2 Bed Flat, Single Let, Salford, M7 3HG, £105,000

8 Lever Court, 216 Moor Lane, Salford, M7 3HG - 6 views - 4 months ago

Leasehold
BTL
ROI: 11%
61 m²
+1 photos

ValuationUndervalued

Sold Prices£69.5K - £295K
Sold Prices/m²£1.1K/m² - £2.7K/m²

 

 

Square Metres

61 m²
Price/m²£1.7K/m²

Value Estimate

£128,100
BMV22%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£26,250

Stamp Duty & Legal Fees

£4,350

Total Cash In

£30,600

 

 

Cash Out

 

Rent Range

£750 - £2,350

Rent Estimate

£784

Running Costs/mo

£505

Cashflow/mo

£279

Cashflow/yr

£3,349

ROI

11%

Gross Yield

9%

Local Sold Prices

38 sold prices from £69.5K to £295K, average is £133.8K. £1.1K/m² to £2.7K/m², average is £2.2K/m².

PriceDateDistanceAddressBeds 
£92K01/210.08 miFlat 6, Heath View, Kellbrook Crescent, Salford, Greater Manchester M7 3GH2
£113K03/230.08 miFlat 8, Heath View, Kellbrook Crescent, Salford, Greater Manchester M7 3GH2
£165K04/230.14 mi49, Christie Lane, Salford, Greater Manchester M7 3BL2
£143.5K09/220.14 mi105, Christie Lane, Salford, Greater Manchester M7 3BL2
£135K06/210.15 mi103, Christie Lane, Salford, Greater Manchester M7 3BL2
£127.5K04/210.15 mi51, Christie Lane, Salford, Greater Manchester M7 3BL2
£160K09/220.15 mi63, Christie Lane, Salford, Greater Manchester M7 3BL2
£132.5K04/210.28 miFlat 4, Norwood Lodge, Vine Street, Salford, Greater Manchester M7 3PB2
£150K06/210.28 miFlat 2, Norwood Lodge, Vine Street, Salford, Greater Manchester M7 3PB2
£105K07/230.29 miFlat 71, Tilehurst Court, Kersal Way, Salford, Greater Manchester M7 3ST2
£72K11/210.29 miFlat 53, Tilehurst Court, Kersal Way, Salford, Greater Manchester M7 3ST2
£96.5K04/210.29 miFlat 54, Tilehurst Court, Kersal Way, Salford, Greater Manchester M7 3ST2
£69.5K03/240.29 miTilehurst Court, Flat 70, Kersal Way, Salford, Greater Manchester M7 3ST2
£71K11/200.29 miFlat 6, Tilehurst Court, Kersal Way, Salford, Greater Manchester M7 3ST2
£90K03/210.35 miFlat 78, The Peninsula Building, Kersal Way, Salford, Greater Manchester M7 3FT2
£136.5K10/210.38 mi46, Mayfield Road, Salford, Greater Manchester M7 3WZ2
£140K08/230.53 miFlat 17, Riverview Court, Moor End Avenue, Salford, Greater Manchester M7 3NX2
£127K12/200.53 miFlat 15, Riverview Court, Moor End Avenue, Salford, Greater Manchester M7 3NX2
£82K12/200.53 miFlat 26, Riverview Court, Moor End Avenue, Salford, Greater Manchester M7 3NX2
£100K09/230.53 miFlat 16, Riverview Court, Moor End Avenue, Salford, Greater Manchester M7 3NX2
£120K05/230.59 mi36, Crescent Avenue, Prestwich, Manchester, Greater Manchester M25 9NU2
£107K10/200.6 mi24, Crescent Avenue, Prestwich, Manchester, Greater Manchester M25 9NU2
£215K09/210.67 miFlat 5, Woodcliffe Lodge, Sedgley Park Road, Prestwich, Manchester, Greater Manchester M25 0JX2
£145K12/220.67 miFlat 18, Cavendish Court, Holden Road, Salford, Greater Manchester M7 4LW2
£165K11/220.69 miFlat 16, Tall Trees, Westfield Street, Salford, Greater Manchester M7 4NG2
£115K06/210.69 miFlat 10, Tall Trees, Westfield Street, Salford, Greater Manchester M7 4NG2
£162.5K10/200.72 miFlat 2, Tall Trees, Westfield Street, Salford, Greater Manchester M7 4NG2
£230K10/210.73 miFlat 20, Sommerville Court, Park Lane, Salford, Greater Manchester M7 4HU2
£112K01/210.74 miFlat 12, Grosvenor Court, Park Lane, Salford, Greater Manchester M7 4JZ2
£160K04/210.75 miFlat 4, Butt Hill Court, Bury New Road, Prestwich, Manchester, Greater Manchester M25 9NT2
£149K11/230.77 miFlat 16, Tower Grange, New Hall Road, Salford, Greater Manchester M7 4EL2
£101K03/210.77 miFlat 2, Tower Grange, New Hall Road, Salford, Greater Manchester M7 4EL2
£185K08/230.88 miFlat 19, Eagles Nest, Butterstile Lane, Prestwich, Manchester, Greater Manchester M25 9PP2
£155K06/220.92 miFlat 32, Brentwood Court, Lowther Road, Prestwich, Manchester, Greater Manchester M25 9PX2
£170K07/220.92 miFlat 42, Brentwood Court, Lowther Road, Prestwich, Manchester, Greater Manchester M25 9PX2
£295K06/210.92 miFlat 2, Lakeside Court, Old Hall Road, Salford, Greater Manchester M7 4JJ2
£120K01/230.96 mi3, Betula Grove, Salford, Greater Manchester M7 2AB2
£138K08/231 miFlat 8, Riversdale Court, St Anns Road, Prestwich, Manchester, Greater Manchester M25 9GD2

Local Rents

41 rents from £750/mo to £2.4K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£87505/240 miLever Court, Salford2
£92505/240.03 miMoor Lane, Salford, M72
£75007/240.03 miLever Court, 218 Moor Lane, Salford, M72
£95006/240.09 miKellbrook Crescent, Salford2
£1,29502/250.14 mi-2
£1,25006/240.15 miChristie Lane, Salford, M72
£1,25006/240.15 miChristie Lane, Salford, M72
£1,25007/240.15 mi-2
£1,10006/240.16 miChristie Lane, Salford, Manchester M7 3BN2
£1,05005/240.18 miBlyton Lane, Salford, Manchester, M72
£2,35003/250.22 mi-2
£82512/240.31 mi-2
£82512/240.31 mi-2
£1,20001/250.35 mi-2
£1,08005/240.35 mi-2
£2,25303/250.38 mi-2
£85005/240.4 miSt. Pauls Road, Salford, M72
£85005/240.44 miCumbria Court, Kersal Road2
£1,10012/240.44 mi-2
£1,20006/240.46 mi-2
£1,25005/240.46 miPrestwich, Manchetser, M252
£95001/240.46 mi-2
£1,00005/240.46 mi-2
£87505/240.46 mi-2
£79505/240.47 mi-2
£85008/240.47 mi-2
£99501/240.48 mi-2
£1,10007/240.48 mi-2
£1,10012/240.48 mi-2
£1,05003/250.48 mi-2
£1,20003/250.48 mi-2
£1,05003/250.48 mi-2
£1,10005/240.48 miGeorge Street, Prestwich, Manchester, M252
£1,10006/240.48 miGeorge Street, Prestwich, Manchester, M252
£99503/250.48 mi-2
£1,10005/240.58 miCity Lofts, 94 The Quays, Salford Quays, Manchester, M502
£92502/250.59 mi-2
£87506/240.6 miCrescent Avenue, Prestwich2
£75001/240.6 mi-2
£2,10001/250.62 mi-2
£1,95003/250.62 mi-2

Local Area Statistics

Population in M7

27,601

Population in Salford

88,697

Town centre distance

1.12 miles away

Nearest school

0.20 miles away

Nearest train station

1.31 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+36%

Sales demand

Seller's market

Capital growth (5yrs)

+38%

Property History

Listed for £105,000

November 25, 2024

Description

  • Top floor apartment +
  • Corner aspect +
  • Two bedrooms +
  • One bathroom +
  • Secure parking +
  • Close to the city centre +
  • Ideal first time buy or investor purchase +
  • No onward chain +

Stevenson Whyte are now in receipt of an offer for the sum of £120,000 for 8 Lever Court, 216 Moor Lane, Salford, M7 3HG. Anyone wishing to place an offer on this property should contact Stevenson Whyte, 5-9 Duke Street, M3 4NF, , before exchange of contracts.

A top floor, corner aspect, two bedroom, one bathroom apartment with secure parking in the Lever Court development. The property is well situated for local transport links and close proximity into the city centre. The apartment benefits an open plan living/kitchen area, two good sized bedrooms and modern bathroom. A perfect first time buy purchase, or investor purchase with rental potential of £950pcm, and no onward chain.

Leasehold information:
Service charge - 357.85 quarter yearly
Ground rent - 262.76 yearly
Lease length remaining 981 years

Living room/kitchen - 4.09m (13'5") x 7.03m (23'1")

Bedroom One - 3m (9'10") x 3.02m (9'11")

Bedroom Two - 2.06m (6'9") x 3.01m (9'11")

Bathroom - 1.09m (3'7") x 1.08m (3'7")

Hallway - 3.02m (9'11") x 2.01m (6'7")

Notice
Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.

Agent Details

Stevenson Whyte, Manchester

0161 524 8300

Next Steps?

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