3 Bed Flat, Single Let, Salford, M5 5AD, £150,000

SQUIRES COURT Canterbury Gardens, Salford, Greater Manchester, M5 5AD - 9 views - 3 months ago

Leasehold
BTL
ROI: 13%
73 m²
+7 photos

ValuationUndervalued

Sold Prices£88K - £405K
Sold Prices/m²£1.4K/m² - £5.3K/m²

 

 

Square Metres

72.70 m²
Price/m²£2.1K/m²

Value Estimate

£180,203
BMV20%

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

£1,100 - £3,900

Rent Estimate

£1,200

Running Costs/mo

£729

Cashflow/mo

£471

Cashflow/yr

£5,655

ROI

13%

Gross Yield

10%

Local Sold Prices

32 sold prices from £88K to £405K, average is £205K. £1.4K/m² to £5.3K/m², average is £2.5K/m².

PriceDateDistanceAddressBeds 
£125K09/210.04 miFlat 18, Reeves Court, Canterbury Gardens, Salford, Greater Manchester M5 5AE3
£121K10/200.04 miFlat 33, Knights Court, Canterbury Gardens, Salford, Greater Manchester M5 5AB3
£130K03/230.04 miFlat 21, Knights Court, Canterbury Gardens, Salford, Greater Manchester M5 5AB3
£135K01/210.09 miApartment 158, Ladywell Point, Pilgrims Way, Salford, Greater Manchester M50 1AW3
£155K07/230.6 mi45, Eccles Fold, Eccles, Manchester, Greater Manchester M30 0NT3
£122.5K01/230.66 miFlat 4, Victoria House, Victoria Road, Salford, Greater Manchester M6 8LF3
£210K10/230.68 mi12, Guildford Road, Salford, Greater Manchester M6 8PT3
£132K11/200.76 miFlat 2, Laurel House, Light Oaks Road, Salford, Greater Manchester M6 8NQ3
£131K11/200.78 miFlat 3, Woolston House, Moss Meadow Road, Salford, Greater Manchester M6 8PL3
£88K11/210.82 mi63, Sugar Mill Square, Salford, Greater Manchester M5 5EB3
£112.3K03/210.82 mi43, Sugar Mill Square, Salford, Greater Manchester M5 5EB3
£141.5K10/231.29 miFlat 2, Darley House, My Street, Salford, Greater Manchester M5 5GJ3
£405K11/211.3 miApartment 6, Stableford Hall, Stableford Avenue, Eccles, Manchester, Greater Manchester M30 8AP3
£145.5K06/211.44 mi2, Osborne Street, Salford, Greater Manchester M6 5LG3
£137.5K08/211.65 miFlat 37, Carthorpe Arch, Eccles New Road, Salford, Greater Manchester M5 4UR3
£140K01/211.72 miFlat 33, Redmires Court, Eccles New Road, Salford, Greater Manchester M5 4US3
£255K12/201.75 mi20, The Coppice, Worsley, Manchester, Greater Manchester M28 2NS3
£276K10/231.76 mi81, Winnipeg Quay, Salford, Greater Manchester M50 3TY3
£276K10/231.76 mi81, Winnipeg Quay, Salford, Greater Manchester M50 3TY3
£263.3K12/201.76 mi52, Winnipeg Quay, Salford, Greater Manchester M50 3TY3
£243K04/211.77 mi81, Vancouver Quay, Salford, Greater Manchester M50 3TX3
£270K04/231.77 mi87, Vancouver Quay, Salford, Greater Manchester M50 3TX3
£245K04/231.77 mi78, Vancouver Quay, Salford, Greater Manchester M50 3TX3
£290K12/231.8 mi36, Vancouver Quay, Salford, Greater Manchester M50 3TU3
£262.8K02/231.81 mi47, Vancouver Quay, Salford, Greater Manchester M50 3TU3
£225K01/211.82 mi22, Vancouver Quay, Salford, Greater Manchester M50 3TT3
£290K07/231.82 mi5, Toad Pond Close, Swinton, Manchester, Greater Manchester M27 0BW3
£200K02/211.83 mi7, St Lawrence Quay, Salford, Greater Manchester M50 3XT3
£233K11/231.89 mi131, Chatsworth Road, Worsley, Manchester, Greater Manchester M28 2WR3
£229K03/211.89 mi117, Chatsworth Road, Worsley, Manchester, Greater Manchester M28 2WR3
£230K12/201.89 mi109, Chatsworth Road, Worsley, Manchester, Greater Manchester M28 2WR3
£165K03/231.95 mi14, Hartington Road, Eccles, Manchester, Greater Manchester M30 8HS3

Local Rents

17 rents from £1.1K/mo to £3.9K/mo, average is £1.5K/mo.

RentDateDistanceAddressBeds 
£1,35001/250.05 mi-3
£1,10005/240.06 mi-3
£1,25006/240.08 miLadywell Point, Pilgrims Way, Salford, M503
£1,49505/240.09 miLadywell Point, Pilgrims Way, Salford, M50 1AW3
£1,20005/240.09 miLadywell Point, Pilgrims Way, Manchester, Greater Manchester, M503
£1,20005/240.09 miCanterbury Gardens, Salford3
£1,40005/240.13 miPilgrims Way, Salford, Greater Manchester, M503
£2,00012/240.2 mi-3
£2,00006/240.2 miTrafalgar Road, Salford, M63
£3,90005/240.33 mi-3
£1,20005/240.37 miWellington Road, Manchester3
£1,35003/250.42 mi-3
£2,00005/240.55 mi-3
£1,59012/240.56 mi-3
£1,50010/240.57 mi-3
£1,70005/240.58 miLancaster Road, Salford3
£1,75005/240.62 miWestminster House, Ellesmere Road, Ellesmere Park, Manchester3

Local Area Statistics

Population in M5

14,445

Population in Salford

88,697

Town centre distance

1.70 miles away

Nearest school

0.10 miles away

Nearest train station

0.08 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+35%

Sales demand

Buyer's market

Capital growth (5yrs)

+6%

Property History

Listed for £150,000

December 13, 2024

Sold for £108,500

2022

Sold for £79,000

2015

Floor Plans

Description

  • Renovated Throughout +
  • Modern Kitchen And Bathroom +
  • Well Presented Throughout +
  • Parking +
  • Sought-After Location +
  • Ideal First Time Buy +
  • Ideal Investment +
  • Chain Free +

The Property

Fantastic investment opportunity or ideal for first-time buyers!

Purplebricks proudly presents this generously renovated 3-bedroom apartment, occupying the 2nd floor. Boasting a spacious layout, it features a welcoming hallway, a lounge with dining space, a newly installed contemporary kitchen, two sizable double bedrooms, a single bedroom, and a modern family bathroom. Kitchen appliances will be included.

Enjoy the comforts of double glazing, gas central heating and underfloor heating in kitchen and bathroom. Outside, a parking spot and charming communal gardens await. Conveniently positioned close to various transportation links, including trains, trams, buses, and motorways, making commuting a breeze. Early viewing highly recommended. Contact Purplebricks today for a viewing. Sold with no onward chain and ample parking for residents and guests.

Property ownership information

Ground rent review period: No review period

Service charge review period: No review period

Lease end date: 30/11/2189

Property Description Disclaimer

This is a general description of the property only, and is not intended to constitute part of an offer or contract. It has been verified by the seller(s), unless marked as 'draft'. Purplebricks conducts some valuations online and some of our customers prepare their own property descriptions, so if you decide to proceed with a viewing or an offer, please note this information may have been provided solely by the vendor, and we may not have been able to visit the property to confirm it. If you require clarification on any point then please contact us, especially if you’re traveling some distance to view. All information should be checked by your solicitor prior to exchange of contracts. Successful buyers will be required to complete anti-money laundering checks. Our partner, Lifetime Legal Limited, will carry out the initial checks on our behalf. The current non-refundable cost is £80 inc. VAT per offer. You’ll need to pay this to Lifetime Legal and complete all checks before we can issue a memorandum of sale. The cost includes obtaining relevant data and any manual checks and monitoring which might be required, and includes a range of benefits. Purplebricks will receive some of the fee taken by Lifetime Legal to compensate for its role in providing these checks.

Agent Details

Purplebricks, covering Manchester

0161 524 9265

Next Steps?

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