3 Bed Semi-Detached House, Single Let, Salford, M6 8BR, £240,000

Otley Avenue, Salford, M6 8BR - 4 views - 5 months ago

Sold STC
BTL
ROI: 3%
~93 m²
+18 photos

ValuationOvervalued

Sold Prices£150K - £550K
Sold Prices/m²£1.7K/m² - £4K/m²

 

 

Square Metres

~93 m²
Price/m²£2.6K/m²

Value Estimate

£212,860

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£60,000

Stamp Duty & Legal Fees

£8,400

Total Cash In

£68,400

 

 

Cash Out

 

Rent Range

£995 - £3,600

Rent Estimate

£1,150

Running Costs/mo

£1,000

Cashflow/mo

£150

Cashflow/yr

£1,800

ROI

3%

Gross Yield

6%

Local Sold Prices

50 sold prices from £150K to £550K, average is £201K. £1.7K/m² to £4K/m², average is £2.3K/m².

PriceDateDistanceAddressBeds 
£260K04/210.05 mi10, Harvard Grove, Salford, Greater Manchester M6 8GT3
£258K08/230.05 mi25, Harvard Grove, Salford, Greater Manchester M6 8GT3
£250K06/230.07 mi4, Woodside Drive, Salford, Greater Manchester M6 8BL3
£212K07/240.08 mi32, Wentworth Avenue, Salford, Greater Manchester M6 8BX3
£225K08/230.1 mi1, Shipley Avenue, Salford, Greater Manchester M6 8BZ3
£245K03/230.1 mi3, Shipley Avenue, Salford, Greater Manchester M6 8BZ3
£227K04/210.1 mi8, De La Salle Way, Salford, Greater Manchester M6 8ER3
£222K06/210.11 mi7, Princeton Close, Salford, Greater Manchester M6 8QL3
£265K09/230.11 mi2, Princeton Close, Salford, Greater Manchester M6 8QL3
£275K10/220.11 mi12, Princeton Close, Salford, Greater Manchester M6 8QL3
£305K09/210.12 mi2, Hopefield Drive, Salford, Greater Manchester M6 8EA3
£175K04/210.14 mi1, Bridlington Avenue, Salford, Greater Manchester M6 8BP3
£167K06/210.19 mi52, Meadowgate Road, Salford, Greater Manchester M6 8DR3
£330K05/210.2 mi4, Ellastone Road, Salford, Greater Manchester M6 8QR3
£150K11/200.21 mi13, Mayfair Avenue, Salford, Greater Manchester M6 8AF3
£200K01/240.21 mi6, Wortley Avenue, Salford, Greater Manchester M6 8DB3
£169K10/200.21 mi48, Fairhope Avenue, Salford, Greater Manchester M6 8AD3
£170K08/210.23 mi2, Vicarage Close, Salford, Greater Manchester M6 8EJ3
£400K08/230.23 mi7, Prestwood Road, Salford, Greater Manchester M6 8GG3
£400K12/230.23 mi2, Prestwood Road, Salford, Greater Manchester M6 8GG3
£550K06/230.24 mi112, Eccles Old Road, Salford, Greater Manchester M6 8QQ3
£190K03/230.24 mi8, Selby Drive, Salford, Greater Manchester M6 8AX3
£212K11/210.24 mi2, Hopecourt Close, Salford, Greater Manchester M6 8AS3
£230K09/230.24 mi3, Hopecourt Close, Salford, Greater Manchester M6 8AS3
£225K03/210.25 mi9, Gloucester Road, Salford, Greater Manchester M6 8PP3
£200K06/210.25 mi8, Gloucester Road, Salford, Greater Manchester M6 8PP3
£203K02/230.25 mi18, Gloucester Road, Salford, Greater Manchester M6 8PP3
£240K03/210.25 mi1a, Gloucester Road, Salford, Greater Manchester M6 8PP3
£162K07/210.25 mi23, New Cross Street, Salford, Greater Manchester M5 5EU3
£171K08/210.26 mi21, Winchester Road, Salford, Greater Manchester M6 8PQ3
£183K11/200.26 mi15, Winchester Road, Salford, Greater Manchester M6 8PQ3
£185K12/200.26 mi19, Winchester Road, Salford, Greater Manchester M6 8PQ3
£185K05/210.26 mi33, Winchester Road, Salford, Greater Manchester M6 8PQ3
£162K03/210.26 mi121, Meadowgate Road, Salford, Greater Manchester M6 8EN3
£170K06/210.27 mi36, Winchester Road, Salford, Greater Manchester M6 8PG3
£202K02/230.27 mi18, Winchester Road, Salford, Greater Manchester M6 8PG3
£187K12/200.27 mi26, Winchester Road, Salford, Greater Manchester M6 8PG3
£170K03/210.27 mi20, Winchester Road, Salford, Greater Manchester M6 8PG3
£211.1K02/230.27 mi38, Kennedy Road, Salford, Greater Manchester M5 5FT3
£200K08/210.27 mi39, Graham Road, Salford, Greater Manchester M6 8PS3
£173K04/210.27 mi16, Graham Road, Salford, Greater Manchester M6 8PS3
£165.5K04/210.27 mi29, Graham Road, Salford, Greater Manchester M6 8PS3
£196K11/200.27 mi2, Graham Road, Salford, Greater Manchester M6 8PS3
£228K02/240.27 mi20, Graham Road, Salford, Greater Manchester M6 8PS3
£173K04/210.27 mi16, Graham Road, Salford, Greater Manchester M6 8PS3
£210K09/230.27 mi90, Tootal Drive, Salford, Greater Manchester M5 5FU3
£218K11/230.28 mi32, Bradfield Avenue, Salford, Greater Manchester M6 8DX3
£193K12/230.28 mi10, Bradfield Avenue, Salford, Greater Manchester M6 8DX3
£190K11/220.28 mi40, Kennedy Road, Salford, Greater Manchester M5 5FT3
£190K03/210.29 mi1, Guildford Road, Salford, Greater Manchester M6 8PT3

Local Rents

50 rents from £995/mo to £3.6K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,40005/240.19 mi-3
£1,65003/250.19 mi-3
£1,40003/250.24 mi-3
£1,45003/250.25 mi-3
£1,05003/250.25 mi-3
£1,20003/250.25 mi-3
£1,25006/240.26 miWinchester Road, Salford3
£1,45006/240.27 mi-3
£3,60003/250.27 mi-3
£1,37505/240.29 mi-3
£1,37505/240.29 miGraham Road, Salford, M63
£99505/240.29 miGuildford Road, Salford3
£1,29512/240.3 mi-3
£1,85505/240.32 miKennedy Road, Salford, M53
£1,15005/240.32 miBarff Road, Salford3
£1,20005/240.33 miWhitegate Drive, Seedley, Salford, M53
£1,70005/240.34 miLancaster Road, Salford3
£1,39506/240.35 mi-3
£1,60002/240.36 mi-3
£1,55005/240.36 mi-3
£1,55005/240.36 miLomas Close, Manchester, M53
£1,35012/240.36 mi-3
£2,20006/240.36 mi-3
£2,20005/240.36 miEmerson Street, Salford, M53
£2,40005/240.36 mi-3
£2,40005/240.36 mi-3
£1,30005/240.36 miKingsford Street, Salford3
£1,15005/240.37 miBarff Road, Salford3
£1,30002/240.37 mi-3
£1,40005/240.37 miLight Oaks Road, Salford, M63
£1,40006/240.37 mi-3
£2,50005/240.39 mi-3
£1,90002/250.39 mi-3
£1,50005/240.39 miKingsford Street M53
£3,22505/240.4 mi-3
£1,32503/250.43 mi-3
£1,20002/250.44 mi-3
£1,30006/240.48 miCaldy Road, Salford3
£1,18002/250.49 mi-3
£1,10003/250.55 mi-3
£1,20002/240.56 mi-3
£1,80002/250.58 mi-3
£1,50006/240.6 mi-3
£1,60002/250.6 mi-3
£1,59512/240.6 mi-3
£1,30003/250.6 mi-3
£1,20005/240.61 miCanterbury Gardens, Salford3
£1,69502/250.61 mi-3
£1,30003/250.62 mi-3
£1,90505/240.62 miLyndhurst Street, Salford, M63

Local Area Statistics

Population in M6

31,268

Population in Salford

88,697

Town centre distance

1.11 miles away

Nearest school

0.10 miles away

Nearest train station

0.57 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+32%

Sales demand

Seller's market

Capital growth (5yrs)

+58%

Property History

Listed for £240,000

October 23, 2024

Floor Plans

Description

  • Substantial Corner Plot +
  • Bright And Spacious Living Room +
  • Modern Fitted Kitchen +
  • Downstairs WC +
  • Extensive Gardens To Three Sides +
  • Driveway +
  • Close Proximity To Salford Royal Hospital +
  • No Onward Chain +

Offered to the market with no onward chain, this fantastic three-bedroom semi-detached family home occupies a substantial and enviable corner plot.

Conveniently situated within walking distance to Salford Royal Hospital, this property is also close to a wealth of local amenities, including shops, parks, and popular schools. The area benefits from excellent transportation links via bus, rail, and road routes, providing easy access to Manchester City Centre and beyond.

The property welcomes you with a bright and inviting entrance hall that leads to a spacious living room, filled with natural light. The modern fitted kitchen diner offers an ideal space for family meals, complemented by a convenient downstairs WC.

Upstairs, you will find three generously sized bedrooms and a well-appointed three-piece bathroom suite, perfect for family living.

Externally, the property features a driveway providing off-road parking for multiple vehicles, along with an extensive garden that wraps around three sides of the home, offering ample outdoor space for relaxation.

Don’t miss out on this exceptional opportunity to secure a beautiful family home in a sought-after location!

Agent Details

Thornley Groves, Monton

0161 524 9345

Next Steps?

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