2 Bed Flat, Single Let, Salford, M7 2GX, £150,000

Lower Broughton Road, Salford, M7 2GX - 5 views - 4 months ago

Sold STC
Leasehold
BTL
ROI: 3%
~68 m²
+6 photos

ValuationUndervalued

Sold Prices£69.5K - £276.5K
Sold Prices/m²£1.1K/m² - £3.8K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.2K/m²

Value Estimate

£175,649
BMV17%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£37,500

Stamp Duty & Legal Fees

£5,700

Total Cash In

£43,200

 

 

Cash Out

 

Rent Range

£589 - £1,500

Rent Estimate

£766

Running Costs/mo

£642

Cashflow/mo

£124

Cashflow/yr

£1,489

ROI

3%

Gross Yield

6%

Local Sold Prices

42 sold prices from £69.5K to £276.5K, average is £132K. £1.1K/m² to £3.8K/m², average is £2.6K/m².

PriceDateDistanceAddressBeds 
£145K05/230.52 mi16, Trentham Lawns, Salford, Greater Manchester M6 6QN2
£120K01/230.59 mi3, Betula Grove, Salford, Greater Manchester M7 2AB2
£100K03/210.64 mi76, Velour Close, Salford, Greater Manchester M3 6AP2
£100K03/210.65 mi76, Velour Close, Salford, Greater Manchester M3 6AP2
£110K09/210.65 mi44, Velour Close, Salford, Greater Manchester M3 6AP2
£131K06/210.65 mi88, Velour Close, Salford, Greater Manchester M3 6AP2
£125K12/220.66 mi65, Blackburn Street, Salford, Greater Manchester M3 6AS2
£134K11/200.66 mi53, Blackburn Street, Salford, Greater Manchester M3 6AS2
£125K10/200.66 mi59, Blackburn Street, Salford, Greater Manchester M3 6AS2
£120K04/210.7 mi25, Chiffon Way, Salford, Greater Manchester M3 6AB2
£132.5K03/210.7 mi1, Angora Drive, Salford, Greater Manchester M3 6AL2
£166K01/230.74 mi57, Linen Court, Salford, Greater Manchester M3 6JG2
£131.5K11/200.74 mi66, Linen Court, Salford, Greater Manchester M3 6JG2
£168K12/220.74 mi61, Linen Court, Salford, Greater Manchester M3 6JG2
£170K05/230.74 mi17, Linen Court, Salford, Greater Manchester M3 6JG2
£120K09/210.74 mi36, Angora Drive, Salford, Greater Manchester M3 6AR2
£135K02/230.75 mi38, Calico Close, Salford, Greater Manchester M3 6AH2
£125K08/210.75 mi44, Calico Close, Salford, Greater Manchester M3 6AH2
£90K03/210.76 miFlat 78, The Peninsula Building, Kersal Way, Salford, Greater Manchester M7 3FT2
£160K09/220.8 mi6, St Albans Terrace, Manchester, Greater Manchester M8 8BZ2
£105K07/230.82 miFlat 71, Tilehurst Court, Kersal Way, Salford, Greater Manchester M7 3ST2
£72K11/210.82 miFlat 53, Tilehurst Court, Kersal Way, Salford, Greater Manchester M7 3ST2
£96.5K04/210.82 miFlat 54, Tilehurst Court, Kersal Way, Salford, Greater Manchester M7 3ST2
£69.5K03/240.82 miTilehurst Court, Flat 70, Kersal Way, Salford, Greater Manchester M7 3ST2
£71K11/200.82 miFlat 6, Tilehurst Court, Kersal Way, Salford, Greater Manchester M7 3ST2
£156K02/230.84 mi59, Waterloo Road, Manchester, Greater Manchester M8 8BY2
£108K07/230.85 miFlat 14, Grey Friar Court, Bridgewater Street, Salford, Greater Manchester M3 7LB2
£130K02/210.92 mi11, Georgette Drive, Salford, Greater Manchester M3 7AF2
£150K08/210.92 mi1, Georgette Drive, Salford, Greater Manchester M3 7AF2
£178K09/210.93 mi36, Bridgewater Street, Salford, Greater Manchester M3 7AS2
£166K07/230.93 mi19, Lockett Gardens, Salford, Greater Manchester M3 6BJ2
£166K07/230.93 mi19, Lockett Gardens, Salford, Greater Manchester M3 6BJ2
£170K06/230.94 mi22, Brotherton Drive, Salford, Greater Manchester M3 6BH2
£170K06/230.94 mi22, Brotherton Drive, Salford, Greater Manchester M3 6BH2
£111.2K10/230.95 mi21, Woolpack Green, Salford, Greater Manchester M6 7AY2
£149K11/230.95 miFlat 16, Tower Grange, New Hall Road, Salford, Greater Manchester M7 4EL2
£101K03/210.95 miFlat 2, Tower Grange, New Hall Road, Salford, Greater Manchester M7 4EL2
£140K11/200.95 mi12, Twillbrook Drive, Salford, Greater Manchester M3 7AR2
£167K03/210.96 miFlat 214, Canon Green Court, West King Street, Salford, Greater Manchester M3 7HA2
£150K05/230.96 mi12, Twillbrook Drive, Salford, Greater Manchester M3 7AR2
£150K06/211 miFlat 2, Norwood Lodge, Vine Street, Salford, Greater Manchester M7 3PB2
£276.5K02/211 miFlat 11, Old Court House, Encombe Place, Salford, Greater Manchester M3 6FJ2

Local Rents

52 rents from £589/mo to £1.5K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,15005/240.02 miLower Broughton Road, Salford, Greater Manchester, M72
£1,20005/240.02 miLower Broughton Road, Salford, Greater Manchester, M72
£1,10005/240.03 miCrossbank, Salford2
£1,10003/240.03 miCrossbank, Salford2
£1,10003/240.03 miCrossbank, Salford2
£1,10003/240.03 miCrossbank, Salford2
£1,00007/240.04 miLower Broughton Road, Salford, Greater Manchester, M72
£1,10005/240.04 miCrossbank House, 300 Lower Broughton Road, Salford, M72
£1,10005/240.04 miCrossbank House, 300 Lower Broughton Road, Salford, M72
£1,10005/240.04 miCrossbank House, 300 Lower Broughton Road, Salford, M72
£1,19506/240.04 miCrossbank House, 300 Lower Broughton, Salford, M72
£1,10007/240.06 mi-2
£99502/250.06 mi-2
£89507/240.06 mi-2
£95001/250.06 mi-2
£89006/240.07 mi-2
£89003/250.07 mi-2
£99502/240.11 mi-2
£99507/240.13 miGrecian Street, Salford2
£99506/240.15 miGrecian Street2
£99701/250.16 mi-2
£1,48003/250.16 mi-2
£1,45002/250.17 mi-2
£1,39502/250.17 mi-2
£1,20005/240.23 mi-2
£1,50001/250.23 mi-2
£1,15012/240.24 mi-2
£1,12705/240.29 mi4 Welford Street, Salford, M6 6BB2
£1,12705/240.29 mi32 Welford Street, Salford, M6 6BB2
£1,00005/240.3 miDuke Street, Salford2
£1,00005/240.3 miDuke Street, Salford2
£96001/250.3 mi-2
£1,19505/240.31 miEmpyrean, Salford, M72
£1,40003/250.32 mi-2
£1,22505/240.32 miEmpyrean, Salford, M72
£1,19505/240.32 miEmpyrean, Salford, M7 1BQ2
£1,29507/240.32 miEmpyrean, Salford, M72
£1,05005/240.32 miBlandford Road, Salford, M62
£1,19505/240.35 miEmpyrean, Salford, M72
£1,27507/240.36 miThe Vibe, Salford2
£1,27508/240.36 miThe Vibe, Salford2
£95001/250.36 mi-2
£1,20006/240.37 miHope Road, Salford, M62
£1,10005/240.38 miThe Vibe :: Salford2
£1,10001/250.38 mi-2
£1,10005/240.38 mi-2
£1,10003/250.38 mi-2
£1,25003/240.38 miGreat Cheetham Street West, Salford, Greater Manchester, M72
£58905/240.39 miFor people aged 21 and over who are working: Camp Street, Salford, Greater Manchester, M72
£95006/240.39 miCamp Street,Lower Broughton,Salford,M72
£97501/250.39 mi-2
£1,17501/250.4 mi-2

Local Area Statistics

Population in M7

27,601

Population in Salford

88,697

Town centre distance

1.47 miles away

Nearest school

0.20 miles away

Nearest train station

0.86 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+36%

Sales demand

Seller's market

Capital growth (5yrs)

+38%

Property History

Listed for £150,000

December 6, 2024

Floor Plans

Description

  • Two-bedroom flat +
  • EPC rating C +
  • Open-plan design +
  • Modern kitchen with appliances +
  • Floor-to-ceiling windows +
  • River views +
  • Master bedroom en-suite +
  • Allocated parking space +
  • Close to public transport +
  • Near parks and amenities +

Reeds Rains are thrilled to present this immaculate two-bedroom flat now available for sale.. This property is a real gem with an EPC rating of C and nestled in the heart of the vibrant urban area, close to Manchester City and Salford Uni.

A standout feature of this flat is the open-plan design, creating a wonderful sense of spaciousness. You'll find the kitchen sleek and modern, equipped with integrated appliances and flanked by the reception room. This arrangement not only promotes a sociable atmosphere but also makes multitasking a breeze!

The reception room, featuring floor-to-ceiling windows, floods the area with natural light and offers stunning views over the river. It's a perfect spot to unwind after a long day or entertain guests at the weekend.

Both bedrooms are airy, double-sized spaces, and the master bedroom boasts an en-suite, adding a touch of luxury and convenience to your daily routine.

But that's not all! This flat also comes with the added bonus of an allocated parking space, saving you the hassle of finding a spot when you get home.

When it comes to location, convenience is the keyword. You're within a stone's throw away from public transport links and local amenities. Plus, the nearby parks offer a green oasis amidst the city hustle and bustle.

This property is ideal for first-time buyers, investors, or students seeking university accommodation. So why wait? This could be just the place you've been looking for!

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.

SAF220698/2

Agent Details

Reeds Rains, Salford

0161 524 9343

Next Steps?

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