2 Bed Flat, Single Let, Salford, M6 8HF, £130,000

Devon Close, Salford, M6 8HF - 5 months ago

Under Offer
BTL
ROI: 9%
~68 m²
+3 photos

ValuationUndervalued

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

 

 

Square Metres

~68.11 m²
Price/m²£1.9K/m²

Value Estimate

£148,238
BMV14%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£32,500

Stamp Duty & Legal Fees

£7,700

Total Cash In

£40,200

 

 

Cash Out

 

Rent Range

£900 - £3,622

Rent Estimate

£900

Running Costs/mo

£606

Cashflow/mo

£294

Cashflow/yr

£3,525

ROI

9%

Gross Yield

8%

Local Sold Prices

50 sold prices from £92K to £205K, average is £125.5K. £205/m² to £3.2K/m², average is £2.2K/m².

PriceDateDistanceAddressBeds 
£182K09/230.08 miFlat 3, Portland House, Eccles Old Road, Salford, Greater Manchester M6 8HJ2
£171.8K07/220.08 miFlat 13, Portland House, Eccles Old Road, Salford, Greater Manchester M6 8HJ2
£155K02/230.11 miFlat 21, Knowles Court, Eccles Old Road, Salford, Greater Manchester M6 8ES2
£120K10/230.24 miSquires Court, Flat 7, Canterbury Gardens, Salford, Greater Manchester M5 5AD2
£92K05/230.24 miFlat 32, Reeves Court, Canterbury Gardens, Salford, Greater Manchester M5 5AE2
£120.3K07/210.24 miFlat 52, Knights Court, Canterbury Gardens, Salford, Greater Manchester M5 5AB2
£126K12/220.24 miFlat 16, Knights Court, Canterbury Gardens, Salford, Greater Manchester M5 5AB2
£127.5K01/240.24 miFlat 48, Knights Court, Canterbury Gardens, Salford, Greater Manchester M5 5AB2
£108.5K03/230.29 mi18, Ennismore Avenue, Eccles, Manchester, Greater Manchester M30 0AQ2
£122.5K12/210.31 miApartment 229, Ladywell Point, Pilgrims Way, Salford, Greater Manchester M50 1AZ2
£134K09/230.31 miApartment 196, Ladywell Point, Pilgrims Way, Salford, Greater Manchester M50 1AZ2
£110K06/210.38 miFlat 8, Thirkhill Place, Clarendon Road, Eccles, Manchester, Greater Manchester M30 9AA2
£115.5K06/210.38 miFlat 4, Thirkhill Place, Clarendon Road, Eccles, Manchester, Greater Manchester M30 9AA2
£115K04/210.38 miApartment 64, Ladywell Point, Pilgrims Way, Salford, Greater Manchester M50 1AU2
£105K10/200.38 miApartment 55, Ladywell Point, Pilgrims Way, Salford, Greater Manchester M50 1AU2
£108K02/210.39 miApartment 118, Ladywell Point, Pilgrims Way, Salford, Greater Manchester M50 1AW2
£162K11/210.39 mi4, Dante Close, Eccles, Manchester, Greater Manchester M30 9DT2
£142K11/200.39 mi8, Dante Close, Eccles, Manchester, Greater Manchester M30 9DT2
£130K03/210.41 mi74, Lancaster Road, Salford, Greater Manchester M6 8AW2
£121K10/210.41 miFlat 20, Cranford House, Half Edge Lane, Eccles, Manchester, Greater Manchester M30 9GT2
£160K03/210.41 miFlat 14, Cranford House, Half Edge Lane, Eccles, Manchester, Greater Manchester M30 9GT2
£134K08/230.41 mi11, Whitby Avenue, Salford, Greater Manchester M6 8BW2
£152K08/220.41 mi14, Whitby Avenue, Salford, Greater Manchester M6 8BW2
£151K12/230.43 miVictoria House, Flat 17, Victoria Road, Salford, Greater Manchester M6 8LF2
£205K08/220.47 mi9, Orama Avenue, Salford, Greater Manchester M6 8LL2
£120K12/200.57 mi37, Little Bolton Terrace, Salford, Greater Manchester M5 5BD2
£120K11/200.57 mi43, Little Bolton Terrace, Salford, Greater Manchester M5 5BD2
£120K03/210.57 mi28, Little Bolton Terrace, Salford, Greater Manchester M5 5BD2
£125K12/200.57 mi46, Little Bolton Terrace, Salford, Greater Manchester M5 5BD2
£115K03/210.57 mi31, Little Bolton Terrace, Salford, Greater Manchester M5 5BD2
£113K10/210.57 mi39, Little Bolton Terrace, Salford, Greater Manchester M5 5BD2
£110K04/210.57 mi52, Little Bolton Terrace, Salford, Greater Manchester M5 5BD2
£135K11/220.57 mi78, Little Bolton Terrace, Salford, Greater Manchester M5 5BD2
£140K10/220.57 mi11, Little Bolton Terrace, Salford, Greater Manchester M5 5BD2
£138.5K11/210.62 mi3, Wortley Avenue, Salford, Greater Manchester M6 8DB2
£145K05/210.62 miFlat 2, Priory Court, Abbey Grove, Eccles, Manchester, Greater Manchester M30 9QN2
£152K07/230.63 mi17, Princeton Close, Salford, Greater Manchester M6 8QL2
£130K10/230.63 mi25, Princeton Close, Salford, Greater Manchester M6 8QL2
£120.5K11/220.7 mi19, Eccles Fold, Eccles, Manchester, Greater Manchester M30 0NT2
£117K11/220.7 mi58, Eccles Fold, Eccles, Manchester, Greater Manchester M30 0NT2
£128K12/230.7 mi56, Eccles Fold, Eccles, Manchester, Greater Manchester M30 0NT2
£125K11/200.72 miFlat 11, Riddell Court, Sheader Drive, Salford, Greater Manchester M5 5BW2
£155K12/220.73 miFlat 24, Riddell Court, Sheader Drive, Salford, Greater Manchester M5 5BW2
£135K04/230.74 miFlat 52, Rivington, Cholmondeley Road, Salford, Greater Manchester M6 8QH2
£117K02/230.74 miFlat 31, Rivington, Cholmondeley Road, Salford, Greater Manchester M6 8QH2
£140K05/230.74 miFlat 42, Rivington, Cholmondeley Road, Salford, Greater Manchester M6 8QH2
£109K10/200.74 miFlat 5, Rivington, Cholmondeley Road, Salford, Greater Manchester M6 8QH2
£105K06/210.74 miFlat 22, Rivington, Cholmondeley Road, Salford, Greater Manchester M6 8QH2
£122.5K03/230.74 miFlat 59, Rivington, Cholmondeley Road, Salford, Greater Manchester M6 8QH2
£147K11/220.74 miFlat 28, Rivington, Cholmondeley Road, Salford, Greater Manchester M6 8QH2

Local Rents

50 rents from £900/mo to £3.6K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£92505/240.08 miPortland House, Eccles Old Road, Salford, Greater Manchester, M62
£95005/240.09 miEccles Old Road, Salford, Greater Manchester, M62
£1,03506/240.17 mi-2
£1,03506/240.17 miHillcrest, Salford, M62
£1,03506/240.17 miHillcrest, Salford, M62
£90005/240.17 mi-2
£99501/250.18 mi-2
£95005/240.21 mi30 Park Road Salford Greater Manchester2
£90012/240.24 mi-2
£1,40005/240.26 mi-2
£1,45001/250.26 mi-2
£1,40005/240.26 miKnights Court, Salford, M52
£99905/240.27 mi-2
£1,07505/240.27 mi-2
£1,10002/250.28 mi-2
£1,20003/250.28 mi-2
£90005/240.31 miVoltaire Avenue, Salford, M62
£1,05002/240.31 mi-2
£1,00006/240.31 mi-2
£1,20005/240.31 miLadywell Point Block B, Manchester, M502
£1,15005/240.31 miLadywell Point Block B, Salford Quays2
£97506/240.31 miPilgrims Way, Salford2
£97503/250.33 mi-2
£1,05005/240.33 mi-2
£1,05005/240.33 miLadywell Point, Salford, M502
£90005/240.33 mi-2
£90006/240.33 mi-2
£95006/240.33 mi-2
£90005/240.33 miElysian Fields, Salford, M62
£90005/240.33 miElysian Fields, Salford, M62
£1,30002/250.33 mi-2
£1,20012/240.34 mi-2
£1,05012/240.34 miLadywell Point, Eccles New Rd, M502
£1,05005/240.35 miPilgrims Way, Salford, M502
£95005/240.35 miPilgrims Way, Salford, M502
£1,10006/240.35 miPilgrims Way, Salford, M502
£1,10005/240.35 miLadywell Point Block B, Pilgrims Way, Salford2
£1,15001/250.35 mi-2
£92503/250.36 mi-2
£1,10005/240.36 mi-2
£1,10003/250.36 mi-2
£1,10005/240.36 miLadywell Point, Salford, M502
£99505/240.37 miPilgrims Way, Salford, M502
£3,62205/240.38 mi-2
£3,62212/240.38 mi-2
£1,10002/250.38 mi-2
£1,05002/250.38 mi-2
£1,15005/240.38 miLadywell Point, Salford, M50 1AU2
£1,15003/250.38 mi-2
£1,10005/240.38 miLadywell Point, Pilgrims Way, Salford2

Local Area Statistics

Population in M6

31,268

Population in Salford

88,697

Town centre distance

1.49 miles away

Nearest school

0.30 miles away

Nearest train station

0.30 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+32%

Sales demand

Seller's market

Capital growth (5yrs)

+58%

Property History

Listed for £130,000

November 7, 2024

Description

  • Buy-to-Let Opportunity +
  • Long Term Tenant Currently Situated +
  • Likely to attract enquiries from Serious Investors & Developers +
  • Spacious room +
  • Modern Bathroom +
  • INVESTMENT POTENTIAL DETAILED BELOW (Let Property Pack) +

Our latest listing is a 2 bedroom flat located in Salford. It is in close proximity to valuable amenities, is able to generate rewarding rental returns and has a tenant currently situated.

For investors looking to expand their portfolio, this is a fantastic opportunity!

This well-kept home features 2 bedrooms, lounge, kitchen and bathroom.

Investment details

It currently produces an annual gross income of £14,400 with long term tenants currently situated. Considering the purchase price, this will make for a worthwhile addition to an investors property portfolio.

For greater detail on this property's investment potential, please see the Let Property Pack linked below.

If you are interested, please call us.

Tenancy Details

The current tenants have lived in the property for several years and have consistently paid their rent for the duration of their stay. They do not have any intentions to move out so hope to remain in the property.

Let Property Sales are committed to facilitating a smooth transaction process and to allow for maximum commitment to the sale from both parties, a fully refundable buyers premium may apply to secure a property. This amount is not an additional cost and is refunded in the event of non completion.

Agent Details

Let Property Sales & Management, Glasgow

0141 673 7973

Next Steps?

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