2 Bed Terraced House, Single Let, Salford, M7 3TE, £110,000

36 Ukraine Road, Salford, Greater Manchester, M7 3TE - 6 views - 3 months ago

Sold STC
Auction
BTL
ROI: 11%
~68 m²
+5 photos

ValuationUndervalued

Sold Prices£110K - £350K
Sold Prices/m²£1.3K/m² - £3.3K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.6K/m²

Value Estimate

£132,000
BMV20%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£27,500

Stamp Duty & Legal Fees

£4,500

Total Cash In

£32,000

 

 

Cash Out

 

Rent Range

£825 - £2,500

Rent Estimate

£825

Running Costs/mo

£529

Cashflow/mo

£296

Cashflow/yr

£3,555

ROI

11%

Gross Yield

9%

Local Sold Prices

45 sold prices from £110K to £350K, average is £164K. £1.3K/m² to £3.3K/m², average is £2.3K/m².

PriceDateDistanceAddressBeds 
£125K10/200.02 mi23, Ukraine Road, Salford, Greater Manchester M7 3TE2
£130K03/230.02 mi19, Ukraine Road, Salford, Greater Manchester M7 3TE2
£185K07/220.12 mi9, St Aidans Grove, Salford, Greater Manchester M7 3TN2
£125K08/210.31 mi41, Levens Street, Salford, Greater Manchester M6 6DY2
£146K10/230.31 mi19, Levens Street, Salford, Greater Manchester M6 6DY2
£110K10/230.36 mi33, Romney Street, Salford, Greater Manchester M6 6DG2
£166K03/230.36 mi21, Romney Street, Salford, Greater Manchester M6 6DG2
£140K06/230.36 mi20, Romney Street, Salford, Greater Manchester M6 6DG2
£140K02/210.37 mi17, Littleton Road, Salford, Greater Manchester M6 6ED2
£130K03/210.37 mi6, Auckland Drive, Salford, Greater Manchester M6 6HP2
£175K08/210.41 mi86, Gerald Road, Salford, Greater Manchester M6 6DF2
£168K03/240.42 mi17, Owen Street, Salford, Greater Manchester M6 6RT2
£126K01/220.42 mi184, Cromwell Road, Salford, Greater Manchester M6 6DE2
£110K01/240.43 mi156, Cromwell Road, Salford, Greater Manchester M6 6DE2
£141.5K07/240.47 mi149, Seaford Road, Salford, Greater Manchester M6 6DD2
£120K10/210.47 mi27, Haddon Street, Salford, Greater Manchester M6 6BN2
£155K08/230.47 mi18, Langley Road, Salford, Greater Manchester M6 6JW2
£155K07/240.53 mi87, Blandford Road, Salford, Greater Manchester M6 6BD2
£134K06/230.57 mi33, Welford Street, Salford, Greater Manchester M6 6BB2
£110K07/230.57 mi13, Welford Street, Salford, Greater Manchester M6 6BB2
£150K03/210.6 mi7, Dickens Close, Salford, Greater Manchester M7 3DR2
£192K01/230.61 mi14, Corinthian Avenue, Salford, Greater Manchester M7 2JN2
£157.5K05/210.61 mi16, Corinthian Avenue, Salford, Greater Manchester M7 2JN2
£175K06/230.61 mi18, Isis Close, Salford, Greater Manchester M7 3AQ2
£254.1K12/230.63 mi62, Christie Lane, Salford, Greater Manchester M7 3BN2
£165K11/200.66 mi43, Greene Way, Salford, Greater Manchester M7 3BP2
£175K04/210.66 mi27, Greene Way, Salford, Greater Manchester M7 3BP2
£225K09/210.66 mi19, Nevile Road, Salford, Greater Manchester M7 3PS2
£225K01/210.67 mi5, Nevile Road, Salford, Greater Manchester M7 3PS2
£220K10/220.67 mi29, Oaklands Road, Salford, Greater Manchester M7 3PU2
£152.5K01/210.67 mi7, Minoan Gardens, Salford, Greater Manchester M7 2JL2
£164K12/200.73 mi17, Athenian Gardens, Salford, Greater Manchester M7 1JR2
£350K10/220.74 mi40, Moor Lane, Salford, Greater Manchester M7 3PZ2
£172.5K11/230.75 mi2, Gosport Square, Salford, Greater Manchester M7 1LZ2
£200K11/220.78 mi48, Maurice Street, Salford, Greater Manchester M6 7DG2
£150K05/210.78 mi10, Maurice Street, Salford, Greater Manchester M6 7DG2
£197K09/230.78 mi14, Maurice Street, Salford, Greater Manchester M6 7DG2
£206K05/240.78 mi40, Maurice Street, Salford, Greater Manchester M6 7DG2
£195K04/230.81 mi79, Maurice Drive, Salford, Greater Manchester M6 7EE2
£153K07/220.85 mi11, Orion Place, Salford, Greater Manchester M7 1WD2
£220K12/220.86 mi145, Heath Avenue, Salford, Greater Manchester M7 1NY2
£170K11/210.87 mi12, Pentlands Avenue, Salford, Greater Manchester M7 2YG2
£195K11/230.95 mi24, Dixon Avenue, Salford, Greater Manchester M7 4RG2
£178.5K03/210.96 mi22, Evergreen Mews, Salford, Greater Manchester M7 2GU2
£156K12/221 mi26, Broomhall Road, Pendlebury, Manchester, Greater Manchester M27 8XP2

Local Rents

51 rents from £825/mo to £2.5K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,21305/240.02 mi29 Ukraine Road, Salford, M7 3TE2
£1,15005/240.02 mi-2
£1,29508/240.02 mi-2
£92508/240.1 mi-2
£90002/240.1 mi-2
£90002/240.1 mi-2
£1,10003/250.12 mi-2
£1,10005/240.13 miCity Lofts, 94 The Quays, Salford Quays, Manchester, M502
£92502/250.15 mi-2
£1,20006/240.23 miHope Road, Salford, M62
£1,40003/250.26 mi-2
£2,50002/250.26 mi-2
£1,35001/250.26 mi-2
£1,30006/240.27 mi-2
£1,40006/240.27 miPark View Road, Salford, M62
£2,20001/250.29 mi-2
£99012/240.3 mi-2
£1,10002/250.33 mi-2
£1,25002/250.35 mi-2
£1,25003/250.35 mi-2
£1,10005/240.36 mi-2
£1,20003/250.36 mi-2
£1,39502/250.38 mi-2
£1,45002/250.38 mi-2
£1,48003/250.39 mi-2
£82512/240.4 mi-2
£82512/240.4 mi-2
£99505/240.41 miLichfield Street, Salford2
£1,05005/240.41 miLichfield Street, Salford2
£1,08005/240.41 mi-2
£97501/250.42 mi-2
£1,00003/250.45 mi-2
£1,10006/240.46 miRugeley Street, Salford2
£1,15012/240.49 mi-2
£89507/240.51 mi-2
£95001/250.51 mi-2
£1,10005/240.51 miCrossbank House, 300 Lower Broughton Road, Salford, M72
£1,10005/240.51 miCrossbank House, 300 Lower Broughton Road, Salford, M72
£1,10005/240.51 miCrossbank House, 300 Lower Broughton Road, Salford, M72
£1,19506/240.51 miCrossbank House, 300 Lower Broughton, Salford, M72
£1,10007/240.51 mi-2
£99502/250.51 mi-2
£1,10005/240.52 miCrossbank, Salford2
£1,10003/240.52 miCrossbank, Salford2
£1,10003/240.52 miCrossbank, Salford2
£1,10003/240.52 miCrossbank, Salford2
£1,15005/240.54 miLower Broughton Road, Salford, Greater Manchester, M72
£1,20005/240.54 miLower Broughton Road, Salford, Greater Manchester, M72
£89006/240.54 mi-2
£89003/250.54 mi-2
£96001/250.55 mi-2

Local Area Statistics

Population in M7

27,601

Population in Salford

88,697

Town centre distance

0.97 miles away

Nearest school

0.10 miles away

Nearest train station

1.15 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+36%

Sales demand

Seller's market

Capital growth (5yrs)

+38%

Property History

Listed for £110,000

December 16, 2024

Sold for £12,500

1998

Floor Plans

Description

  • CHAIN FREE +
  • OFFERED FOR SALE BY HILLS PROPERTY AUCTIONS +
  • TWO RECEPTION ROOMS +
  • TWO GENEROUS BEDROOMS +
  • POPULAR RESIDENTIAL AREA +
  • UPVC DOUBLE GLAZED WINDOWS +
  • CLOSE TO MANY LOCAL AMENITIES & EXCELLENT TRANSPORT LINKS +
    • CURRENT BID - £123,500 * This Auction will end at 2pm on Tuesday 24th December 2024 * +

* CHAIN FREE * A PERFECT INVESTMENT OPPORTUNITY * Ideally located in a POPULAR RESIDENTIAL AREA, this FANTASTIC property features 2 GENEROUS BEDROOMS and a bathroom to the first floor, whilst the ground floor comprises of a small hallway, 2 RECEPTION ROOMS, and a kitchen to the rear. UPVC DOUBLE GLAZED, the property offers an EXCELLENT OPPORTUNITY TO ADD VALUE and also benefits from an enclosed YARD to the rear. Situated close to many local amenities & excellent transport links, COULD THIS BE THE ONE FOR YOU. Offered for sale by Hills Property Auctions. Should you view, offer, or bid on the property, your information will be shared with the Auctioneer, Hills Property Auctions. This method of auction requires both parties to complete the transaction within 56 days of the draft contract of sale being received by the buyers solicitor. This time allows buyers to purchase with mortgage finance where necessary. The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 3% of the purchase price including VAT, subject to a minimum of £3,600 including VAT. The Reservation Fee is paid in addition to, and does not constitute part of the purchase price, however may be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to provide proof of how the purchase will be funded along with ID for verification. This property benefits from a Buyer Information Pack which is a collection of documents & information relating to the property. The documents may not tell you everything you need to know about the property, and therefore you are advised to complete your own due diligence prior to bidding. A sample copy of the Reservation Agreement and Terms & Conditions of the sale are also contained within this pack. Any potential buyer may purchase a copy of the Buyer Information Pack at a cost of £99.00 including VAT. The property is subject to an undisclosed Reserve Price. Both the Reserve Price and Starting Bid may change without notice. To place a bid or for any further information please call the Auction Coordinator. * CURRENT BID - £123,500 * This Auction will end at 2pm on Tuesday 24th December 2024 *

Agent Details

Hills, Swinton

0161 794 2888

Next Steps?

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