2 Bed Flat, Single Let, Salford, M5 3GX £105,000

Hollies Lane, Salford, Greater Manchester, M5 3GX - 1 views - a year ago
Leasehold
Auction
BTL
ROI: 18%
~57 m²
Property image

ValuationUndervalued

Sold Prices£114K - £263K
Sold Prices/m²£1.9K/m² - £5.7K/m²

 

 

Square Metres

~57 m²
Price/m²£1.8K/m²

Value Estimate

£129,150
BMV23%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£26,250

Stamp Duty & Legal Fees

£6,450

Total Cash In

£32,700

 

 

Cash Out

 

Rent Range

£700 - £1,350

Rent Estimate

£1,050

Running Costs/mo

£558

Cashflow/mo

£492

Cashflow/yr

£5,903

ROI

18%

Gross Yield

12%

Local Sold Prices

50 sold prices from £114K to £263K, average is £180K. £1.9K/m² to £5.7K/m², average is £3K/m².

Price
Date
Distance
Address
Beds
 
£239K07/240.11 mi14, Markendale Place, Salford M5 3GW2
£240K12/240.21 miDock Office, Apartment 32, Furness Quay, Salford M50 3AA2
£132K02/250.22 mi238 Quay 5, Apartment 4d, Ordsall Lane, Salford M5 3NE2
£134K01/250.24 mi234 Quay 5, Apartment 8b, Ordsall Lane, Salford M5 3WJ2
£178K03/230.24 mi15, Radclyffe Mews, Salford, Greater Manchester M5 3GD2
£170K02/230.24 mi17, Radclyffe Mews, Salford, Greater Manchester M5 3GD2
£160K02/250.24 mi8 The Exchange, Apartment 113, Elmira Way, Salford M5 3NQ2
£170K07/250.26 miApartment 39, 2 Gilbert House, Elmira Way, Salford M5 3DE2
£118K11/240.27 mi232 Quay 5, Apartment 10a, Ordsall Lane, Salford M5 3NB2
£180K06/250.28 miApartment 4, 3 Egerton House, Elmira Way, Salford M5 3DH2
£180K06/250.28 miApartment 4, 3 Egerton House, Elmira Way, Salford M5 3DH2
£150K03/250.32 miApartment 15, 5 Platt House, Elmira Way, Salford M5 3DR2
£175.5K03/250.34 miApartment 53, 6 Walker House, Elmira Way, Salford M5 3DU2
£175.5K03/250.34 mi6 Walker House, Apartment 53, Elmira Way, Salford M5 3DU2
£120K02/250.37 miApartment 523, Xq7 Building, Taylorson Street South, Salford M5 3FN2
£230K04/250.37 mi159, Labrador Quay, Salford M50 3YH2
£230K04/250.37 mi159, Labrador Quay, Salford M50 3YH2
£195K01/230.38 mi145, Labrador Quay, Salford, Greater Manchester M50 3YH2
£235.1K05/250.38 mi141, Labrador Quay, Salford M50 3YH2
£235.1K05/250.38 mi141, Labrador Quay, Salford M50 3YH2
£210K12/240.39 miMillennium Point, Apartment 803, The Quays, Salford M50 3SE2
£212K12/220.4 mi43, Labrador Quay, Salford, Greater Manchester M50 3YH2
£255K11/220.4 mi119, Labrador Quay, Salford, Greater Manchester M50 3YH2
£210K05/230.4 mi171, Labrador Quay, Salford, Greater Manchester M50 3YH2
£263K12/230.41 mi44, Merchants Quay, Salford, Greater Manchester M50 3XR2
£238.5K10/230.41 mi70, St Lawrence Quay, Salford, Greater Manchester M50 3XU2
£198K10/230.41 mi76, St Lawrence Quay, Salford, Greater Manchester M50 3XU2
£153K12/230.42 miRenolds House, Apartment 19, Everard Street, Salford, Greater Manchester M5 4UB2
£114K11/230.42 miApartment 1, Renolds House, Everard Street, Salford, Greater Manchester M5 4UB2
£260K04/250.44 mi52, St Lawrence Quay, Salford M50 3XT2
£260K04/250.44 mi52, St Lawrence Quay, Salford M50 3XT2
£125K11/240.44 miRosalind Court, Flat 149, Asgard Drive, Salford M5 4TG2
£210K12/240.44 mi67, St Lawrence Quay, Salford, Greater Manchester M50 3XT2
£245K02/230.44 mi44, St Lawrence Quay, Salford, Greater Manchester M50 3XT2
£240K12/220.44 mi15, St Lawrence Quay, Salford, Greater Manchester M50 3XT2
£180K12/220.46 miApartment 47, Slater House, Woden Street, Salford, Greater Manchester M5 4UE2
£135K04/250.46 miApartment 32, Slater House, Woden Street, Salford M5 4UE2
£135K04/250.46 miApartment 32, Slater House, Woden Street, Salford M5 4UE2
£240K09/210.47 mi44, Vancouver Quay, Salford M50 3TU2
£250K10/210.47 mi62, Merchants Quay, Salford, Greater Manchester M50 3XG2
£205K09/210.48 mi71, Vancouver Quay, Salford, Greater Manchester M50 3TU2
£136.1K01/230.48 miFlat 66, Imogen Court, Asgard Drive, Salford, Greater Manchester M5 4TQ2
£138K03/230.48 miFlat 102, Imogen Court, Asgard Drive, Salford, Greater Manchester M5 4TQ2
£138K07/230.48 miFlat 90, Imogen Court, Asgard Drive, Salford, Greater Manchester M5 4TQ2
£175K12/240.48 miSteele House, Apartment 14, Woden Street, Salford M5 4UU2
£178K05/230.49 miBlock B, Apartment 306, Oldfield Road, Salford M5 3QP2
£160K03/250.49 miApartment 312, 52 Madison Court, Broadway, Salford M50 2UD2
£178K11/240.49 miDelaney Building, Apartment 44, Derwent Street, Salford M5 4SR2
£188K05/250.49 miApartment 24, Delaney Building, Derwent Street, Salford M5 4SR2
£188K05/250.49 miApartment 24, Delaney Building, Derwent Street, Salford M5 4SR2

Local Rents

50 rents from £700/mo to £1.4K/mo, average is £1.1K/mo.

Rent
Date
Distance
Address
Beds
 
£85007/250 miHollies Lane, Salford2
£1,10010/250.01 miHollies Lane, Manchester, Greater Manchester, M52
£1,08005/250.01 miHollies Lane, Manchester, Greater Manchester, M52
£85007/250.01 miHollies Lane, Salford, M52
£1,14510/250.03 miHollies Lane, Salford, M52
£1,12510/250.03 miHollies Lane, Salford, M52
£1,12510/250.03 mi-2
£70008/250.03 miCooke Place, Salford, M52
£85007/250.06 miTWO BED FURNISHED @ HOLLIES LANE SALFORD!!2
£85007/250.06 miTWO BED FURNISHED @ HOLLIES LANE SALFORD!!2
£72508/250.06 mi2 BED UNFURNISHED!! AVAILABLE JANUARY!! AGATE MEWS2
£1,05012/240.06 mi-2
£72508/250.06 miTWO BED UNFURNISHED @ COOKE PLACE M5 3LG!!2
£1,16010/250.06 miGroves Avenue, Manchester, Greater Manchester, M52
£1,15011/250.06 miGroves Avenue, Manchester, Greater Manchester, M52
£84008/250.07 miColman Gardens, Manchester, Greater Manchester, M52
£1,14006/250.07 miColman Gardens, Manchester, Greater Manchester, M52
£1,14007/250.07 miColman Gardens, Manchester, Greater Manchester, M52
£1,15007/250.07 miColman Gardens, Manchester, Greater Manchester, M52
£1,15009/250.07 miColman Gardens, Manchester, Greater Manchester, M52
£72508/250.07 mi9 Gladwin Place,3 Colman Gardens, Manchester, Greater Manchester, M52
£79508/250.07 mi23 Gladwin Place,3 Colman Gardens, Manchester, Greater Manchester, M52
£95707/250.07 miColman Gardens, Manchester, Greater Manchester, M52
£1,30005/240.1 miThe Gateway, 15 Trafford Road, Salford, M52
£1,35009/250.1 miThe Gateway, 15 Trafford Road, Salford, M52
£89508/250.1 miSalford M52
£1,20006/250.1 miOrdsall Salford M52
£1,20006/250.1 miOrdsall Salford M52
£1,20010/250.1 miOrdsall Lane Salford M52
£1,20011/250.1 miPhoebe Street Salford M52
£1,20009/250.1 miPoplar House, Phoebe Street, Salford2
£1,20012/240.13 miSpinner House, 1A Elmira Way, Salford, M52
£1,10006/250.13 miSpinner House, 1A Elmira Way, Salford, M52
£1,25007/250.13 miSpinner House, 1A Elmira Way, Salford, M52
£1,25007/250.13 miSpinner House, 1A Elmira Way, Salford, M52
£1,25007/250.13 miSpinner House, 1A Elmira Way, Salford, M52
£1,25008/250.13 miSpinner House, 1A Elmira Way, Salford, M52
£1,25008/250.13 miSpinner House, 1A Elmira Way, Salford, M52
£1,22509/250.13 miSpinner House, 1A Elmira Way, Salford, M52
£1,22510/250.13 miSpinner House, 1A Elmira Way, Salford, M52
£85007/250.13 miSpinner House, 1A Elmira Way, Salford, M52
£89507/250.13 miSpinner House, 1A Elmira Way, Salford, M52
£1,25007/250.15 miPoplar House, Salford, M5 3LE2
£1,20008/250.15 miOrdsall Salford M52
£1,20008/250.15 miOrdsall Salford M52
£1,35001/250.16 mi-2
£1,15005/240.16 miSpinner House, 1A Elmira Way, Salford, M52
£1,20006/250.16 miSpinner House, 1A Elmira Way, Salford, M52
£1,25008/250.16 miSpinner House, Salford, M52
£1,25008/250.16 miSpinner House, 1A Elmira Way, Salford, M52

Local Area Statistics

Population in M5

14,445

Population in Salford

88,697

Town centre distance

2.44 miles away

Nearest school

0.20 miles away

Nearest train station

0.31 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+6%

Sales demand

Buyer's market

Capital growth (5yrs)

-2%

Property History

Price changed to £105,000

May 27, 2025

Price changed to £130,000

May 15, 2025

Listed for £138,000

October 7, 2024

Floor Plans

Property image

Description

  • For Sale by Auction – T & C’s apply +
  • Subject to an undisclosed Reserve Price +
  • Buyer’s fees apply +
  • The Modern Method of Auction +
  • 1st floor two double bedroom apartment +
  • Close to Salford Quays +
  • Easy access to Manchester city centre +
  • Corner position living / dining room +
  • Let at £1050 pcm until August 2025 +
  • Leasehold +

For sale by Modern Method of Auction. Starting Bid Price £105,000 plus Reservation Fee.
A furnished two TWO double bedroom apartment with parking, in the Radcliffe park area of Salford. The property is in close proximity to Salford Quays and has easy access to Manchester City Centre via road and Metrolink.
The accommodation located on the first floor briefly comprises; entrance hall, corner position living / dining room with kitchen adjoining, two double bedrooms, both with front facing windows and bathroom with a white suite.
Currently let at £1050 pcm until August 2025.
EPC Rating - C.

IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS: We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases.

MCC240650/2

Agent Details

Reeds Rains, Salford Quays City Living

0161 524 2839

Next Steps?

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