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











Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (32%)

£57,500

Stamp Duty & Legal Fees

£8,100

Refurb Costs

£39,428

Bridging Loan Interest

£6,038

Total Cash In

£112,816

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£263,092

Mortgage (After Refinance)

£197,319

Mortgage LTV

75%

Cash Released

£24,819

Cash Left In

£87,997

Equity

£65,773

Rent Range

£850 - £3,600

Rent Estimate

£1,791

Running Costs/mo

£1,200

Cashflow/mo

£591

Cashflow/yr

£7,092

ROI

6%

Gross Yield

9%













Local Rents

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

RentDateDistanceAddressBeds 
£1,40005/240.11 miSalford M53
£1,40005/240.11 miSalford M53
£1,70002/250.12 mi-3
£1,55005/240.12 miGurner Avenue, Salford3
£1,45005/240.12 miCooke Place, Salford3
£1,65003/250.13 mi-3
£1,71505/240.15 miOrdsall Lane, Manchester, Greater Manchester, M53
£1,69405/240.15 miOrdsall Lane, Manchester, Greater Manchester, M53
£1,77005/240.15 miOrdsall Lane, Manchester, Greater Manchester, M53
£1,60012/240.2 mi-3
£1,60012/240.2 mi-3
£90005/240.21 miGreenwood Terrace, Salford, M53
£1,65012/240.22 miLowry Wharf, The Riley Building, Derwent Street, Salford, M5 4TA3
£1,90003/250.22 mi-3
£2,50003/250.22 mi-3
£1,50006/240.23 mi-3
£2,00005/240.25 miWaterhouse, 14 Worrall St, Salford, M53
£3,60002/240.25 mi-3
£3,60005/240.25 mi-3
£3,60005/240.25 mi-3
£2,71003/250.25 mi-3
£2,71003/250.25 mi-3
£1,47506/240.25 miWorral Street, Salford3
£1,70005/240.25 miBridgewater Point, Worrell Street, Salford, M53
£1,30012/240.26 mi-3
£1,80003/240.26 miThe Gateway, 15 Trafford Road, Salford, M53
£1,50005/240.27 miBridgewater Point, M53
£3,00005/240.28 mi-3
£3,00005/240.28 mi-3
£2,49912/240.28 mi-3
£1,27505/240.28 miAsgard Drive, Salford3
£99505/240.28 miAsgard Drive, Salford3
£99505/240.29 miAsgard Drive, Salford3
£1,50006/240.29 miRadclyffe Mews, Salford, M53
£1,50006/240.29 mi-3
£1,50005/240.29 miRadclyffe Mews, Salford, M53
£85005/240.29 mi-3
£1,30005/240.3 miTaylorson Street, Salford, Lancashire, M53
£1,25005/240.32 miRosalind Court, Salford, M53
£1,69505/240.32 miDowntown, 7 Woden Street, Salford, M53
£1,75005/240.32 miManchester Waters, 1 Pomona Strand, Old Trafford, Manchester, M163
£1,75006/240.33 mi-3
£1,75006/240.33 miDelaney Building, Salford, M53
£1,05005/240.33 miDelaney, Salford, M53
£1,62505/240.33 miDelaney Building Lowry Wharf Derwent Street M53
£1,55005/240.33 miDowntown, 7 Woden Street, Salford, M53
£1,55005/240.34 miDelaney Building, Lowry Wharf, Derwent Street, Salford, M53
£1,30012/240.35 mi-3
£1,80005/240.37 miDock Office, Salford, M503
£1,80006/240.37 mi-3

Local Area Statistics

Population in M5

14,445

Population in Salford

88,697

Town centre distance

2.52 miles away

Nearest school

0.30 miles away

Nearest train station

0.34 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+35%

Sales demand

Buyer's market

Capital growth (5yrs)

+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 💪