouse Apartments, Salford, M52
£1,39505/240.04 miWaterhouse Apartments, Salford, M52
£1,25012/240.04 mi-2
£1,15012/240.05 mi-2
£1,30005/240.05 miBridgewater Point, Worrall Street, Salford, Greater Manchester, M52
£1,25005/240.05 miBridgewater Point, Worrall Street, Salford, M52
£1,20005/240.05 miBridgewater Point, Worrall Street, Salford, M52
£1,50001/250.07 mi-2
£1,50001/250.07 mi-2
£1,45005/240.07 miRiley Building, Lowry Wharf, Derwent Street, Salford, M5 4TA2
£1,20006/240.08 miSteele House, Woden Street, M52
£1,30012/240.08 mi-2
£1,25003/250.08 mi-2
£1,29503/250.08 mi-2
£1,19505/240.08 mi75, The Waterhouse, 14 Worrall Street, Manchester, Greater Manchester, M52
£1,20003/240.08 miWorrall Street, Manchester, Greater Manchester, M52
£1,15005/240.08 miSteele House, Woden Street, Salford, M52
£1,15005/240.08 miWoden Street, Salford, Greater Manchester, M52
£1,15005/240.08 miWoden Street, Salford, Greater Manchester, M52
£1,40002/250.08 mi-2
£1,20006/240.09 miSlater House, Woden Street, M52
£1,20005/240.09 mi29 Slater House, Lamba Court, Salford2
£1,15005/240.09 miSlater House, Lamba Court, Woden Street, Salford, M52
£1,15005/240.09 miSlater House, Lamba Court, Woden Street, Salford, M52
£1,05005/240.1 miRenolds House, Lamba Court, Everard Street, Salford, M52
£1,09505/240.1 miRenolds House, Everard Street, Salford, M5 4UB2
£1,20005/240.1 miRenolds House, Everard Street, Salford2
£1,27505/240.11 miDowntown, 9 Woden Street, Salford2
£1,40005/240.11 mi9 Woden Street, Salford, 2
£1,35005/240.11 miDowntown, 7 Woden Street, Salford2
£1,25006/240.11 miWoden Street, Salford2
£1,30005/240.11 miBlock B, Downtown, 9 Woden Street, Salford, Lancashire, M52
£1,35005/240.11 mi-2
£1,45005/240.11 miWoden Street, Salford2
£1,30005/240.13 miDowntown, 7 Woden Street, Salford, M52
£1,35005/240.13 miWoden Street, Salford, M52

Local Area Statistics

Population in M5

14,445

Population in Salford

88,697

Town centre distance

2.69 miles away

Nearest school

0.40 miles away

Nearest train station

0.15 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+35%

Sales demand

Buyer's market

Capital growth (5yrs)

+6%

Property History

Price changed to £135,000

March 8, 2025

Listed for £150,000

October 3, 2024

Floor Plans

Description

  • Being Sold via Secure Sale online bidding. Terms and Conditions apply. +
  • First Floor Apartment +
  • Two Double Bedrooms +
  • Open Plan Living/Dining Area +
  • Fully Fitted and Integrated Kitchen +
  • Family Bathroom +

This well proportioned two double bedroom apartment, located at the stunning Bridgewater Point, is ideal for investors and home owners alike.

Situated on the first floor, this wonderful apartment is well proportioned with a spacious entrance hall, giving access to an open plan living/dining area which opens on to a fully fitted and integrated kitchen, two double bedrooms and family bathroom.

Other benefits include beautiful communal gardens and a fantastic roof terrace with stunning views of Manchester.

Council Tax Band: C
Tenure: Leasehold
Length Of Lease: 241
Annual Ground Rent Amount: £300.00
Annual Service Charge Amount: £2,685.00

Agent Details

Pattinson Estate Agents, Auction

0191 625 0242

Next Steps?

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