3 Bed Flat, Single Let, Salford, M5 5AD, £140,000

SQUIRES COURT Canterbury Gardens, Salford, Greater Manchester, M5 5AD - 3 views - 4 months ago

Sold STC
Leasehold
BTL
ROI: 15%
73 m²
+5 photos

ValuationUndervalued











Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£35,000

Stamp Duty & Legal Fees

£5,400

Total Cash In

£40,400

 

 

Cash Out

 

Rent Range

£1,100 - £3,900

Rent Estimate

£1,200

Running Costs/mo

£697

Cashflow/mo

£503

Cashflow/yr

£6,036

ROI

15%

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
£1,10005/240.06 mi-3
£1,25006/240.08 miLadywell Point, Pilgrims Way, Salford, M503
£1,49505/240.08 miLadywell Point, Pilgrims Way, Salford, M50 1AW3
£1,20005/240.09 miLadywell Point, Pilgrims Way, Manchester, Greater Manchester, M503
£1,20005/240.09 miCanterbury Gardens, Salford3
£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
£1,35003/250.43 mi-3
£2,00005/240.55 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

0.07 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+35%

Sales demand

Buyer's market

Capital growth (5yrs)

+6%

Property History

Listed for £140,000

November 15, 2024

Sold for £95,000

2016

Floor Plans

Description

  • Spacious Three Bedroom Top Floor Apartment +
  • Located on the Popular Canterbury Gardens Development +
  • Boasting Three Generously-Sized Bedrooms +
  • Stylish Three-Piece Bathroom +
  • Well-Maintained Communal Gardens +
  • Communal Parking and Secure Intercom Access +
  • Just a Short Walk from Salford Royal Hospital and Eccles Town Centre +
  • A Stone’s Throw from Ladywell Tram Stop, which Provides Direct Access into Salford Quays, Media City and Manchester City Centre +

Just a Stone’s Throw from Ladywell Tram Stop and Salford Royal Hospital TAKE A LOOK at this SPACIOUS three bedroom top floor apartment! Tastefully decorated throughout and benefitting from a popular location! As you enter the property you head into a welcoming entrance hallway. From here, you will find three generously sized bedrooms, the large lounge diner, fitted kitchen and a stylish three-piece bathroom. The property benefits from secure intercom access, well-maintained communal gardens and communal parking. Properties in this location are popular due to the close vicinity to Salford Royal Hospital and Eccles Town Centre – which provides a wide range of amenities, including pubs, shops and restaurants. It is also just a stone’s throw from Ladywell Tram Stop, which provides direct access into Salford Quays, Media City and Manchester City Centre. It would be a great first time home – get in touch to secure your viewing today!

EPC Rating: C

Agent Details

Hills, Eccles

0161 707 4900

Next Steps?

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