4 Bed Semi-Detached House, Single Let, Salford, M6 5NQ, £375,000

Seedley Road, Salford, Greater Manchester, M6 5NQ - 2 views - 5 months ago

Sold STC
BTL
~129 m²
+6 photos

ValuationOvervalued

Sold Prices£90K - £670K
Sold Prices/m²£700/m² - £5.1K/m²

 

 

Square Metres

~129.26 m²
Price/m²£2.9K/m²

Value Estimate

£308,674

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£93,750

Stamp Duty & Legal Fees

£20,700

Total Cash In

£114,450

 

 

Cash Out

 

Rent Range

£1,150 - £4,246

Rent Estimate

£1,200

Running Costs/mo

£1,432

Cashflow/mo

£-232

Cashflow/yr

£-2,782

Gross Yield

4%

Local Sold Prices

44 sold prices from £90K to £670K, average is £306.9K. £700/m² to £5.1K/m², average is £2.4K/m².

PriceDateDistanceAddressBeds 
£258.8K02/210.06 mi97, Lower Seedley Road, Salford, Greater Manchester M6 5NG4
£270K10/210.06 mi103, Lower Seedley Road, Salford, Greater Manchester M6 5NG4
£326K08/240.2 mi15, Seedley View Road, Salford, Greater Manchester M6 5WS4
£146K03/210.23 mi4, Highfield Road, Salford, Greater Manchester M6 5JZ4
£272.4K02/220.3 mi2, Gore Crescent, Salford, Greater Manchester M5 5NU4
£358.5K03/210.3 mi9, Chaplin Close, Salford, Greater Manchester M6 8FW4
£296.9K10/200.31 mi1, Keystone Close, Salford, Greater Manchester M6 8EP4
£235K01/210.32 mi115, Seedley Park Road, Salford, Greater Manchester M6 5WU4
£195K04/210.36 mi6, Rosehill Close, Salford, Greater Manchester M6 5JN4
£255K10/200.37 mi7, Peveril Road, Salford, Greater Manchester M5 5LN4
£250K06/210.38 mi12, Josslyn Road, Salford, Greater Manchester M5 5LQ4
£240K09/210.39 mi1, Kensington Drive, Salford, Greater Manchester M5 5LS4
£310K11/210.44 mi50, Gore Crescent, Salford, Greater Manchester M5 5EZ4
£310K11/210.44 mi50, Gore Crescent, Salford, Greater Manchester M5 5EZ4
£320K03/220.49 mi151, Weaste Lane, Salford, Greater Manchester M5 5JE4
£368K03/210.56 mi27, Trenant Road, Salford, Greater Manchester M6 7ES4
£203.5K11/210.58 mi3, My Street, Salford, Greater Manchester M5 5GA4
£480K06/210.61 mi30, Lullington Road, Salford, Greater Manchester M6 8QP4
£328.5K11/200.64 mi73, Doveleys Road, Salford, Greater Manchester M6 8GN4
£400K11/230.66 mi156, Claremont Road, Salford, Greater Manchester M6 8QG4
£230K04/210.66 mi29, Moorfield Road, Salford, Greater Manchester M6 7EY4
£353K10/200.67 mi96, Doveleys Road, Salford, Greater Manchester M6 8QW4
£367.5K10/200.69 mi7, Woodfield Road, Salford, Greater Manchester M6 7QE4
£342.5K01/210.7 mi9, Ellastone Road, Salford, Greater Manchester M6 8QR4
£430K12/200.72 mi57, Acresfield Road, Salford, Greater Manchester M6 7GE4
£240K06/230.72 mi9, Normanton Avenue, Salford, Greater Manchester M6 8BS4
£425K06/230.72 mi69, Acresfield Road, Salford, Greater Manchester M6 7GE4
£252K09/210.73 mi6, Acresfield Road, Salford, Greater Manchester M6 7QU4
£215K04/210.74 mi18, Sumner Road, Salford, Greater Manchester M6 7QH4
£200K05/220.74 mi15, Ewart Avenue, Salford, Greater Manchester M5 4HN4
£378.5K09/210.75 mi5, Glenfyne Road, Salford, Greater Manchester M6 7GF4
£300K12/200.76 mi93, Claremont Road, Salford, Greater Manchester M6 7QF4
£370.6K04/210.76 mi98, Claremont Road, Salford, Greater Manchester M6 7QF4
£241.5K05/230.76 mi137, Eccles Old Road, Salford, Greater Manchester M6 8BH4
£265K11/220.78 mi16, Penelope Road, Salford, Greater Manchester M6 7GH4
£570K12/200.79 mi125, Light Oaks Road, Salford, Greater Manchester M6 8WL4
£570K12/200.79 mi125, Light Oaks Road, Salford, Greater Manchester M6 8WL4
£670K02/230.79 mi125, Light Oaks Road, Salford, Greater Manchester M6 8WL4
£465K09/220.79 mi121, Light Oaks Road, Salford, Greater Manchester M6 8WL4
£200K05/230.8 mi6, Chevron Close, Salford, Greater Manchester M6 5AA4
£90K09/230.86 mi34, Cholmondeley Road, Salford, Greater Manchester M6 8NH4
£321K12/220.89 mi97, Light Oaks Road, Salford, Greater Manchester M6 8WP4
£303.8K05/210.94 mi15, Moorville Road, Salford, Greater Manchester M6 8NP4
£372K11/200.98 mi14, Lancaster Road, Salford, Greater Manchester M6 8AN4

Local Rents

51 rents from £1.1K/mo to £4.2K/mo, average is £1.7K/mo.

RentDateDistanceAddressBeds 
£1,39505/240.07 miEdumnd Street, Salford M63
£1,90006/240.09 mi-3
£1,60006/240.09 mi-3
£1,60003/250.09 mi-3
£1,80005/240.1 mi-5
£1,80005/240.1 miSalford, Manchester, M65
£1,80002/250.1 mi-5
£1,20005/240.1 miGreenbank Road, Langworthy, Salford, M63
£1,30005/240.1 miGreenbank Road, Salford, Greater Manchester, M63
£1,90005/240.15 miGrange Street, Salford, M64
£1,69506/240.15 mi-3
£3,47503/250.15 mi-5
£2,70005/240.16 miKeswick Grove, Salford, M64
£2,70005/240.16 miKeswick Grove, Salford, M64
£1,45002/240.16 mi-4
£3,03405/240.17 miGrange Street, Salford4
£1,15005/240.17 miGrange Street, Salford3
£1,47505/240.17 miSpringwell Close, Salford, M63
£1,69502/250.2 mi-3
£1,45001/250.2 mi-3
£4,24605/240.2 miSeedley Park Road, Salford7
£1,75505/240.2 miOsborne Street, Salford, M6 5LG3
£3,20003/250.2 mi-4
£3,62505/240.23 miHighfield Road, Salford M65
£1,90505/240.27 miLyndhurst Street, Salford, M63
£1,90505/240.27 miLyndhurst Street, Salford, M63
£1,56002/240.28 mi-3
£1,65012/240.28 mi-3
£1,20002/240.28 mi-3
£1,50006/240.28 mi-3
£1,60002/250.28 mi-3
£1,65003/250.29 mi-4
£1,19505/240.3 miCastleway, Salford3
£1,65006/240.3 mi-3
£1,65005/240.3 miChaplin Close, Manchester, M63
£1,80005/240.3 miWythburn Street, Pendleton, Salford, M63
£1,40012/240.31 mi-3
£1,20003/250.31 mi-3
£1,35003/250.32 mi-3
£1,42502/240.32 mi-3
£4,24605/240.32 miSeedley Park Road, M67
£2,25305/240.32 miSeedley Park Road, Salford, M64
£4,24605/240.32 miSeedley Park Road, M67
£1,55005/240.33 miNansen Street, Salford, Manchester3
£1,60012/240.34 mi-3
£1,45003/250.34 mi-3
£1,75012/240.35 mi-3
£2,20005/240.36 mi-3
£2,00006/240.36 mi-3
£2,40005/240.37 miLiverpool Street., Weaste, Salford, M64
£2,64505/240.37 miLiverpool Street, Weaste, Salford, M64

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

0.60 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+32%

Sales demand

Seller's market

Capital growth (5yrs)

+58%

Property History

Price changed to £375,000

December 10, 2024

Listed for £400,000

November 15, 2024

Floor Plans

Description

  • Block of FOUR FLATS +
  • To be sold tenanted +
  • Each flat £772 per month NOT including bills +
  • Total annual income £37,000 +
  • Potential NET yield 9.25% +
  • Facing Buile Hill Park +
  • Close to Salford Quays +
  • Easy access to Manchester +

For sale is this semi detached property that has been converted into 4 self contained flats offering a fantastic opportunity for those looking to add to their portfolio or begin their first investment venture. Currently achieving £37,000 per annum and NOT including bills gives a potential NET yield of 9.25%. As the property is currently at full occupancy it is as easy as complete and start earning money.

Each 1 bedroom flat also offers a spacious living area creating a warm and inviting space to relax alone or with friends, a fitted kitchen to create culinary master pieces and a private bathroom. Two of the flats also offer brilliant views over Buile Hill Park and there is also a good sized communal rear courtyard for any summer days preferred to be spent outside.

Located in an area with excellent public transport links including close to Langworthy Tram Stop, nearby schools, local amenities, and parks, as well as being close to Salford Quays and providing easy access to Manchester this property is ideally situated to entice any potential tenant to rent one of the comfortable flats.

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.

SAF240337/2

Agent Details

Reeds Rains, Salford

0161 524 9343

Next Steps?

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