ValuationOvervalued

Sold Prices	£60K - £230K
Sold Prices/m²	£1.4K/m² - £3K/m²

Square Metres	~68.11 m²
Price/m²	£2.2K/m²
Value Estimate	£139,318£139,318

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£37,500£37,500
Stamp Duty & Legal Fees	£5,700£5,700
Total Cash In	£43,200£43,200

Cash Out
Rent Range	£625 - £1,850£625 - £1,850
Rent Estimate	£950
Running Costs/mo	£679£679
Cashflow/mo	£271£271
Cashflow/yr	£3,255£3,255
ROI	8%8%
Gross Yield	8%8%

Local Sold Prices

50 sold prices from £60K to £230K, average is £135K. £1.4K/m² to £3K/m², average is £2.4K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£230K	09/24	0.12 mi	71, Reservoir Street, Salford M6 5NB	£2,500	92	2	Flat
£216K	06/25	0.14 mi	6, Field Street, Salford M6 5EY	£2,512	86	2	Flat
£216K	06/25	0.14 mi	6, Field Street, Salford M6 5EY	-	-	2	Flat
£111.2K	10/23	0.32 mi	21, Woolpack Green, Salford, Greater Manchester M6 7AY	£1,444	77	2	Flat
£115K	06/21	0.37 mi	20, Ashfield Close, Salford, Greater Manchester M6 8RQ	£1,386	83	2	Flat
£150.5K	05/22	0.37 mi	Flat 15, Ailsa House, Langworthy Road, Salford, Greater Manchester M6 5SW	-	-	2	Flat
£158K	07/25	0.38 mi	15, Ashfield Close, Salford M6 8RQ	-	-	2	Flat
£103K	03/24	0.42 mi	2 Quince House, 10, Milton Place, Salford M6 5RL	£1,791	58	2	Flat
£138K	04/24	0.42 mi	2 Quince House, 16, Milton Place, Salford M6 5RL	£2,339	59	2	Flat
£135K	12/24	0.44 mi	397 Theatre House, 18, Langworthy Road, Salford M6 7AH	£1,901	71	2	Flat
£60K	08/25	0.46 mi	Apartment 6, 9 The Maypole, Broughton Road, Salford M6 6LS	-	-	2	Flat
£115K	06/21	0.46 mi	Flat 25, Melmerby Court, Eccles New Road, Salford, Greater Manchester M5 4UG	-	-	2	Flat
£136.8K	04/23	0.46 mi	Flat 31, Melmerby Court, Eccles New Road, Salford, Greater Manchester M5 4UG	-	-	2	Flat
£137.5K	05/23	0.46 mi	Flat 37, Melmerby Court, Eccles New Road, Salford, Greater Manchester M5 4UG	-	-	2	Flat
£136K	12/22	0.46 mi	Flat 36, Melmerby Court, Eccles New Road, Salford, Greater Manchester M5 4UG	-	-	2	Flat
£150K	08/23	0.46 mi	Flat 11, Melmerby Court, Eccles New Road, Salford, Greater Manchester M5 4UG	-	-	2	Flat
£132K	07/25	0.48 mi	2, Ellishaw Row, Eccles New Road, Salford M5 4UJ	-	-	2	Flat
£140K	03/25	0.48 mi	70, Seedley Terrace, Salford M6 8RN	£1,728	81	2	Flat
£140K	03/25	0.48 mi	70, Seedley Terrace, Salford M6 8RN	-	-	2	Flat
£127.5K	06/21	0.48 mi	Flat 1, Elishaw Row, Eccles New Road, Salford, Greater Manchester M5 4UJ	-	-	2	Flat
£137K	11/23	0.48 mi	Flat 21, Elishaw Row, Eccles New Road, Salford, Greater Manchester M5 4UJ	-	-	2	Flat
£145K	11/22	0.49 mi	Flat 1, Wearhead Row, Eccles New Road, Salford, Greater Manchester M5 4UH	-	-	2	Flat
£117.5K	11/21	0.49 mi	Flat 23, Kielder Square, Eccles New Road, Salford, Greater Manchester M5 4UL	-	-	2	Flat
£170K	11/24	0.49 mi	6, Apartment 36, Langworthy Road, Salford M5 4HE	£2,931	58	2	Flat
£140K	07/23	0.5 mi	Flat 49, Redmires Court, Eccles New Road, Salford, Greater Manchester M5 4US	-	-	2	Flat
£120K	09/24	0.54 mi	Hepburn Court, Flat 10, Monroe Close, Salford M6 8GH	£2,222	54	2	Flat
£130K	03/24	0.56 mi	Garbo Court, Flat 46, Monroe Close, Salford, Greater Manchester M6 8GH	£2,364	55	2	Flat
£130K	07/24	0.56 mi	Garbo Court, Flat 35, Monroe Close, Salford, Greater Manchester M6 8GH	£2,453	53	2	Flat
£114K	08/21	0.56 mi	Flat 40, Garbo Court, Monroe Close, Salford, Greater Manchester M6 8GH	-	-	2	Flat
£135K	06/23	0.56 mi	Flat 6, Bogart Court, Monroe Close, Salford, Greater Manchester M6 8GH	-	-	2	Flat
£116K	10/23	0.56 mi	Flat 8, Bogart Court, Monroe Close, Salford, Greater Manchester M6 8GH	-	-	2	Flat
£147.5K	10/22	0.56 mi	Flat 18, Hepburn Court, Monroe Close, Salford, Greater Manchester M6 8GH	-	-	2	Flat
£127.5K	11/23	0.56 mi	Bogart Court, Flat 1, Monroe Close, Salford M6 8GH	£2,713	47	2	Flat
£150K	01/25	0.56 mi	55, Chaplin Close, Salford M6 8FW	£2,419	62	2	Flat
£150K	01/25	0.56 mi	55, Chaplin Close, Salford M6 8FW	-	-	2	Flat
£145K	10/22	0.57 mi	Flat 41, Garbo Court, Monroe Close, Salford, Greater Manchester M6 8GH	-	-	2	Flat
£122K	07/21	0.57 mi	61, Chaplin Close, Salford, Greater Manchester M6 8FW	-	-	2	Flat
£150K	07/24	0.58 mi	Garbo Court, Flat 44, Monroe Close, Salford M6 8GH	£2,941	51	2	Flat
£130K	03/24	0.58 mi	Garbo Court, Flat 46, Monroe Close, Salford M6 8GH	£2,364	55	2	Flat
£133K	09/24	0.58 mi	Garbo Court, Flat 29, Monroe Close, Salford M6 8GH	£2,956	45	2	Flat
£145K	05/23	0.63 mi	16, Trentham Lawns, Salford, Greater Manchester M6 6QN	-	-	2	Flat
£162.5K	12/24	0.72 mi	56 Lexington Court, Apartment 112, Broadway, Salford M50 2UG	£2,579	63	2	Flat
£160K	03/25	0.74 mi	Apartment 312, 52 Madison Court, Broadway, Salford M50 2UD	£2,807	57	2	Flat
£115K	01/23	0.81 mi	10, Sugar Mill Square, Salford, Greater Manchester M5 5EB	£2,091	55	2	Flat
£105K	09/23	0.82 mi	58, Sugar Mill Square, Salford, Greater Manchester M5 5EB	£1,909	55	2	Flat
£110K	03/23	0.82 mi	23, Sugar Mill Square, Salford, Greater Manchester M5 5EB	£2,000	55	2	Flat
£99K	01/24	0.82 mi	44, Sugar Mill Square, Salford, Greater Manchester M5 5EB	£1,458	68	2	Flat
£130K	03/25	0.85 mi	25, Hyndman Court, Sheader Drive, Salford M5 5BX	£2,407	54	2	Flat
£130K	03/23	0.85 mi	Flat 1, Hyndman Court, Sheader Drive, Salford, Greater Manchester M5 5BX	-	-	2	Flat
£108K	06/23	0.87 mi	Flat 26, Anthistle Court, Sheader Drive, Salford, Greater Manchester M5 5BY	-	-	2	Flat

Local Rents

50 rents from £625/mo to £1.9K/mo, average is £1.1K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,450	12/24	0 mi	-	2	Terraced House
£1,300	06/25	0 mi	Shale Lane Salford M5	2	Flat
£1,325	05/25	0 mi	Middlewood Locks, Salford	2	Flat
£1,150	11/25	0 mi	Sandringham House, M5 4AX	2	Flat
£980	11/25	0 mi	Park Road Salford M6	2	Flat
£1,850	05/24	0.02 mi	-	2	Flat
£1,400	05/24	0.02 mi	Block C Alto, Sullivan Way, M3 6GD	2	Flat
£1,150	06/25	0.02 mi	Ladywell Point, Pilgrims Way, Salford, M50 1AU	2	Flat
£1,100	09/25	0.08 mi	Jones Street, Salford, M6	2	Terraced House
£1,000	08/25	0.09 mi	Highfield Road, Salford	2	Terraced House
£1,000	09/25	0.09 mi	Highfield Road, Salford	2	Terraced House
£1,050	11/25	0.09 mi	Highfield Road, Salford	2	Terraced House
£675	08/25	0.09 mi	Highfield Road, Salford	2	Terraced House
£1,100	11/25	0.1 mi	-	2	Terraced House
£1,100	10/25	0.1 mi	Jones Street, Salford, M6	2	Terraced House
£1,100	06/25	0.1 mi	Jones Street, Salford	2	Terraced House
£1,050	06/25	0.1 mi	-	2	Terraced House
£1,000	07/25	0.1 mi	Jones Street, Salford, Greater Manchester, M6	2	Terraced House
£1,000	08/25	0.1 mi	Jones Street, Salford, Greater Manchester, M6	2	Terraced House
£1,100	07/25	0.1 mi	Jones Street, Salford	2	Terraced House
£1,100	08/25	0.1 mi	Jones Street, Salford	2	Terraced House
£1,100	07/25	0.11 mi	Lower Broughton Road, M7	2	Flat
£1,000	11/25	0.11 mi	Bronte Court, Rosehill Close, SALFORD, M6	2	Flat
£1,050	11/25	0.11 mi	Bronte Court, Rosehill Close, SALFORD, M6	2	Flat
£1,200	08/25	0.11 mi	-	2	Terraced House
£1,200	07/25	0.11 mi	Osborne Street, Salford, M6	2	Terraced House
£1,000	05/24	0.11 mi	Bronte Court, Rosehill Close, SALFORD, M6	2	Flat
£1,050	09/25	0.11 mi	Bronte Court, Rosehill Close, SALFORD, M6	2	Flat
£750	08/25	0.11 mi	Bronte Court, Rosehill Close, SALFORD, M6	2	Flat
£1,050	09/25	0.12 mi	Osborne Street, Salford	2	Terraced House
£1,350	10/25	0.12 mi	Alder Street, Chimney Pot Park	2	Terraced House
£990	07/25	0.12 mi	-	2	Terraced House
£990	07/25	0.12 mi	Reservoir Street, Salford, M6	2	Terraced House
£1,200	11/25	0.12 mi	Reservoir Street, Salford	2	Terraced House
£1,000	11/25	0.12 mi	Reservoir Street, Salford	2	Terraced House
£1,300	04/25	0.12 mi	-	2	Terraced House
£1,050	11/25	0.12 mi	Osborne Street, Salford	2	Terraced House
£1,050	08/25	0.12 mi	-	2	Terraced House
£825	08/25	0.13 mi	Spring Gardens, Salford	2	Terraced House
£625	07/25	0.13 mi	Spring Gardens, Salford	2	Terraced House
£950	05/24	0.13 mi	Spring Gardens, Salford, M6	2	Terraced House
£1,250	10/25	0.13 mi	Jubilee Street, Salford	2	Terraced House
£1,250	10/25	0.13 mi	Jubilee Street, Salford	2	Detached House
£950	07/25	0.13 mi	Reservoir Street, Salford	2	Terraced House
£1,200	11/25	0.13 mi	Ash Street, Salford, Manchester, M6	2	Terraced House
£1,250	07/25	0.13 mi	50 Reservoir Street, M6 5NB	2	Terraced House
£1,200	05/25	0.14 mi	Alder Street, Chimney Pot Park	2	House
£1,200	05/24	0.14 mi	Alder Street, Salford, M6	2	Terraced House
£900	05/24	0.15 mi	Spring Gardens, Salford	2	Terraced House
£950	05/24	0.15 mi	Keswick Grove, Salford, Greater Manchester, M6	2	Terraced House

Local Area Statistics

Population in M5	14,44514,445
Population in Salford	88,69788,697
Town centre distance	1.34 miles away1.34 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	1.52 miles away1.52 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+6%+6%
Sales demand	Buyer's marketBuyer's market
Capital growth (5yrs)	-2%-2%

Property History

Listed for £150,000

December 6, 2024

Floor Plans

Description

Two Bedroom Apartment +
Spacious Open Plan Living Area +
Spacious Master Bedroom +
Excellent Location +
Excellent Transport Links +
One Secure Allocated Parking Space +
Excellent First Time Buy +
Excellent Buy To Let Investment +
EWS1 Available +

C & R City are pleased to bring the market this two bedroom apartment situated in Quay 5, Block C, Ordsall Lane, Salford M5. The apartment is spacious throughout and comprises of an L shaped hallway which provides access to all rooms, a spacious open plan living area with fitted kitchen, two double bedrooms and a three piece bathroom suite. The apartment also benefits from one secure allocated parking space.

The regenerated area of Ordsall Lane now offers an abundance of residential developments all attracting first time buyers and investors alike due to its proximity to public transport links, motorways and Media City. Residents are also within walking distance to Regent Road retail park.

Property additional info

Hallway:
Laminate flooring. Electric panel heater. Entry phone system. Ceiling light point. Providing access to all rooms.

Lounge: 6.02m x 4.87m (19' 9" x 16' )
Laminate flooring. Large double glazed floor to ceiling windo to rear aspect. Electric panel heaters. T.V & phone points. Ceiling light points. Range of power points. Kitchen Area. Laminate flooring. Fully fitted kitchen with a range of base and wall units finished in high gloss white with dark grey marble effect worktop. Stainless steel inset 1 ½ bowl sink with chrome mixer tap. Integrated electric hob and oven. Ceiling light point. Range of power points.

Bedroom One: 6.02m x 2.90m (19' 9" x 9' 6")
Double glazed window to rear elevation. Electric wall panel heater. TV point. Ceiling light point. Range of power points. Dressing Area.

Bedroom Two: 2.86m x 2.72m (9' 5" x 8' 11")
Double glazed window to rear elevation. Electric wall panel heater. TV point. Ceiling light point. Range of power points.

Bathroom: 2.36m x 1.88m (7' 9" x 6' 2")
White three piece suite comprising; W.C, hand wash basin and bath with overhead shower. White wall tiles. Extractor duct. Ceiling light point.

Tenure:
Lease term: 999 years lease from build: Monthly service charge of £ 163. Ground Rent: An annual ground rent of £110 is payable per annum. EPC rating: C