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

382 Camp Street, Salford, Greater Manchester, M7 1ZN - 17 views - 4 months ago

Leasehold
Refurb/BRRR
ROI: 8%
57 m²
+2 photos

ValuationFair Value











Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£31,250

Stamp Duty & Legal Fees

£4,950

Refurb Costs

£24,026

Bridging Loan Interest

£3,281

Total Cash In

£65,257

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£145,853

Mortgage (After Refinance)

£109,390

Mortgage LTV

75%

Cash Released

£15,640

Cash Left In

£49,617

Equity

£36,463

Rent Range

£589 - £2,400

Rent Estimate

£1,106

Running Costs/mo

£697

Cashflow/mo

£409

Cashflow/yr

£4,908

ROI

8%

Gross Yield

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.

PriceDateDistanceAddressBeds 
£160K09/220.42 mi6, St Albans Terrace, Manchester, Greater Manchester M8 8BZ2
£120K01/230.43 mi3, Betula Grove, Salford, Greater Manchester M7 2AB2
£156K02/230.45 mi59, Waterloo Road, Manchester, Greater Manchester M8 8BY2
£100K03/210.62 mi76, Velour Close, Salford, Greater Manchester M3 6AP2
£100K03/210.62 mi76, Velour Close, Salford, Greater Manchester M3 6AP2
£110K09/210.62 mi44, Velour Close, Salford, Greater Manchester M3 6AP2
£131K06/210.62 mi88, Velour Close, Salford, Greater Manchester M3 6AP2
£95K07/220.65 miApartment 804, City View, Highclere Avenue, Salford, Greater Manchester M7 4ZU2
£68.8K11/200.66 miApartment 605, City View, Highclere Avenue, Salford, Greater Manchester M7 4ZU2
£80K09/230.66 miApartment 1202, City View, Highclere Avenue, Salford, Greater Manchester M7 4ZU2
£77.5K02/230.66 miGround Floor Apartments G04, City View, Highclere Avenue, Salford, Greater Manchester M7 4ZU2
£93K08/230.66 miApartment 1304, City View, Highclere Avenue, Salford, Greater Manchester M7 4ZU2
£108K07/230.67 miFlat 14, Grey Friar Court, Bridgewater Street, Salford, Greater Manchester M3 7LB2
£132.5K03/210.68 mi1, Angora Drive, Salford, Greater Manchester M3 6AL2
£120K09/210.7 mi36, Angora Drive, Salford, Greater Manchester M3 6AR2
£125K12/220.7 mi65, Blackburn Street, Salford, Greater Manchester M3 6AS2
£134K11/200.7 mi53, Blackburn Street, Salford, Greater Manchester M3 6AS2
£125K10/200.7 mi59, Blackburn Street, Salford, Greater Manchester M3 6AS2
£120K04/210.7 mi25, Chiffon Way, Salford, Greater Manchester M3 6AB2
£130K02/210.73 mi11, Georgette Drive, Salford, Greater Manchester M3 7AF2
£150K08/210.73 mi1, Georgette Drive, Salford, Greater Manchester M3 7AF2
£107K10/200.73 miFlat 34, St. Davids Court, Sherborne Street, Manchester, Greater Manchester M8 8ND2
£125.5K02/230.73 miFlat 100, St. Davids Court, Sherborne Street, Manchester, Greater Manchester M8 8NT2
£178K09/210.74 mi36, Bridgewater Street, Salford, Greater Manchester M3 7AS2
£105K06/210.74 miFlat 41, St. Davids Court, Sherborne Street, Manchester, Greater Manchester M8 8ND2
£135K02/230.75 mi38, Calico Close, Salford, Greater Manchester M3 6AH2
£125K08/210.75 mi44, Calico Close, Salford, Greater Manchester M3 6AH2
£140K11/200.76 mi12, Twillbrook Drive, Salford, Greater Manchester M3 7AR2
£166K01/230.77 mi57, Linen Court, Salford, Greater Manchester M3 6JG2
£150K05/230.77 mi12, Twillbrook Drive, Salford, Greater Manchester M3 7AR2
£131.5K11/200.77 mi66, Linen Court, Salford, Greater Manchester M3 6JG2
£168K12/220.77 mi61, Linen Court, Salford, Greater Manchester M3 6JG2
£170K05/230.77 mi17, Linen Court, Salford, Greater Manchester M3 6JG2
£125.5K07/230.78 miFlat 82, St. Davids Court, Sherborne Street, Manchester, Greater Manchester M8 8NT2
£167K03/210.84 miFlat 214, Canon Green Court, West King Street, Salford, Greater Manchester M3 7HA2
£166K07/230.86 mi19, Lockett Gardens, Salford, Greater Manchester M3 6BJ2
£166K07/230.86 mi19, Lockett Gardens, Salford, Greater Manchester M3 6BJ2
£149K11/230.86 miFlat 16, Tower Grange, New Hall Road, Salford, Greater Manchester M7 4EL2
£101K03/210.86 miFlat 2, Tower Grange, New Hall Road, Salford, Greater Manchester M7 4EL2
£125K09/220.87 mi4, Martingale Court, Manchester, Greater Manchester M8 0AR2
£145K05/230.89 mi16, Trentham Lawns, Salford, Greater Manchester M6 6QN2
£170K06/230.9 mi22, Brotherton Drive, Salford, Greater Manchester M3 6BH2
£170K06/230.9 mi22, Brotherton Drive, Salford, Greater Manchester M3 6BH2
£145K06/210.95 mi10, Bevill Square, Salford, Greater Manchester M3 6BB2
£90K03/210.95 miFlat 78, The Peninsula Building, Kersal Way, Salford, Greater Manchester M7 3FT2
£234K06/210.95 miApartment 381, Block 7 Spectrum, Blackfriars Road, Salford, Greater Manchester M3 7BY2
£150K09/230.98 miApartment 219, Quebec Building, Bury Street, Salford, Greater Manchester M3 7DY2
£230K10/211 miFlat 20, Sommerville Court, Park Lane, Salford, Greater Manchester M7 4HU2

Local Rents

51 rents from £589/mo to £2.4K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,17501/250.02 mi-2
£58905/240.02 miFor people aged 21 and over who are working: Camp Street, Salford, Greater Manchester, M72
£95006/240.02 miCamp Street,Lower Broughton,Salford,M72
£95001/250.03 mi-2
£1,25006/240.05 miStonehouse Drive, New Broughton, Salford, M72
£1,20008/240.08 mi-2
£1,20006/240.08 miBugle Close, Salford, M72
£1,20007/240.08 miBugle Close, Salford, M72
£1,15008/240.08 mi-2
£1,15007/240.08 miBugle Close, Salford, M72
£1,10008/240.08 mi-2
£82506/240.08 mi-2
£1,00005/240.12 miDuke Street, Salford2
£1,00005/240.12 miDuke Street, Salford2
£1,22501/250.13 mi-2
£2,40002/250.13 mi-2
£1,15001/250.16 mi-2
£90005/240.16 mi-2
£1,25003/240.18 miGreat Cheetham Street West, Salford, Greater Manchester, M72
£1,05003/240.19 miGreat Cheetham Street West, Salford, Greater Manchester, M72
£1,05007/240.21 mi-2
£1,05007/240.21 miGreat Clowes Street, Salford, M72
£1,05006/240.21 mi-2
£1,10005/240.21 mi-2
£1,10005/240.21 miThe Vibe :: Salford2
£1,27507/240.22 miThe Vibe, Salford2
£1,27508/240.22 miThe Vibe, Salford2
£85005/240.25 miOlanyian Drive, Cheetwood, Manchester, M82
£99507/240.29 miGrecian Street, Salford2
£99506/240.3 miGrecian Street2
£1,20005/240.3 mi-2
£1,50001/250.3 mi-2
£1,19506/240.31 miEmpyrean, Salford, M72
£1,19507/240.31 miEmpyrean, Salford, M72
£1,19507/240.31 miEmpyrean, Salford, M72
£1,19508/240.31 miEmpyrean, Salford, M72
£1,19505/240.31 miEmpyrean, Salford, M72
£1,19506/240.31 miEmpyrean, Salford, M72
£99502/240.33 mi-2
£1,19505/240.34 miEmpyrean, Salford, M72
£1,10007/240.35 mi-2
£1,10007/240.35 mi-2
£1,10007/240.35 miManley Street, Salford, M72
£89006/240.36 mi-2
£89003/250.36 mi-2
£1,22505/240.36 miEmpyrean, Salford, M72
£1,19505/240.36 miEmpyrean, Salford, M7 1BQ2
£1,29507/240.36 miEmpyrean, Salford, M72
£1,00007/240.36 miLower Broughton Road, Salford, Greater Manchester, M72
£1,19505/240.39 miEmpyrean, Salford, M72
£1,10007/240.39 mi-2

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

Agent Details

Reeds Rains, Salford

0161 524 9343

Next Steps?

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