3 Bed Semi-Detached House, Refurb/BRRR, Salford, M5 3HJ, £180,000

5 Buckfield Avenue, Salford, Greater Manchester, M5 3HJ - 17 views - 3 months ago

Leasehold

Refurb/BRRR

ROI: 6%

~93 m²

+7 photos

ValuationUndervalued

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Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (32%)	£57,500£57,500
Stamp Duty & Legal Fees	£8,100£8,100
Refurb Costs	£39,428£39,428
Bridging Loan Interest	£6,038£6,038
Total Cash In	£112,816£112,816

Cash Out
Monetisation	FlipRefinance & RentRefinance & Rent
Revaluation	£263,092£263,092
Mortgage (After Refinance)	£197,319£197,319
Mortgage LTV	75%75%
Cash Released	£24,819£24,819
Cash Left In	£87,997£87,997
Equity	£65,773£65,773
Rent Range	£850 - £3,600£850 - £3,600
Rent Estimate	£1,791
Running Costs/mo	£1,200£1,200
Cashflow/mo	£591£591
Cashflow/yr	£7,092£7,092
ROI	6%6%
Gross Yield	9%9%

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Local Rents

50 rents from £850/mo to £3.6K/mo, average is £1.6K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,400	05/24	0.11 mi	Salford M5	3	Flat
£1,400	05/24	0.11 mi	Salford M5	3	Flat
£1,700	02/25	0.12 mi	-	3	Terraced House
£1,550	05/24	0.12 mi	Gurner Avenue, Salford	3	Detached House
£1,450	05/24	0.12 mi	Cooke Place, Salford	3	Flat
£1,650	03/25	0.13 mi	-	3	Terraced House
£1,715	05/24	0.15 mi	Ordsall Lane, Manchester, Greater Manchester, M5	3	Flat
£1,694	05/24	0.15 mi	Ordsall Lane, Manchester, Greater Manchester, M5	3	Flat
£1,770	05/24	0.15 mi	Ordsall Lane, Manchester, Greater Manchester, M5	3	Flat
£1,600	12/24	0.2 mi	-	3	Terraced House
£1,600	12/24	0.2 mi	-	3	Terraced House
£900	05/24	0.21 mi	Greenwood Terrace, Salford, M5	3	Flat
£1,650	12/24	0.22 mi	Lowry Wharf, The Riley Building, Derwent Street, Salford, M5 4TA	3	Flat
£1,900	03/25	0.22 mi	-	3	Terraced House
£2,500	03/25	0.22 mi	-	3	Flat
£1,500	06/24	0.23 mi	-	3	Flat
£2,000	05/24	0.25 mi	Waterhouse, 14 Worrall St, Salford, M5	3	Flat
£3,600	02/24	0.25 mi	-	3	Semi-Detached House
£3,600	05/24	0.25 mi	-	3	Semi-Detached House
£3,600	05/24	0.25 mi	-	3	Semi-Detached House
£2,710	03/25	0.25 mi	-	3	Semi-Detached House
£2,710	03/25	0.25 mi	-	3	Semi-Detached House
£1,475	06/24	0.25 mi	Worral Street, Salford	3	Detached House
£1,700	05/24	0.25 mi	Bridgewater Point, Worrell Street, Salford, M5	3	Flat
£1,300	12/24	0.26 mi	-	3	Terraced House
£1,800	03/24	0.26 mi	The Gateway, 15 Trafford Road, Salford, M5	3	Flat
£1,500	05/24	0.27 mi	Bridgewater Point, M5	3	Flat
£3,000	05/24	0.28 mi	-	3	Flat
£3,000	05/24	0.28 mi	-	3	Flat
£2,499	12/24	0.28 mi	-	3	Flat
£1,275	05/24	0.28 mi	Asgard Drive, Salford	3	Flat
£995	05/24	0.28 mi	Asgard Drive, Salford	3	Flat
£995	05/24	0.29 mi	Asgard Drive, Salford	3	Flat
£1,500	06/24	0.29 mi	Radclyffe Mews, Salford, M5	3	Terraced House
£1,500	06/24	0.29 mi	-	3	Terraced House
£1,500	05/24	0.29 mi	Radclyffe Mews, Salford, M5	3	House
£850	05/24	0.29 mi	-	3	Flat
£1,300	05/24	0.3 mi	Taylorson Street, Salford, Lancashire, M5	3	Terraced House
£1,250	05/24	0.32 mi	Rosalind Court, Salford, M5	3	Flat
£1,695	05/24	0.32 mi	Downtown, 7 Woden Street, Salford, M5	3	Flat
£1,750	05/24	0.32 mi	Manchester Waters, 1 Pomona Strand, Old Trafford, Manchester, M16	3	Flat
£1,750	06/24	0.33 mi	-	3	Flat
£1,750	06/24	0.33 mi	Delaney Building, Salford, M5	3	Flat
£1,050	05/24	0.33 mi	Delaney, Salford, M5	3	Flat
£1,625	05/24	0.33 mi	Delaney Building Lowry Wharf Derwent Street M5	3	Flat
£1,550	05/24	0.33 mi	Downtown, 7 Woden Street, Salford, M5	3	Flat
£1,550	05/24	0.34 mi	Delaney Building, Lowry Wharf, Derwent Street, Salford, M5	3	Flat
£1,300	12/24	0.35 mi	-	3	Terraced House
£1,800	05/24	0.37 mi	Dock Office, Salford, M50	3	Flat
£1,800	06/24	0.37 mi	-	3	Flat

Local Area Statistics

Population in M5	14,44514,445
Population in Salford	88,69788,697
Town centre distance	2.52 miles away2.52 miles away
Nearest school	0.30 miles away0.30 miles away
Nearest train station	0.34 miles away0.34 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

Price changed to £180,000

March 8, 2025

Price changed to £210,000

February 12, 2025

Listed for £230,000

December 20, 2024

Sold for £31,250

2002

Sold for £17,250

2001

Sold for £41,400

1996

Floor Plans

Description

Three bedroom +
Semi-detached +
Requires modernisation throughout +
Excellent location +
No onward chain +

Peter Anthony welcome to market this THREE BEDROOM semi-detached property on Buckfield Avenue in Salford.

Requiring modernisation throughout this property is ideal for investors.

Briefly comprises of entrance hallway, living room, kitchen, three bedrooms and a bathroom. It also benefits from good size garden front and rear, and a driveway.

Ideally located just off Ordsall Lane, it allows easy access to the city centre and Salford Quays. It has excellent transport links and easy access to motorway links.

Call the office now to arrange a viewing!

EPC - C

Lease 999 years from 1 January 1995
Ground rent £50 per annum

Agent Details

Peter Anthony, Salford

0161 707 4745

Next Steps?

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

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