3 Bed Flat, Single Let, Salford, M5 5AD, £150,000

Canterbury Gardens, Salford, Greater Manchester, M5 5AD - 5 views - 4 months ago

Leasehold
BTL
ROI: 13%
~93 m²
+8 photos

ValuationUndervalued











Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£37,500

Stamp Duty & Legal Fees

£5,700

Total Cash In

£43,200

 

 

Cash Out

 

Rent Range

£1,100 - £3,900

Rent Estimate

£1,200

Running Costs/mo

£729

Cashflow/mo

£471

Cashflow/yr

£5,655

ROI

13%

Gross Yield

10%













Local Rents

17 rents from £1.1K/mo to £3.9K/mo, average is £1.5K/mo.

RentDateDistanceAddressBeds 
£1,35001/250.05 mi-3
£1,10005/240.07 mi-3
£1,25006/240.09 miLadywell Point, Pilgrims Way, Salford, M503
£1,49505/240.09 miLadywell Point, Pilgrims Way, Salford, M50 1AW3
£1,20005/240.09 miCanterbury Gardens, Salford3
£1,20005/240.09 miLadywell Point, Pilgrims Way, Manchester, Greater Manchester, M503
£1,40005/240.13 miPilgrims Way, Salford, Greater Manchester, M503
£2,00012/240.2 mi-3
£2,00006/240.2 miTrafalgar Road, Salford, M63
£3,90005/240.33 mi-3
£1,20005/240.37 miWellington Road, Manchester3
£1,35003/250.42 mi-3
£2,00005/240.54 mi-3
£1,59012/240.56 mi-3
£1,50010/240.57 mi-3
£1,70005/240.58 miLancaster Road, Salford3
£1,75005/240.62 miWestminster House, Ellesmere Road, Ellesmere Park, Manchester3

Local Area Statistics

Population in M5

14,445

Population in Salford

88,697

Town centre distance

1.70 miles away

Nearest school

0.10 miles away

Nearest train station

0.08 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+35%

Sales demand

Buyer's market

Capital growth (5yrs)

+6%

Property History

Listed for £150,000

November 6, 2024

Sold for £108,500

2022

Sold for £79,000

2015

Floor Plans

Description

Welcome to this immaculate top-floor flat that is now for sale. This delightful property boasts a generous layout with three bedrooms, one reception room, and one modern kitchen. It's a perfect space to make your own and call home.

At the heart of the flat is a spacious reception room, filled with natural light and offering tranquil views of the communal gardens. It's an ideal place to relax or entertain. The kitchen is a contemporary space, fitted with modern appliances including a washing machine, tumble dryer, and fridge freezer.

Sleeping accommodation includes two double bedrooms and a spacious single bedroom. These rooms offer peaceful retreats after a busy day and are each flooded with natural light. The bathroom is a haven of relaxation with a free-standing bath, heated towel rail, vanity wash basin, and fully tiled walls and floor.

The flat is situated in a prime location with a tram stop across the road, easy access to Manchester, and the vibrant Salford Quays close by. It's also next to Eccles Town Centre and near to schools and parks, making it ideal for families, professionals, or investors.

Additional benefits include a communal car park, communal gardens, underfloor heating in the bathroom and kitchen and an EPC rating of C. The property is also in council tax band A.

This is a fantastic opportunity to purchase a flat in a desirable location with excellent transport links. Don't miss out on the chance to acquire this wonderful property.

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 every case.

SAF240388/2

Agent Details

Reeds Rains, Salford

0161 524 9343

Next Steps?

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