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3 Bed Flat, Single Let, Salford, M5 5EB, £115,000

Sugar Mill Square, Salford, M5 5EB - 3 views - 4 months ago

Sold STC
Leasehold
BTL
ROI: 19%
~93 m²
+8 photos

ValuationUndervalued

Sold Prices£88K - £290K
Sold Prices/m²£1.4K/m² - £5.3K/m²

 

 

Square Metres

~93 m²
Price/m²£1.2K/m²

Value Estimate

£139,150
BMV21%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£28,750

Stamp Duty & Legal Fees

£4,650

Total Cash In

£33,400

 

 

Cash Out

 

Rent Range

£1,100 - £3,490

Rent Estimate

£1,150

Running Costs/mo

£609

Cashflow/mo

£541

Cashflow/yr

£6,488

ROI

19%

Gross Yield

12%

Local Sold Prices

28 sold prices from £88K to £290K, average is £152.5K. £1.4K/m² to £5.3K/m², average is £2.8K/m².

PriceDateDistanceAddressBeds 
£88K11/210.01 mi63, Sugar Mill Square, Salford, Greater Manchester M5 5EB3
£112.3K03/210.01 mi43, Sugar Mill Square, Salford, Greater Manchester M5 5EB3
£141.5K10/230.47 miFlat 2, Darley House, My Street, Salford, Greater Manchester M5 5GJ3
£145.5K06/210.69 mi2, Osborne Street, Salford, Greater Manchester M6 5LG3
£125K09/210.79 miFlat 18, Reeves Court, Canterbury Gardens, Salford, Greater Manchester M5 5AE3
£131K11/200.79 miFlat 3, Woolston House, Moss Meadow Road, Salford, Greater Manchester M6 8PL3
£135K01/210.8 miApartment 158, Ladywell Point, Pilgrims Way, Salford, Greater Manchester M50 1AW3
£137.5K08/210.83 miFlat 37, Carthorpe Arch, Eccles New Road, Salford, Greater Manchester M5 4UR3
£210K10/230.83 mi12, Guildford Road, Salford, Greater Manchester M6 8PT3
£121K10/200.86 miFlat 33, Knights Court, Canterbury Gardens, Salford, Greater Manchester M5 5AB3
£130K03/230.86 miFlat 21, Knights Court, Canterbury Gardens, Salford, Greater Manchester M5 5AB3
£140K01/210.89 miFlat 33, Redmires Court, Eccles New Road, Salford, Greater Manchester M5 4US3
£132K11/200.95 miFlat 2, Laurel House, Light Oaks Road, Salford, Greater Manchester M6 8NQ3
£243K04/211.03 mi81, Vancouver Quay, Salford, Greater Manchester M50 3TX3
£270K04/231.03 mi87, Vancouver Quay, Salford, Greater Manchester M50 3TX3
£245K04/231.03 mi78, Vancouver Quay, Salford, Greater Manchester M50 3TX3
£276K10/231.03 mi81, Winnipeg Quay, Salford, Greater Manchester M50 3TY3
£276K10/231.03 mi81, Winnipeg Quay, Salford, Greater Manchester M50 3TY3
£263.3K12/201.03 mi52, Winnipeg Quay, Salford, Greater Manchester M50 3TY3
£290K12/231.05 mi36, Vancouver Quay, Salford, Greater Manchester M50 3TU3
£262.8K02/231.07 mi47, Vancouver Quay, Salford, Greater Manchester M50 3TU3
£200K02/211.07 mi7, St Lawrence Quay, Salford, Greater Manchester M50 3XT3
£225K01/211.09 mi22, Vancouver Quay, Salford, Greater Manchester M50 3TT3
£122.5K01/231.12 miFlat 4, Victoria House, Victoria Road, Salford, Greater Manchester M6 8LF3
£155K07/231.42 mi45, Eccles Fold, Eccles, Manchester, Greater Manchester M30 0NT3
£150K10/201.83 mi42, Linen Court, Salford, Greater Manchester M3 6JG3
£265K04/231.86 mi34, Taylors Road, Stretford, Manchester, Greater Manchester M32 0JJ3
£219.9K02/211.99 miApartment 45, Central Court, Melville Street, Salford, Greater Manchester M3 6DH3

Local Rents

50 rents from £1.1K/mo to £3.5K/mo, average is £1.6K/mo.

RentDateDistanceAddressBeds 
£1,10003/250 mi-3
£1,59512/240.07 mi-3
£2,98506/240.09 mi-3
£2,98505/240.09 miBorough Road, Salford, M503
£3,22505/240.18 mi-3
£1,30005/240.19 mi-3
£1,20002/250.2 mi-3
£1,60002/240.2 mi-3
£1,55005/240.2 mi-3
£1,55005/240.2 miLomas Close, Manchester, M53
£1,15005/240.2 miBarff Road, Salford3
£1,39506/240.2 mi-3
£1,25006/240.21 mi-3
£1,35012/240.21 mi-3
£1,85505/240.24 miKennedy Road, Salford, M53
£1,15005/240.24 miBarff Road, Salford3
£1,50005/240.24 miKingsford Street M53
£1,20002/240.25 mi-3
£2,50005/240.25 mi-3
£1,90002/250.25 mi-3
£1,29512/240.26 mi-3
£2,40005/240.26 mi-3
£2,40005/240.26 mi-3
£2,20006/240.27 mi-3
£2,20005/240.27 miEmerson Street, Salford, M53
£1,30005/240.28 miKingsford Street, Salford3
£1,20005/240.33 miWhitegate Drive, Seedley, Salford, M53
£1,50006/240.34 miSouthbourne Street, Moorland's Green, Salford, M63
£1,50003/250.36 mi-3
£3,49001/250.37 mi-3
£1,80005/240.38 miWythburn Street, Pendleton, Salford, M63
£1,50006/240.38 mi-3
£1,60002/250.38 mi-3
£1,40005/240.39 mi-3
£1,90505/240.4 miLyndhurst Street, Salford, M63
£1,90505/240.4 miLyndhurst Street, Salford, M63
£1,56002/240.43 mi-3
£1,65012/240.43 mi-3
£1,69502/250.47 mi-3
£1,25001/250.47 mi-3
£1,42502/240.49 mi-3
£1,20003/250.49 mi-3
£1,60012/240.51 mi-3
£1,15005/240.52 miGrange Street, Salford3
£1,75012/240.52 mi-3
£2,20005/240.53 mi-3
£2,00006/240.53 mi-3
£1,55005/240.54 miNansen Street, Salford, Manchester3
£1,47505/240.54 miSpringwell Close, Salford, M63
£1,35003/250.55 mi-3

Links

Local Area Statistics

Population in M5

14,445

Population in Salford

88,697

Town centre distance

1.54 miles away

Nearest school

0.30 miles away

Nearest train station

0.02 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+35%

Sales demand

Buyer's market

Capital growth (5yrs)

+6%

Property History

Listed for £115,000

November 26, 2024

Sold for £107,500

2004

Description

  • INVESTMENT OPPORTUNITY +
  • Three Bedrooms +
  • Fully Furnished +
  • Close To City Centre +
  • Two Bathrooms +
  • Lounge/ Kitchen +
  • Secure Parking +

*INVESTMENT OPPORTUNITY* Philip James are proud to present this newly refurbished three bedroom apartment in Sugar Mill Square.

Representing an amazing potential rental yield of 11%,p/a this property is an amazing investment opportunity.

Thee property comprises of; Three spacious double bedrooms, a modern bathroom suite and an open plan lounge/ kitchen.

Located directly behind Weaste tram stop, this apartment allows for easy access across Manchester/ Salford via the metrolink service.

With secure parking available, this property is a must view!

Available 11th October - NO AGENCY FEE - Philip James Manchester are proud to present this three bedroom apartment in Sugar Mill Square, close to Manchester City Centre. The Metrolink is opposite the development, making it perfect for commuting to the City. The apartment comprises of: three bedrooms, one bathrooms and an open plan lounge kitchen. Secure parking is included and viewings are recommended.

Agent Details

Philip James Manchester, Manchester

0161 524 6259

Next Steps?

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

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