2 Bed Flat, Refurb/BRRR, Salford, M7 1ZN, £125,000





ValuationFair Value
Investment Opportunity
Cash In | |
Purchase Finance | Bridging LoanBridging Loan |
Deposit (25%) | £31,250£31,250 |
Stamp Duty & Legal Fees | £4,950£4,950 |
Refurb Costs | £24,026£24,026 |
Bridging Loan Interest | £3,281£3,281 |
Total Cash In | £65,257£65,257 |
| |
Cash Out | |
Monetisation | FlipRefinance & RentRefinance & Rent |
Revaluation | £145,853£145,853 |
Mortgage (After Refinance) | £109,390£109,390 |
Mortgage LTV | 75%75% |
Cash Released | £15,640£15,640 |
Cash Left In | £49,617£49,617 |
Equity | £36,463£36,463 |
Rent Range | £589 - £2,400£589 - £2,400 |
Rent Estimate | £1,106 |
Running Costs/mo | £697£697 |
Cashflow/mo | £409£409 |
Cashflow/yr | £4,908£4,908 |
ROI | 8%8% |
Gross Yield | 11%11% |
Local Sold Prices
48 sold prices from £68.8K to £234K, average is £131.3K. £1.9K/m² to £3.8K/m², average is £2.6K/m².
Price | Date | Distance | Address | Price/m² | m² | Beds | Type | |
£160K | 09/22 | 0.42 mi | 6, St Albans Terrace, Manchester, Greater Manchester M8 8BZ | £2,462 | 65 | 2 | Flat | |
£120K | 01/23 | 0.43 mi | 3, Betula Grove, Salford, Greater Manchester M7 2AB | £1,905 | 63 | 2 | Flat | |
£156K | 02/23 | 0.45 mi | 59, Waterloo Road, Manchester, Greater Manchester M8 8BY | £2,261 | 69 | 2 | Flat | |
£100K | 03/21 | 0.62 mi | 76, Velour Close, Salford, Greater Manchester M3 6AP | - | - | 2 | Flat | |
£100K | 03/21 | 0.62 mi | 76, Velour Close, Salford, Greater Manchester M3 6AP | - | - | 2 | Flat | |
£110K | 09/21 | 0.62 mi | 44, Velour Close, Salford, Greater Manchester M3 6AP | - | - | 2 | Flat | |
£131K | 06/21 | 0.62 mi | 88, Velour Close, Salford, Greater Manchester M3 6AP | £2,569 | 51 | 2 | Flat | |
£95K | 07/22 | 0.65 mi | Apartment 804, City View, Highclere Avenue, Salford, Greater Manchester M7 4ZU | - | - | 2 | Flat | |
£68.8K | 11/20 | 0.66 mi | Apartment 605, City View, Highclere Avenue, Salford, Greater Manchester M7 4ZU | - | - | 2 | Flat | |
£80K | 09/23 | 0.66 mi | Apartment 1202, City View, Highclere Avenue, Salford, Greater Manchester M7 4ZU | - | - | 2 | Flat | |
£77.5K | 02/23 | 0.66 mi | Ground Floor Apartments G04, City View, Highclere Avenue, Salford, Greater Manchester M7 4ZU | - | - | 2 | Flat | |
£93K | 08/23 | 0.66 mi | Apartment 1304, City View, Highclere Avenue, Salford, Greater Manchester M7 4ZU | - | - | 2 | Flat | |
£108K | 07/23 | 0.67 mi | Flat 14, Grey Friar Court, Bridgewater Street, Salford, Greater Manchester M3 7LB | - | - | 2 | Flat | |
£132.5K | 03/21 | 0.68 mi | 1, Angora Drive, Salford, Greater Manchester M3 6AL | £2,704 | 49 | 2 | Flat | |
£120K | 09/21 | 0.7 mi | 36, Angora Drive, Salford, Greater Manchester M3 6AR | £2,596 | 46 | 2 | Flat | |
£125K | 12/22 | 0.7 mi | 65, Blackburn Street, Salford, Greater Manchester M3 6AS | £2,404 | 52 | 2 | Flat | |
£134K | 11/20 | 0.7 mi | 53, Blackburn Street, Salford, Greater Manchester M3 6AS | £2,792 | 48 | 2 | Flat | |
£125K | 10/20 | 0.7 mi | 59, Blackburn Street, Salford, Greater Manchester M3 6AS | £2,551 | 49 | 2 | Flat | |
£120K | 04/21 | 0.7 mi | 25, Chiffon Way, Salford, Greater Manchester M3 6AB | £2,308 | 52 | 2 | Flat | |
£130K | 02/21 | 0.73 mi | 11, Georgette Drive, Salford, Greater Manchester M3 7AF | £2,549 | 51 | 2 | Flat | |
£150K | 08/21 | 0.73 mi | 1, Georgette Drive, Salford, Greater Manchester M3 7AF | £2,703 | 55 | 2 | Flat | |
£107K | 10/20 | 0.73 mi | Flat 34, St. Davids Court, Sherborne Street, Manchester, Greater Manchester M8 8ND | - | - | 2 | Flat | |
£125.5K | 02/23 | 0.73 mi | Flat 100, St. Davids Court, Sherborne Street, Manchester, Greater Manchester M8 8NT | - | - | 2 | Flat | |
£178K | 09/21 | 0.74 mi | 36, Bridgewater Street, Salford, Greater Manchester M3 7AS | £3,787 | 47 | 2 | Flat | |
£105K | 06/21 | 0.74 mi | Flat 41, St. Davids Court, Sherborne Street, Manchester, Greater Manchester M8 8ND | - | - | 2 | Flat | |
£135K | 02/23 | 0.75 mi | 38, Calico Close, Salford, Greater Manchester M3 6AH | £2,455 | 55 | 2 | Flat | |
£125K | 08/21 | 0.75 mi | 44, Calico Close, Salford, Greater Manchester M3 6AH | £2,273 | 55 | 2 | Flat | |
£140K | 11/20 | 0.76 mi | 12, Twillbrook Drive, Salford, Greater Manchester M3 7AR | £2,656 | 53 | 2 | Flat | |
£166K | 01/23 | 0.77 mi | 57, Linen Court, Salford, Greater Manchester M3 6JG | £2,594 | 64 | 2 | Flat | |
£150K | 05/23 | 0.77 mi | 12, Twillbrook Drive, Salford, Greater Manchester M3 7AR | £2,846 | 53 | 2 | Flat | |
£131.5K | 11/20 | 0.77 mi | 66, Linen Court, Salford, Greater Manchester M3 6JG | £2,589 | 51 | 2 | Flat | |
£168K | 12/22 | 0.77 mi | 61, Linen Court, Salford, Greater Manchester M3 6JG | £2,597 | 65 | 2 | Flat | |
£170K | 05/23 | 0.77 mi | 17, Linen Court, Salford, Greater Manchester M3 6JG | £3,333 | 51 | 2 | Flat | |
£125.5K | 07/23 | 0.78 mi | Flat 82, St. Davids Court, Sherborne Street, Manchester, Greater Manchester M8 8NT | - | - | 2 | Flat | |
£167K | 03/21 | 0.84 mi | Flat 214, Canon Green Court, West King Street, Salford, Greater Manchester M3 7HA | - | - | 2 | Flat | |
£166K | 07/23 | 0.86 mi | 19, Lockett Gardens, Salford, Greater Manchester M3 6BJ | £2,721 | 61 | 2 | Flat | |
£166K | 07/23 | 0.86 mi | 19, Lockett Gardens, Salford, Greater Manchester M3 6BJ | £2,721 | 61 | 2 | Flat | |
£149K | 11/23 | 0.86 mi | Flat 16, Tower Grange, New Hall Road, Salford, Greater Manchester M7 4EL | - | - | 2 | Flat | |
£101K | 03/21 | 0.86 mi | Flat 2, Tower Grange, New Hall Road, Salford, Greater Manchester M7 4EL | - | - | 2 | Flat | |
£125K | 09/22 | 0.87 mi | 4, Martingale Court, Manchester, Greater Manchester M8 0AR | £2,232 | 56 | 2 | Flat | |
£145K | 05/23 | 0.89 mi | 16, Trentham Lawns, Salford, Greater Manchester M6 6QN | - | - | 2 | Flat | |
£170K | 06/23 | 0.9 mi | 22, Brotherton Drive, Salford, Greater Manchester M3 6BH | - | - | 2 | Flat | |
£170K | 06/23 | 0.9 mi | 22, Brotherton Drive, Salford, Greater Manchester M3 6BH | - | - | 2 | Flat | |
£145K | 06/21 | 0.95 mi | 10, Bevill Square, Salford, Greater Manchester M3 6BB | £2,417 | 60 | 2 | Flat | |
£90K | 03/21 | 0.95 mi | Flat 78, The Peninsula Building, Kersal Way, Salford, Greater Manchester M7 3FT | - | - | 2 | Flat | |
£234K | 06/21 | 0.95 mi | Apartment 381, Block 7 Spectrum, Blackfriars Road, Salford, Greater Manchester M3 7BY | - | - | 2 | Flat | |
£150K | 09/23 | 0.98 mi | Apartment 219, Quebec Building, Bury Street, Salford, Greater Manchester M3 7DY | - | - | 2 | Flat | |
£230K | 10/21 | 1 mi | Flat 20, Sommerville Court, Park Lane, Salford, Greater Manchester M7 4HU | - | - | 2 | Flat |
Local Rents
51 rents from £589/mo to £2.4K/mo, average is £1.1K/mo.
Rent | Date | Distance | Address | Beds | Type | |
£1,175 | 01/25 | 0.02 mi | - | 2 | Flat | |
£589 | 05/24 | 0.02 mi | For people aged 21 and over who are working: Camp Street, Salford, Greater Manchester, M7 | 2 | Flat | |
£950 | 06/24 | 0.02 mi | Camp Street,Lower Broughton,Salford,M7 | 2 | Flat | |
£950 | 01/25 | 0.03 mi | - | 2 | Flat | |
£1,250 | 06/24 | 0.05 mi | Stonehouse Drive, New Broughton, Salford, M7 | 2 | Terraced House | |
£1,200 | 08/24 | 0.08 mi | - | 2 | Semi-Detached House | |
£1,200 | 06/24 | 0.08 mi | Bugle Close, Salford, M7 | 2 | Semi-Detached House | |
£1,200 | 07/24 | 0.08 mi | Bugle Close, Salford, M7 | 2 | Semi-Detached House | |
£1,150 | 08/24 | 0.08 mi | - | 2 | Semi-Detached House | |
£1,150 | 07/24 | 0.08 mi | Bugle Close, Salford, M7 | 2 | Semi-Detached House | |
£1,100 | 08/24 | 0.08 mi | - | 2 | Semi-Detached House | |
£825 | 06/24 | 0.08 mi | - | 2 | Terraced House | |
£1,000 | 05/24 | 0.12 mi | Duke Street, Salford | 2 | Flat | |
£1,000 | 05/24 | 0.12 mi | Duke Street, Salford | 2 | Flat | |
£1,225 | 01/25 | 0.13 mi | - | 2 | Terraced House | |
£2,400 | 02/25 | 0.13 mi | - | 2 | Terraced House | |
£1,150 | 01/25 | 0.16 mi | - | 2 | Flat | |
£900 | 05/24 | 0.16 mi | - | 2 | Bungalow | |
£1,250 | 03/24 | 0.18 mi | Great Cheetham Street West, Salford, Greater Manchester, M7 | 2 | Flat | |
£1,050 | 03/24 | 0.19 mi | Great Cheetham Street West, Salford, Greater Manchester, M7 | 2 | Flat | |
£1,050 | 07/24 | 0.21 mi | - | 2 | Flat | |
£1,050 | 07/24 | 0.21 mi | Great Clowes Street, Salford, M7 | 2 | Flat | |
£1,050 | 06/24 | 0.21 mi | - | 2 | Flat | |
£1,100 | 05/24 | 0.21 mi | - | 2 | Flat | |
£1,100 | 05/24 | 0.21 mi | The Vibe :: Salford | 2 | Flat | |
£1,275 | 07/24 | 0.22 mi | The Vibe, Salford | 2 | Flat | |
£1,275 | 08/24 | 0.22 mi | The Vibe, Salford | 2 | Flat | |
£850 | 05/24 | 0.25 mi | Olanyian Drive, Cheetwood, Manchester, M8 | 2 | Terraced House | |
£995 | 07/24 | 0.29 mi | Grecian Street, Salford | 2 | Bungalow | |
£995 | 06/24 | 0.3 mi | Grecian Street | 2 | Bungalow | |
£1,200 | 05/24 | 0.3 mi | - | 2 | Semi-Detached House | |
£1,500 | 01/25 | 0.3 mi | - | 2 | Semi-Detached House | |
£1,195 | 06/24 | 0.31 mi | Empyrean, Salford, M7 | 2 | Flat | |
£1,195 | 07/24 | 0.31 mi | Empyrean, Salford, M7 | 2 | Flat | |
£1,195 | 07/24 | 0.31 mi | Empyrean, Salford, M7 | 2 | Flat | |
£1,195 | 08/24 | 0.31 mi | Empyrean, Salford, M7 | 2 | Flat | |
£1,195 | 05/24 | 0.31 mi | Empyrean, Salford, M7 | 2 | Flat | |
£1,195 | 06/24 | 0.31 mi | Empyrean, Salford, M7 | 2 | Flat | |
£995 | 02/24 | 0.33 mi | - | 2 | Semi-Detached House | |
£1,195 | 05/24 | 0.34 mi | Empyrean, Salford, M7 | 2 | Flat | |
£1,100 | 07/24 | 0.35 mi | - | 2 | Terraced House | |
£1,100 | 07/24 | 0.35 mi | - | 2 | Terraced House | |
£1,100 | 07/24 | 0.35 mi | Manley Street, Salford, M7 | 2 | Terraced House | |
£890 | 06/24 | 0.36 mi | - | 2 | Flat | |
£890 | 03/25 | 0.36 mi | - | 2 | Flat | |
£1,225 | 05/24 | 0.36 mi | Empyrean, Salford, M7 | 2 | Flat | |
£1,195 | 05/24 | 0.36 mi | Empyrean, Salford, M7 1BQ | 2 | Flat | |
£1,295 | 07/24 | 0.36 mi | Empyrean, Salford, M7 | 2 | Flat | |
£1,000 | 07/24 | 0.36 mi | Lower Broughton Road, Salford, Greater Manchester, M7 | 2 | Flat | |
£1,195 | 05/24 | 0.39 mi | Empyrean, Salford, M7 | 2 | Flat | |
£1,100 | 07/24 | 0.39 mi | - | 2 | Flat |
Property History
Listed for £125,000
November 21, 2024
Sold for £130,000
2008
Floor Plans

Description
- Two spacious bedrooms +
- Open-plan kitchen +
- Secure access +
- Living room balcony +
- EPC rating 'C' +
- Council tax band 'A' +
- Close to transport links +
- Nearby parks +
- Local amenities accessible +
- Ideal investment opportunity +
For sale is this two bedroom apartment that offers an excellent opportunity for first time buyers and investors alike. The property is currently in need of freshing up, presenting an exciting chance to truly make it your own.
This apartment features two spacious bedrooms, the primary bedroom having an ensuite shower room, a family bathroom, and an open plan living space and kitchen that is perfect for relaxing or entertaining guests. One of the key attributes of this property is the open-plan kitchen, which is complemented by a dining space. This setup promotes a contemporary and sociable living environment.
Another unique feature is the secure access, providing peace of mind for the property's occupants. Furthermore, the living room boasts a balcony, offering a delightful outdoor space for relaxation and al fresco dining.
Despite requiring some modernisation, the flat has an EPC rating of 'C', indicating a reasonable level of energy efficiency. Falling within council tax band 'A', the property offers affordability in terms of ongoing costs.
The location of the property is truly enviable, with several public transport links in close proximity, making commuting or exploring the city a breeze. Local amenities are also easily accessible, ensuring convenience for daily necessities. For those who enjoy outdoor activities, there are several nearby parks to take advantage of.
Overall, this property, with its potential for improvement and prime location, is an ideal investment opportunity or a perfect first home.
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 most cases.
SAF240400/2
Similar Properties
Like this property? Maybe you'll like these ones close by too.