3 Bed Semi-Detached House, Refurb/BRRR, Salford, M5 5HT, £210,000

The Garth, Salford, M5 5HT - 4 views - 5 months ago

Sold STC
Leasehold
Refurb/BRRR
ROI: 7%
~93 m²
+14 photos

ValuationFair Value

Sold Prices£120K - £281K
Sold Prices/m²£1.2K/m² - £4.2K/m²

 

 

Square Metres

~93 m²
Price/m²£2.3K/m²

Value Estimate

£214,200

 

 

End Value (After Refurb)

£226,062

Uplift in Value

+8%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£52,500

Stamp Duty & Legal Fees

£7,500

Refurb Costs

£39,428

Bridging Loan Interest

£5,513

Total Cash In

£106,691

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£226,062

Mortgage (After Refinance)

£169,546

Mortgage LTV

75%

Cash Released

£12,046

Cash Left In

£94,645

Equity

£56,515

Rent Range

£1,100 - £3,490

Rent Estimate

£1,671

Running Costs/mo

£1,061

Cashflow/mo

£610

Cashflow/yr

£7,324

ROI

7%

Gross Yield

10%

Local Sold Prices

50 sold prices from £120K to £281K, average is £210K. £1.2K/m² to £4.2K/m², average is £2.4K/m².

PriceDateDistanceAddressBeds 
£260K08/220.03 mi23, The Garth, Salford, Greater Manchester M5 5HT3
£242K12/220.03 mi8, The Garth, Salford, Greater Manchester M5 5HT3
£227.5K05/230.03 mi12, The Garth, Salford, Greater Manchester M5 5HT3
£255K04/230.03 mi10, The Garth, Salford, Greater Manchester M5 5HT3
£255K07/210.06 mi32, Peveril Road, Salford, Greater Manchester M5 5LN3
£240K10/200.06 mi17, Peveril Road, Salford, Greater Manchester M5 5LN3
£275K09/210.06 mi13, Peveril Road, Salford, Greater Manchester M5 5LN3
£281K01/220.06 mi23, Peveril Road, Salford, Greater Manchester M5 5LN3
£195K07/210.08 mi3, Josslyn Road, Salford, Greater Manchester M5 5LQ3
£250K06/220.08 mi6, Josslyn Road, Salford, Greater Manchester M5 5LQ3
£252K07/230.08 mi8, Josslyn Road, Salford, Greater Manchester M5 5LQ3
£180K02/210.08 mi1, Josslyn Road, Salford, Greater Manchester M5 5LQ3
£260K08/230.08 mi3, Kensington Drive, Salford, Greater Manchester M5 5LS3
£216K10/230.08 mi5, Kensington Drive, Salford, Greater Manchester M5 5LS3
£210K02/220.08 mi20, The Mead, Salford, Greater Manchester M5 5LL3
£220K06/220.08 mi46, Gore Avenue, Salford, Greater Manchester M5 5JN3
£220K03/230.1 mi43, Chandos Grove, Salford, Greater Manchester M5 5FJ3
£240K03/210.1 mi5, Whitegate Drive, Salford, Greater Manchester M5 5JD3
£145K03/220.12 mi14, Goldsmith Avenue, Salford, Greater Manchester M5 5HA3
£180K04/210.12 mi25, Gore Crescent, Salford, Greater Manchester M5 5LZ3
£229K09/200.12 mi3, Gore Crescent, Salford, Greater Manchester M5 5LZ3
£230K07/230.12 mi2, Edgewater, Salford, Greater Manchester M5 5RW3
£200K02/220.12 mi149, Weaste Lane, Salford, Greater Manchester M5 5JE3
£205K07/210.12 mi41, Gore Crescent, Salford, Greater Manchester M5 5LT3
£185K03/210.12 mi47, Gore Crescent, Salford, Greater Manchester M5 5LT3
£182K12/200.13 mi10, Lostock Road, Salford, Greater Manchester M5 5LH3
£188K02/210.13 mi3, Lostock Road, Salford, Greater Manchester M5 5LH3
£202K12/200.13 mi23, Lostock Road, Salford, Greater Manchester M5 5LH3
£245K05/220.14 mi52, Gore Crescent, Salford, Greater Manchester M5 5EZ3
£180.5K08/220.14 mi34, Martin Street, Salford, Greater Manchester M5 5JZ3
£175.1K01/210.14 mi11, Martin Street, Salford, Greater Manchester M5 5JZ3
£120K03/210.14 mi620, Liverpool Street, Salford, Greater Manchester M5 5HQ3
£225K12/230.16 mi7, Hart Hill Drive, Salford, Greater Manchester M5 5LX3
£202K04/210.16 mi18, Hart Hill Drive, Salford, Greater Manchester M5 5LX3
£258K09/230.16 mi6, Hart Hill Drive, Salford, Greater Manchester M5 5LX3
£172K12/200.16 mi28, Cedric Street, Salford, Greater Manchester M5 5JY3
£172K12/200.16 mi28, Cedric Street, Salford, Greater Manchester M5 5JY3
£169.3K01/240.16 mi34, Cedric Street, Salford, Greater Manchester M5 5JY3
£160K07/220.16 mi14, Cedric Street, Salford, Greater Manchester M5 5JY3
£150K12/200.16 mi109, Derby Road, Salford, Greater Manchester M5 5LE3
£207.5K04/220.16 mi105, Derby Road, Salford, Greater Manchester M5 5LE3
£220K09/200.17 mi5, Weaste Drive, Salford, Greater Manchester M5 5LU3
£255K12/200.17 mi1, Weaste Drive, Salford, Greater Manchester M5 5LU3
£275K02/230.21 mi136, Derby Road, Salford, Greater Manchester M5 5BB3
£194K12/200.22 mi14, Church Avenue, Salford, Greater Manchester M6 5RB3
£190K11/220.22 mi40, Kennedy Road, Salford, Greater Manchester M5 5FT3
£210K11/220.22 mi9, Calvert Street, Salford, Greater Manchester M5 5HN3
£211.1K02/230.22 mi38, Kennedy Road, Salford, Greater Manchester M5 5FT3
£185K09/210.22 mi32, Kennedy Road, Salford, Greater Manchester M5 5FT3
£136.5K07/210.22 mi40, Kennedy Road, Salford, Greater Manchester M5 5FT3

Local Rents

50 rents from £1.1K/mo to £3.5K/mo, average is £1.6K/mo.

RentDateDistanceAddressBeds 
£2,50005/240.07 mi-3
£1,90002/250.07 mi-3
£1,30005/240.07 miKingsford Street, Salford3
£1,50005/240.08 miKingsford Street M53
£2,40005/240.08 mi-3
£2,40005/240.08 mi-3
£2,20006/240.08 mi-3
£2,20005/240.08 miEmerson Street, Salford, M53
£1,20002/250.09 mi-3
£1,20005/240.1 miWhitegate Drive, Seedley, Salford, M53
£1,20002/240.14 mi-3
£1,35012/240.16 mi-3
£1,50006/240.18 mi-3
£1,60002/250.18 mi-3
£1,90505/240.2 miLyndhurst Street, Salford, M63
£1,90505/240.2 miLyndhurst Street, Salford, M63
£1,60002/240.2 mi-3
£1,55005/240.2 mi-3
£1,55005/240.2 miLomas Close, Manchester, M53
£1,80005/240.2 miWythburn Street, Pendleton, Salford, M63
£1,25006/240.22 mi-3
£1,30005/240.22 mi-3
£1,69502/250.23 mi-3
£1,39506/240.23 mi-3
£1,40005/240.24 mi-3
£1,85505/240.24 miKennedy Road, Salford, M53
£1,50003/250.27 mi-3
£1,29512/240.27 mi-3
£1,56002/240.27 mi-3
£1,65012/240.27 mi-3
£1,15005/240.27 miBarff Road, Salford3
£1,15005/240.28 miBarff Road, Salford3
£1,59512/240.28 mi-3
£1,10003/250.29 mi-3
£1,15005/240.3 miGrange Street, Salford3
£3,22505/240.31 mi-3
£1,50006/240.31 miSouthbourne Street, Moorland's Green, Salford, M63
£3,49001/250.33 mi-3
£1,47505/240.34 miSpringwell Close, Salford, M63
£1,90006/240.35 mi-3
£1,60006/240.35 mi-3
£1,70002/250.35 mi-3
£2,98505/240.36 miBorough Road, Salford, M503
£2,98506/240.36 mi-3
£1,20003/250.37 mi-3
£1,42502/240.37 mi-3
£1,39505/240.38 miEdumnd Street, Salford M63
£1,60012/240.4 mi-3
£1,75012/240.42 mi-3
£1,55005/240.43 miNansen Street, Salford, Manchester3

Local Area Statistics

Population in M5

14,445

Population in Salford

88,697

Town centre distance

1.27 miles away

Nearest school

0.20 miles away

Nearest train station

0.30 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+35%

Sales demand

Buyer's market

Capital growth (5yrs)

+6%

Property History

Listed for £210,000

October 15, 2024

Floor Plans

Description

  • Three Bedroom Semi-Detached Property +
  • Just a Short Walk from Buile Hill Park and Local Schooling +
  • Within Easy Access of Weaste Tram Stop, which Provides Direct Access into Salford Quays, Media City and Manchester City Centre +
  • Bay-Fronted Lounge and a Separate Dining Room +
  • Fitted Kitchen and a Three-Piece Bathroom +
  • Potential for Off-Road Parking +
  • Low-Maintenance Garden to the Front and a Generously Sized Garden at the Rear, with Laid-to-Lawn Grass, a Pond and Paving +
  • Ideal for Someone Looking to Put Their Own Stamp on a Property +
  • Viewing is Highly Recommended! +

Just a Short Walk from Buile Hill Park is this Three Bedroom, Semi-Detached Property! Featuring a Generous Garden to the Rear and a Detached Garage! The property is ideally located within walking distance of Weaste Tram Stop, with direct links into Salford Quays, Media City and Manchester City Centre. Properties in this location are also popular due to their close access to Buile Hill Park, local schooling and Salford Royal Hospital. As you head into the property you go into an entrance hallway, which provides access to the bay-fronted lounge and the fitted kitchen. From the kitchen, you head into the dining room. Upstairs, there are three well-proportioned bedrooms and a three-piece bathroom. Externally, there is a low-maintenance garden to the front, and a generously sized garden to the rear, complete with laid-to-lawn grass, a pond and paving. To the rear you will also find the detached garage, and to the side there is the potential for off-road parking. Whilst the property is in need of modernisation, it would be a great property for someone who is looking to put their own stamp on a property. Viewing is highly recommended, get in touch to secure your viewing today!

EPC Rating: D

Agent Details

Hills, Eccles

0161 707 4900

Next Steps?

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