2 Bed Flat, Single Let, Salford, M6 8AW £150,000

Heathfields, Lancaster Road, Salford, M6 8AW - a year ago

Sold STC

Leasehold

BTL

ROI: 1%

~55 m²

ValuationOvervalued

Sold Prices	£92K - £205K
Sold Prices/m²	£1.8K/m² - £3.2K/m²

Square Metres	~55 m²
Price/m²	£2.7K/m²
Value Estimate	£130,738£130,738

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£37,500£37,500
Stamp Duty & Legal Fees	£9,200£9,200
Total Cash In	£46,700£46,700

Cash Out
Rent Range	£600 - £1,275£600 - £1,275
Rent Estimate	£638
Running Costs/mo	£616£616
Cashflow/mo	£22£22
Cashflow/yr	£260£260
ROI	1%1%
Gross Yield	5%5%

Local Sold Prices

50 sold prices from £92K to £205K, average is £140K. £1.8K/m² to £3.2K/m², average is £2.4K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£160K	03/25	0.02 mi	78, Lancaster Road, Salford M6 8AW	-	-	2	Flat
£160K	03/25	0.02 mi	78, Lancaster Road, Salford M6 8AW	£2,909	55	2	Flat
£150K	03/25	0.14 mi	11, St James Court, Salford M6 8EH	£2,679	56	2	Flat
£150K	03/25	0.14 mi	11, St James Court, Salford M6 8EH	-	-	2	Flat
£160K	06/25	0.16 mi	23, St James Court, Salford M6 8EH	£2,857	56	2	Flat
£160K	06/25	0.16 mi	23, St James Court, Salford M6 8EH	-	-	2	Flat
£165K	02/25	0.17 mi	Flat 26, The Hollies, Eccles Old Road, Salford M6 8AL	-	-	2	Flat
£165K	02/25	0.17 mi	The Hollies, Flat 26, Eccles Old Road, Salford M6 8AL	£2,538	65	2	Flat
£140K	07/25	0.24 mi	Flat 11, Woolston House, Moss Meadow Road, Salford M6 8PL	-	-	2	Flat
£126K	06/25	0.25 mi	Flat 6, Wardley House, Moss Meadow Road, Salford M6 8PJ	£1,969	64	2	Flat
£126K	06/25	0.25 mi	Flat 6, Wardley House, Moss Meadow Road, Salford M6 8PJ	-	-	2	Flat
£205K	08/22	0.26 mi	9, Orama Avenue, Salford, Greater Manchester M6 8LL	£2,440	84	2	Flat
£155K	02/23	0.28 mi	Flat 21, Knowles Court, Eccles Old Road, Salford, Greater Manchester M6 8ES	-	-	2	Flat
£151K	12/23	0.29 mi	Victoria House, Flat 17, Victoria Road, Salford, Greater Manchester M6 8LF	£2,475	61	2	Flat
£162K	11/21	0.3 mi	4, Dante Close, Eccles, Manchester, Greater Manchester M30 9DT	£2,746	59	2	Flat
£171.8K	07/22	0.34 mi	Flat 13, Portland House, Eccles Old Road, Salford, Greater Manchester M6 8HJ	-	-	2	Flat
£182K	09/23	0.35 mi	Flat 3, Portland House, Eccles Old Road, Salford, Greater Manchester M6 8HJ	-	-	2	Flat
£113.5K	09/24	0.35 mi	24, Harvard Grove, Salford M6 8GT	£2,415	47	2	Flat
£152K	07/23	0.35 mi	17, Princeton Close, Salford, Greater Manchester M6 8QL	£3,234	47	2	Flat
£130K	10/23	0.35 mi	25, Princeton Close, Salford, Greater Manchester M6 8QL	£2,642	49	2	Flat
£134K	08/23	0.36 mi	11, Whitby Avenue, Salford, Greater Manchester M6 8BW	£1,914	70	2	Flat
£152K	08/22	0.36 mi	14, Whitby Avenue, Salford, Greater Manchester M6 8BW	-	-	2	Flat
£135K	04/23	0.37 mi	Flat 52, Rivington, Cholmondeley Road, Salford, Greater Manchester M6 8QH	-	-	2	Flat
£117K	02/23	0.37 mi	Flat 31, Rivington, Cholmondeley Road, Salford, Greater Manchester M6 8QH	-	-	2	Flat
£140K	05/23	0.37 mi	Flat 42, Rivington, Cholmondeley Road, Salford, Greater Manchester M6 8QH	-	-	2	Flat
£105K	06/21	0.37 mi	Flat 22, Rivington, Cholmondeley Road, Salford, Greater Manchester M6 8QH	-	-	2	Flat
£122.5K	03/23	0.37 mi	Flat 59, Rivington, Cholmondeley Road, Salford, Greater Manchester M6 8QH	-	-	2	Flat
£147K	11/22	0.37 mi	Flat 28, Rivington, Cholmondeley Road, Salford, Greater Manchester M6 8QH	-	-	2	Flat
£140K	07/22	0.37 mi	Flat 10, Rivington, Cholmondeley Road, Salford, Greater Manchester M6 8QH	-	-	2	Flat
£138.5K	11/21	0.52 mi	3, Wortley Avenue, Salford, Greater Manchester M6 8DB	£2,164	64	2	Flat
£126K	02/25	0.56 mi	Friars Court, Flat 42, Canterbury Gardens, Salford M5 5AH	£1,775	71	2	Flat
£135K	08/24	0.56 mi	41, Pinhigh Place, Salford M6 8ND	£1,800	75	2	Flat
£145K	12/24	0.56 mi	59, Pinhigh Place, Salford M6 8ND	£2,417	60	2	Flat
£136.9K	12/24	0.56 mi	37, Pinhigh Place, Salford M6 8ND	£2,403	57	2	Flat
£133K	09/21	0.57 mi	6, Pinhigh Place, Salford, Greater Manchester M6 8ND	£2,180	61	2	Flat
£150K	06/24	0.57 mi	22, Pinhigh Place, Salford, Greater Manchester M6 8ND	£2,344	64	2	Flat
£150K	03/23	0.57 mi	7, Pinhigh Place, Salford, Greater Manchester M6 8ND	£1,794	84	2	Flat
£133K	02/24	0.57 mi	9, Pinhigh Place, Salford, Greater Manchester M6 8ND	£2,660	50	2	Flat
£130K	09/21	0.57 mi	61, Pinhigh Place, Salford, Greater Manchester M6 8ND	£2,281	57	2	Flat
£116K	10/21	0.57 mi	12, Pinhigh Place, Salford, Greater Manchester M6 8ND	£1,785	65	2	Flat
£124K	11/21	0.57 mi	42, Pinhigh Place, Salford, Greater Manchester M6 8ND	£2,322	53	2	Flat
£122K	09/21	0.57 mi	1, Pinhigh Place, Salford, Greater Manchester M6 8ND	£2,302	53	2	Flat
£136K	05/22	0.57 mi	3, Pinhigh Place, Salford, Greater Manchester M6 8ND	£2,175	63	2	Flat
£145K	03/24	0.58 mi	21, Pinhigh Place, Salford M6 8ND	£2,377	61	2	Flat
£152K	04/22	0.58 mi	57, Pinhigh Place, Salford, Greater Manchester M6 8ND	£2,303	66	2	Flat
£137K	11/22	0.59 mi	33, Pinhigh Place, Salford, Greater Manchester M6 8ND	£2,491	55	2	Flat
£92K	05/23	0.6 mi	Flat 32, Reeves Court, Canterbury Gardens, Salford, Greater Manchester M5 5AE	-	-	2	Flat
£150K	06/24	0.6 mi	22, Pinhigh Place, Salford M6 8ND	£2,344	64	2	Flat
£130K	01/25	0.6 mi	16, Pinhigh Place, Salford M6 8ND	£2,549	51	2	Flat
£130K	01/25	0.6 mi	16, Pinhigh Place, Salford M6 8ND	-	-	2	Flat

Local Rents

50 rents from £600/mo to £1.3K/mo, average is £950/mo.

Rent	Date	Distance	Address	Beds	Type
£695	08/25	0.02 mi	Heathfields, Lancaster Road, Salford	2	Flat
£900	06/24	0.03 mi	Heathfields, Lancaster Road, Salford	2	Flat
£725	07/25	0.04 mi	Heathfields, Salford	2	Flat
£1,150	03/25	0.05 mi	-	2	Terraced House
£1,000	11/25	0.06 mi	Heathfields, Lancaster Road, Salford, M6	2	Flat
£895	08/25	0.07 mi	Lancaster Road, Salford, M6	2	Flat
£900	05/24	0.12 mi	Voltaire Avenue, Salford, M6	2	Flat
£695	07/25	0.13 mi	Graham Road, Salford	2	Terraced House
£895	08/25	0.14 mi	Graham Road, Salford, M6	2	Flat
£850	08/25	0.14 mi	Hayfield Road, Salford	2	Terraced House
£1,100	02/25	0.14 mi	-	2	Flat
£1,150	11/25	0.15 mi	-	2	Terraced House
£1,250	07/25	0.16 mi	Light Oaks Road, Salford, M6	2	Terraced House
£1,250	06/25	0.17 mi	Light Oaks Road, Salford	2	Terraced House
£1,275	02/25	0.18 mi	-	2	Terraced House
£795	08/25	0.19 mi	Hayfield Road, Salford	2	Flat
£1,100	07/25	0.19 mi	Hayfield Road, Salford	2	Terraced House
£1,100	10/25	0.19 mi	Hayfield Road, Salford	2	Terraced House
£950	10/25	0.2 mi	-	2	Flat
£950	10/25	0.2 mi	-	2	Flat
£950	05/25	0.2 mi	Gloucester Road, Salford, M6	2	Flat
£950	07/25	0.2 mi	Gloucester Road, Salford, M6	2	Flat
£950	09/25	0.2 mi	Gloucester Road, Salford, M6	2	Flat
£1,100	08/25	0.21 mi	-	2	Flat
£900	11/25	0.21 mi	Fairhope Court, 3 Fairhope Avenue, Salford, M6	2	Flat
£600	08/25	0.22 mi	The Hollies, Eccles Old Road, Salford	2	Flat
£900	06/24	0.22 mi	-	2	Flat
£1,000	08/25	0.22 mi	The Hollies, 216-218 Eccles Old Road, Salford, Greater Manchester, M6	2	Flat
£900	09/25	0.24 mi	216-218 Eccles Old Road, Salford, M6	2	Flat
£900	11/25	0.24 mi	216-218 Eccles Old Road, Salford, M6	2	Flat
£850	08/25	0.24 mi	The Hollies, Eccles Old Road, Salford	2	Flat
£975	07/25	0.24 mi	The Hollies, Eccles Old Road, Salford	2	Flat
£1,100	08/25	0.24 mi	-	2	Flat
£950	06/25	0.26 mi	Eccles Old Road, Salford, Greater Manchester, M6	2	Flat
£950	07/25	0.26 mi	Eccles Old Road, Salford, Greater Manchester, M6	2	Flat
£1,100	11/25	0.27 mi	Cholmondeley Road, Salford	2	Flat
£950	05/24	0.29 mi	30 Park Road Salford Greater Manchester	2	Flat
£895	11/25	0.29 mi	30 Park Road Salford Greater Manchester	2	Flat
£795	10/25	0.29 mi	Flat 6 30 Park Road	2	Flat
£825	08/25	0.3 mi	Pin High Place, Salford, Manchester, M6	2	Flat
£925	06/24	0.3 mi	Pinhigh Place, Salford, M6	2	Flat
£650	08/25	0.3 mi	48 Park Road, Eccles, Manchester, M6	2	Flat
£950	05/24	0.3 mi	Eccles Old Road, Salford, Greater Manchester, M6	2	Flat
£1,035	06/24	0.31 mi	-	2	Flat
£1,035	06/24	0.31 mi	Hillcrest, Salford, M6	2	Flat
£1,035	06/24	0.31 mi	Hillcrest, Salford, M6	2	Flat
£995	10/25	0.31 mi	-	2	Flat
£995	10/25	0.31 mi	Park Road, Salford, M6	2	Flat
£1,100	09/25	0.31 mi	Brookfield Avenue, Salford, Greater Manchester, M6	2	Semi-Detached House
£995	01/25	0.31 mi	-	2	Flat

Local Area Statistics

Population in M6	31,26831,268
Population in Salford	88,69788,697
Town centre distance	1.10 miles away1.10 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.68 miles away0.68 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+10%+10%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+22%+22%

Property History

Listed for £150,000

October 23, 2024

Sold for £52,050

1998

Sold for £50,950

1995

Floor Plans

Description

First Floor Apartment +
2 Bedrooms +
Resident Parking +
Communal Gardens +
Close to Local Amenities & Commuter Links +
Modern Development +

Discover this generously sized first-floor apartment, available with NO ONWARD CHAIN! This welcoming space features a separate kitchen and living room, perfect for comfortable living.

The apartment comprises two bedrooms: a spacious double with fitted wardrobes and a cosy single room, both carpeted for added warmth. The bright living area is inviting and spacious, providing an ideal setting for relaxation and entertainment.

Step into the well-equipped kitchen, which includes an electric cooker, fridge freezer, and washing machine, ensuring all your culinary needs are met. The property also boasts a three-piece bathroom with an overhead shower.

Don’t miss the opportunity to make this charming apartment your new home!

Agent Details

Thornley Groves, Monton

0161 524 9345

Next Steps?

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

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