2 Bed Flat, Single Let, Salford, M5 3NE, £150,000

Quay 5, Block C, Ordsall Lane, Salford, M5 3NE - 3 views - 4 months ago

Under Offer

Leasehold

BTL

ROI: 8%

~68 m²

+5 photos

ValuationOvervalued

Sold Prices	£98K - £228K
Sold Prices/m²	£1.4K/m² - £2.6K/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	£900 - £1,850£900 - £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 £98K to £228K, average is £120K. £1.4K/m² to £2.6K/m², average is £2K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£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
£115K	06/21	0.46 mi	Flat 25, Melmerby Court, Eccles New Road, Salford, Greater Manchester M5 4UG	-	-	2	Flat
£135K	03/21	0.46 mi	Flat 103, Melmerby Court, Eccles New Road, Salford, Greater Manchester M5 4UQ	-	-	2	Flat
£113K	01/21	0.46 mi	Flat 60, Melmerby Court, Eccles New Road, Salford, Greater Manchester M5 4UP	-	-	2	Flat
£98K	03/21	0.46 mi	Flat 53, Melmerby Court, Eccles New Road, Salford, Greater Manchester M5 4UP	-	-	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
£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
£111K	04/21	0.49 mi	Flat 16, Wearhead Row, Eccles New Road, Salford, Greater Manchester M5 4UH	-	-	2	Flat
£113.5K	03/21	0.49 mi	Flat 29, Kielder Square, Eccles New Road, Salford, Greater Manchester M5 4UL	-	-	2	Flat
£117.5K	11/21	0.49 mi	Flat 23, Kielder Square, Eccles New Road, Salford, Greater Manchester M5 4UL	-	-	2	Flat
£115K	10/20	0.49 mi	Flat 77, Kielder Square, Eccles New Road, Salford, Greater Manchester M5 4UN	-	-	2	Flat
£113K	10/20	0.49 mi	Flat 100, Kielder Square, Eccles New Road, Salford, Greater Manchester M5 4UW	-	-	2	Flat
£117K	03/21	0.49 mi	Flat 54, Kielder Square, Eccles New Road, Salford, Greater Manchester M5 4UN	-	-	2	Flat
£115K	12/20	0.49 mi	Flat 123, Kielder Square, Eccles New Road, Salford, Greater Manchester M5 4UW	-	-	2	Flat
£122K	05/21	0.5 mi	Flat 15, Redmires Court, Eccles New Road, Salford, Greater Manchester M5 4US	-	-	2	Flat
£140K	07/23	0.5 mi	Flat 49, Redmires Court, Eccles New Road, Salford, Greater Manchester M5 4US	-	-	2	Flat
£112.5K	01/21	0.5 mi	Flat 73, Redmires Court, Eccles New Road, Salford, Greater Manchester M5 4UT	-	-	2	Flat
£130K	03/24	0.56 mi	Garbo Court, Flat 46, Monroe Close, Salford, Greater Manchester M6 8GH	£2,364	55	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
£114K	02/21	0.56 mi	Flat 2, Bogart Court, Monroe Close, Salford, Greater Manchester M6 8GH	-	-	2	Flat
£120K	01/21	0.56 mi	Flat 20, Flynn Court, Monroe Close, Salford, Greater Manchester M6 8GH	-	-	2	Flat
£120K	11/20	0.56 mi	Flat 38, Garbo 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
£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
£228K	11/20	0.57 mi	19, Chaplin Close, Salford, Greater Manchester M6 8FW	£2,621	87	2	Flat
£145K	05/23	0.63 mi	16, Trentham Lawns, Salford, Greater Manchester M6 6QN	-	-	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
£117K	03/21	0.82 mi	83, Sugar Mill Square, Salford, Greater Manchester M5 5EB	£2,213	53	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	03/23	0.85 mi	Flat 1, Hyndman Court, Sheader Drive, Salford, Greater Manchester M5 5BX	-	-	2	Flat
£112K	04/21	0.87 mi	Flat 21, Anthistle Court, Sheader Drive, Salford, Greater Manchester M5 5BY	-	-	2	Flat
£108K	06/23	0.87 mi	Flat 26, Anthistle Court, Sheader Drive, Salford, Greater Manchester M5 5BY	-	-	2	Flat
£138.5K	11/21	0.88 mi	3, Wortley Avenue, Salford, Greater Manchester M6 8DB	£2,164	64	2	Flat
£130K	11/23	0.88 mi	Flat 22, Wileman Court, Sheader Drive, Salford, Greater Manchester M5 5BU	-	-	2	Flat
£125K	02/23	0.9 mi	Flat 23, Anthistle Court, Sheader Drive, Salford, Greater Manchester M5 5BY	-	-	2	Flat
£100K	10/21	0.9 mi	Flat 26, Wileman Court, Sheader Drive, Salford, Greater Manchester M5 5BU	-	-	2	Flat
£155K	12/22	0.91 mi	Flat 24, Riddell Court, Sheader Drive, Salford, Greater Manchester M5 5BW	-	-	2	Flat
£125K	11/20	0.92 mi	Flat 11, Riddell Court, Sheader Drive, Salford, Greater Manchester M5 5BW	-	-	2	Flat

Local Rents

51 rents from £900/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
£1,850	05/24	0.02 mi	-	2	Flat
£1,400	05/24	0.02 mi	Block C Alto, Sullivan Way, M3 6GD	2	Flat
£1,000	05/24	0.11 mi	Bronte Court, Rosehill Close, SALFORD, M6	2	Flat
£950	05/24	0.13 mi	Spring Gardens, Salford, M6	2	Terraced 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
£1,150	01/25	0.16 mi	-	2	Terraced House
£1,150	12/24	0.16 mi	-	2	Terraced House
£1,100	05/24	0.17 mi	Alder Street, Salford, M6	2	Terraced House
£1,250	05/24	0.17 mi	-	2	Terraced House
£1,250	02/25	0.17 mi	-	2	Terraced House
£1,150	03/24	0.17 mi	Reservoir Street, Manchester, Greater Manchester, M6	2	Terraced House
£1,350	05/24	0.17 mi	-	2	Terraced House
£1,250	05/24	0.17 mi	Field Street, Chimney Pot Park, Salford	2	Terraced House
£1,200	05/24	0.18 mi	Reservoir Street, Salford, Greater Manchester, M6	2	Terraced House
£1,200	05/24	0.18 mi	Reservoir Street, Salford, Greater Manchester, M6	2	Terraced House
£1,100	05/24	0.18 mi	Laburnum Street, Salford, M6	2	Terraced House
£1,100	03/24	0.18 mi	Laburnum Street, Manchester, Greater Manchester, M6	2	Terraced House
£1,350	03/25	0.18 mi	-	2	Terraced House
£1,200	05/24	0.19 mi	-	2	Terraced House
£1,195	02/24	0.19 mi	-	2	Terraced House
£1,145	12/24	0.19 mi	-	2	Terraced House
£1,200	03/25	0.19 mi	-	2	Terraced House
£1,300	05/24	0.19 mi	Laburnum Street, Salford	2	Terraced House
£1,150	05/24	0.2 mi	-	2	Terraced House
£1,000	03/25	0.2 mi	-	2	Flat
£1,100	01/25	0.22 mi	-	2	Terraced House
£1,250	12/24	0.22 mi	-	2	Semi-Detached House
£1,150	05/24	0.24 mi	-	2	Terraced House
£1,200	05/24	0.24 mi	Ash Street, Salford	2	Terraced House
£1,100	05/24	0.24 mi	88 Langworthy Road, Manchester, Greater Manchester, M6	2	Terraced House
£1,200	02/25	0.26 mi	-	2	Semi-Detached House
£1,000	05/24	0.27 mi	Langworthy Road, Salford, Greater Manchester, M6	2	Terraced House
£1,000	05/24	0.27 mi	Nansen Street, Salford, M6	2	Terraced House
£1,100	05/24	0.27 mi	Liverpool Street, Pendleton One, Salford, Lancashire, M6	2	Flat
£1,199	03/25	0.27 mi	-	2	Terraced House
£975	05/24	0.28 mi	Langworthy Road, Salford	2	Flat
£1,100	06/24	0.28 mi	-	2	Terraced House
£1,200	06/24	0.3 mi	-	2	Terraced House
£1,200	05/24	0.3 mi	Blodwell Street, Manchester, M6	2	Terraced House
£1,050	12/24	0.31 mi	-	2	Terraced House
£1,050	06/24	0.31 mi	Nansen Street, Salford, M6	2	Terraced House
£1,300	05/24	0.31 mi	-	2	Terraced House
£1,400	03/25	0.31 mi	-	2	Terraced House
£900	05/24	0.33 mi	Grange Street, Salford	2	Terraced House
£1,400	02/25	0.33 mi	-	2	Terraced House
£1,100	05/24	0.34 mi	Salford, Salford, M5	2	Flat
£1,100	06/24	0.35 mi	Brown Street, Salford, M6	2	Terraced House
£1,425	05/24	0.37 mi	Eccles Old Road, Pendleton, Salford, M6	2	Flat

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)	+35%+35%
Sales demand	Buyer's marketBuyer's market
Capital growth (5yrs)	+6%+6%

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