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3 Bed Flat, Cash/Bridging Only, Salford, M5 3EN, £242,125

62 Fairbrother Street, Manchester, M5 3EN - 2 views - 5 months ago

Leasehold
Cash
ROI: 5%
~93 m²

ValuationFair Value

Sold Prices£88K - £337.5K
Sold Prices/m²£1.4K/m² - £5.3K/m²

 

 

Square Metres

~93 m²
Price/m²£2.6K/m²

Value Estimate

£244,546

 

 

End Value (After Refurb)

£263,092

Uplift in Value

+9%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£60,531

Stamp Duty & Legal Fees

£8,464

Refurb Costs

£39,428

Bridging Loan Interest

£6,356

Total Cash In

£116,529

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£263,092

Mortgage (After Refinance)

£197,319

Mortgage LTV

75%

Cash Released

£15,725

Cash Left In

£100,804

Equity

£65,773

Rent Range

£850 - £3,000

Rent Estimate

£1,693

Running Costs/mo

£1,181

Cashflow/mo

£512

Cashflow/yr

£6,147

ROI

5%

Gross Yield

8%

Local Sold Prices

38 sold prices from £88K to £337.5K, average is £232.5K. £1.4K/m² to £5.3K/m², average is £3.2K/m².

PriceDateDistanceAddressBeds 
£337.5K01/230.48 miFlat 112, Former St. Georges Church, Arundel Street, Manchester, Greater Manchester M15 4JZ3
£157.5K06/210.6 miFlat 6, Stanley Court, Stanley Road, Old Trafford, Manchester, Greater Manchester M16 9DL3
£200K02/210.7 mi7, St Lawrence Quay, Salford, Greater Manchester M50 3XT3
£262.8K02/230.72 mi47, Vancouver Quay, Salford, Greater Manchester M50 3TU3
£290K12/230.73 mi36, Vancouver Quay, Salford, Greater Manchester M50 3TU3
£225K01/210.76 mi22, Vancouver Quay, Salford, Greater Manchester M50 3TT3
£270K04/230.77 mi87, Vancouver Quay, Salford, Greater Manchester M50 3TX3
£245K04/230.77 mi78, Vancouver Quay, Salford, Greater Manchester M50 3TX3
£243K04/210.77 mi81, Vancouver Quay, Salford, Greater Manchester M50 3TX3
£276K10/230.81 mi81, Winnipeg Quay, Salford, Greater Manchester M50 3TY3
£276K10/230.81 mi81, Winnipeg Quay, Salford, Greater Manchester M50 3TY3
£263.3K12/200.81 mi52, Winnipeg Quay, Salford, Greater Manchester M50 3TY3
£298.3K01/240.81 mi2, Fulford Street, Manchester, Greater Manchester M16 9PU3
£140K01/210.87 miFlat 33, Redmires Court, Eccles New Road, Salford, Greater Manchester M5 4US3
£137.5K08/210.92 miFlat 37, Carthorpe Arch, Eccles New Road, Salford, Greater Manchester M5 4UR3
£230K04/230.92 mi27, Humberstone Avenue, Manchester, Greater Manchester M15 5EE3
£225K12/220.92 mi11, Humberstone Avenue, Manchester, Greater Manchester M15 5EE3
£219.9K02/211.02 miApartment 45, Central Court, Melville Street, Salford, Greater Manchester M3 6DH3
£178.5K11/201.16 mi25, Bevill Square, Salford, Greater Manchester M3 6BB3
£235K07/231.16 mi25, Bevill Square, Salford, Greater Manchester M3 6BB3
£225K04/231.19 mi22, Betsham Street, Manchester, Greater Manchester M15 5JN3
£177K07/211.19 mi34, Lockett Gardens, Salford, Greater Manchester M3 6BJ3
£150K10/201.2 mi42, Linen Court, Salford, Greater Manchester M3 6JG3
£165K10/201.22 mi51, Alexandra Road, Moss Side, Manchester, Greater Manchester M16 7HA3
£141.5K10/231.24 miFlat 2, Darley House, My Street, Salford, Greater Manchester M5 5GJ3
£227.5K04/241.36 mi40, Woodlawn Court, Manchester, Greater Manchester M16 9RJ3
£145.5K06/211.4 mi2, Osborne Street, Salford, Greater Manchester M6 5LG3
£275K12/201.49 miApartment 21, Velvet Court, Granby Row, Manchester, Greater Manchester M1 7AB3
£265K04/231.6 mi34, Taylors Road, Stretford, Manchester, Greater Manchester M32 0JJ3
£88K11/211.69 mi63, Sugar Mill Square, Salford, Greater Manchester M5 5EB3
£112.3K03/211.69 mi43, Sugar Mill Square, Salford, Greater Manchester M5 5EB3
£242.5K08/231.7 mi15, Lockton Close, Manchester, Greater Manchester M1 7JG3
£200K12/221.72 mi27, Lockton Close, Manchester, Greater Manchester M1 7JG3
£312.5K03/231.76 mi33, Martlesham Walk, Manchester, Greater Manchester M4 1LY3
£320K08/231.76 mi11, Martlesham Walk, Manchester, Greater Manchester M4 1LY3
£245K03/211.79 mi32, Len Cox Walk, Manchester, Greater Manchester M4 5LA3
£310K02/211.97 mi24, Anita Street, Manchester, Greater Manchester M4 5DU3
£273K09/211.97 mi31, Anita Street, Manchester, Greater Manchester M4 5DU3

Local Rents

50 rents from £850/mo to £3K/mo, average is £1.7K/mo.

RentDateDistanceAddressBeds 
£1,71505/240.04 miOrdsall Lane, Manchester, Greater Manchester, M53
£1,69405/240.04 miOrdsall Lane, Manchester, Greater Manchester, M53
£1,77005/240.04 miOrdsall Lane, Manchester, Greater Manchester, M53
£1,55005/240.11 miGurner Avenue, Salford3
£2,00005/240.16 miWaterhouse, 14 Worrall St, Salford, M53
£1,65012/240.17 miLowry Wharf, The Riley Building, Derwent Street, Salford, M5 4TA3
£1,50006/240.18 mi-3
£1,40005/240.18 miSalford M53
£3,00005/240.19 mi-3
£3,00005/240.19 mi-3
£1,47506/240.19 miWorral Street, Salford3
£1,70005/240.19 miBridgewater Point, Worrell Street, Salford, M53
£1,50005/240.2 miBridgewater Point, M53
£1,75005/240.21 miManchester Waters, 1 Pomona Strand, Old Trafford, Manchester, M163
£2,49912/240.22 mi-3
£1,90003/250.22 mi-3
£1,70002/250.23 mi-3
£1,40005/240.24 miSalford M53
£1,45005/240.25 miCooke Place, Salford3
£1,65003/250.26 mi-3
£1,69505/240.28 miDowntown, 7 Woden Street, Salford, M53
£1,55005/240.28 miDowntown, 7 Woden Street, Salford, M53
£1,80005/240.28 miVox, Trentham Street, M153
£1,79005/240.29 miBotanica, Chester Road, Manchester, M153
£1,75005/240.29 miBotanica, Chester Road, Manchester, M153
£1,70005/240.29 miBotanica, Chester Road, Manchester, M153
£1,27505/240.3 miAsgard Drive, Salford3
£99505/240.3 miAsgard Drive, Salford3
£99505/240.3 miAsgard Drive, Salford3
£1,50006/240.3 miRadclyffe Mews, Salford, M53
£1,50005/240.3 miRadclyffe Mews, Salford, M53
£1,50006/240.3 mi-3
£85005/240.31 mi-3
£1,75006/240.31 mi-3
£1,75006/240.31 miDelaney Building, Salford, M53
£1,05005/240.31 miDelaney, Salford, M53
£1,62505/240.31 miDelaney Building Lowry Wharf Derwent Street M53
£1,30005/240.32 miTaylorson Street, Salford, Lancashire, M53
£1,55005/240.32 miDelaney Building, Lowry Wharf, Derwent Street, Salford, M53
£1,85005/240.32 miThe Trilogy, Ellesmere Street, Manchester, M153
£1,89005/240.32 miThe Trilogy, Ellesmere Street, Manchester, M153
£1,84006/240.32 miThe Trilogy, Ellesmere Street, Manchester, M153
£90005/240.32 miGreenwood Terrace, Salford, M53
£1,76505/240.32 miThe Trilogy, Ellesmere Street, Manchester, M153
£1,91005/240.32 miThe Trilogy, Ellesmere Street, Manchester, M153
£1,88506/240.32 miThe Trilogy, Ellesmere Street, Manchester, M153
£1,92506/240.32 miThe Trilogy, Ellesmere Street, Manchester, M153
£1,60012/240.33 mi-3
£1,60012/240.33 mi-3
£2,10005/240.33 mi-3

Links

Local Area Statistics

Population in M5

14,445

Population in Salford

88,697

Town centre distance

2.66 miles away

Nearest school

0.30 miles away

Nearest train station

0.20 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 £242,125

January 23, 2025

Listed for £261,125

October 4, 2024

Description

  • Discover Luxury Living in Manchester! Invest in Stunning 1, 2 & 3-Bedroom Apartments Below Market Value! Call Now for Exclusive Opportunities in the City Centre! +
  • Exclusive Investor Opportunity! Luxury Apartments in Manchester City Centre Available Below Market Value - Secure Your Future with a 30% Cash Deposit Today! +
  • Elevate Your Portfolio with Manchester's Finest! Invest in Luxury Riverside Apartments Starting from £100,000 with 6% Assured Rental Returns - Call Us Now! +
  • Luxury Awaits in Manchester! Invest in Premier 1, 2 & 3-Bedroom Apartments Near MediaCityUK - Enjoy High Returns and a Thriving Community! Don't Miss Out! +
  • Unlock Manchester's Potential! Invest in Below Market Value Luxury Apartments with a 30% Deposit - Experience Urban Living at Its Best! Contact Us Today! +

Luxury Apartments in Manchester City Centre Available Below Market Value! Exclusive Opportunity for Investors - 30% Cash Deposit Required! Elevate your city living experience with stunning 1, 2, and 3-bedroom apartments. Call us today-don't let this opportunity pass you by!

Full Description:

We are excited to present luxury apartments in Manchester city centre at below market value! This exclusive offering is for investors only and requires a 30% cash deposit. Discover the next level of luxe living with options for 1, 2, and 3-bedroom apartments.

Nestled in close proximity to Salford Quays and the acclaimed MediaCityUK, this development is part of a vibrant creative hub that houses major players like the BBC and ITV studios. With excellent transport links nearby, residents can reach Manchester city centre in mere minutes.

Please register your interest below to receive further details and an information pack. Additionally, we have a wide portfolio of investment options that we can discuss in detail.

Investment Overview:

6% Assured Net Rental Return for 2 Years
Riverside Location
Developer with Proven Track Record
Experienced Management Company
Prices starting from £100,000

Why Invest in Manchester?

Manchester boasts the second-largest economy in the UK and is home to a thriving financial and professional services sector. Renowned as a creative, digital, and tech hub, it has become the biggest commercial property market outside London, with a Gross Value Added (GVA) of £62.8 billion. The city is projected to experience significant growth, with a forecasted 45% increase in GVA between 2016 and 2036.

Don't miss out on this incredible opportunity! Call us today for more information. Call Now-Don't Let This Chance Slip Away!

Agent Details

Elite Realty Invest, Liverpool

0151 453 2241

Next Steps?

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

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